University of Texas Texas AM Investment Management Co. Acquires 11,615 Shares of Freeport-McMoRan Inc. $FCX

University of Texas Texas AM Investment Management Co. boosted its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,699 shares of the natural resource company’s stock after acquiring an additional 11,615 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Freeport-McMoRan were worth $4,039,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NBH Bank acquired a new position in Freeport-McMoRan during the 2nd quarter valued at about $28,000. REAP Financial Group LLC bought a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $32,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Freeport-McMoRan in the first quarter worth approximately $29,000. Roxbury Financial LLC raised its stake in shares of Freeport-McMoRan by 196.5% in the second quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company’s stock worth $37,000 after purchasing an additional 393 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Freeport-McMoRan in the first quarter worth approximately $39,000. Institutional investors own 80.77% of the company’s stock.

Analysts Set New Price Targets

FCX has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, October 7th. Freedom Broker decreased their price target on Freeport-McMoRan from $75.00 to $68.00 and set a “hold” rating for the company in a report on Monday, November 2nd. Barclays upped their price target on Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Erste Group Bank started coverage on Freeport-McMoRan in a research report on Thursday, August 27th. They issued a “buy” rating for the company. Finally, Weiss Ratings cut Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. 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 stock. According to data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average price target of $75.30.

Freeport-McMoRan Stock Down 0.1%

Freeport-McMoRan stock opened at $59.36 on Monday. Freeport-McMoRan Inc. has a fifty-two week low of $38.75 and a fifty-two week high of $80.24. The stock has a market cap of $85.25 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. The firm’s 50-day simple moving average is $69.84 and its 200 day simple moving average is $65.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Research analysts predict that Freeport-McMoRan Inc. will post 3.02 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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

Trending Headlines about 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

Insider Buying and Selling

In other news, EVP Douglas Currault, II sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the transaction, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lydia Kennard sold 3,798 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $9,706,955.22. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is owned by insiders.

Freeport-McMoRan Profile

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.