D.A. Davidson & CO. Acquires 109,856 Shares of Freeport-McMoRan Inc. $FCX

D.A. Davidson & CO. grew its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 57.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,493 shares of the natural resource company’s stock after buying an additional 109,856 shares during the quarter. D.A. Davidson & CO.’s holdings in Freeport-McMoRan were worth $17,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Freeport-McMoRan in the 4th quarter worth about $25,000. Steph & Co. boosted its stake in Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 150 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Freeport-McMoRan during the 4th quarter valued at about $29,000. SHP Wealth Management bought a new stake in Freeport-McMoRan during the 4th quarter worth approximately $30,000. Finally, JPL Wealth Management LLC bought a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $33,000. 80.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FCX shares. Wall Street Zen raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Citigroup reaffirmed a “positive” rating on shares of Freeport-McMoRan in a research report on Wednesday. Morgan Stanley upped their price target on Freeport-McMoRan from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. UBS Group increased their price target on Freeport-McMoRan from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings cut Freeport-McMoRan from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.77.

Freeport-McMoRan Trading Down 4.0%

NYSE:FCX opened at $58.50 on Friday. Freeport-McMoRan Inc. has a 52 week low of $35.15 and a 52 week high of $72.28. The firm has a 50-day moving average price of $63.93 and a two-hundred day moving average price of $61.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39. The firm has a market cap of $84.10 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Freeport-McMoRan Inc. will post 2.68 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be 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 is Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 15.96%.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analysts still see FCX as having a favorable setup for its next earnings report, with expectations for earnings growth and a possible beat supported by the company’s operating leverage to copper prices. Article Title
• Positive Sentiment: Morgan Stanley raised its price target on Freeport-McMoRan to $70 from $66, which signals continued confidence in FCX’s long-term copper exposure despite keeping an Equal Weight rating. Article Title
• Neutral Sentiment: Coverage highlighted Freeport-McMoRan’s importance to mining and materials stocks, reinforcing that FCX remains a key bellwether for the sector rather than providing a new company-specific catalyst. Article Title
• Neutral Sentiment: Another article framed FCX as a test case for copper demand, suggesting investors are waiting for clearer signals on industrial demand and commodity pricing before re-rating the stock. Article Title
• Negative Sentiment: The stock declined more than the market in the latest session, reflecting pressure on investor sentiment and likely concerns about copper demand or broader resource-sector weakness. Article Title

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.