Assenagon Asset Management S.A. Has $185.33 Million Stock Holdings in Freeport-McMoRan Inc. $FCX

Assenagon Asset Management S.A. trimmed its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 43.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,946,891 shares of the natural resource company’s stock after selling 2,310,579 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Freeport-McMoRan were worth $185,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FCX. Strategic Investment Solutions Inc. IL purchased a new position in Freeport-McMoRan in the fourth quarter valued at about $25,000. Steph & Co. raised its stake in shares of Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 150 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Freeport-McMoRan during the 1st quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Freeport-McMoRan during the 4th quarter valued at about $29,000. Finally, SHP Wealth Management acquired a new stake in shares of Freeport-McMoRan during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FCX. Barclays boosted their price target on Freeport-McMoRan from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. The Goldman Sachs Group reduced their target price on shares of Freeport-McMoRan from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price on shares of Freeport-McMoRan in a research report on Thursday, July 23rd. Stifel Nicolaus increased their price target on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.27.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Analysts continue to highlight FCX’s leverage to potential growth in copper demand from electric vehicles, power-grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
• Positive Sentiment: Recent coverage also points to expected increases in copper and gold sales during the second half of 2026 and into 2027, while the company’s ongoing share repurchases could support earnings per share by reducing its share count.
• Positive Sentiment: Unusually high options activity indicates elevated speculative interest in FCX, including roughly 75,145 call options purchased—about 30% above typical daily call volume.
• Positive Sentiment: Freeport-McMoRan recently paid a quarterly dividend of $0.075 per share, equivalent to $0.30 annually. Although the approximately 0.4% yield is modest, the payment reinforces the company’s shareholder-return program. Freeport-McMoRan Declares Dividend
• Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth, but cautioned that the broader industry faces a weak near-term outlook. Zacks Industry Outlook
• Positive Sentiment: The company’s latest reported quarter exceeded expectations, with earnings per share of $0.74 versus a $0.62 consensus estimate and revenue of $7.03 billion versus expectations of $6.62 billion.
• Negative Sentiment: Chief Accounting Officer Ellie Mikes sold 4,773 shares for approximately $334,110, while another filing reported Stephen Higgins selling 14,277 shares for about $992,252. The insider selling may weigh on sentiment, although such transactions can reflect personal financial planning rather than weaker business prospects. FCX Insider Trading

Insiders Place Their Bets

In related news, CAO Stephen T. Higgins sold 14,277 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the sale, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. This represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ellie L. Mikes sold 4,773 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the transaction, the chief accounting officer owned 36,000 shares in the company, valued at $2,520,000. The trade was a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,600 shares of company stock valued at $1,802,012 over the last 90 days. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Stock Performance

Shares of NYSE FCX opened at $68.17 on Friday. The business’s 50-day simple moving average is $63.95 and its 200-day simple moving average is $62.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07. Freeport-McMoRan Inc. has a 52 week low of $35.15 and a 52 week high of $72.28. The firm has a market cap of $98.00 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 0.70 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities research analysts expect that Freeport-McMoRan Inc. will post 2.75 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 14.78%.

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.