Freeport-McMoRan Inc. $FCX Stake Trimmed by IFC Advisors LLC

Posted by Michael Walen on Jul 13th, 2026

IFC Advisors LLC lessened its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 9.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 88,972 shares of the natural resource company’s stock after selling 9,463 shares during the quarter. Freeport-McMoRan accounts for about 0.7% of IFC Advisors LLC’s holdings, making the stock its 27th biggest position. IFC Advisors LLC’s holdings in Freeport-McMoRan were worth $5,230,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FCX. Matthews International Capital Management LLC boosted its holdings in shares of Freeport-McMoRan by 1,095.9% in the first quarter. Matthews International Capital Management LLC now owns 87,936 shares of the natural resource company’s stock worth $5,169,000 after buying an additional 80,583 shares during the period. Y.D. More Investments Ltd increased its position in shares of Freeport-McMoRan by 680.5% in the first quarter. Y.D. More Investments Ltd now owns 3,325 shares of the natural resource company’s stock worth $189,000 after acquiring an additional 2,899 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in shares of Freeport-McMoRan by 69.9% in the first quarter. J. Safra Sarasin Holding AG now owns 213,037 shares of the natural resource company’s stock worth $12,522,000 after acquiring an additional 87,654 shares in the last quarter. LGT Fund Management Co Ltd. raised its holdings in shares of Freeport-McMoRan by 607.3% during the first quarter. LGT Fund Management Co Ltd. now owns 48,877 shares of the natural resource company’s stock valued at $2,873,000 after acquiring an additional 41,967 shares during the period. Finally, United Bank raised its holdings in shares of Freeport-McMoRan by 103.5% during the first quarter. United Bank now owns 25,899 shares of the natural resource company’s stock valued at $1,522,000 after acquiring an additional 13,172 shares during the period. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Price Performance

NYSE FCX opened at $61.44 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. The firm has a market capitalization of $88.32 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. The company has a 50 day simple moving average of $63.85 and a 200-day simple moving average of $61.73. Freeport-McMoRan Inc. has a 52-week low of $35.15 and a 52-week high of $72.28.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Equities research analysts predict that Freeport-McMoRan Inc. will post 2.68 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 15.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Sanford C. Bernstein boosted their target price on shares of Freeport-McMoRan from $53.50 to $58.50 and gave the company a “market perform” rating in a research note on Wednesday, June 10th. BMO Capital Markets increased their target price on Freeport-McMoRan from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Scotiabank increased their target price on Freeport-McMoRan from $67.00 to $77.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Finally, Wall Street Zen raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.63.

Read Our Latest Stock Analysis on FCX

More Freeport-McMoRan News

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

Positive Sentiment: Bank of America raised its price target on Freeport-McMoRan to $80 from $74 and kept a buy rating, while JPMorgan lifted its target to $77 and maintained an overweight view, signaling stronger Wall Street confidence in FCX’s upside. Freeport-McMoRan (NYSE:FCX) Given New $80.00 Price Target at Bank of America
Positive Sentiment: Scotiabank also increased its FY2026 EPS estimate for FCX to $3.01 from $2.60 and reiterated a Sector Outperform rating, reinforcing the view that earnings expectations are improving. Freeport-McMoRan Inc. (NYSE:FCX)
Positive Sentiment: Recent coverage notes that copper demand remains strong due to electrification, grid expansion, and data center growth, which is supportive for Freeport-McMoRan as a major copper producer. Freeport McMoRan (FCX) Faces Grasberg Output Pressure As Copper Demand Stays Strong
Neutral Sentiment: Analysts continue to flag FCX as a closely watched materials stock, and several articles highlight valuation debates and fair-value estimates rather than a major new catalyst. Is Freeport-McMoRan (FCX) Stock Cheap After The 2026 Guidance Cut?
Neutral Sentiment: Freeport-McMoRan’s board declared a $0.15 per share cash dividend, which may appeal to income investors but is not a major surprise for the stock. Freeport-McMoRan (FCX) Declared A Cash Dividend, Is It Still 19% Undervalued?
Negative Sentiment: There are also ongoing concerns about output pressure at the Grasberg mine, which could limit near-term production even as demand stays firm. Freeport McMoRan (FCX) Faces Grasberg Output Pressure As Copper Demand Stays Strong

Freeport-McMoRan Profile

(Free Report)

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.