Yousif Capital Management LLC Trims Stake in Freeport-McMoRan Inc. $FCX

Yousif Capital Management LLC trimmed its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,163 shares of the natural resource company’s stock after selling 10,114 shares during the quarter. Yousif Capital Management LLC’s holdings in Freeport-McMoRan were worth $6,831,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FCX. Vanguard Group Inc. lifted its position in shares of Freeport-McMoRan by 1.6% during the second quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company’s stock worth $5,504,754,000 after purchasing an additional 1,941,662 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Freeport-McMoRan by 3.2% in the second quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company’s stock worth $2,703,250,000 after purchasing an additional 1,926,493 shares during the last quarter. State Street Corp increased its stake in Freeport-McMoRan by 0.5% in the 2nd quarter. State Street Corp now owns 61,787,174 shares of the natural resource company’s stock worth $2,678,474,000 after buying an additional 320,514 shares during the period. Amundi lifted its holdings in Freeport-McMoRan by 28.1% during the 1st quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock valued at $1,046,280,000 after buying an additional 6,054,537 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after buying an additional 8,292,873 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

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

Freeport-McMoRan Stock Performance

FCX stock opened at $51.96 on Thursday. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $52.29. The firm has a market cap of $74.61 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The firm has a 50-day simple moving average of $43.12 and a two-hundred day simple moving average of $42.97.

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

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is currently 21.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FCX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Wednesday, October 8th. CICC Research dropped their price objective on Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating on the stock in a research note on Friday, September 26th. HSBC decreased their target price on Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein dropped their price target on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on Freeport-McMoRan from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Freeport-McMoRan currently has a consensus rating of “Buy” and an average price target of $49.49.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Wells Fargo reiterated an overweight rating and lifted its price target to $55, signaling stronger buy-side conviction and supporting upside expectations for FCX. Article Title
• Positive Sentiment: Market commentary highlights robust copper prices and a recent 27% monthly rally that underpin earnings and valuation re-assessment — a tailwind for Freeport’s revenue and margins if prices persist. Article Title
• Positive Sentiment: Coverage noting copper near $12,000/ton strengthens the commodity outlook for Freeport, supporting longer-term cash flow for its large copper expansions. Article Title
• Neutral Sentiment: Research notes and roundups (Zacks and others) explain why investors might retain FCX — highlighting strong liquidity and growth plans but also warning rising unit costs; useful context but mixed for near-term price action. Article Title
• Neutral Sentiment: Analyst previews and Q4 prediction roundups summarize expectations ahead of earnings — useful for positioning but not a direct catalyst until results. Article Title
• Negative Sentiment: Short interest jumped ~35% in December to ~28.0M shares (≈2% of shares outstanding), signaling increased bearish positioning that can pressure the stock if sentiment turns. (Short-interest ratio ~1.7 days based on average volume.)
• Negative Sentiment: Multiple securities-class-action notices and lead-plaintiff solicitations (several law firms) add legal overhang and potential liability — a clear downside risk until resolved. Article Title
• Negative Sentiment: Zacks and other research teams have trimmed Q4 and near-term FY EPS estimates, indicating analysts expect some near-term margin/volume pressure; lowered estimates are a potential headwind for short-term stock performance.

Freeport-McMoRan 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.