Allspring Global Investments Holdings LLC Buys 79,344 Shares of Freeport-McMoRan Inc. $FCX

Allspring Global Investments Holdings LLC grew its position in Freeport-McMoRan Inc. (NYSE:FCX) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,052,252 shares of the natural resource company’s stock after purchasing an additional 79,344 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Freeport-McMoRan were worth $197,493,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Portside Wealth Group LLC lifted its holdings in shares of Freeport-McMoRan by 0.8% during the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock valued at $1,315,000 after purchasing an additional 245 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Freeport-McMoRan by 0.6% in the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock valued at $1,957,000 after acquiring an additional 250 shares in the last quarter. Waterloo Capital L.P. raised its stake in shares of Freeport-McMoRan by 3.9% during the 2nd quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock worth $289,000 after purchasing an additional 251 shares in the last quarter. Strengthening Families & Communities LLC raised its position in Freeport-McMoRan by 0.6% during the second quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company’s stock worth $1,822,000 after acquiring an additional 261 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in Freeport-McMoRan by 17.1% in the 2nd quarter. WealthCollab LLC now owns 1,820 shares of the natural resource company’s stock valued at $79,000 after purchasing an additional 266 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $51.40 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market cap of $73.80 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $53.76. The stock’s fifty day simple moving average is $43.95 and its two-hundred day simple moving average is $43.27.

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 analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. As a group, analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

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

Insider Activity

In related news, 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 value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FCX. Citigroup upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, October 8th. Clarkson Capital upgraded 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. Scotiabank upgraded Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the stock from $51.00 to $47.00 in a research report on Wednesday, November 19th. Wells Fargo & Company lifted their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, Royal Bank Of Canada lowered their price target on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan has a consensus rating of “Buy” and an average target price of $49.49.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Recent commodity-led gains: Copper strength and progress at the Grasberg mine have helped push FCX sharply higher over the last quarter, underpinning the stock’s multi‑month rally. Freeport Stock Rises 35% in 3 Months
• Positive Sentiment: Cyclicals and metals tailwinds: Coverage highlighting surging copper, gold and silver sees Freeport as a primary beneficiary of higher metal prices and long‑term demand — a core bullish fundamental for investors targeting miners. Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play It
• Positive Sentiment: Short‑term momentum: Week‑end reports show FCX among top performers after copper hit fresh highs, supporting near‑term momentum for the stock. Freeport Climbs on Copper Jump
• Neutral Sentiment: Market context: Broader futures and index swings are keeping trading volatile; headline risk in the tape is influencing intraday moves rather than company fundamentals alone. Stock Market Today: Futures Mixed
• Negative Sentiment: Multiple securities‑fraud class actions and lead‑plaintiff deadlines: Several law firms have filed or announced investigations and are urging investors to seek lead‑plaintiff roles with a Jan. 12, 2026 deadline — a persistent legal overhang that can pressure the stock and increase event risk. Glancy Prongay & Murray Deadline Alert
• Negative Sentiment: Additional law‑firm actions: Multiple firms (Faruqi & Faruqi; Levi & Korsinsky; Schall; Frank R. Cruz) have issued notices about the same class period — consolidation of suits, discovery and legal costs could create headline volatility and potential financial exposure. Faruqi & Faruqi Investigation
• Negative Sentiment: Insider selling: Recent filings show roughly US$2.2M of insider share sales, which some investors interpret as management/insider hedging or hesitancy and can dampen sentiment. Insider Sales Report
• Negative Sentiment: Technical/resistance risk and legacy safety issues: Technical commentary flags resistance near ~$53 and the potential for a short‑term pullback; investors remain mindful of the earlier Grasberg mine disaster and ongoing operational/PR risks despite recovery progress. Technical Analysis: Is FCX About To Sell-off?

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.