Aubrey Capital Management Ltd Acquires Shares of 11,800 Freeport-McMoRan Inc. $FCX

Aubrey Capital Management Ltd acquired a new position in Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,800 shares of the natural resource company’s stock, valued at approximately $441,000.

Several other hedge funds have also recently made changes to their positions in FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Freeport-McMoRan by 89.4% during 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 worth $761,623,000 after acquiring an additional 8,292,873 shares during the last quarter. Mizuho Markets Cayman LP purchased a new position in shares of Freeport-McMoRan in the 2nd quarter worth approximately $159,147,000. Crake Asset Management LLP boosted its holdings in shares of 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 worth $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC increased 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 valued at $150,781,000 after purchasing an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in 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 valued at $181,490,000 after buying an additional 2,813,845 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: HSBC raised its price target on FCX to $69 and maintained a Buy rating, providing authoritative analyst support that likely lifted investor sentiment. HSBC adjusts price target on Freeport‑McMoRan to $69 from $48; maintains Buy rating
• Positive Sentiment: High‑profile media bullishness: Jim Cramer said Freeport will capture its “fair share” of incoming cash flows, which can drive short‑term retail buying interest. Jim Cramer says Freeport‑McMoRan will get its fair share of money coming in
• Positive Sentiment: Macro copper narrative remains supportive: Forbes and other pieces note a copper rally and market attention on the metal, a tailwind for FCX’s revenue and project economics. Copper Is Sending A Message — Markets Are Finally Listening (Forbes)
• Positive Sentiment: Analyst coverage comparing FCX vs. BHP highlights both companies benefiting from firm copper prices and growth projects, reinforcing investor confidence in Freeport’s long‑term cash flow profile. FCX vs. BHP: Which Copper Mining Giant Should You Invest in Now? (Zacks)
• Neutral Sentiment: Market positioning ahead of Q4 earnings: Pre‑earnings pieces (Schaeffer’s, Zacks) note a rally into the report due Thursday — this raises the chance of volatility around results but also explains buying interest now. Copper Mining Stock Rallying Ahead of Earnings (Schaeffer’s)
• Neutral Sentiment: Practical trade ideas and preview notes recommend playing FCX for higher realized copper prices but flag cost/volume risks; these pieces are informational but not definitive catalysts. Here’s How to Play Freeport‑McMoRan Stock Before Q4 Earnings Release (Zacks)
• Neutral Sentiment: Unrelated small‑cap mining items (C3 Metals financing and drill results) appeared in the news feed but do not directly affect FCX fundamentals. C3 Metals Announces $20 Million Bought Deal Private Placement
• Negative Sentiment: Kuehn Law has opened an investigation into Freeport officers/directors for potential fiduciary breaches — a legal/cloud risk that can weigh on sentiment if it escalates. Kuehn Law Encourages Investors of Freeport‑McMoRan Inc. to Contact Law Firm

Insider Activity at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is currently owned by corporate insiders.

Freeport-McMoRan Trading Up 0.9%

Shares of NYSE FCX opened at $60.61 on Thursday. 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 business has a fifty day simple moving average of $49.00 and a two-hundred day simple moving average of $44.81. The firm has a market cap of $87.03 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $62.13.

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

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 21.13%.

Analyst Upgrades and Downgrades

FCX has been the subject of several recent analyst reports. Bank of America raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, September 30th. Johnson Rice dropped their price target on shares of Freeport-McMoRan from $55.00 to $48.00 in a research note on Monday, September 29th. Hsbc Global Res upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Dbs Bank decreased their price objective on shares of Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. Finally, Sanford C. Bernstein dropped their target price on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $55.30.

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.