75,839 Shares of Freeport-McMoRan Inc. $FCX Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC acquired 75,839 Freeport-McMoRan shares worth approximately $5.3 million in the third quarter. Institutional investors now own 80.77% of the company.
• Freeport-McMoRan beat third-quarter expectations with $0.88 in earnings per share and $7.55 billion in revenue, helped by stronger copper economics and year-over-year revenue growth. However, the company reduced its copper-sales outlook as Grasberg’s recovery continues.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average target of $75.67. Meanwhile, insiders sold 102,848 shares worth about $7.9 million over the past 90 days, and FCX recently traded at $62.44.

International Assets Investment Management LLC acquired a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 75,839 shares of the natural resource company's stock, valued at approximately $5,309,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBH Bank acquired a new stake in shares of Freeport-McMoRan in the second quarter worth $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Freeport-McMoRan during the 1st quarter valued at $29,000. Roxbury Financial LLC raised its stake in Freeport-McMoRan by 196.5% during the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company's stock valued at $37,000 after purchasing an additional 393 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Freeport-McMoRan in the 1st quarter valued at $39,000. Finally, Archer Investment Corp acquired a new stake in Freeport-McMoRan in the 2nd quarter worth $45,000. Institutional investors own 80.77% of the company's stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Insiders Place Their Bets

In related news, CAO Stephen T. Higgins sold 14,277 shares of the company's stock in a transaction dated 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 4,773 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the transaction, the chief accounting officer owned 36,000 shares in the company, valued at $2,520,000. The trade was a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,848 shares of company stock worth $7,911,621 over the last ninety days. Company insiders own 0.73% of the company's stock.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock opened at $62.44 on Monday. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $89.67 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.57 and a beta of 1.38. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The firm's 50-day moving average price is $71.59 and its two-hundred day moving average price is $65.24.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. On average, equities analysts predict that Freeport-McMoRan Inc. will post 3.04 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan's dividend payout ratio is presently 12.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FCX shares. Barclays increased their target price on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. Citigroup upped their price target on Freeport-McMoRan from $66.00 to $84.00 and gave the company a "buy" rating in a report on Monday, October 5th. Morgan Stanley raised their price objective on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 7th. Stifel Nicolaus lifted their price objective on 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 boosted their price objective on Freeport-McMoRan from $73.00 to $85.00 and gave the company a "sector perform" rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Freeport-McMoRan currently has an average rating of "Moderate Buy" and a consensus target price of $75.67.

About Freeport-McMoRan

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.

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