Gateway Investment Advisers LLC Sells 126,234 Shares of Freeport-McMoRan Inc. $FCX

Gateway Investment Advisers LLC lowered its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 55.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,820 shares of the natural resource company’s stock after selling 126,234 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Freeport-McMoRan were worth $3,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Callan Family Office LLC increased its position in Freeport-McMoRan by 229.9% during the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after acquiring an additional 18,803 shares during the period. New York Life Investment Management LLC boosted its holdings in Freeport-McMoRan by 11.8% in the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock valued at $9,323,000 after purchasing an additional 22,766 shares during the period. Arrow Capital Pty Ltd grew its position in shares of Freeport-McMoRan by 88.5% during the 2nd quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after purchasing an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC increased its holdings in shares of Freeport-McMoRan by 8.1% during the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock worth $14,373,000 after purchasing an additional 24,803 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Freeport-McMoRan by 5.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock worth $15,213,000 after purchasing an additional 20,586 shares during the period. Institutional investors own 80.77% of the company’s stock.

Analyst Ratings Changes

FCX has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased 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. BMO Capital Markets upped their target price on Freeport-McMoRan from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Johnson Rice reduced their target price on Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Finally, HSBC cut 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. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $49.87.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction 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 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 SEC filing for this sale provides additional information. 0.79% of the stock is owned by corporate insiders.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $51.94 on Monday. 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 Inc. has a 52 week low of $27.66 and a 52 week high of $53.76. The stock has a market capitalization of $74.58 billion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.45. The stock has a fifty day moving average of $44.55 and a 200-day moving average of $43.48.

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, beating analysts’ consensus estimates 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared 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 of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. Freeport-McMoRan’s payout ratio is 21.13%.

Freeport-McMoRan News Summary

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

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.