Freeport-McMoRan Inc. $FCX Stock Acquired by Candriam S.C.A.

Candriam S.C.A. lifted its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 30.7% during the third quarter, Holdings Channel reports. The institutional investor owned 892,978 shares of the natural resource company’s stock after purchasing an additional 209,892 shares during the quarter. Candriam S.C.A.’s holdings in Freeport-McMoRan were worth $62,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FCX. Cullinan Associates Inc. purchased a new position in Freeport-McMoRan in the third quarter worth $210,000. Ethic Inc. boosted its position in shares of Freeport-McMoRan by 8.3% during the 3rd 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 in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Freeport-McMoRan by 1.4% during the 3rd 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. Parallel Advisors LLC boosted its position in shares of Freeport-McMoRan by 8.6% during the 3rd 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. Finally, Guidance Capital Inc. boosted its position in shares of Freeport-McMoRan by 4.7% during the 3rd quarter. Guidance Capital Inc. now owns 20,291 shares of the natural resource company’s stock worth $1,420,000 after purchasing an additional 909 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FCX. Weiss Ratings downgraded shares of Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Freedom Broker reduced their price objective on shares of Freeport-McMoRan from $75.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, November 2nd. BMO Capital Markets boosted their price objective on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, September 29th. Stifel Nicolaus boosted their price objective on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada upped their target price on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.30.

Insider Activity

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 80,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction of $300,459.78. Following the transaction, the director owned 122,702 shares of the company’s stock, valued at $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. 0.73% of the stock is owned by insiders.

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $59.36 on Friday. The stock has a fifty day moving average price of $69.84 and a 200 day moving average price of $65.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02. The stock has a market cap 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 posted its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, beating 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 company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. Freeport-McMoRan’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Freeport-McMoRan Inc. will post 3.02 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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

Freeport-McMoRan Company Profile

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.