Freeport-McMoRan Inc. $FCX Shares Bought by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC raised its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 179.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,846 shares of the natural resource company’s stock after purchasing an additional 15,319 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Freeport-McMoRan were worth $1,669,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FCX. Brian Low Financial Group LLC increased its position in Freeport-McMoRan by 14.7% in the third quarter. Brian Low Financial Group LLC now owns 33,325 shares of the natural resource company’s stock worth $2,333,000 after purchasing an additional 4,259 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Freeport-McMoRan in the 3rd quarter worth $3,227,000. Parcion Private Wealth LLC grew its stake in shares of Freeport-McMoRan by 3.1% in the 3rd quarter. Parcion Private Wealth LLC now owns 102,453 shares of the natural resource company’s stock worth $7,172,000 after buying an additional 3,054 shares in the last quarter. Partners Wealth Management LLC purchased a new position in shares of Freeport-McMoRan in the 3rd quarter worth $824,000. Finally, Choreo LLC raised its position in shares of Freeport-McMoRan by 5.0% during the 3rd quarter. Choreo LLC now owns 36,381 shares of the natural resource company’s stock valued at $2,547,000 after buying an additional 1,739 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Insiders Place Their Bets

In other Freeport-McMoRan news, EVP Douglas Currault, II sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the completion of the transaction, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ellie Mikes sold 4,773 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at approximately $2,520,000. This represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,848 shares of company stock worth $7,911,621 over the last three months. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FCX has been the topic of several analyst reports. Morgan Stanley boosted their price objective on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Sanford C. Bernstein lowered their price objective on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on Freeport-McMoRan from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus lifted their target price on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings downgraded Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $62.44 on Friday. The firm has a 50-day moving average price of $71.59 and a 200-day moving average price of $65.24. The firm has a market capitalization of $89.66 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39. The company has a current ratio of 2.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23. Freeport-McMoRan Inc. has a 12-month low of $38.54 and a 12-month high of $80.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. As a group, equities research analysts forecast that Freeport-McMoRan Inc. will post 3.04 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.0750 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 12.61%.

Freeport-McMoRan Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.