Marathon Asset Management Ltd Decreases Position in Freeport-McMoRan Inc. $FCX

Marathon Asset Management Ltd lessened its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 31.1% during the third quarter, HoldingsChannel reports. The firm owned 249,302 shares of the natural resource company’s stock after selling 112,447 shares during the period. Marathon Asset Management Ltd’s holdings in Freeport-McMoRan were worth $9,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC increased its position in Freeport-McMoRan by 62.0% in the third quarter. Sowell Financial Services LLC now owns 25,115 shares of the natural resource company’s stock worth $985,000 after buying an additional 9,615 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Freeport-McMoRan by 6.7% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 960,877 shares of the natural resource company’s stock valued at $37,686,000 after buying an additional 60,049 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Freeport-McMoRan by 3.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 32,222 shares of the natural resource company’s stock worth $1,264,000 after acquiring an additional 1,087 shares during the period. Carnegie Investment Counsel grew its stake in shares of Freeport-McMoRan by 15.7% during the 3rd quarter. Carnegie Investment Counsel now owns 68,642 shares of the natural resource company’s stock worth $2,692,000 after acquiring an additional 9,335 shares during the period. Finally, Brian Low Financial Group LLC increased its holdings in Freeport-McMoRan by 85.6% in the 3rd quarter. Brian Low Financial Group LLC now owns 20,406 shares of the natural resource company’s stock worth $800,000 after acquiring an additional 9,413 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This trade represents a 19.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. 0.79% of the stock is owned by corporate insiders.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $53.07 on Monday. The company has a 50 day moving average of $43.56 and a 200 day moving average of $43.13. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market cap of $76.20 billion, a P/E ratio of 37.37, a P/E/G ratio of 1.20 and a beta of 1.49. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $53.77.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. As a group, sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FCX shares. Jefferies Financial Group upped their price objective on shares of Freeport-McMoRan from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. UBS Group raised their price objective on shares of Freeport-McMoRan from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Wells Fargo & Company lifted their price objective on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. increased their target price on Freeport-McMoRan from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $49.49.

Key Stores Impacting Freeport-McMoRan

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

• Positive Sentiment: Strong copper rally & sector momentum — Copper is testing fresh records and miners including Freeport are benefiting from higher metal prices and bullish coverage; higher copper directly boosts Freeport’s margins because it is a volume leader. Freeport-McMoRan and Miner Stocks Climb as Copper Tests Fresh Record
• Positive Sentiment: Structural demand story — Market commentary highlights AI/data-center buildout and energy transition as durable copper demand drivers, supporting a multi-year bull case for FCX given its large-scale production footprint (Grasberg, volume leverage). Gold and Silver Exploded—Now Copper May Be the Next Big Trade
• Positive Sentiment: Industry stock-picking attention — Roundups of best copper stocks name Freeport as a primary play for copper upside, which can attract flows into FCX and support multiple expansion if commodity strength persists. Best copper stocks to buy as prices continue the bull run
• Neutral Sentiment: Dividend and momentum signals — Coverage noted an upcoming $0.15 dividend and an eight?session gain streak; these support short-term demand but don’t change the longer-term fundamentals materially. Freeport-McMoRan (NYSE:FCX) Is Due To Pay A Dividend Of $0.15
• Negative Sentiment: Multiple class-action notices and shareholder investigations — Several law firms have filed or alerted investors about securities class actions against Freeport covering Feb 2022–Sep 2025; that raises litigation risk, potential legal costs and investor uncertainty. FCX LAWSUIT ALERT: Levi & Korsinsky Notifies Freeport-McMoRan Inc. Investors… DEADLINE ALERT for FCX…
• Negative Sentiment: Additional law-firm notices piling up — More firms (Faruqi, Bronstein Gewirtz, Newsfile/PR notices) are publicizing the same litigation window and lead-plaintiff deadlines, increasing headline flow and potential selling pressure from concerned holders. SHAREHOLDER ALERT: Faruqi & Faruqi Investigates Claims…
• Negative Sentiment: Analyst estimate cuts & rising short interest — Zacks trimmed earnings estimates and short interest jumped ~35% in December, which can amplify volatility and pressure shares if sentiment turns. Zacks Research Cuts Earnings Estimates for Freeport-McMoRan

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.