Fox Run Management L.L.C. Acquires Shares of 50,633 Freeport-McMoRan Inc. $FCX

Fox Run Management L.L.C. bought a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,633 shares of the natural resource company’s stock, valued at approximately $1,986,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new position in Freeport-McMoRan in the third quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Freeport-McMoRan during the 2nd quarter worth $28,000. Salomon & Ludwin LLC boosted its holdings in shares of Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Freeport-McMoRan during the third quarter valued at about $36,000. Finally, Proffitt & Goodson Inc. increased its holdings 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. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Analysts Set New Price Targets

FCX has been the topic of a number of research analyst reports. BNP Paribas Exane boosted their target price on shares of Freeport-McMoRan from $56.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on Freeport-McMoRan from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. UBS Group boosted their target price on Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Raymond James Financial increased their price target on Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.73.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total value of $4,839,000.00. Following the sale, the executive vice president directly owned 219,181 shares in the company, valued at $14,141,558.12. This represents a 25.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the completion of the transaction, the chief accounting officer directly owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. The trade was a 27.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 603,140 shares of company stock valued at $37,660,139. Company insiders own 0.79% of the company’s stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Copper and base metals rallied as Chinese traders returned to the market, supporting higher commodity prices that directly benefit Freeport’s revenue outlook. Copper leads base metals higher as Chinese traders return
• Positive Sentiment: Freedom Capital upgraded FCX from “hold” to “strong-buy” (reported via Zacks), which can prompt buying from momentum and thematic investors. Zacks.com
• Neutral Sentiment: Comparative coverage (Yahoo Finance and Zacks) weighs Freeport vs. Southern Copper (SCCO), noting both miners are exposed to copper price swings but are advancing major projects funded by strong cash flows — helpful context for longer-term investors but not an immediate catalyst. FCX vs. SCCO: Which Copper Mining Giant Should You Bet on Now? FCX vs. SCCO: Which Copper Mining Giant Should You Bet on Now?
• Neutral Sentiment: Freeport presented at the BMO Global Metals, Mining & Critical Minerals conference (transcript available). Management commentary can influence sentiment if it updates guidance or project timelines, but the transcript alone is informational. Freeport-McMoRan Inc. (FCX) Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript
• Negative Sentiment: CAO Stephen T. Higgins sold 29,654 shares at ~$63 each (filed with the SEC), trimming his holdings by ~28%. Insider sales can be interpreted negatively by some investors even when routine. SEC filing: Insider Sale
• Negative Sentiment: MarketBeat highlighted insider selling across several stocks including Freeport, framing these sales as part of broader insider exits after strong rallies — a potential psychological headwind for the shares. Why Are Amphenol, Royal Caribbean, and Freeport Insiders Selling? (FCX)

Freeport-McMoRan Trading Up 3.5%

NYSE:FCX opened at $67.85 on Wednesday. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $69.44. The stock’s fifty day moving average price is $58.34 and its two-hundred day moving average price is $48.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The company has a market cap of $97.51 billion, a P/E ratio of 44.93, a P/E/G ratio of 0.72 and a beta of 1.47.

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

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

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.