Baird Financial Group Inc. Has $9.42 Million Stock Position in Freeport-McMoRan Inc. $FCX

Key Points

• Baird Financial Group increased its Freeport-McMoRan stake by 79.6% in the second quarter, holding 149,757 shares valued at approximately $9.42 million. Institutional investors collectively own 80.77% of FCX.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $69.75, despite some holds and ongoing copper-market risks.
• Freeport-McMoRan beat quarterly earnings and revenue estimates, reporting $0.74 EPS and $7.03 billion in revenue, while insiders sold 110,398 shares worth about $8.39 million in the last quarter.

Baird Financial Group Inc. grew its position in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 79.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 149,757 shares of the natural resource company's stock after acquiring an additional 66,362 shares during the period. Baird Financial Group Inc.'s holdings in Freeport-McMoRan were worth $9,418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FCX. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at about $25,000. NBH Bank acquired a new position in shares of Freeport-McMoRan in the second quarter worth approximately $28,000. Steph & Co. boosted its holdings in Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company's stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Freeport-McMoRan in the first quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Freeport-McMoRan during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 80.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FCX shares. Stifel Nicolaus raised their price target 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. Bank of America upped their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Freedom Broker cut shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. BNP Paribas Exane lifted their target price on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the stock an "outperform" rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group boosted their target price on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.75.

Insider Activity

In other news, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the sale, the chief accounting officer owned 36,000 shares in the company, valued at $2,520,000. This represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the sale, the chief accounting officer directly owned 54,618 shares of the company's stock, valued at $3,795,951. The trade was a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,398 shares of company stock valued at $8,387,271 over the last quarter. 0.73% of the stock is owned by insiders.

Freeport-McMoRan Stock Up 0.0%

Shares of NYSE FCX opened at $71.08 on Monday. 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 market cap of $102.07 billion, a PE ratio of 35.01, a P/E/G ratio of 0.70 and a beta of 1.41. The company's fifty day simple moving average is $67.62 and its 200 day simple moving average is $64.74. Freeport-McMoRan Inc. has a 12-month low of $35.15 and a 12-month high of $80.24.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. As a group, sell-side analysts forecast that Freeport-McMoRan Inc. will post 2.82 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 0.4%. Freeport-McMoRan's dividend payout ratio (DPR) is 14.78%.

More Freeport-McMoRan News

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

• Positive Sentiment: Freeport-McMoRan CEO highlighted copper’s strategic importance for future economic growth, supporting the long-term demand case for the company’s primary commodity. Copper is very important commodity as we look toward the future, says Freeport-McMoRan CEO
• Positive Sentiment: Goldman Sachs described FCX as attractively valued following the recent decline and ongoing uncertainty around White House copper-tariff policy, potentially limiting downside if copper fundamentals remain strong. Freeport-McMoRan attractively valued after White House copper tariff uncertainty, Goldman says
• Neutral Sentiment: FCX has gained about 20% over six months, supported by higher copper prices and strong earnings, but analysts point to rising costs and weaker production volumes as risks to near-term results. FCX's Shares Up 20% in 6 Months: What Should Investors Do Now?
• Neutral Sentiment: At the Jefferies Global Industrials Conference, management’s remarks provided investors with additional commentary on the company’s operations and copper-market outlook. Freeport-McMoRan Inc. Presents at Jefferies Global Industrials Conference 2026
• Negative Sentiment: Copper-mining shares sold off sharply as doubts about possible U.S. tariffs prompted a reversal in copper’s record rally. Because copper prices directly influence FCX’s revenue and cash flow, the uncertainty was a key catalyst for the stock’s decline. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty
• Negative Sentiment: Erste Group Bank made a modest reduction to its FY2027 EPS forecast, from $4.01 to $4.00, although it maintained a Buy rating. The small estimate cut signals limited near-term impact but reflects some caution. Freeport-McMoRan analyst estimate update

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a global 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 wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.

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