Keybank National Association OH Lowers Stake in Freeport-McMoRan Inc. $FCX

Keybank National Association OH decreased its position in Freeport-McMoRan Inc. (NYSE:FCX) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 2,321,933 shares of the natural resource company’s stock after selling 48,770 shares during the quarter. Keybank National Association OH’s holdings in Freeport-McMoRan were worth $91,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new position in Freeport-McMoRan during the 3rd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Freeport-McMoRan during the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC lifted its holdings in Freeport-McMoRan by 1,962.9% during the 3rd 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. Pilgrim Partners Asia Pte Ltd purchased a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $36,000. Finally, Proffitt & Goodson Inc. grew its stake in shares of Freeport-McMoRan by 39.8% in the third quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after acquiring an additional 278 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Trading Down 7.6%

NYSE:FCX opened at $60.20 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $69.44. The stock’s 50 day moving average price is $52.04 and its 200 day moving average price is $45.58. The company has a market capitalization of $86.44 billion, a PE ratio of 39.87, a P/E/G ratio of 0.77 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. On average, research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 19.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCX. Raymond James Financial increased their price objective on Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Morgan Stanley set a $70.00 target price on shares of Freeport-McMoRan in a research note on Tuesday. 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 report on Wednesday, November 19th. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $58.40.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Q4 earnings beat — Freeport reported adjusted EPS of $0.47, well above expectations, and solid revenue that confirmed margin leverage to higher copper prices. Inside Freeport’s Latest Earnings
• Positive Sentiment: Copper price rally — Supply disruptions in South America, China stimulus and accelerating EV/renewables demand are pushing copper higher, which benefits pure‑play producers like Freeport. 3 Top Copper Stocks to Watch as Copper Prices Skyrocket: BHP, FCX, SCCO
• Positive Sentiment: Structural demand theme — Analysts and market research highlight an AI‑driven scarcity premium for copper, reinforcing a multi‑year bull case for miners. Digging Into Demand: Copper’s Scarcity Premium Is Rising
• Positive Sentiment: Valuation upside flagged — A valuation piece suggests intrinsic value materially above current share price, supporting longer‑term upside. Freeport-McMoRan Inc.’s (NYSE:FCX) Intrinsic Value Is Potentially 74% Above Its Share Price
• Positive Sentiment: Unusually large call activity — Traders bought ~175k call contracts, signaling bullish positioning or hedged speculation that can amplify moves higher if sentiment flips.
• Neutral Sentiment: Analyst commentary roundup — Market notes and analyst insights on Freeport and peers provide mixed views on cost structure, growth projects and commodity exposure. Analysts Offer Insights on Materials Companies: Freeport-McMoRan (FCX) and Albemarle (ALB)
• Negative Sentiment: Operational uncertainty at Grasberg — Ongoing restart plans and recent disruptions keep production risk on the table, a headline risk that can trigger volatility. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Negative Sentiment: Profit‑taking and technical selling — After hitting all‑time highs, the stock drew selling pressure and high intraday volume, which can magnify a pullback even with positive fundamentals. Freeport McMoRan stock hits all-time high at 68.94 USD

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the company’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 sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the transaction, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by corporate insiders.

About Freeport-McMoRan

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.