QRG Capital Management Inc. Sells 20,777 Shares of Freeport-McMoRan Inc. $FCX

QRG Capital Management Inc. decreased its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 172,298 shares of the natural resource company’s stock after selling 20,777 shares during the period. QRG Capital Management Inc.’s holdings in Freeport-McMoRan were worth $6,758,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FCX. Evergreen Capital Management LLC raised its holdings in Freeport-McMoRan by 8.8% during the third quarter. Evergreen Capital Management LLC now owns 20,120 shares of the natural resource company’s stock valued at $789,000 after acquiring an additional 1,626 shares during the period. NBT Bank N A NY grew its position in shares of Freeport-McMoRan by 24.7% during the third quarter. NBT Bank N A NY now owns 12,229 shares of the natural resource company’s stock worth $480,000 after purchasing an additional 2,422 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in Freeport-McMoRan during the 3rd quarter valued at approximately $746,000. Nations Financial Group Inc. IA ADV lifted its holdings in Freeport-McMoRan by 32.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 64,231 shares of the natural resource company’s stock worth $2,519,000 after purchasing an additional 15,646 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in Freeport-McMoRan by 136.5% in the 3rd quarter. Csenge Advisory Group now owns 30,753 shares of the natural resource company’s stock worth $1,206,000 after purchasing an additional 17,747 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FCX. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. BNP Paribas Exane decreased their price target on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Scotiabank raised their price objective on Freeport-McMoRan from $47.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Freeport-McMoRan in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $54.30.

Insider Buying and Selling at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The shares were 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 directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

Freeport-McMoRan Stock Down 2.1%

Shares of NYSE:FCX opened at $58.73 on Friday. The company has a 50-day moving average price of $47.89 and a 200 day moving average price of $44.52. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $60.71. The company has a market cap of $84.33 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 0.72 and a beta of 1.45.

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

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s payout ratio is 21.13%.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: BMO Capital Markets raised its price target on FCX to $68 and kept an “outperform” rating — a notable upgrade that signals confidence in Freeport’s outlook. BMO raises PT to $68
• Positive Sentiment: Raymond James also lifted its target to $66 and maintained an “outperform” rating, reinforcing buy-side momentum from multiple brokers. Raymond James raises PT to $66
• Positive Sentiment: Bank of America named Freeport-McMoRan one of three metals stocks to own for 2026 — a directional endorsement tied to copper’s breakout and long-term demand tailwinds. 3 Metals Stocks Bank of America Is Bullish on for 2026
• Positive Sentiment: Zacks flagged FCX as likely to beat earnings, citing the key drivers that support an upside surprise—this raises the probability of a bullish reaction to the upcoming report. FCX Expected to Beat Earnings Estimates
• Positive Sentiment: A market piece highlighted Freeport’s strong 5‑year performance (16% CAGR) and recent weekly gains — reinforcing investor confidence after the rally. FCX delivers shareholders splendid 16% CAGR
• Neutral Sentiment: Freeport is scheduled to release quarterly earnings this week — a key event that will likely drive short-term volatility depending on production, costs and realized metal prices. Freeport-McMoRan to Release Earnings on Thursday
• Neutral Sentiment: Recent trade coverage noted FCX rose while broader markets dipped — a reminder that sector-specific metal price moves (especially copper) are a primary driver versus general market action. FCX Rises As Market Takes a Dip

About Freeport-McMoRan

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.