Freeport-McMoRan Inc. $FCX Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 960,877 shares of the natural resource company’s stock after buying an additional 60,049 shares during the period. Deprince Race & Zollo Inc. owned about 0.07% of Freeport-McMoRan worth $37,686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCX. Brighton Jones LLC boosted its position in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after purchasing an additional 507 shares during the period. Magnetar Financial LLC boosted its holdings in Freeport-McMoRan by 1,113.0% during the first quarter. Magnetar Financial LLC now owns 71,022 shares of the natural resource company’s stock worth $2,689,000 after buying an additional 65,167 shares in the last quarter. Vident Advisory LLC grew its position in Freeport-McMoRan by 182.4% during the first quarter. Vident Advisory LLC now owns 92,896 shares of the natural resource company’s stock valued at $3,517,000 after buying an additional 59,996 shares during the period. Finally, Palogic Value Management L.P. grew its position in Freeport-McMoRan by 16.2% during the first quarter. Palogic Value Management L.P. now owns 23,569 shares of the natural resource company’s stock valued at $892,000 after buying an additional 3,292 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the sale, the chief accounting officer 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 position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by corporate insiders.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $53.07 on Friday. The stock has a 50 day moving average of $43.56 and a two-hundred day moving average of $43.11. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $53.77. The firm has a market cap of $76.20 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly 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. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. HSBC decreased their price objective on shares of Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein reduced their price target on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Johnson Rice cut their price objective on Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. Finally, Dbs Bank reduced their target price on Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $49.49.

Freeport-McMoRan News Summary

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 Company 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.