35,972 Shares in Freeport-McMoRan Inc. $FCX Bought by Econ Financial Services Corp

Econ Financial Services Corp acquired a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,972 shares of the natural resource company’s stock, valued at approximately $1,411,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Freeport-McMoRan in the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC increased its stake in Freeport-McMoRan by 1,962.9% in the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 687 shares in the last quarter. Beacon Capital Management LLC increased its stake in Freeport-McMoRan by 59.6% in the second quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company’s stock valued at $38,000 after purchasing an additional 327 shares in the last quarter. MTM Investment Management LLC acquired a new stake in Freeport-McMoRan in the second quarter worth $43,000. Finally, West Branch Capital LLC bought a new position in shares of Freeport-McMoRan during the third quarter worth $39,000. Institutional investors own 80.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FCX. Raymond James Financial upped their price objective on shares of Freeport-McMoRan from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday. Johnson Rice lowered their price target on Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. JPMorgan Chase & Co. raised their price target on Freeport-McMoRan from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $49.87.

Insiders Place Their Bets

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the 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 transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by company insiders.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Raymond James raised its price target on FCX to $53 and maintained an “outperform” rating, signaling analyst confidence in earnings and commodity exposure. Raymond James adjusts PT on Freeport-McMoRan to $53
• Positive Sentiment: Precious‑metals strength (silver surge) can be supportive for mining equities and commodity sentiment broadly, which tends to buoy FCX as a major copper/gold producer. Silver 10x’d the S&P 500 In 2025 And Refiner Stocks Could Be Next
• Positive Sentiment: Coverage noting rallies in gold, silver and copper highlights multiple ways investors can play the commodity upswing, reinforcing demand tailwinds for FCX products. Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play It
• Neutral Sentiment: Local/regional coverage repeats national notices about the litigation deadline — adds awareness but no new company disclosures. FCX FINAL DEADLINE: ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL
• Negative Sentiment: Multiple law firms (Schall, Faruqi & Faruqi, Rosen, Glancy, The Gross Firm, Bronstein Gewirtz & Grossman) have issued class‑action/lead‑plaintiff notices for alleged securities fraud covering Feb 15, 2022–Sep 24, 2025, with a Jan 12, 2026 lead‑plaintiff deadline — creating legal exposure and an overhang on the stock. Representative notice: FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit
• Negative Sentiment: Faruqi & Faruqi reminder of the class action and lead‑plaintiff deadline emphasizes potential investor claims and attention from plaintiffs’ lawyers. Faruqi & Faruqi Announces Opportunity to Lead Class Action
• Negative Sentiment: Rosen Law Firm and other plaintiff firms’ filings increase the chance of consolidated litigation, potential discovery burdens, settlement risk and reputational damage which can pressure valuation. Example: FCX Deadline: ROSEN Law Firm lead plaintiff notice

Freeport-McMoRan Stock Down 1.2%

NYSE:FCX opened at $50.79 on Friday. The stock has a 50-day simple moving average of $44.34 and a 200 day simple moving average of $43.38. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $53.76. The company has a market cap of $72.93 billion, a PE ratio of 35.77, a PEG ratio of 1.15 and a beta of 1.45. 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 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. On average, sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS 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. Investors of record on Thursday, January 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is presently 21.13%.

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.