Ellsworth Advisors LLC Acquires Shares of 44,680 Freeport-McMoRan Inc. $FCX

Ellsworth Advisors LLC bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,680 shares of the natural resource company’s stock, valued at approximately $1,864,000.

Other large investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Freeport-McMoRan by 89.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock worth $761,623,000 after buying an additional 8,292,873 shares during the last quarter. Amundi grew its holdings in shares of Freeport-McMoRan by 28.1% in the first quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock valued at $1,046,280,000 after purchasing an additional 6,054,537 shares during the period. Crake Asset Management LLP increased its position in Freeport-McMoRan by 2,140.8% during the first quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company’s stock worth $224,496,000 after purchasing an additional 5,665,000 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in Freeport-McMoRan in the 2nd quarter valued at about $159,147,000. Finally, Voya Investment Management LLC grew its stake in shares of Freeport-McMoRan by 289.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after buying an additional 2,856,302 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.75% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Strong copper rally & sector momentum — Copper is testing fresh records and miners including Freeport are benefiting from higher metal prices and bullish coverage; higher copper directly boosts Freeport’s margins because it is a volume leader. Freeport-McMoRan and Miner Stocks Climb as Copper Tests Fresh Record
• Positive Sentiment: Structural demand story — Market commentary highlights AI/data-center buildout and energy transition as durable copper demand drivers, supporting a multi-year bull case for FCX given its large-scale production footprint (Grasberg, volume leverage). Gold and Silver Exploded—Now Copper May Be the Next Big Trade
• Positive Sentiment: Industry stock-picking attention — Roundups of best copper stocks name Freeport as a primary play for copper upside, which can attract flows into FCX and support multiple expansion if commodity strength persists. Best copper stocks to buy as prices continue the bull run
• Neutral Sentiment: Dividend and momentum signals — Coverage noted an upcoming $0.15 dividend and an eight‑session gain streak; these support short-term demand but don’t change the longer-term fundamentals materially. Freeport-McMoRan (NYSE:FCX) Is Due To Pay A Dividend Of $0.15
• Negative Sentiment: Multiple class-action notices and shareholder investigations — Several law firms have filed or alerted investors about securities class actions against Freeport covering Feb 2022–Sep 2025; that raises litigation risk, potential legal costs and investor uncertainty. FCX LAWSUIT ALERT: Levi & Korsinsky Notifies Freeport-McMoRan Inc. Investors… DEADLINE ALERT for FCX…
• Negative Sentiment: Additional law-firm notices piling up — More firms (Faruqi, Bronstein Gewirtz, Newsfile/PR notices) are publicizing the same litigation window and lead-plaintiff deadlines, increasing headline flow and potential selling pressure from concerned holders. SHAREHOLDER ALERT: Faruqi & Faruqi Investigates Claims…
• Negative Sentiment: Analyst estimate cuts & rising short interest — Zacks trimmed earnings estimates and short interest jumped ~35% in December, which can amplify volatility and pressure shares if sentiment turns. Zacks Research Cuts Earnings Estimates for Freeport-McMoRan

Freeport-McMoRan Trading Up 2.2%

Shares of FCX stock opened at $53.07 on Friday. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $53.77. The company has a 50 day moving average price of $43.56 and a 200 day moving average price of $43.10. The stock has a market capitalization of $76.20 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. Equities research analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio (DPR) is 21.13%.

Analyst Ratings Changes

FCX has been the topic of several analyst reports. Johnson Rice reduced their price target on shares of Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. HSBC reduced their target price on Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Scotiabank upgraded Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and lowered their price target for the stock from $51.00 to $47.00 in a report on Wednesday, November 19th. CICC Research cut their price objective on Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating for the company in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Freeport-McMoRan currently has an average rating of “Buy” and a consensus target price of $49.49.

About Freeport-McMoRan

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.