Bourgeon Capital Management LLC Grows Holdings in Freeport-McMoRan Inc. $FCX

Bourgeon Capital Management LLC grew its position in Freeport-McMoRan Inc. (NYSE:FCX) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,604 shares of the natural resource company’s stock after purchasing an additional 14,055 shares during the quarter. Freeport-McMoRan makes up about 2.4% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Bourgeon Capital Management LLC’s holdings in Freeport-McMoRan were worth $13,555,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Freeport-McMoRan during the 2nd quarter valued at approximately $28,000. Salomon & Ludwin LLC boosted its stake in Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after buying an additional 687 shares during the last quarter. Beacon Capital Management LLC grew its holdings in Freeport-McMoRan by 59.6% during the 2nd quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company’s stock valued at $38,000 after buying an additional 327 shares in the last quarter. West Branch Capital LLC bought a new stake in Freeport-McMoRan in the 3rd quarter worth approximately $39,000. Finally, CKW Financial Group bought a new stake in Freeport-McMoRan in the 1st quarter worth approximately $40,000. Institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FCX shares. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, November 19th. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. BNP Paribas Exane decreased their target price on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. CICC Research dropped their price target 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, BMO Capital Markets boosted their price objective on Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $49.87.

Freeport-McMoRan Trading Up 2.3%

Shares of NYSE FCX opened at $51.94 on Friday. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The company has a market cap of $74.58 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 0.86 and a beta of 1.45. The business’s 50 day moving average price is $44.55 and its 200-day moving average price is $43.45.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data 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. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the prior year, the company posted $0.38 EPS. Freeport-McMoRan’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 21.13%.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’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 transaction, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by insiders.

Key Stores Impacting Freeport-McMoRan

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

• Positive Sentiment: Raymond James analyst bullish call — A Raymond James note reported by AmericanBankingNews says FCX’s stock price is expected to rise, providing a near‑term fundamental/consensus positive catalyst for the share move today. Article Title
• Neutral Sentiment: Market/technical update — AmericanBankingNews ran a piece on recent share weakness and outlook (shares had traded down in a prior session), which may reflect short‑term volatility and differing analyst views rather than a change in underlying commodity fundamentals. Article Title
• Negative Sentiment: Multiple securities‑class action notices and lead‑plaintiff deadlines — Several law firms (Rosen Law Firm, Robbins Geller Rudman & Dowd, Faruqi & Faruqi, Levi & Korsinsky, Schall Law, Howard G. Smith, etc.) have issued notices seeking lead plaintiffs in a class action alleging securities claims covering Feb. 15, 2022–Sept. 24, 2025; the lead‑plaintiff filing deadline is Jan. 12, 2026. This cluster of litigation notices increases legal and reputational risk and could lead to future expense or settlement exposure that would be negative for FCX’s valuation. Article Title

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.