Freeport-McMoRan Inc. $FCX Holdings Increased by Landmark Wealth Management LLC

Landmark Wealth Management LLC boosted its position in Freeport-McMoRan Inc. (NYSE:FCX) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,012 shares of the natural resource company’s stock after purchasing an additional 9,500 shares during the quarter. Landmark Wealth Management LLC’s holdings in Freeport-McMoRan were worth $2,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Candriam S.C.A. lifted its stake in shares of Freeport-McMoRan by 30.7% in the third quarter. Candriam S.C.A. now owns 892,978 shares of the natural resource company’s stock worth $62,737,000 after buying an additional 209,892 shares in the last quarter. Cullinan Associates Inc. purchased a new stake in Freeport-McMoRan during the third quarter worth about $210,000. Ethic Inc. increased its stake in Freeport-McMoRan by 8.3% during the third quarter. Ethic Inc. now owns 47,033 shares of the natural resource company’s stock worth $3,292,000 after purchasing an additional 3,592 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Freeport-McMoRan by 1.4% during the third quarter. 180 Wealth Advisors LLC now owns 67,787 shares of the natural resource company’s stock worth $4,745,000 after purchasing an additional 964 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Freeport-McMoRan by 8.6% during the third quarter. Parallel Advisors LLC now owns 64,986 shares of the natural resource company’s stock worth $4,549,000 after purchasing an additional 5,141 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares of the company’s stock, valued at $16,577,416.96. This represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lydia Kennard sold 3,798 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the transaction, the director directly owned 122,702 shares in the company, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is owned by insiders.

Freeport-McMoRan Stock Down 0.1%

Shares of Freeport-McMoRan stock opened at $59.36 on Monday. The business has a 50-day moving average of $69.84 and a 200-day moving average of $65.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The company has a market capitalization of $85.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.55 and a beta of 1.38. Freeport-McMoRan Inc. has a 1-year low of $38.75 and a 1-year high of $80.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The business had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Freeport-McMoRan Inc. will post 3.02 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th were issued a dividend of $0.0750 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 12.61%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FCX shares. UBS Group dropped their price target on Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of Freeport-McMoRan from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Scotiabank decreased their price target on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 28th. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Erste Group Bank started coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average target price of $75.30.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
• Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

About Freeport-McMoRan

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.