Freeport-McMoRan Inc. $FCX Stock Bought by Americana Partners LLC

Key Points

• Americana Partners increased its Freeport-McMoRan stake by 192.1% in the third quarter, owning 89,180 shares valued at approximately $6.24 million. Institutional investors collectively hold 80.77% of FCX’s outstanding stock.
• Analyst sentiment remains favorable, with one Strong Buy, 20 Buy and four Hold ratings; the consensus is “Moderate Buy” with an average price target of $75.67.
• Freeport-McMoRan reported quarterly earnings of $0.88 per share, exceeding estimates, while revenue rose 8.2% year over year to $7.55 billion. The company also declared a $0.075 quarterly dividend, equivalent to a 0.5% annual yield.

Americana Partners LLC boosted its position in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 192.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,180 shares of the natural resource company's stock after purchasing an additional 58,650 shares during the period. Americana Partners LLC's holdings in Freeport-McMoRan were worth $6,243,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FCX. NBH Bank bought a new stake in shares of Freeport-McMoRan in the second quarter valued at $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Freeport-McMoRan during the 1st quarter valued at $29,000. Roxbury Financial LLC grew its stake in shares of Freeport-McMoRan by 196.5% during the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company's stock worth $37,000 after acquiring an additional 393 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Freeport-McMoRan during the 1st quarter worth $39,000. Finally, Archer Investment Corp bought a new position in shares of Freeport-McMoRan during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 80.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FCX. Erste Group Bank started coverage on shares of Freeport-McMoRan in a research note on Thursday, August 27th. They issued a "buy" rating for the company. Scotiabank decreased their target price on Freeport-McMoRan from $80.00 to $78.00 and set a "sector outperform" rating on the stock in a research note on Wednesday. The Goldman Sachs Group reissued a "buy" rating on shares of Freeport-McMoRan in a report on Thursday, September 10th. Royal Bank Of Canada upped their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $75.67.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $62.44 on Friday. Freeport-McMoRan Inc. has a 52-week low of $38.54 and a 52-week high of $80.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 2.02. The company has a market capitalization of $89.66 billion, a P/E ratio of 26.24, a P/E/G ratio of 0.61 and a beta of 1.39. The company has a fifty day moving average of $71.59 and a 200-day moving average of $65.24.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last released its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The business had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $7.36 billion. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, equities research analysts predict that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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

Insider Transactions at Freeport-McMoRan

In other news, EVP Douglas Currault, II sold 80,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value 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 represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Higgins sold 14,277 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the transaction, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 102,848 shares of company stock worth $7,911,621. 0.73% of the stock is currently owned by company insiders.

More Freeport-McMoRan News

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

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.

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