Friedenthal Financial Makes New Investment in Freeport-McMoRan Inc. $FCX

Friedenthal Financial purchased a new stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) during the third quarter, Holdings Channel reports. The fund purchased 26,382 shares of the natural resource company’s stock, valued at approximately $1,035,000.

Several other institutional investors and hedge funds have also modified their holdings of FCX. Callan Family Office LLC lifted its stake in shares of Freeport-McMoRan by 229.9% in the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after buying an additional 18,803 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Freeport-McMoRan by 11.8% in the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after acquiring an additional 22,766 shares during the period. Arrow Capital Pty Ltd raised its holdings in Freeport-McMoRan by 88.5% in the 2nd quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after acquiring an additional 53,100 shares during the period. Bourgeon Capital Management LLC lifted its position in Freeport-McMoRan by 8.1% during the 2nd quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock worth $14,373,000 after acquiring an additional 24,803 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in Freeport-McMoRan by 5.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after acquiring an additional 20,586 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan News Summary

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)

Insider Activity

In related news, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated 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 owned 38,761 shares of the company’s stock, valued at $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the 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 completion of the transaction, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This trade represents a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $53.00 price target on shares of Freeport-McMoRan in a research report on Monday, December 15th. Scotiabank upgraded Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $51.00 to $47.00 in a report on Wednesday, November 19th. Johnson Rice lowered their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 in a research note on Monday, September 29th. Finally, Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Freeport-McMoRan currently has an average rating of “Buy” and a consensus target price of $49.49.

Freeport-McMoRan Stock Performance

FCX opened at $51.87 on Wednesday. The stock has a market cap of $74.49 billion, a PE ratio of 36.53, a P/E/G ratio of 1.14 and a beta of 1.49. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $52.29. The stock’s 50 day simple moving average is $42.91 and its 200-day simple moving average is $42.90.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The firm 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 earnings per share. Freeport-McMoRan’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

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

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.