Parkside Investments LLC Sells 59,025 Shares of Freeport-McMoRan Inc. $FCX

Parkside Investments LLC lessened its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 223,797 shares of the natural resource company’s stock after selling 59,025 shares during the period. Freeport-McMoRan makes up approximately 1.1% of Parkside Investments LLC’s holdings, making the stock its 26th largest holding. Parkside Investments LLC’s holdings in Freeport-McMoRan were worth $8,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FCX. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Freeport-McMoRan in the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Freeport-McMoRan during the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC raised its position in Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Freeport-McMoRan in the 3rd quarter worth about $36,000. Finally, Proffitt & Goodson Inc. lifted its stake in Freeport-McMoRan by 39.8% in the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the transaction, the executive vice president directly owned 219,181 shares in the company, valued at approximately $14,141,558.12. This trade represents a 25.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of the transaction, the chief accounting officer directly owned 40,773 shares of the company’s stock, valued at $2,529,149.19. This trade represents a 21.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 603,140 shares of company stock valued at $37,660,139. 0.79% of the stock is currently owned by corporate insiders.

Key Freeport-McMoRan News

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

• Positive Sentiment: Copper and base metals rallied as Chinese traders returned to the market, supporting higher commodity prices that directly benefit Freeport’s revenue outlook. Copper leads base metals higher as Chinese traders return
• Positive Sentiment: Freedom Capital upgraded FCX from “hold” to “strong-buy” (reported via Zacks), which can prompt buying from momentum and thematic investors. Zacks.com
• Neutral Sentiment: Comparative coverage (Yahoo Finance and Zacks) weighs Freeport vs. Southern Copper (SCCO), noting both miners are exposed to copper price swings but are advancing major projects funded by strong cash flows — helpful context for longer-term investors but not an immediate catalyst. FCX vs. SCCO: Which Copper Mining Giant Should You Bet on Now? FCX vs. SCCO: Which Copper Mining Giant Should You Bet on Now?
• Neutral Sentiment: Freeport presented at the BMO Global Metals, Mining & Critical Minerals conference (transcript available). Management commentary can influence sentiment if it updates guidance or project timelines, but the transcript alone is informational. Freeport-McMoRan Inc. (FCX) Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript
• Negative Sentiment: CAO Stephen T. Higgins sold 29,654 shares at ~$63 each (filed with the SEC), trimming his holdings by ~28%. Insider sales can be interpreted negatively by some investors even when routine. SEC filing: Insider Sale
• Negative Sentiment: MarketBeat highlighted insider selling across several stocks including Freeport, framing these sales as part of broader insider exits after strong rallies — a potential psychological headwind for the shares. Why Are Amphenol, Royal Caribbean, and Freeport Insiders Selling? (FCX)

Wall Street Analysts Forecast Growth

FCX has been the topic of a number of analyst reports. CICC Research upped their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a research note on Monday, January 26th. Raymond James Financial boosted their price objective on Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Jefferies Financial Group increased their target price on Freeport-McMoRan from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company upped their price target on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Two 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.73.

Freeport-McMoRan Price Performance

FCX opened at $67.85 on Wednesday. The company has a market capitalization of $97.51 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 0.72 and a beta of 1.47. The company has a current ratio of 2.29, a quick ratio of 1.05 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 $69.44. The business’s fifty day simple moving average is $58.34 and its 200-day simple moving average is $48.05.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

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.