Adams Diversified Equity Fund Inc. Buys 12,200 Shares of Freeport-McMoRan Inc. $FCX

Adams Diversified Equity Fund Inc. lifted its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,400 shares of the natural resource company’s stock after purchasing an additional 12,200 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Freeport-McMoRan were worth $7,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after acquiring an additional 2,882 shares in the last quarter. Bison Wealth LLC raised its position in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after acquiring an additional 507 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Freeport-McMoRan by 1.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 51,477 shares of the natural resource company’s stock valued at $1,949,000 after purchasing an additional 503 shares during the period. Ascent Group LLC bought a new stake in shares of Freeport-McMoRan during the first quarter valued at approximately $374,000. Finally, Peloton Wealth Strategists boosted its position in shares of Freeport-McMoRan by 149.0% during the first quarter. Peloton Wealth Strategists now owns 74,875 shares of the natural resource company’s stock valued at $2,835,000 after purchasing an additional 44,800 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Price Performance

FCX opened at $56.07 on Wednesday. The firm has a market cap of $80.52 billion, a PE ratio of 39.49, a P/E/G ratio of 0.92 and a beta of 1.45. The stock has a 50-day moving average price of $45.12 and a 200-day moving average price of $43.68. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $57.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.19.

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. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. Freeport-McMoRan’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. Sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given 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 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 21.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank upgraded 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 report on Wednesday, November 19th. Citigroup raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $53.00 price target on shares of Freeport-McMoRan in a research report on Monday, December 15th. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, November 19th. Finally, Johnson Rice cut their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $50.49.

More Freeport-McMoRan News

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

• Positive Sentiment: Analyst upgrade / earnings outlook — Jefferies updated models after Freeport’s provisional Q4 disclosure and expects fourth‑quarter results to beat consensus on stronger realized copper and gold prices, supporting upside to EPS estimates. Freeport EPS expected to outperform as Grasberg ramp-up delayed
• Positive Sentiment: Unusually large call buying — Tuesday’s options flow showed ~101,726 calls traded (≈29% above average), signalling sizable bullish bets that can amplify intraday upside and momentum in the equity.
• Positive Sentiment: Momentum / technicals — reports that FCX hit a 52‑week high are attracting momentum buyers and algorithmic flows, which can push the stock higher near key technical levels. Freeport McMoRan stock hits 52-week high
• Negative Sentiment: Widespread class‑action notices — multiple law firms have filed or announced securities‑class actions covering purchases from Feb 15, 2022 through Sept 24, 2025 and are soliciting lead‑plaintiff motions with a Jan 12 deadline; this creates potential litigation risk, headline volatility and possible settlement exposure. INVESTOR DEADLINE NEXT WEEK: Robbins Geller…
• Negative Sentiment: Allegations & investigation risk — at least one firm (Kuehn Law) flags claims that Freeport misrepresented safety controls at the Grasberg block‑cave mine and failed to disclose heightened regulatory, litigation and reputational risks; such allegations can prolong legal pressure and spur additional regulatory scrutiny. Kuehn Law Encourages Investors…

Insider Buying and Selling

In other news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was 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 $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.79% of the stock is owned by insiders.

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.