Freeport-McMoRan Inc. $FCX Stock Position Trimmed by Inspire Investing LLC

Key Points

• Inspire Investing cut its Freeport-McMoRan position by 66.8% in the third quarter, selling 187,571 shares and retaining 93,139 shares worth approximately $6.52 million. Despite the reduction, institutional investors collectively own 80.77% of FCX.
• Freeport-McMoRan exceeded quarterly expectations with EPS of $0.74 versus the $0.62 consensus and revenue of $7.03 billion, although revenue declined 7.3% year over year. The company declared a quarterly dividend of $0.075 per share, yielding about 0.5% annually.
• Analyst sentiment remains generally positive, with FCX carrying a “Moderate Buy” consensus rating and an average price target of $76.27 versus the reported opening price of $65.20. Several firms raised their targets, including JPMorgan, which increased its target to $92.

Inspire Investing LLC decreased its position in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 66.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,139 shares of the natural resource company's stock after selling 187,571 shares during the quarter. Inspire Investing LLC's holdings in Freeport-McMoRan were worth $6,520,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FCX. XXI Wealth LLC increased its stake in Freeport-McMoRan by 16.5% during the 3rd quarter. XXI Wealth LLC now owns 6,886 shares of the natural resource company's stock worth $482,000 after buying an additional 975 shares during the period. NovaPoint Capital LLC boosted its position in Freeport-McMoRan by 14.5% in the 3rd quarter. NovaPoint Capital LLC now owns 8,182 shares of the natural resource company's stock valued at $573,000 after buying an additional 1,039 shares during the last quarter. MBL Wealth LLC boosted its position in Freeport-McMoRan by 59.2% in the 3rd quarter. MBL Wealth LLC now owns 22,023 shares of the natural resource company's stock valued at $1,542,000 after buying an additional 8,188 shares during the last quarter. Royal Fund Management LLC boosted its position in Freeport-McMoRan by 8.5% in the 3rd quarter. Royal Fund Management LLC now owns 17,942 shares of the natural resource company's stock valued at $1,256,000 after buying an additional 1,400 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Freeport-McMoRan by 2.1% during the third quarter. Brookstone Capital Management now owns 58,448 shares of the natural resource company's stock valued at $4,091,000 after acquiring an additional 1,181 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company's stock.

Freeport-McMoRan Price Performance

FCX opened at $65.20 on Friday. The company has a 50-day moving average of $72.02 and a 200-day moving average of $66.90. The company has a market capitalization of $93.63 billion, a P/E ratio of 32.12, a PEG ratio of 0.58 and a beta of 1.39. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The company's revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts expect that Freeport-McMoRan Inc. will post 3.05 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan's dividend payout ratio (DPR) is 14.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCX. JPMorgan Chase & Co. lifted their target price on Freeport-McMoRan from $77.00 to $92.00 and gave the stock an "overweight" 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. Erste Group Bank began coverage on Freeport-McMoRan in a report on Thursday, August 27th. They set a "buy" rating on the stock. Wall Street Zen lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Sanford C. Bernstein reduced their target price on Freeport-McMoRan from $50.00 to $47.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $76.27.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Director Lydia H. Kennard sold 3,798 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Douglas N. Currault II sold 80,000 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders sold 110,398 shares of company stock valued at $8,387,271 in the last three months. Corporate insiders own 0.73% of the company's stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: FCX has delivered four consecutive earnings beats, and strong copper prices are expected to support third-quarter results despite lower sales volumes and higher costs. The earnings preview also highlights estimates for production and other operating metrics that could influence the stock beyond headline revenue and EPS. FCX to Report Q3 Earnings: What's in the Cards for the Stock?
• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for Freeport-McMoRan to $3.19 from $3.10 and maintained a Buy rating. The revised estimate is above the broader consensus of $2.99, providing a favorable analyst signal ahead of earnings.
• Positive Sentiment: HSBC reportedly assigned FCX a $77 price target ahead of the company’s October 27 results, suggesting potential upside if copper-market conditions and quarterly execution meet expectations. HSBC sets USD 77 target before October 27 results

Freeport-McMoRan Company 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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