New York State Teachers Retirement System Has $42.19 Million Position in Freeport-McMoRan Inc. $FCX

New York State Teachers Retirement System boosted its position in Freeport-McMoRan Inc. (NYSE:FCX) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,075,625 shares of the natural resource company’s stock after purchasing an additional 21,898 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Freeport-McMoRan worth $42,186,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position 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 valued at $761,623,000 after acquiring an additional 8,292,873 shares during the period. Mizuho Markets Cayman LP acquired a new stake in Freeport-McMoRan in the 2nd quarter worth about $159,147,000. Crake Asset Management LLP boosted its holdings in Freeport-McMoRan by 60.6% in the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC grew its position in shares of Freeport-McMoRan by 289.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after purchasing an additional 2,856,302 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after purchasing an additional 2,813,845 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were 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. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’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 transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This trade represents 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 corporate insiders.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Analyst upgrades and higher price targets from major banks (Scotiabank raised its target to $63; JPMorgan raised to $68) signal stronger analyst conviction and provide upside support for the stock. Scotiabank price target raised
• Positive Sentiment: Independent research and media pieces (Zacks, MSN/other outlets) highlight strong copper markets, supply tightness and robust demand as drivers for FCX’s growth outlook. Those narratives bolster investor enthusiasm for mining/copper exposure. Zacks: FCX is a strong growth stock
• Positive Sentiment: Options activity: notable call buying and heavy call-volume flows have been reported recently, consistent with bullish positioning by traders. Such flows can amplify short‑term upside. Call options activity reported
• Neutral Sentiment: Consensus broker ratings skew positive (overall “Buy”), reflecting broad analyst support but also setting expectations that could be sensitive to execution or commodity price moves. Consensus Buy from brokerages
• Negative Sentiment: Multiple law firms have filed or announced securities‑fraud class action suits and investor investigation notices against FCX (claims cover Feb 15, 2022–Sep 24, 2025). These filings create legal risk, potential defense costs and distraction that can weigh on sentiment. Levi & Korsinsky class action notice
• Negative Sentiment: Several plaintiff firms (Robbins Geller, Bragar Eagel & Squire, Faruqi & Faruqi, Kirby McInerney, Gross Law Firm, etc.) are soliciting lead‑plaintiff motions with a near‑term deadline (Jan. 12), increasing the probability of consolidated litigation and potential recovery claims. That timetable raises short‑term legal overhang. Robbins Geller / lead plaintiff deadline

Freeport-McMoRan Price Performance

Shares of FCX stock opened at $56.51 on Monday. 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 $57.12. The company has a market cap of $81.15 billion, a P/E ratio of 39.80, a P/E/G ratio of 0.73 and a beta of 1.45. The business has a fifty day simple moving average of $45.93 and a 200 day simple moving average of $43.98.

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 forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal 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 given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is currently 21.13%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FCX. Citigroup upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, October 8th. Scotiabank lifted their price objective on Freeport-McMoRan from $47.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a report on Wednesday, October 8th. UBS Group raised their price target on Freeport-McMoRan from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price objective 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $51.73.

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.