Federated Hermes Inc. Has $11.24 Million Stake in Freeport-McMoRan Inc. $FCX

Federated Hermes Inc. reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,654 shares of the natural resource company’s stock after selling 57,784 shares during the period. Federated Hermes Inc.’s holdings in Freeport-McMoRan were worth $11,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of 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 bought a new position in Freeport-McMoRan during the 2nd quarter worth approximately $159,147,000. Crake Asset Management LLP lifted its position 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 boosted its stake in shares of Freeport-McMoRan by 289.0% in 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 boosted its stake in shares of Freeport-McMoRan by 205.0% in 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 purchasing an additional 2,813,845 shares during the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. This represents a 21.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’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 completion of 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 0.75% of the company’s stock.

Freeport-McMoRan Stock Down 7.6%

FCX stock opened at $60.20 on Friday. The stock’s 50 day simple moving average is $52.04 and its 200 day simple moving average is $45.59. The company has a market cap of $86.44 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.45. 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 fifty-two week low of $27.66 and a fifty-two week high of $69.44.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

More Freeport-McMoRan News

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

• Positive Sentiment: Q4 earnings beat — Freeport reported adjusted EPS of $0.47, well above expectations, and solid revenue that confirmed margin leverage to higher copper prices. Inside Freeport’s Latest Earnings
• Positive Sentiment: Copper price rally — Supply disruptions in South America, China stimulus and accelerating EV/renewables demand are pushing copper higher, which benefits pure‑play producers like Freeport. 3 Top Copper Stocks to Watch as Copper Prices Skyrocket: BHP, FCX, SCCO
• Positive Sentiment: Structural demand theme — Analysts and market research highlight an AI‑driven scarcity premium for copper, reinforcing a multi‑year bull case for miners. Digging Into Demand: Copper’s Scarcity Premium Is Rising
• Positive Sentiment: Valuation upside flagged — A valuation piece suggests intrinsic value materially above current share price, supporting longer‑term upside. Freeport-McMoRan Inc.’s (NYSE:FCX) Intrinsic Value Is Potentially 74% Above Its Share Price
• Positive Sentiment: Unusually large call activity — Traders bought ~175k call contracts, signaling bullish positioning or hedged speculation that can amplify moves higher if sentiment flips.
• Neutral Sentiment: Analyst commentary roundup — Market notes and analyst insights on Freeport and peers provide mixed views on cost structure, growth projects and commodity exposure. Analysts Offer Insights on Materials Companies: Freeport-McMoRan (FCX) and Albemarle (ALB)
• Negative Sentiment: Operational uncertainty at Grasberg — Ongoing restart plans and recent disruptions keep production risk on the table, a headline risk that can trigger volatility. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Negative Sentiment: Profit‑taking and technical selling — After hitting all‑time highs, the stock drew selling pressure and high intraday volume, which can magnify a pullback even with positive fundamentals. Freeport McMoRan stock hits all-time high at 68.94 USD

Analysts Set New Price Targets

Several research firms recently issued reports on FCX. BNP Paribas Exane dropped their target price on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Morgan Stanley set a $70.00 target price on Freeport-McMoRan in a research report on Tuesday. Wall Street Zen raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Hsbc Global Res raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $58.40.

Freeport-McMoRan Company 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.