Mirae Asset Global Investments Co. Ltd. Sells 36,212 Shares of Freeport-McMoRan Inc. $FCX

Mirae Asset Global Investments Co. Ltd. decreased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 15.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 191,544 shares of the natural resource company’s stock after selling 36,212 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Freeport-McMoRan were worth $7,512,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Freeport-McMoRan by 1.6% during the second quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company’s stock valued at $5,504,754,000 after purchasing an additional 1,941,662 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Freeport-McMoRan by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company’s stock worth $2,703,250,000 after purchasing an additional 1,926,493 shares in the last quarter. State Street Corp boosted its holdings in shares of Freeport-McMoRan by 0.5% in the 2nd quarter. State Street Corp now owns 61,787,174 shares of the natural resource company’s stock worth $2,678,474,000 after purchasing an additional 320,514 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Freeport-McMoRan by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,671,223 shares of the natural resource company’s stock valued at $849,945,000 after purchasing an additional 435,963 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Freeport-McMoRan by 89.4% during 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 buying an additional 8,292,873 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Price Performance

FCX stock opened at $60.20 on Friday. The stock has a market capitalization of $86.44 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 0.77 and a beta of 1.45. The firm’s 50-day moving average price is $52.04 and its two-hundred day moving average price is $45.59. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $69.44.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm earned $0.31 earnings per share. Freeport-McMoRan’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current 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 issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

Insider Buying and Selling

In related news, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer 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 legal filing with the SEC, 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by corporate insiders.

Freeport-McMoRan News Summary

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

Analysts Set New Price Targets

Several analysts have issued reports on FCX shares. BMO Capital Markets upped their target price on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. CICC Research upped their price objective on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a research note on Monday, January 26th. UBS Group lifted their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citigroup boosted their price target on shares of Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Scotiabank upped their price target on shares of Freeport-McMoRan from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $58.40.

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.