Freeport-McMoRan Inc. $FCX Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 348.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,500 shares of the natural resource company’s stock after buying an additional 40,800 shares during the quarter. Intact Investment Management Inc.’s holdings in Freeport-McMoRan were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. acquired a new stake in Freeport-McMoRan in the third quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Freeport-McMoRan in the 2nd quarter worth $28,000. Salomon & Ludwin LLC lifted its holdings in shares of Freeport-McMoRan by 1,962.9% in the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after buying an additional 687 shares during the period. Beacon Capital Management LLC boosted its stake in Freeport-McMoRan by 59.6% during the second quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company’s stock valued at $38,000 after buying an additional 327 shares in the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in Freeport-McMoRan by 39.8% during the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock valued at $38,000 after buying an additional 278 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FCX shares. Scotiabank upped their price target on shares of Freeport-McMoRan from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Monday. CICC Research raised their target price on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a report on Monday. Raymond James Financial lifted their price target on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Jefferies Financial Group reiterated a “buy” rating and set a $68.00 price objective on shares of Freeport-McMoRan in a research report on Monday, January 5th. Finally, HSBC raised their price objective on Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and an average target price of $57.59.

Freeport-McMoRan Price Performance

Shares of FCX opened at $61.21 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $63.58. The firm’s 50 day moving average price is $50.22 and its 200 day moving average price is $45.10. The firm has a market cap of $87.89 billion, a PE ratio of 40.54, a PEG ratio of 0.71 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 19.87%.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Scotiabank raised its price target to $70 (from $63) and kept an “outperform” rating, signaling institutional conviction for further upside. Scotiabank raises PT to $70
• Positive Sentiment: CICC Research raised its target to $64.40 (from $50.40) and maintained an “outperform” rating, adding incremental analyst support to the rally. CICC raises PT to $64.40
• Positive Sentiment: JPMorgan reiterated an Overweight/Overweight-equivalent stance, keeping a large sell‑side name in the bullish camp—supportive for fund flows and relative sentiment. JPMorgan maintains Overweight
• Positive Sentiment: FCX reported better‑than‑expected Q4 results (adjusted EPS $0.47 vs. $0.28 consensus; revenue beat), which is the immediate fundamental catalyst underpinning the move. Trading up after earnings beat
• Neutral Sentiment: Benzinga’s options‑market analysis shows increased options activity around FCX, indicating traders are positioning for continued movement; heightened options flow can amplify short‑term momentum but also implies elevated volatility. Options market analysis
• Neutral Sentiment: MarketBeat’s deep dive notes the stock has rebounded strongly (roughly a 70% recovery since the Sept. selloff) and that Grasberg’s staged reopening and 2026 production guidance underpin longer‑term upside; however, much of that improvement is already priced in, so forward returns depend heavily on metals prices.
• Negative Sentiment: Key risk: copper and gold price direction. Analysts diverge on near‑term copper forecasts and FCX’s cash flow is highly sensitive to small copper moves (company comment: ~$335M operating cash‑flow swing per $0.10/lb). If metals soften, FCX’s strong rally could reverse. (MarketBeat and industry reports cited differing copper outlooks.)

Insider Activity

In other news, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The stock was 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction that occurred 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 directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.79% of the company’s stock.

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.