102,049 Freeport-McMoRan Inc. $FCX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Freeport-McMoRan Inc. (NYSE:FCX) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,126,609 shares of the natural resource company’s stock after selling 102,049 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Freeport-McMoRan worth $218,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Freeport-McMoRan during the 3rd quarter worth $26,179,000. ARQ Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan in the 3rd quarter valued at about $390,000. Vise Technologies Inc. raised its stake in shares of Freeport-McMoRan by 6.0% in the 3rd quarter. Vise Technologies Inc. now owns 100,898 shares of the natural resource company’s stock valued at $7,063,000 after purchasing an additional 5,698 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Freeport-McMoRan by 17.9% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 4,903 shares of the natural resource company’s stock valued at $343,000 after purchasing an additional 746 shares in the last quarter. Finally, Kassira Wealth Management LLC bought a new position in shares of Freeport-McMoRan during the third quarter worth about $1,073,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FCX has been the topic of a number of research analyst reports. Sanford C. Bernstein reduced their target price on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Freeport-McMoRan in a report on Thursday, September 10th. Barclays boosted their price objective on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Bank of America raised their target price on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average target price of $75.67.

Freeport-McMoRan Stock Performance

FCX opened at $62.44 on Monday. The business has a 50 day moving average price of $71.59 and a two-hundred day moving average price of $65.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The company has a market capitalization of $89.67 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.38. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Research analysts predict that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan’s payout ratio is currently 12.61%.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie Mikes sold 4,773 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at $2,520,000. This represents a 11.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director owned 122,702 shares in the company, valued at $9,706,955.22. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 102,848 shares of company stock valued at $7,911,621. Insiders own 0.73% of the company’s stock.

Freeport-McMoRan Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.