Krilogy Financial LLC Raises Holdings in Freeport-McMoRan Inc. $FCX

Krilogy Financial LLC raised its position in Freeport-McMoRan Inc. (NYSE:FCX) by 84.6% during the third quarter, HoldingsChannel reports. The firm owned 25,643 shares of the natural resource company’s stock after purchasing an additional 11,752 shares during the period. Krilogy Financial LLC’s holdings in Freeport-McMoRan were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC boosted its stake in Freeport-McMoRan by 8.0% during the third quarter. Great Lakes Advisors LLC now owns 1,551,258 shares of the natural resource company’s stock worth $60,840,000 after buying an additional 115,285 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of Freeport-McMoRan by 11.8% during the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after acquiring an additional 22,766 shares during the period. Summit Global Investments boosted its position in shares of Freeport-McMoRan by 278.4% during the 3rd quarter. Summit Global Investments now owns 46,157 shares of the natural resource company’s stock valued at $1,810,000 after acquiring an additional 33,959 shares during the last quarter. Arrow Capital Pty Ltd boosted its position in shares of Freeport-McMoRan by 88.5% during the 2nd quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock valued at $4,903,000 after acquiring an additional 53,100 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of Freeport-McMoRan by 5.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after purchasing an additional 20,586 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Stifel Nicolaus raised its price target on FCX to $76 and kept a “buy” rating, signaling fresh analyst conviction and upside potential that can support the stock. Read More.
• Positive Sentiment: Zacks highlights that recent upward revisions to Freeport’s earnings estimates (surging estimates) create near‑term upside potential and help justify higher multiples. Read More.
• Positive Sentiment: Zacks also profiles FCX as a momentum/long‑term idea — increased coverage and momentum narratives can attract flows into the shares. Read More.
• Neutral Sentiment: Commentary asks whether it’s “too late” to buy after a large one‑year rally — useful for framing risk/reward but not a direct catalyst. Read More.
• Negative Sentiment: Zacks reports Grasberg setbacks led to a sharp Q4 volume decline, cutting copper and gold sales despite higher realized prices — an operational headwind that can pressure near‑term revenue and investor sentiment. Read More.
• Negative Sentiment: Chairman Richard Adkerson sold large blocks over Feb. 10–11 (combined millions of dollars), which can sap sentiment and raise short‑term selling pressure. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.84M) on Feb. 11; while insiders still hold sizable stakes, the sales add to near‑term supply concerns. Read More.

Analyst Ratings Changes

A number of equities analysts have commented on FCX shares. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $53.50 to $54.00 in a research note on Friday, January 23rd. BNP Paribas Exane reduced their price target 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. Raymond James Financial upped their price objective on Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Stifel Nicolaus raised their target price on Freeport-McMoRan from $52.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their target price on Freeport-McMoRan from $55.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Freeport-McMoRan presently has an average rating of “Moderate Buy” and a consensus target price of $59.35.

Freeport-McMoRan Stock Down 5.3%

Freeport-McMoRan stock opened at $62.01 on Friday. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $69.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The firm has a 50 day moving average price of $55.59 and a 200 day moving average price of $46.68. The company has a market capitalization of $89.03 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47.

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

Freeport-McMoRan Cuts Dividend

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

Insider Transactions at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Douglas N. Currault II sold 75,000 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the transaction, the executive vice president owned 219,181 shares of the company’s stock, valued at $14,141,558.12. This trade represents a 25.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 513,986 shares of company stock valued at $32,124,432. 0.75% of the stock is owned by insiders.

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.