16,455 Freeport-McMoRan Inc. $FCX Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. lifted its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,261 shares of the natural resource company’s stock after purchasing an additional 16,455 shares during the period. Freeport-McMoRan accounts for approximately 1.1% of Traynor Capital Management Inc.’s holdings, making the stock its 18th largest holding. Traynor Capital Management Inc.’s holdings in Freeport-McMoRan were worth $23,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jupiter Topco LLC bought a new position in Freeport-McMoRan during the second quarter worth about $739,890,000. Bank of America Corp DE increased its stake in shares of Freeport-McMoRan by 20.0% in the 1st quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Freeport-McMoRan by 101.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,498,267 shares of the natural resource company’s stock valued at $675,896,000 after acquiring an additional 5,784,156 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Freeport-McMoRan by 84.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,448,772 shares of the natural resource company’s stock valued at $381,414,000 after acquiring an additional 2,501,881 shares during the period. Finally, State Street Corp boosted its stake in Freeport-McMoRan by 3.6% during the 2nd quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock worth $4,181,268,000 after acquiring an additional 2,300,416 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

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

Insiders Place Their Bets

In other news, CAO Ellie Mikes sold 4,773 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the sale, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director directly owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 102,848 shares of company stock worth $7,911,621 in the last three months. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Price Performance

NYSE FCX opened at $62.44 on Monday. The firm’s 50 day moving average is $71.59 and its 200-day moving average is $65.24. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $89.67 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.38. Freeport-McMoRan Inc. has a 12-month low of $38.54 and a 12-month high of $80.24.

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

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s payout ratio is 12.61%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCX. Stifel Nicolaus boosted their price objective on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Scotiabank decreased their price target on shares of Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating for the company in a report on Wednesday. Sanford C. Bernstein decreased their price target on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Bank of America upped their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Barclays lifted their target price on Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.67.

About Freeport-McMoRan

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.