44,680 Shares in Freeport-McMoRan Inc. $FCX Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX) during the third quarter, HoldingsChannel.com reports. The fund purchased 44,680 shares of the natural resource company’s stock, valued at approximately $1,864,000.

A number of other institutional investors also recently bought and sold shares of FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings 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 last quarter. Amundi lifted its stake in Freeport-McMoRan by 28.1% during the first quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock worth $1,046,280,000 after purchasing an additional 6,054,537 shares during the last quarter. Crake Asset Management LLP boosted 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 valued at $224,496,000 after purchasing an additional 5,665,000 shares in the last quarter. Mizuho Markets Cayman LP purchased a new position in Freeport-McMoRan in the second quarter valued at approximately $159,147,000. Finally, Voya Investment Management LLC increased its stake in Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after purchasing an additional 2,856,302 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were 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 in the company, valued at $5,053,059.06. This represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan Trading Up 2.2%

Shares of Freeport-McMoRan stock opened at $53.07 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The company has a market capitalization of $76.20 billion, a P/E ratio of 37.37, a PEG ratio of 1.17 and a beta of 1.49. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $53.77. The company’s fifty day moving average is $43.56 and its two-hundred day moving average is $43.10.

Freeport-McMoRan (NYSE:FCX) last announced its 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 business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a $0.075 dividend. 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 dividend payout ratio (DPR) is 21.13%.

Key Freeport-McMoRan News

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

• Positive Sentiment: Strong copper rally & sector momentum — Copper is testing fresh records and miners including Freeport are benefiting from higher metal prices and bullish coverage; higher copper directly boosts Freeport’s margins because it is a volume leader. Freeport-McMoRan and Miner Stocks Climb as Copper Tests Fresh Record
• Positive Sentiment: Structural demand story — Market commentary highlights AI/data-center buildout and energy transition as durable copper demand drivers, supporting a multi-year bull case for FCX given its large-scale production footprint (Grasberg, volume leverage). Gold and Silver Exploded—Now Copper May Be the Next Big Trade
• Positive Sentiment: Industry stock-picking attention — Roundups of best copper stocks name Freeport as a primary play for copper upside, which can attract flows into FCX and support multiple expansion if commodity strength persists. Best copper stocks to buy as prices continue the bull run
• Neutral Sentiment: Dividend and momentum signals — Coverage noted an upcoming $0.15 dividend and an eight‑session gain streak; these support short-term demand but don’t change the longer-term fundamentals materially. Freeport-McMoRan (NYSE:FCX) Is Due To Pay A Dividend Of $0.15
• Negative Sentiment: Multiple class-action notices and shareholder investigations — Several law firms have filed or alerted investors about securities class actions against Freeport covering Feb 2022–Sep 2025; that raises litigation risk, potential legal costs and investor uncertainty. FCX LAWSUIT ALERT: Levi & Korsinsky Notifies Freeport-McMoRan Inc. Investors… DEADLINE ALERT for FCX…
• Negative Sentiment: Additional law-firm notices piling up — More firms (Faruqi, Bronstein Gewirtz, Newsfile/PR notices) are publicizing the same litigation window and lead-plaintiff deadlines, increasing headline flow and potential selling pressure from concerned holders. SHAREHOLDER ALERT: Faruqi & Faruqi Investigates Claims…
• Negative Sentiment: Analyst estimate cuts & rising short interest — Zacks trimmed earnings estimates and short interest jumped ~35% in December, which can amplify volatility and pressure shares if sentiment turns. Zacks Research Cuts Earnings Estimates for Freeport-McMoRan

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Citigroup upgraded Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, October 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $53.00 target price on shares of Freeport-McMoRan in a report on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $49.49.

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.