Aegis Wealth Management LLC Invests $833,000 in Freeport-McMoRan Inc. $FCX

Aegis Wealth Management LLC bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,241 shares of the natural resource company’s stock, valued at approximately $833,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after buying an additional 2,882 shares during the last quarter. Bison Wealth LLC grew its position in Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after acquiring an additional 507 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Freeport-McMoRan during the second quarter worth approximately $560,000. Callan Family Office LLC increased its stake in Freeport-McMoRan by 229.9% during the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after acquiring an additional 18,803 shares during the last quarter. Finally, PDS Planning Inc raised its position in Freeport-McMoRan by 13.2% during the second quarter. PDS Planning Inc now owns 8,226 shares of the natural resource company’s stock valued at $357,000 after purchasing an additional 961 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FCX shares. BNP Paribas Exane cut their target price on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $53.50 to $54.00 in a research note on Friday, January 23rd. Morgan Stanley set a $70.00 target price on shares of Freeport-McMoRan in a research note on Tuesday, January 27th. UBS Group raised their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, CICC Research upped their price target on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.40.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Zacks Research materially raised EPS forecasts across several quarters and years — upgrades include higher Q4 2026/Q4 2027 and FY2026/FY2027 estimates (Zacks now sees FY2027 at ~$2.71 and FY2028 at ~$2.84), signaling analysts expect stronger earnings leverage if commodity prices hold.
• Positive Sentiment: Major price‑target bump: an analyst raise lifted FCX’s target (reported +10.45% to $62.23), which supports near‑term upside and helps explain bullish flow into the stock. Freeport-McMoRan (FCX) price target increased by 10.45% to 62.23
• Positive Sentiment: Commodity backdrop: coverage highlights Freeport benefiting from record/high copper prices and management’s focus on disciplined growth — a supportive macro/industry tailwind for revenue and margins if prices persist. Freeport-McMoRan Rides Record Copper Prices With Disciplined Growth Focus
• Neutral Sentiment: Valuation and earnings context: analysts and writeups are debating valuation after the recent run and the latest quarterly results — supportive earnings beats but valuations now reflect optimism, so outperformance may require continued strong copper and execution. Freeport-McMoRan (FCX) Valuation Check After Earnings And Copper Demand Optimism
• Negative Sentiment: Cautionary note after the rally: a recent analysis warns that despite a ~47% six‑month gain, higher operating costs and lower volumes in some periods could temper upside and argues for caution on further rallies absent improving fundamentals. Should You Buy, Sell or Hold FCX Stock After a 47% Rally in 6 Months?

Freeport-McMoRan Trading Up 2.3%

NYSE FCX opened at $60.60 on Monday. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $69.44. The company’s 50-day moving average price is $54.01 and its 200-day moving average price is $46.18. The stock has a market cap of $87.02 billion, a PE ratio of 40.13, a PEG ratio of 0.70 and a beta of 1.47. 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 (NYSE:FCX) last issued its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Equities research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was 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 19.87%.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by corporate insiders.

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.