U S Wealth Group LLC. Invests $681,000 in Freeport-McMoRan Inc. $FCX

U S Wealth Group LLC. purchased a new stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,823 shares of the natural resource company’s stock, valued at approximately $681,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. lifted its stake in Freeport-McMoRan by 7.9% during the first quarter. Pinnacle Bancorp Inc. now owns 2,011 shares of the natural resource company’s stock worth $118,000 after purchasing an additional 147 shares in the last quarter. Steph & Co. grew its stake in shares of Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after buying an additional 150 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Freeport-McMoRan by 11.6% in the 2nd quarter. Richardson Financial Services Inc. now owns 1,539 shares of the natural resource company’s stock valued at $97,000 after buying an additional 160 shares during the period. Essex Bank raised its holdings in shares of Freeport-McMoRan by 1.2% in the 1st quarter. Essex Bank now owns 14,104 shares of the natural resource company’s stock valued at $829,000 after buying an additional 163 shares during the period. Finally, Fiduciary Financial Group LLC boosted its holdings in Freeport-McMoRan by 2.6% during the 2nd quarter. Fiduciary Financial Group LLC now owns 6,788 shares of the natural resource company’s stock valued at $427,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Longer term, Freeport-McMoRan remains positioned to benefit from strong copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Copper supply is also constrained by declining mine output, operational disruptions and smelter bottlenecks. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Recent earnings demonstrated operating leverage: FCX reported quarterly earnings of $0.74 per share versus the $0.62 consensus estimate, while revenue also exceeded expectations. Analysts’ average rating remains Moderate Buy, with some price targets above the current trading level. Freeport-McMoRan earnings report
• Neutral Sentiment: Investors remain focused on whether the structural copper shortage can outweigh near-term demand weakness. Elevated prices have caused some buyers, particularly in China, to delay purchases, while copper inventories and trade flows remain sensitive to policy developments. Copper miners and oil market article
• Negative Sentiment: Uncertainty surrounding White House plans for copper tariffs triggered a broad pullback in copper-related equities, reversing part of the metal’s recent record rally. Rising Treasury yields, a stronger dollar and pressure across precious and industrial metals added to the selling. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty

Freeport-McMoRan Stock Down 6.7%

Shares of NYSE:FCX opened at $71.15 on Friday. The firm’s 50 day moving average price is $67.41 and its 200 day moving average price is $64.70. The stock has a market cap of $102.18 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.41. Freeport-McMoRan Inc. has a fifty-two week low of $35.15 and a fifty-two week 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.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The firm’s revenue was down 7.3% on a year-over-year basis. As a group, equities research analysts predict that Freeport-McMoRan Inc. will post 2.81 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio is 14.78%.

Analysts Set New Price Targets

A number of analysts have issued reports on FCX shares. Sanford C. Bernstein cut their price target on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised their price objective on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Scotiabank lifted their price objective on shares of Freeport-McMoRan from $67.00 to $77.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Friday, May 15th. Finally, Wells Fargo & Company raised their price target on shares of Freeport-McMoRan from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.75.

Insiders Place Their Bets

In other news, CAO Ellie L. Mikes sold 4,773 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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 directly owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. This represents a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lydia H. Kennard sold 3,798 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the transaction, the director owned 122,702 shares in the company, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 110,398 shares of company stock worth $8,387,271. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a global mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.