Freeport-McMoRan Inc. $FCX Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Freeport-McMoRan position by 18.1% in the second quarter, purchasing 53,009 additional shares for a total holding of 345,568 shares valued at approximately $21.7 million. Institutional investors collectively own 80.77% of FCX.
• Freeport-McMoRan beat quarterly expectations with earnings of $0.74 per share versus the $0.62 consensus and revenue of $7.03 billion, although revenue declined 7.3% year over year. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $69.75.
• FCX shares were recently down 6.7% amid uncertainty over potential copper tariffs and broader market pressures, while insiders sold roughly 110,398 shares worth $8.4 million over the past three months. Longer-term prospects remain supported by copper demand from AI infrastructure, power-grid upgrades and renewable energy.

NewEdge Advisors LLC increased its position in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 18.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,568 shares of the natural resource company's stock after buying an additional 53,009 shares during the quarter. NewEdge Advisors LLC's holdings in Freeport-McMoRan were worth $21,733,000 as of its most recent SEC filing.

Other institutional investors 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 valued at approximately $28,000. Steph & Co. increased its holdings in shares of Freeport-McMoRan by 43.7% in the 1st 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 period. Cassaday & Co Wealth Management LLC purchased a new stake in Freeport-McMoRan in the 1st quarter valued at $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in Freeport-McMoRan in the 4th quarter valued at $25,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Freeport-McMoRan during the 4th quarter worth $29,000. 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: Longer term, Freeport-McMoRan remains positioned to benefit from strong copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Copper supply is also constrained by declining mine output, operational disruptions and smelter bottlenecks. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Recent earnings demonstrated operating leverage: FCX reported quarterly earnings of $0.74 per share versus the $0.62 consensus estimate, while revenue also exceeded expectations. Analysts’ average rating remains Moderate Buy, with some price targets above the current trading level. Freeport-McMoRan earnings report
• Neutral Sentiment: Investors remain focused on whether the structural copper shortage can outweigh near-term demand weakness. Elevated prices have caused some buyers, particularly in China, to delay purchases, while copper inventories and trade flows remain sensitive to policy developments. Copper miners and oil market article
• Negative Sentiment: Uncertainty surrounding White House plans for copper tariffs triggered a broad pullback in copper-related equities, reversing part of the metal’s recent record rally. Rising Treasury yields, a stronger dollar and pressure across precious and industrial metals added to the selling. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty

Insiders Place Their Bets

In related news, EVP Douglas Currault, II sold 80,000 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president owned 211,016 shares of the company's stock, valued at $16,577,416.96. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Ellie Mikes sold 4,773 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the transaction, the chief accounting officer owned 36,000 shares of the company's stock, valued at $2,520,000. The trade was a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 110,398 shares of company stock valued at $8,387,271 in the last three months. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Stock Down 6.7%

Shares of NYSE:FCX opened at $71.15 on Friday. The company has a market cap of $102.18 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 0.75 and a beta of 1.41. The firm's 50-day simple moving average is $67.41 and its 200-day simple moving average is $64.70. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. Freeport-McMoRan Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $80.24.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted 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. 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 period in the prior year, the company posted $0.54 earnings per share. The firm's revenue for the quarter was down 7.3% on a year-over-year basis. As a group, equities research analysts predict that Freeport-McMoRan Inc. will post 2.81 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were paid a $0.075 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Freeport-McMoRan's payout ratio is 14.78%.

Analyst Upgrades and Downgrades

FCX has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Freedom Broker cut Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. Erste Group Bank assumed coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They set a "buy" rating for the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Freeport-McMoRan in a research report on Thursday. Finally, Bank of America lifted their target price on Freeport-McMoRan from $74.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. One equities research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.75.

About Freeport-McMoRan

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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