Glass Wealth Management Co LLC Purchases 10,234 Shares of Freeport-McMoRan Inc. $FCX

Glass Wealth Management Co LLC raised its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,793 shares of the natural resource company’s stock after buying an additional 10,234 shares during the quarter. Freeport-McMoRan accounts for approximately 2.4% of Glass Wealth Management Co LLC’s holdings, making the stock its 13th biggest holding. Glass Wealth Management Co LLC’s holdings in Freeport-McMoRan were worth $5,365,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Callan Family Office LLC lifted its stake 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 purchasing an additional 18,803 shares during the period. New York Life Investment Management LLC raised its holdings in shares of 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 worth $9,323,000 after buying an additional 22,766 shares in the last quarter. Arrow Capital Pty Ltd raised its holdings in shares of Freeport-McMoRan by 88.5% in the 2nd quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after buying an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Freeport-McMoRan by 8.1% during the 2nd quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock worth $14,373,000 after buying an additional 24,803 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its stake in Freeport-McMoRan by 5.7% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after buying an additional 20,586 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

More Freeport-McMoRan News

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

Insider Buying and Selling at Freeport-McMoRan

In other news, 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 completion of the sale, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’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 transaction, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on FCX. BNP Paribas Exane dropped their price objective on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. BMO Capital Markets upped their target price on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank raised shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the stock from $51.00 to $47.00 in a research note on Wednesday, November 19th. Finally, Dbs Bank cut their target price on shares of Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $49.87.

Freeport-McMoRan Trading Up 2.3%

FCX opened at $51.94 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $74.58 billion, a PE ratio of 36.57, a PEG ratio of 0.87 and a beta of 1.45. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $53.76. The firm has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $43.48.

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

Freeport-McMoRan Cuts Dividend

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