Landmark Wealth Management LLC Buys 9,500 Shares of Freeport-McMoRan Inc. $FCX

Landmark Wealth Management LLC raised its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 37.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,012 shares of the natural resource company’s stock after buying an additional 9,500 shares during the period. Landmark Wealth Management LLC’s holdings in Freeport-McMoRan were worth $2,451,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms have recently weighed in on FCX. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price target on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Barclays increased their price target on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Weiss Ratings lowered shares of Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, UBS Group dropped their price target on shares of Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. One 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, Freeport-McMoRan has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, Director Lydia H. Kennard sold 3,798 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Douglas N. Currault II sold 80,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.73% of the stock is currently owned by insiders.

More Freeport-McMoRan News

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

• Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
• Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $59.36 on Monday. The company has a market capitalization of $85.25 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.55 and a beta of 1.38. The business’s 50 day moving average is $69.84 and its two-hundred day moving average is $65.27. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. Freeport-McMoRan Inc. has a 12-month low of $38.75 and a 12-month high of $80.24.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.36 billion. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. Freeport-McMoRan’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Analysts expect that Freeport-McMoRan Inc. will post 3.02 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were paid a $0.0750 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 12.61%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.