Bank Pictet & Cie Europe AG Has $19.56 Million Stock Position in Freeport-McMoRan Inc. $FCX

Bank Pictet & Cie Europe AG reduced its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 498,811 shares of the natural resource company’s stock after selling 28,409 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Freeport-McMoRan were worth $19,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Freeport-McMoRan by 89.4% in 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 acquiring an additional 8,292,873 shares during the last quarter. Crake Asset Management LLP grew its holdings in shares of Freeport-McMoRan by 2,140.8% during the 1st quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company’s stock valued at $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 during the 2nd quarter worth approximately $159,147,000. Voya Investment Management LLC lifted its stake in 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 purchasing an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Freeport-McMoRan by 205.0% in the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock valued at $181,490,000 after purchasing an additional 2,813,845 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $50.79 on Friday. The company has a market capitalization of $72.93 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.15 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $53.76. The stock has a fifty day simple moving average of $44.34 and a 200 day simple moving average of $43.38.

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

Freeport-McMoRan Cuts Dividend

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

Key Stores 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

Insider Buying and Selling

In other news, CAO Stephen T. Higgins sold 28,423 shares of the company’s 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 of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FCX shares. BMO Capital Markets boosted their target price on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Johnson Rice cut their price objective on Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group increased their target price on Freeport-McMoRan from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Citigroup raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, October 8th. 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 stock. According to MarketBeat, Freeport-McMoRan currently has a consensus rating of “Buy” and a consensus price target of $49.87.

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.