Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Takes Position in Freeport-McMoRan Inc. $FCX

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the 3rd quarter, Holdings Channel reports. The fund purchased 501,000 shares of the natural resource company’s stock, valued at approximately $19,649,000. Freeport-McMoRan accounts for about 6.9% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after purchasing an additional 8,292,873 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in shares of Freeport-McMoRan in the second quarter worth $159,147,000. Crake Asset Management LLP boosted its position in shares of Freeport-McMoRan by 60.6% during the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after acquiring an additional 3,593,050 shares during the last quarter. Voya Investment Management LLC lifted its position in 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 worth $150,781,000 after buying an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Freeport-McMoRan by 205.0% in the second quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after purchasing an additional 2,813,845 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: HSBC raised its price target on FCX to $69 and maintained a Buy rating, providing authoritative analyst support that likely lifted investor sentiment. HSBC adjusts price target on Freeport‑McMoRan to $69 from $48; maintains Buy rating
• Positive Sentiment: High‑profile media bullishness: Jim Cramer said Freeport will capture its “fair share” of incoming cash flows, which can drive short‑term retail buying interest. Jim Cramer says Freeport‑McMoRan will get its fair share of money coming in
• Positive Sentiment: Macro copper narrative remains supportive: Forbes and other pieces note a copper rally and market attention on the metal, a tailwind for FCX’s revenue and project economics. Copper Is Sending A Message — Markets Are Finally Listening (Forbes)
• Positive Sentiment: Analyst coverage comparing FCX vs. BHP highlights both companies benefiting from firm copper prices and growth projects, reinforcing investor confidence in Freeport’s long‑term cash flow profile. FCX vs. BHP: Which Copper Mining Giant Should You Invest in Now? (Zacks)
• Neutral Sentiment: Market positioning ahead of Q4 earnings: Pre‑earnings pieces (Schaeffer’s, Zacks) note a rally into the report due Thursday — this raises the chance of volatility around results but also explains buying interest now. Copper Mining Stock Rallying Ahead of Earnings (Schaeffer’s)
• Neutral Sentiment: Practical trade ideas and preview notes recommend playing FCX for higher realized copper prices but flag cost/volume risks; these pieces are informational but not definitive catalysts. Here’s How to Play Freeport‑McMoRan Stock Before Q4 Earnings Release (Zacks)
• Neutral Sentiment: Unrelated small‑cap mining items (C3 Metals financing and drill results) appeared in the news feed but do not directly affect FCX fundamentals. C3 Metals Announces $20 Million Bought Deal Private Placement
• Negative Sentiment: Kuehn Law has opened an investigation into Freeport officers/directors for potential fiduciary breaches — a legal/cloud risk that can weigh on sentiment if it escalates. Kuehn Law Encourages Investors of Freeport‑McMoRan Inc. to Contact Law Firm

Freeport-McMoRan Stock Up 0.9%

Shares of FCX opened at $60.61 on Thursday. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $62.13. The stock has a market capitalization of $87.03 billion, a PE ratio of 42.68, a P/E/G ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The company’s 50-day simple moving average is $49.00 and its 200-day simple moving average is $44.81.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is 21.13%.

Insiders Place Their Bets

In other news, CAO Stephen T. Higgins sold 28,423 shares of the business’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 owned 105,294 shares of the company’s stock, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on FCX. BMO Capital Markets raised their target price on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Sanford C. Bernstein lowered their target price on shares of Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Royal Bank Of Canada cut their price target on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 1st. HSBC lifted their price objective on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BNP Paribas Exane reduced their target price on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $55.30.

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.