Freeport-McMoRan Inc. $FCX Shares Sold by Tamar Securities LLC

Tamar Securities LLC reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 481,167 shares of the natural resource company’s stock after selling 13,697 shares during the quarter. Freeport-McMoRan comprises 3.1% of Tamar Securities LLC’s investment portfolio, making the stock its 10th biggest position. Tamar Securities LLC’s holdings in Freeport-McMoRan were worth $33,682,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Plancorp LLC acquired a new position in Freeport-McMoRan during the third quarter worth $257,000. Ashton Thomas Private Wealth LLC grew its holdings in Freeport-McMoRan by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,189 shares of the natural resource company’s stock valued at $853,000 after buying an additional 356 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Freeport-McMoRan in the 3rd quarter worth $1,466,000. Heritage Family Offices LLP acquired a new stake in shares of Freeport-McMoRan in the 3rd quarter worth $168,000. Finally, Allegiance Financial Group Advisory Services LLC raised its holdings in shares of Freeport-McMoRan by 13.4% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 8,722 shares of the natural resource company’s stock worth $611,000 after acquiring an additional 1,031 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
• Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

Freeport-McMoRan Trading Up 2.5%

FCX stock traded up $1.46 during midday trading on Friday, hitting $59.36. 16,247,153 shares of the company’s stock were exchanged, compared to its average volume of 11,134,305. Freeport-McMoRan Inc. has a 1-year low of $38.75 and a 1-year high of $80.24. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $85.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.58 and a beta of 1.38. The business has a 50-day simple moving average of $69.84 and a two-hundred day simple moving average of $65.27.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.36 billion. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. On average, sell-side analysts predict that Freeport-McMoRan Inc. will post 3.02 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were issued a $0.0750 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, October 15th. Freeport-McMoRan’s payout ratio is 12.61%.

Insider Activity

In other Freeport-McMoRan news, 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 value of $300,459.78. Following the transaction, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction 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 $16,577,416.96. The trade was a 27.49% decrease in their position. The SEC filing for this sale provides additional information. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FCX has been the topic of several recent research reports. Barclays boosted their price target on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lifted their target price on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Erste Group Bank assumed coverage on shares of Freeport-McMoRan in a report on Thursday, August 27th. They issued a “buy” rating on the stock. Finally, Weiss Ratings lowered shares of Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.30.

About Freeport-McMoRan

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.