J. Safra Sarasin Holding AG Has $6.37 Million Position in Freeport-McMoRan Inc. $FCX

Key Points

• J. Safra Sarasin Holding AG raised its stake in Freeport‑McMoRan by 37.2%, owning 125,383 shares valued at about $6.37 million after buying 34,004 shares in Q4, per its latest 13F filing.
• Analysts are broadly positive—market data shows one Strong Buy, 18 Buys and 3 Holds with a consensus rating of “Moderate Buy” and a consensus target price of $62.40, with several firms recently raising targets (Jefferies to $76, HSBC to $69, Wells Fargo to $64).
• Freeport beat Q4 estimates (EPS $0.47 vs. $0.28 consensus; revenue $5.63B vs. $5.42B) and announced a quarterly dividend of $0.075 ($0.30 annual, ~0.5% yield); meanwhile insiders have sold 565,145 shares worth about $35.84M in the last 90 days (insiders own 0.79%).

J. Safra Sarasin Holding AG raised its holdings in Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,383 shares of the natural resource company's stock after acquiring an additional 34,004 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Freeport-McMoRan were worth $6,368,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Freeport-McMoRan in the 3rd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan during the second quarter worth $28,000. Salomon & Ludwin LLC grew its stake in shares of Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company's stock worth $29,000 after purchasing an additional 687 shares during the period. JPL Wealth Management LLC bought a new stake in Freeport-McMoRan in the third quarter valued at about $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Freeport-McMoRan in the third quarter valued at about $36,000. Institutional investors and hedge funds own 80.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FCX. Jefferies Financial Group raised their target price on Freeport-McMoRan from $68.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Morgan Stanley set a $70.00 price target on Freeport-McMoRan in a research note on Tuesday, January 27th. Wells Fargo & Company increased their price target on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, January 13th. HSBC lifted their price objective on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. Finally, CICC Research boosted their price objective on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the company an "outperform" rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.40.

Insider Activity

In other news, CAO Ellie L. Mikes sold 11,000 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the transaction, the chief accounting officer owned 40,773 shares in the company, valued at $2,529,149.19. This represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the sale, the executive vice president directly owned 219,181 shares of the company's stock, valued at $14,141,558.12. This represents a 25.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 565,145 shares of company stock worth $35,839,918. Corporate insiders own 0.79% of the company's stock.

Freeport-McMoRan Stock Performance

FCX stock opened at $58.85 on Wednesday. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.75. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $84.57 billion, a PE ratio of 38.97, a P/E/G ratio of 0.64 and a beta of 1.41. The business's 50-day moving average price is $61.23 and its two-hundred day moving average price is $50.88.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan's dividend payout ratio is presently 19.87%.

Freeport-McMoRan Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

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