Canal Insurance CO Has $7.84 Million Holdings in Freeport-McMoRan Inc. $FCX

Canal Insurance CO grew its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the natural resource company’s stock after purchasing an additional 30,000 shares during the period. Freeport-McMoRan comprises 1.7% of Canal Insurance CO’s portfolio, making the stock its 20th largest holding. Canal Insurance CO’s holdings in Freeport-McMoRan were worth $7,844,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FCX. Exencial Wealth Advisors LLC lifted its stake in Freeport-McMoRan by 34.3% in the third quarter. Exencial Wealth Advisors LLC now owns 8,192 shares of the natural resource company’s stock valued at $321,000 after acquiring an additional 2,093 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Freeport-McMoRan by 66.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 80,240 shares of the natural resource company’s stock valued at $3,147,000 after purchasing an additional 32,152 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Freeport-McMoRan by 6.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 15,112 shares of the natural resource company’s stock valued at $593,000 after purchasing an additional 873 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Freeport-McMoRan in the 3rd quarter valued at $120,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Freeport-McMoRan by 3.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 53,360 shares of the natural resource company’s stock worth $2,093,000 after purchasing an additional 1,580 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Key Freeport-McMoRan News

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

• Positive Sentiment: BofA highlighted the red‑hot metals sector and named its top picks, boosting sentiment for copper/metal producers like Freeport as investors chase exposure to higher metal prices and sector leadership. BofA details its top 3 stock picks in the red-hot metals sector
• Positive Sentiment: Coverage noting “what lifted Freeport” points to recent fundamentals and market drivers (commodity price strength, production outlook, and capital returns) that support the rally in FCX shares. Here’s what lifted Freeport McMoRan (FCX)
• Neutral Sentiment: Zacks flagged FCX as attracting user interest — a sign of heightened retail & analyst attention that can amplify moves but doesn’t by itself change fundamentals; watch flows and options activity for momentum signals. Freeport‑McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Industry‑adjacent item: a small‑cap explorer (C3 Metals) restarted activities in Jamaica — not material to Freeport’s operations but part of broader mining‑sector newsflow that can influence sentiment toward miners. C3 Metals Restarts Full Exploration Activities in Jamaica
• Negative Sentiment: Multiple securities‑law firms issued reminders about pending class‑action litigation and lead‑plaintiff deadlines for Freeport (alleged misstatements covering 2/15/2022–9/24/2025). These filings raise legal/settlement risk and can pressure sentiment and valuation until resolved. Sources: Faruqi & Faruqi, Frank R. Cruz, and Schall Law Firm reminders. FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Reminds Freeport‑McMoran Investors DEADLINE ALERT — Frank R. Cruz Schall Law Firm reminder

Freeport-McMoRan Stock Performance

FCX opened at $59.33 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $46.68 and its two-hundred day moving average price is $44.18. The firm has a market capitalization of $85.19 billion, a P/E ratio of 41.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $60.09.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share 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 during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the prior year, the business earned $0.38 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 21.13%.

Insider Activity

In other news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were 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 in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FCX. Clarkson Capital upgraded Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, November 19th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. BMO Capital Markets raised their price objective on Freeport-McMoRan from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. HSBC decreased their target price on Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, CICC Research lowered their price target on Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating on the stock in a report on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $53.06.

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.