Westerkirk Capital Inc. Buys New Shares in Freeport-McMoRan Inc. $FCX

Westerkirk Capital Inc. acquired a new position in Freeport-McMoRan Inc. (NYSE:FCX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,531 shares of the natural resource company’s stock, valued at approximately $884,000.

A number of other large investors have also recently bought and sold shares of FCX. Portside Wealth Group LLC lifted its stake in Freeport-McMoRan by 0.8% during the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock valued at $1,315,000 after acquiring an additional 245 shares during the period. Hollencrest Capital Management raised its holdings in shares of Freeport-McMoRan by 0.6% during the second quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after purchasing an additional 250 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Freeport-McMoRan by 0.6% during the third quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock valued at $1,769,000 after purchasing an additional 250 shares during the period. Waterloo Capital L.P. boosted its holdings in Freeport-McMoRan by 3.9% in the second quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after purchasing an additional 251 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in Freeport-McMoRan by 3.1% in the third quarter. Transcend Capital Advisors LLC now owns 8,491 shares of the natural resource company’s stock valued at $333,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Chairman Richard C. Adkerson sold 248,031 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total transaction of $15,576,346.80. Following the completion of the transaction, the chairman owned 3,509,119 shares of the company’s stock, valued at $220,372,673.20. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the sale, the chief accounting officer directly owned 40,773 shares in the company, valued at $2,529,149.19. This represents a 21.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 573,486 shares of company stock worth $35,791,937 in the last three months. 0.75% of the stock is owned by corporate insiders.

Freeport-McMoRan Trading Up 2.8%

Shares of FCX stock opened at $64.34 on Friday. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.44. The company has a market cap of $92.38 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 0.70 and a beta of 1.47. 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 stock has a 50 day simple moving average of $57.58 and a 200-day simple moving average of $47.64.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly 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 company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is 19.87%.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport reached a Memorandum of Understanding with the Indonesian government to amend PT Freeport Indonesia’s special mining business license (IUPK) for a life‑of‑resource extension of operating rights — this materially reduces tenure/regulatory risk at Grasberg, bolsters the long‑term copper production and cash‑flow story, and is the main catalyst lifting sentiment. FCX Announces Agreement for Life of Resource Extension
• Positive Sentiment: Scotiabank raised its price target on FCX from $70 to $72 and kept an outperform rating — another broker lift that supports upside expectations and can attract buyer flows. Scotiabank PT raise
• Neutral Sentiment: Market and industry write‑ups are rotating capital into copper amid rising demand for wiring/infrastructure tied to AI and electrification; these macro narratives support commodity price tailwinds but benefit multiple miners, not just FCX. Copper demand/sector rotation
• Neutral Sentiment: Coverage and valuation pieces (Yahoo Finance, Zacks, Seeking Alpha) are re‑pricing FCX on the new Grasberg assumptions and stronger copper outlook — helpful context for investors but not a direct catalyst. Narrative shift article
• Negative Sentiment: Senior insiders sold stock this week: CFO Maree Robertson (48,500 shares) and CAO Ellie Mikes (11,000 shares) — sizable filings that can spook some investors even if sales are for diversification or tax planning. CFO SEC filing CAO SEC filing
• Negative Sentiment: Operational risk remains: analysts and sector commentary note the 2025 Grasberg mudflow’s lingering impact on near‑term production — delays to recovery would limit Freeport’s ability to immediately monetize stronger copper prices. Grasberg MOU and operational context

Analysts Set New Price Targets

Several analysts recently commented on FCX shares. CICC Research raised their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a report on Monday, January 26th. HSBC upped their price objective on Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. Finally, Morgan Stanley set a $70.00 price target on shares of Freeport-McMoRan in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen 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 a consensus rating of “Moderate Buy” and a consensus target price of $60.73.

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.