Lebenthal Global Advisors LLC Sells 8,662 Shares of Freeport-McMoRan Inc. $FCX

Lebenthal Global Advisors LLC reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 35.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,447 shares of the natural resource company’s stock after selling 8,662 shares during the period. Lebenthal Global Advisors LLC’s holdings in Freeport-McMoRan were worth $785,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan during the 3rd quarter worth $25,000. Salomon & Ludwin LLC raised its position in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares during the last quarter. JPL Wealth Management LLC bought a new position in Freeport-McMoRan during the 3rd quarter worth $33,000. YANKCOM Partnership raised its position in shares of Freeport-McMoRan by 83.3% in the 4th quarter. YANKCOM Partnership now owns 869 shares of the natural resource company’s stock worth $44,000 after acquiring an additional 395 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Freeport-McMoRan in the 3rd quarter worth about $36,000. 80.77% of the stock is owned by institutional investors.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of the sale, the chief accounting officer directly owned 40,773 shares of the company’s stock, valued at approximately $2,529,149.19. The trade was a 21.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Maree E. Robertson sold 48,500 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $61.55, for a total value of $2,985,175.00. Following the completion of the transaction, the chief financial officer owned 79,894 shares in the company, valued at $4,917,475.70. The trade was a 37.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 565,145 shares of company stock worth $35,839,918. Company insiders own 0.75% of the company’s stock.

More Freeport-McMoRan News

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

• Positive Sentiment: Q1 beat: FCX reported $0.57 EPS vs. $0.47 consensus and revenue of $6.23B; profits surged year‑over‑year as higher copper, gold and molybdenum prices offset weaker volumes. FCX’s Q1 Earnings and Revenues Top Estimates on Higher Copper Prices
• Positive Sentiment: Analyst support: some firms (e.g., Deutsche Bank, Wells Fargo coverage noted in recent writeups) have upgraded/raised targets ahead of the print, reflecting confidence in commodity tailwinds and longer‑term recovery prospects. Is Freeport-McMoRan (FCX) the Best Beginner Stock to Buy Right Now?
• Neutral Sentiment: Conference materials/transcript available — management commentary is posted and the Q1 earnings call transcript may provide detail on timing for Grasberg ramp and capital/operational responses. Investors should review management’s comments for timing risk. Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Minor analyst estimate tweaks: Scotiabank trimmed FY2026/FY2027 EPS forecasts slightly (e.g., FY2027 to $2.44 from $2.48) but kept a Sector Perform view and a ~$71 target; this is a modest adjustment versus the broader market move. Scotiabank Equities Analysts Cut Earnings Estimates for FCX
• Negative Sentiment: Output cut/Grasberg delay: FCX trimmed its 2026 and 2027 copper sales outlook by roughly 300 million pounds due to a slower ramp at the Grasberg complex after last year’s mud‑rush incident — management flagged weaker near‑term production, which undermines forward supply expectations. FCX Stock Dives On Copper Output Cut. These Stocks Are Rallying.
• Negative Sentiment: Market reaction and volatility: the production downgrade overshadowed the earnings beat and triggered an intraday selloff (reports of a ~10% drop), demonstrating that near‑term production visibility at Grasberg is the dominant driver of price action today. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

Analysts Set New Price Targets

Several research firms have recently weighed in on FCX. CICC Research lifted their price objective on Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Freeport-McMoRan from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Bank of America lifted their price objective on Freeport-McMoRan from $68.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. BMO Capital Markets lifted their price objective on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.02.

Freeport-McMoRan Stock Performance

Shares of FCX opened at $61.48 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The stock has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $53.64. The firm has a market capitalization of $88.35 billion, a P/E ratio of 40.71, a P/E/G ratio of 0.81 and a beta of 1.48. Freeport-McMoRan Inc. has a 52 week low of $34.45 and a 52 week high of $70.96.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.40 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Equities analysts forecast that Freeport-McMoRan Inc. will post 2.54 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan’s payout ratio is currently 19.87%.

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.