Freeport-McMoRan Inc. $FCX Shares Acquired by Inspire Investing LLC

Inspire Investing LLC grew its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,593 shares of the natural resource company’s stock after buying an additional 31,180 shares during the period. Freeport-McMoRan accounts for 0.7% of Inspire Investing LLC’s holdings, making the stock its 22nd biggest position. Inspire Investing LLC’s holdings in Freeport-McMoRan were worth $6,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after acquiring an additional 8,292,873 shares during the last quarter. Amundi lifted its holdings in shares of Freeport-McMoRan by 28.1% in the 1st quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock valued at $1,046,280,000 after buying an additional 6,054,537 shares during the period. Crake Asset Management LLP boosted its stake in shares of Freeport-McMoRan by 2,140.8% in the first quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company’s stock worth $224,496,000 after buying an additional 5,665,000 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in shares of Freeport-McMoRan in the second quarter worth about $159,147,000. Finally, Voya Investment Management LLC grew its holdings in Freeport-McMoRan by 289.0% during the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after acquiring an additional 2,856,302 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FCX shares. JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. Morgan Stanley reissued an “overweight” rating and set a $53.00 price target on shares of Freeport-McMoRan in a report on Monday, December 15th. Royal Bank Of Canada lowered their target price on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Johnson Rice cut their price target on Freeport-McMoRan from $55.00 to $48.00 in a research note on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Freeport-McMoRan presently has a consensus rating of “Buy” and an average price target of $49.49.

Freeport-McMoRan Stock Up 0.1%

Shares of FCX opened at $51.96 on Thursday. The stock has a 50 day moving average price of $43.12 and a 200 day moving average price of $42.97. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $52.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The stock has a market capitalization of $74.61 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.17 and a beta of 1.49.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is presently 21.13%.

Key Headlines Impacting Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Wells Fargo reiterated an overweight rating and lifted its price target to $55, signaling stronger buy-side conviction and supporting upside expectations for FCX. Article Title
• Positive Sentiment: Market commentary highlights robust copper prices and a recent 27% monthly rally that underpin earnings and valuation re-assessment — a tailwind for Freeport’s revenue and margins if prices persist. Article Title
• Positive Sentiment: Coverage noting copper near $12,000/ton strengthens the commodity outlook for Freeport, supporting longer-term cash flow for its large copper expansions. Article Title
• Neutral Sentiment: Research notes and roundups (Zacks and others) explain why investors might retain FCX — highlighting strong liquidity and growth plans but also warning rising unit costs; useful context but mixed for near-term price action. Article Title
• Neutral Sentiment: Analyst previews and Q4 prediction roundups summarize expectations ahead of earnings — useful for positioning but not a direct catalyst until results. Article Title
• Negative Sentiment: Short interest jumped ~35% in December to ~28.0M shares (?2% of shares outstanding), signaling increased bearish positioning that can pressure the stock if sentiment turns. (Short-interest ratio ~1.7 days based on average volume.)
• Negative Sentiment: Multiple securities-class-action notices and lead-plaintiff solicitations (several law firms) add legal overhang and potential liability — a clear downside risk until resolved. Article Title
• Negative Sentiment: Zacks and other research teams have trimmed Q4 and near-term FY EPS estimates, indicating analysts expect some near-term margin/volume pressure; lowered estimates are a potential headwind for short-term stock performance.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

About Freeport-McMoRan

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.