Partners Wealth Management LLC Acquires 11,767 Shares of Freeport-McMoRan Inc. $FCX

Partners Wealth Management LLC acquired a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,767 shares of the natural resource company’s stock, valued at approximately $824,000.

Several other large investors have also made changes to their positions in FCX. Choreo LLC increased its stake in Freeport-McMoRan by 5.0% during the third quarter. Choreo LLC now owns 36,381 shares of the natural resource company’s stock worth $2,547,000 after acquiring an additional 1,739 shares during the last quarter. Interchange Capital Partners LLC raised its holdings in shares of Freeport-McMoRan by 109.7% in the 3rd quarter. Interchange Capital Partners LLC now owns 13,652 shares of the natural resource company’s stock worth $956,000 after purchasing an additional 7,142 shares during the period. TOWER TRUST & INVESTMENT Co lifted its stake in shares of Freeport-McMoRan by 1.3% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 12,177 shares of the natural resource company’s stock valued at $852,000 after purchasing an additional 157 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Freeport-McMoRan by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 324,442 shares of the natural resource company’s stock valued at $22,711,000 after purchasing an additional 3,333 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in shares of Freeport-McMoRan by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 21,681 shares of the natural resource company’s stock valued at $1,518,000 after purchasing an additional 543 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Trading Down 5.6%

FCX opened at $62.44 on Friday. The firm has a market capitalization of $89.66 billion, a P/E ratio of 26.24, a P/E/G ratio of 0.61 and a beta of 1.39. The firm’s 50 day moving average is $71.59 and its 200-day moving average is $65.24. Freeport-McMoRan Inc. has a 52-week low of $38.54 and a 52-week high of $80.24. The company has a quick ratio of 0.92, a current ratio of 2.02 and a debt-to-equity ratio of 0.23.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. Analysts expect that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s payout ratio is 12.61%.

Insider Activity

In other Freeport-McMoRan news, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $16,577,416.96. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lydia Kennard sold 3,798 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $79.11, for a total transaction of $300,459.78. Following the completion of the transaction, the director directly owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 102,848 shares of company stock worth $7,911,621. 0.73% of the stock is owned by corporate insiders.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Analyst Ratings Changes

A number of research firms recently issued reports on FCX. BMO Capital Markets increased their target price on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 29th. UBS Group cut their price target on shares of Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank Of Canada lifted their target price on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Freedom Broker cut Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Wells Fargo & Company decreased their target price on Freeport-McMoRan from $87.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday. One 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. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average price target of $75.67.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

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