Sapient Capital LLC Sells 29,764 Shares of Freeport-McMoRan Inc. $FCX

Sapient Capital LLC lessened its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 20.6% in the third quarter, HoldingsChannel.com reports. The firm owned 114,766 shares of the natural resource company’s stock after selling 29,764 shares during the period. Sapient Capital LLC’s holdings in Freeport-McMoRan were worth $8,034,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FCX shares. Weiss Ratings raised Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their target price on Freeport-McMoRan from $73.00 to $85.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Bank of America increased their price target on Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Sanford C. Bernstein dropped their price target on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. Finally, BMO Capital Markets boosted their price objective on Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average target price of $76.22.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Higher analyst price targets: JPMorgan raised its target to $92 from $77 and maintained an “overweight” rating, while Wells Fargo increased its target to $87 from $70 and also kept an “overweight” rating. These revisions suggest analysts see further upside for FCX. Wells Fargo Adjusts Price Target on Freeport-McMoRan
• Positive Sentiment: Copper outlook remains favorable: Deutsche Bank reportedly expects copper could reach $10 per pound, driven by artificial-intelligence infrastructure and electric-vehicle demand. Higher copper prices would generally benefit Freeport-McMoRan’s revenue and cash flow. Three stocks to buy as Deutsche Bank says copper could hit $10 a pound
• Neutral Sentiment: Mixed analyst view: Morgan Stanley lifted its FCX target to $75 from $70 but retained an “equal weight” rating, signaling limited expected upside relative to the more bullish JPMorgan and Wells Fargo views. Trending Stock Freeport-McMoRan
• Negative Sentiment: Broad earnings-estimate reductions: Zacks Research lowered its estimates for third-quarter 2026 EPS to $0.61 from $0.63, FY2027 EPS to $3.47 from $3.54, and FY2028 EPS to $3.41 from $3.52. It also reduced forecasts for multiple 2027–2028 quarters, indicating somewhat softer expectations for future profitability.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock traded down $0.67 on Thursday, reaching $71.19. 11,867,491 shares of the company traded hands, compared to its average volume of 16,298,794. The company has a 50 day moving average of $71.41 and a 200 day moving average of $65.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. Freeport-McMoRan Inc. has a 52 week low of $38.54 and a 52 week high of $80.24. The firm has a market capitalization of $102.24 billion, a PE ratio of 35.07, a PEG ratio of 0.71 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Equities analysts forecast that Freeport-McMoRan Inc. will post 2.84 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.0750 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is presently 14.78%.

Insider Activity at Freeport-McMoRan

In related news, Director Lydia Kennard sold 3,798 shares of the company’s stock in a transaction on 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 directly owned 122,702 shares in the company, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas 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 value of $6,284,800.00. Following the completion of the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 110,398 shares of company stock valued at $8,387,271. 0.73% of the stock is currently owned by insiders.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE: FCX) is a leading international 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 systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

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