Rep. Gilbert Ray Cisneros, Jr. Buys Freeport-McMoRan Inc. (NYSE:FCX) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Freeport-McMoRan Inc. (NYSE:FCX). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Freeport-McMoRan stock on November 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $49.14 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.19. The company has a market cap of $70.56 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The stock’s 50-day moving average is $42.56 and its two-hundred day moving average is $42.74. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $49.64.

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

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Insider Activity

In related news, CAO Ellie L. Mikes sold 9,572 shares of the business’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 value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. The trade was a 21.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.75% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Stock has reached a fresh 52‑week high, reflecting strong momentum and bullish investor sentiment around copper fundamentals. Read More.
• Positive Sentiment: Unusual/options “whale” activity shows concentrated bullish bets, which can amplify upside intraday and signal institutional conviction. Read More.
• Positive Sentiment: Analyst commentary (BMO cited) and MarketBeat coverage point to a recovery after operational news (Grasberg closure) and higher copper prices as a multi‑quarter tailwind for earnings. Read More. • Read More.
• Positive Sentiment: Company announced a quarterly cash dividend (small yield) — supports income investors and signals free‑cash‑flow availability. (Record/ex‑dividend dates disclosed in the release)
• Neutral Sentiment: Mixed short‑term market signals: some outlets report moderately bullish intraday activity while others note mixed options sentiment — suggests short‑term volatility remains likely. Read More. • Read More.
• Neutral Sentiment: Sector commentary flagged a couple of materials names as potential Q4 downside — worth monitoring for broader sector flows, but impact on FCX is uncertain. Read More.
• Negative Sentiment: Multiple law firms have filed or issued investor alerts about securities‑fraud class actions (alleged misstatements covering Feb 15, 2022–Sept 24, 2025) and are soliciting lead plaintiffs — elevated legal overhang could pressure the stock if filings lead to a major settlement or increased litigation costs. Representative filing/notice: Read More.

Analyst Upgrades and Downgrades

FCX has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. CICC Research lowered their target price on shares of Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating for the company in a research note on Friday, September 26th. Clarkson Capital raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, November 19th. Sanford C. Bernstein cut their price target on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Finally, Citigroup raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, October 8th. Four investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $49.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCX. Callan Family Office LLC grew its position in Freeport-McMoRan by 229.9% in the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after acquiring an additional 18,803 shares in the last quarter. New York Life Investment Management LLC lifted its stake in shares of Freeport-McMoRan by 11.8% in the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock valued at $9,323,000 after purchasing an additional 22,766 shares during the last quarter. Arrow Capital Pty Ltd boosted its holdings in Freeport-McMoRan by 88.5% in the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after purchasing an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC increased its position in Freeport-McMoRan by 8.1% during the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock worth $14,373,000 after buying an additional 24,803 shares during the last quarter. Finally, Mercuria Capital Strategies LLC bought a new position in Freeport-McMoRan during the second quarter valued at about $9,970,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.