Pacer Advisors Inc. Cuts Stake in Freeport-McMoRan Inc. $FCX

Pacer Advisors Inc. lessened its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 35.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,212 shares of the natural resource company’s stock after selling 41,515 shares during the quarter. Pacer Advisors Inc.’s holdings in Freeport-McMoRan were worth $4,362,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FCX. Vanguard Group Inc. raised its holdings in shares of Freeport-McMoRan by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 130,332,957 shares of the natural resource company’s stock valued at $6,619,611,000 after buying an additional 1,572,769 shares during the period. Fisher Asset Management LLC raised its stake in shares of Freeport-McMoRan by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 63,880,757 shares of the natural resource company’s stock valued at $3,244,504,000 after purchasing an additional 622,343 shares during the period. State Street Corp lifted its position in shares of Freeport-McMoRan by 0.6% during the fourth quarter. State Street Corp now owns 62,873,136 shares of the natural resource company’s stock worth $3,193,327,000 after purchasing an additional 395,226 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Freeport-McMoRan by 20.0% during the first 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 purchasing an additional 7,044,775 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Freeport-McMoRan by 31.2% in the fourth quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after purchasing an additional 8,891,743 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 4,773 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of Freeport-McMoRan stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,600 shares of company stock worth $1,802,012. Corporate insiders own 0.73% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

Freeport-McMoRan Stock Down 1.8%

Shares of Freeport-McMoRan stock opened at $68.17 on Friday. 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 cap of $98.00 billion, a P/E ratio of 33.58, a P/E/G ratio of 0.70 and a beta of 1.37. Freeport-McMoRan Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $72.28. The business has a 50-day moving average price of $63.95 and a 200 day moving average price of $62.80.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Freeport-McMoRan’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, sell-side analysts forecast 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. Investors of record on Wednesday, July 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio is currently 14.78%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FCX. Royal Bank Of Canada lifted their price target on shares of Freeport-McMoRan from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on Freeport-McMoRan from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. BNP Paribas Exane increased their price target on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Wall Street Zen upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Scotiabank raised their price target on shares of Freeport-McMoRan from $67.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

About Freeport-McMoRan

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.