waypoint wealth counsel Takes Position in Freeport-McMoRan Inc. $FCX

waypoint wealth counsel acquired a new stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,053 shares of the natural resource company’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new stake in Freeport-McMoRan during the third quarter worth $25,000. Salomon & Ludwin LLC grew its holdings in Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Freeport-McMoRan during the third quarter worth $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Freeport-McMoRan during the third quarter worth $36,000. Finally, Proffitt & Goodson Inc. grew its holdings in Freeport-McMoRan by 39.8% during the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after buying an additional 278 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Insider Activity

In other news, CAO Ellie L. Mikes sold 11,000 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer owned 40,773 shares of the company’s stock, valued at $2,529,149.19. This represents a 21.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard C. Adkerson sold 248,031 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $62.80, for a total value of $15,576,346.80. Following the transaction, the chairman directly owned 3,509,119 shares in the company, valued at $220,372,673.20. This represents a 6.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 565,145 shares of company stock worth $35,839,918. 0.75% of the stock is owned by company insiders.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $61.69 on Thursday. Freeport-McMoRan Inc. has a 12 month low of $34.45 and a 12 month high of $70.96. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $62.51 and its 200 day simple moving average is $53.58. The company has a market cap of $88.67 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 0.78 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.09). Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Freeport-McMoRan Inc. will post 2.54 EPS for the current year.

Freeport-McMoRan Announces Dividend

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

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Higher copper prices and commodity tailwinds lifted quarterly profitability metrics and helped reported profit metrics despite operational issues; this supports the bull case for FCX. Read More.
• Positive Sentiment: Analyst support is rising: Deutsche Bank raised its price target (to $72) and maintained a Buy stance, and other outlets highlight investor interest in FCX as a recovery play — these upgrades help underpin the stock. Read More.
• Positive Sentiment: Market-cap milestone — coverage notes Freeport joining the ~$100B mining company club, reinforcing narrative of scale and investor interest. Read More.
• Neutral Sentiment: The company posted its full Q1 financial and operating release and slide deck on its IR site, providing details for investors to parse (revenue up ~8.8% y/y). Read More.
• Neutral Sentiment: Multiple comparative and feature pieces (FCX vs. BHP, beginner-stock lists) circulate — useful for context but less likely to move the stock intraday. Read More.
• Negative Sentiment: Reported EPS of $0.57 missed analysts’ consensus (~$0.66), which is an immediate negative catalyst that can pressure the share price despite higher revenues. Read More.
• Negative Sentiment: Production fell — WSJ reports lower copper and gold output tied to last year’s fatal mudslide at the Indonesian Grasberg operation, a clear operational risk that reduces near-term volumes and investor confidence. Read More.
• Negative Sentiment: Scotiabank trimmed FY2026–FY2027 EPS estimates slightly, signaling some analyst caution on near-term earnings visibility. Small revisions can weigh on sentiment when paired with an EPS miss and operational disruptions. Read More.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FCX. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.50 to $54.00 in a report on Friday, January 23rd. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Freedom Capital upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Jefferies Financial Group upped their price objective on Freeport-McMoRan from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their price objective on Freeport-McMoRan from $68.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.26.

Freeport-McMoRan Company Profile

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.