Freeport-McMoRan Inc. $FCX Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,354 shares of the natural resource company’s stock after purchasing an additional 19,025 shares during the quarter. Kestra Advisory Services LLC’s holdings in Freeport-McMoRan were worth $18,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Claro Advisors Inc. raised its holdings in Freeport-McMoRan by 35.9% during the 3rd quarter. Claro Advisors Inc. now owns 9,645 shares of the natural resource company’s stock valued at $675,000 after buying an additional 2,546 shares during the period. REAP Financial Group LLC purchased a new position in shares of Freeport-McMoRan during the 3rd quarter worth about $32,000. Platform Technology Partners raised its position in Freeport-McMoRan by 8.1% in the 3rd quarter. Platform Technology Partners now owns 3,652 shares of the natural resource company’s stock worth $256,000 after purchasing an additional 274 shares during the period. Capstone Wealth Management LLC boosted its position in shares of Freeport-McMoRan by 26.0% during the third quarter. Capstone Wealth Management LLC now owns 5,334 shares of the natural resource company’s stock valued at $373,000 after buying an additional 1,101 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Freeport-McMoRan by 15.6% in the third quarter. Commonwealth Equity Services LLC now owns 322,216 shares of the natural resource company’s stock worth $22,555,000 after buying an additional 43,544 shares during the period. 80.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCX has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Stifel Nicolaus boosted their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley boosted their target price on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Freeport-McMoRan in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.30.

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $59.36 on Monday. The stock has a market capitalization of $85.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.55 and a beta of 1.38. 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 firm’s 50 day simple moving average is $69.84 and its 200-day simple moving average is $65.27. Freeport-McMoRan Inc. has a 12 month low of $38.75 and a 12 month high of $80.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Freeport-McMoRan Inc. will post 3.02 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th were issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 12.61%.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
• Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

Insider Activity

In related news, EVP Douglas Currault, II sold 80,000 shares of Freeport-McMoRan stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the sale, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lydia Kennard sold 3,798 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.73% of the company’s stock.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.