Freeport-McMoRan Inc. $FCX Stock Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 1,158.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 176,294 shares of the natural resource company’s stock after acquiring an additional 162,285 shares during the quarter. Sterling Capital Management LLC’s holdings in Freeport-McMoRan were worth $12,341,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FCX. State Street Corp grew its position in shares of Freeport-McMoRan by 3.6% in the 2nd quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after buying an additional 2,300,416 shares during the last quarter. Bank of America Corp DE raised its stake in Freeport-McMoRan by 20.0% during the 1st quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock worth $2,489,069,000 after acquiring an additional 7,044,775 shares in the last quarter. Wellington Management Group LLP raised its stake in Freeport-McMoRan by 13.8% during the 2nd quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock worth $938,197,000 after acquiring an additional 1,810,698 shares in the last quarter. Amundi raised its stake in Freeport-McMoRan by 10.5% during the 2nd quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock worth $743,353,000 after acquiring an additional 1,125,982 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in Freeport-McMoRan in the second quarter valued at $739,890,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen Higgins sold 14,277 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 110,398 shares of company stock worth $8,387,271. Corporate insiders own 0.73% of the company’s stock.

Freeport-McMoRan Stock Performance

NYSE:FCX traded up $0.61 during trading hours on Friday, reaching $65.20. 11,193,271 shares of the company’s stock were exchanged, compared to its average volume of 11,079,570. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $93.63 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 0.58 and a beta of 1.39. The company has a 50-day moving average of $72.02 and a 200 day moving average of $66.90.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the business posted $0.54 earnings per share. Freeport-McMoRan’s quarterly revenue was down 7.3% on a year-over-year basis. Research analysts anticipate that Freeport-McMoRan Inc. will post 3.05 EPS for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 14.78%.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: FCX has delivered four consecutive earnings beats, and strong copper prices are expected to support third-quarter results despite lower sales volumes and higher costs. The earnings preview also highlights estimates for production and other operating metrics that could influence the stock beyond headline revenue and EPS. FCX to Report Q3 Earnings: What’s in the Cards for the Stock?
• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for Freeport-McMoRan to $3.19 from $3.10 and maintained a Buy rating. The revised estimate is above the broader consensus of $2.99, providing a favorable analyst signal ahead of earnings.
• Positive Sentiment: HSBC reportedly assigned FCX a $77 price target ahead of the company’s October 27 results, suggesting potential upside if copper-market conditions and quarterly execution meet expectations. HSBC sets USD 77 target before October 27 results

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Freeport-McMoRan from $70.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. UBS Group boosted their target price on Freeport-McMoRan from $77.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Sanford C. Bernstein decreased their target price on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Royal Bank Of Canada raised their price target on Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings raised Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Freeport-McMoRan presently has an average rating of “Moderate Buy” and an average target price of $76.27.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.