Diamond Hill Capital Management Inc. Sells 209,905 Shares of Freeport-McMoRan Inc. $FCX

Diamond Hill Capital Management Inc. lowered its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 16.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,044,405 shares of the natural resource company’s stock after selling 209,905 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Freeport-McMoRan were worth $40,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Freeport-McMoRan by 89.4% in the second 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 period. Mizuho Markets Cayman LP bought a new position in Freeport-McMoRan during the second quarter worth about $159,147,000. Crake Asset Management LLP boosted its holdings in Freeport-McMoRan by 60.6% during the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after purchasing an additional 3,593,050 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Freeport-McMoRan by 289.0% in the 3rd 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 period. Finally, AQR Capital Management LLC raised its holdings in shares of Freeport-McMoRan by 205.0% in the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after buying an additional 2,813,845 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction that occurred 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 sale, 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 SEC filing for this sale provides additional information. Corporate insiders own 0.75% of the company’s stock.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $60.60 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $54.01 and a 200 day simple moving average of $46.17. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $69.44. The firm has a market cap of $87.02 billion, a P/E ratio of 40.13, a P/E/G ratio of 0.70 and a beta of 1.47.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.28 by $0.19. The company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. Sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. UBS Group boosted their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. Jefferies Financial Group reissued a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. Finally, Wall Street Zen raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average price target of $58.40.

Key Freeport-McMoRan News

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?

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.