Drummond Knight Asset Management Pty Ltd Has $37.26 Million Position in Freeport-McMoRan Inc. $FCX

Drummond Knight Asset Management Pty Ltd decreased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 17.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 950,000 shares of the natural resource company’s stock after selling 197,407 shares during the period. Freeport-McMoRan comprises 11.4% of Drummond Knight Asset Management Pty Ltd’s holdings, making the stock its 4th largest position. Drummond Knight Asset Management Pty Ltd’s holdings in Freeport-McMoRan were worth $37,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after acquiring an additional 8,292,873 shares during the period. Amundi increased its stake in Freeport-McMoRan by 28.1% in the first quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock valued at $1,046,280,000 after purchasing an additional 6,054,537 shares in the last quarter. Crake Asset Management LLP raised its holdings in Freeport-McMoRan by 2,140.8% in the first quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company’s stock worth $224,496,000 after purchasing an additional 5,665,000 shares during the period. Mizuho Markets Cayman LP acquired a new stake in Freeport-McMoRan in the second quarter worth $159,147,000. Finally, Voya Investment Management LLC boosted its position in shares of Freeport-McMoRan by 289.0% during the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after purchasing an additional 2,856,302 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Trading Up 2.4%

NYSE FCX opened at $51.87 on Wednesday. The stock has a market capitalization of $74.49 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.14 and a beta of 1.49. The stock’s 50 day moving average price is $42.91 and its two-hundred day moving average price is $42.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $52.29.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period last year, the business earned $0.38 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. Freeport-McMoRan’s dividend payout ratio (DPR) is 21.13%.

Key Freeport-McMoRan News

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

• Positive Sentiment: Wells Fargo raised its price target to $55 (from $47), citing the steel/copper backdrop and Freeport’s exposure; this provides analyst support for higher upside. Freeport‑McMoRan price target raised to $55 from $47 at Wells Fargo
• Positive Sentiment: Commodity tailwind: copper has rallied (reported at ~$12,000/ton), improving Freeport’s revenue and margin outlook given its large copper production profile. Market commentary views the rally as supportive of further profit upside. Copper Hits $12,000 a Ton. Time to Mine Freeport‑McMoRan for More Profits?
• Positive Sentiment: Market re‑rating/valuation work: analysts and commentators are reassessing FCX after a ~27% monthly surge, which supports higher multiples if copper stays strong. Freeport‑McMoRan (FCX): Reassessing Valuation After a 27% Monthly Surge and Strong Copper Price Support
• Neutral Sentiment: Earnings preview/near‑term volatility: analysts and preview pieces note upcoming results will be watched closely for realized copper pricing, costs and production trends; guidance and quarter details could swing sentiment. Earnings Preview: What To Expect From Freeport‑McMoRan’s Report
• Negative Sentiment: Multiple securities‑fraud class action notices and lead‑plaintiff solicitations were filed/announced (class period generally Feb 15, 2022–Sep 24, 2025) with a Jan 12, 2026 lead‑plaintiff deadline — this raises legal risk, potential litigation costs and management distraction. Notices from several firms here: Levi & Korsinsky investor notice PR Newswire plaintiff solicitation Faruqi & Faruqi reminder Gross Law Firm notice
• Negative Sentiment: Small downward revisions to Q4/FY‑2026 EPS by Zacks (Q4 to $0.21 from $0.23; FY‑2026 to $1.74 from $1.75) slightly lower near‑term estimates — not large, but notable if trends continue. (Research note reported Dec 22‑23)

Wall Street Analysts Forecast Growth

FCX has been the subject of a number of recent analyst reports. Johnson Rice lowered their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. Citigroup upgraded Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Bank of America upgraded Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, September 30th. Finally, HSBC lowered their target price on Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Buy” and a consensus price target of $49.49.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by insiders.

Freeport-McMoRan 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.