Lebenthal Global Advisors LLC Has $946,000 Holdings in Freeport-McMoRan Inc. $FCX

Lebenthal Global Advisors LLC grew its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 81.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,109 shares of the natural resource company’s stock after buying an additional 10,855 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Freeport-McMoRan were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FCX. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Freeport-McMoRan during the 3rd quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan in the 2nd quarter valued at $28,000. Salomon & Ludwin LLC boosted its holdings in Freeport-McMoRan by 1,962.9% in the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Freeport-McMoRan during the third quarter worth $36,000. Finally, Proffitt & Goodson Inc. increased its position in Freeport-McMoRan by 39.8% during the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FCX shares. JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Citigroup raised their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Raymond James Financial upped their target price on Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. CICC Research increased their price target on Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $58.40.

Freeport-McMoRan Stock Down 7.6%

Shares of FCX stock opened at $60.20 on Friday. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $69.44. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $86.44 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.45. The stock has a 50 day moving average of $52.04 and a 200-day moving average of $45.59.

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

Freeport-McMoRan Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders 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 dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is presently 19.87%.

Insider Activity

In related news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was 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 $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.75% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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

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.