44,352 Freeport-McMoRan Inc. $FCX Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,444,726 shares of the natural resource company’s stock after selling 44,352 shares during the quarter. Freeport-McMoRan makes up 1.2% of Douglas Lane & Associates LLC’s holdings, making the stock its 19th largest position. Douglas Lane & Associates LLC owned 0.10% of Freeport-McMoRan worth $101,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Breakwater Capital Group lifted its holdings in shares of Freeport-McMoRan by 1.0% during the 3rd quarter. Breakwater Capital Group now owns 15,930 shares of the natural resource company’s stock worth $1,115,000 after acquiring an additional 160 shares during the period. Hardin Capital Partners LLC raised its holdings in shares of Freeport-McMoRan by 17.7% in the 3rd quarter. Hardin Capital Partners LLC now owns 4,554 shares of the natural resource company’s stock worth $319,000 after purchasing an additional 684 shares during the period. LifeGoal Investments LLC grew its holdings in shares of Freeport-McMoRan by 16.2% during the 3rd quarter. LifeGoal Investments LLC now owns 4,553 shares of the natural resource company’s stock worth $319,000 after purchasing an additional 634 shares during the period. Pacifica Partners Inc. lifted its position in Freeport-McMoRan by 0.7% during the third quarter. Pacifica Partners Inc. now owns 33,311 shares of the natural resource company’s stock valued at $2,308,000 after buying an additional 231 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in shares of Freeport-McMoRan in the 3rd quarter valued at $203,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares in the company, valued at $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lydia H. Kennard sold 3,798 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the transaction, the director owned 122,702 shares in the company, valued at approximately $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 110,398 shares of company stock valued at $8,387,271. 0.73% of the stock is currently owned by company insiders.

Freeport-McMoRan Price Performance

FCX traded up $2.42 on Friday, reaching $73.56. The company had a trading volume of 3,588,598 shares, compared to its average volume of 16,245,871. The company has a market capitalization of $105.63 billion, a P/E ratio of 36.25, a PEG ratio of 0.69 and a beta of 1.39. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $71.56 and a 200-day moving average of $66.05. Freeport-McMoRan Inc. has a one year low of $38.54 and a one year high of $80.24.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Freeport-McMoRan Inc. will post 2.87 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 14.78%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCX. Freedom Broker cut Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Sanford C. Bernstein cut their price target on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. BNP Paribas Exane increased their target price on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Morgan Stanley increased their price objective on shares of Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.22.

More Freeport-McMoRan News

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

• Positive Sentiment: JPMorgan Chase raised its price target for Freeport-McMoRan from $77 to $92 and maintained an “overweight” rating, implying substantial potential upside. The higher target supports the bullish case for FCX and is likely the most significant catalyst in the recent coverage. Freeport-McMoRan Stock Gets Price Target Bump from JPMorgan Chase & Co.
• Positive Sentiment: A Morgan Stanley analyst said Freeport-McMoRan’s stock is expected to rise, adding another favorable Wall Street view and reinforcing investor optimism around the copper and mining company. Freeport-McMoRan Stock Price Expected to Rise, Morgan Stanley Analyst Says
• Neutral Sentiment: FCX remains a closely watched stock among Zacks users, suggesting elevated investor interest. However, the report does not provide a new operating or valuation catalyst. Is Trending Stock Freeport-McMoRan Inc. (FCX) a Buy Now?
• Negative Sentiment: Zacks Research lowered EPS estimates across several periods, including Q3 2026 to $0.61 from $0.63, FY2026 to $2.50 from $2.52, FY2027 to $3.47 from $3.54, and FY2028 to $3.41 from $3.52. Estimates for multiple 2027 and 2028 quarters were also reduced, signaling somewhat softer expected earnings momentum. Freeport-McMoRan Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Freeport-McMoRan recently underperformed the broader market in a session that ended lower, highlighting short-term volatility despite the more constructive analyst price targets.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America and Indonesia.