Inspire Investing LLC Sells 187,571 Shares of Freeport-McMoRan Inc. $FCX

Inspire Investing LLC trimmed its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 66.8% during the third quarter, Holdings Channel reports. The firm owned 93,139 shares of the natural resource company’s stock after selling 187,571 shares during the quarter. Inspire Investing LLC’s holdings in Freeport-McMoRan were worth $6,520,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. XXI Wealth LLC lifted its holdings in Freeport-McMoRan by 16.5% in the third quarter. XXI Wealth LLC now owns 6,886 shares of the natural resource company’s stock worth $482,000 after acquiring an additional 975 shares during the last quarter. NovaPoint Capital LLC boosted its stake in Freeport-McMoRan by 14.5% in the third quarter. NovaPoint Capital LLC now owns 8,182 shares of the natural resource company’s stock valued at $573,000 after acquiring an additional 1,039 shares during the period. MBL Wealth LLC grew its holdings in shares of Freeport-McMoRan by 59.2% during the third quarter. MBL Wealth LLC now owns 22,023 shares of the natural resource company’s stock valued at $1,542,000 after purchasing an additional 8,188 shares during the last quarter. Royal Fund Management LLC grew its holdings in shares of Freeport-McMoRan by 8.5% during the third quarter. Royal Fund Management LLC now owns 17,942 shares of the natural resource company’s stock valued at $1,256,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Freeport-McMoRan by 2.1% during the 3rd quarter. Brookstone Capital Management now owns 58,448 shares of the natural resource company’s stock worth $4,091,000 after purchasing an additional 1,181 shares during the period. 80.77% of the stock is currently owned by institutional investors.

Insider Activity at Freeport-McMoRan

In other news, Director Lydia H. Kennard sold 3,798 shares of the 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 $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the transaction, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 110,398 shares of company stock worth $8,387,271. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley raised their price target on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. Freedom Broker lowered Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. UBS Group upped their price objective on Freeport-McMoRan from $77.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Bank of America increased their target price on Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average price target of $76.27.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: FCX has delivered four consecutive earnings beats, and strong copper prices are expected to support third-quarter results despite lower sales volumes and higher costs. The earnings preview also highlights estimates for production and other operating metrics that could influence the stock beyond headline revenue and EPS. FCX to Report Q3 Earnings: What’s in the Cards for the Stock?
• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for Freeport-McMoRan to $3.19 from $3.10 and maintained a Buy rating. The revised estimate is above the broader consensus of $2.99, providing a favorable analyst signal ahead of earnings.
• Positive Sentiment: HSBC reportedly assigned FCX a $77 price target ahead of the company’s October 27 results, suggesting potential upside if copper-market conditions and quarterly execution meet expectations. HSBC sets USD 77 target before October 27 results

Freeport-McMoRan Trading Up 0.9%

Freeport-McMoRan stock opened at $65.20 on Friday. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $72.02 and a two-hundred day moving average price of $66.90. The firm has a market capitalization of $93.63 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 0.58 and a beta of 1.39. Freeport-McMoRan Inc. has a 52-week low of $38.54 and a 52-week high of $80.24.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping 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 firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Freeport-McMoRan’s quarterly revenue was down 7.3% on a year-over-year basis. Sell-side analysts expect that Freeport-McMoRan Inc. will post 3.05 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan’s payout ratio is currently 14.78%.

Freeport-McMoRan Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

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