Harbor Capital Advisors Inc. Sells 18,069 Shares of Freeport-McMoRan Inc. (NYSE:FCX)

June 13, 2025

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Harbor Capital Advisors Inc. lessened its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 35.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,628 shares of the natural resource company’s stock after selling 18,069 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Freeport-McMoRan were worth $1,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Madison Investment Advisors LLC bought a new stake in Freeport-McMoRan during the 4th quarter valued at $3,388,000. Vanguard Group Inc. increased its stake in Freeport-McMoRan by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company’s stock valued at $4,692,191,000 after purchasing an additional 642,776 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Freeport-McMoRan by 237.4% during the 4th quarter. Wellington Management Group LLP now owns 9,218,518 shares of the natural resource company’s stock worth $351,041,000 after acquiring an additional 6,486,011 shares during the last quarter. PGGM Investments boosted its holdings in Freeport-McMoRan by 220.3% during the 4th quarter. PGGM Investments now owns 40,467 shares of the natural resource company’s stock worth $1,541,000 after acquiring an additional 27,834 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Freeport-McMoRan during the 4th quarter worth $2,768,000. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Price Performance

FCX opened at $41.19 on Friday. The firm has a market cap of $59.19 billion, a P/E ratio of 31.93, a PEG ratio of 0.87 and a beta of 1.64. The firm has a 50-day moving average of $37.16 and a 200 day moving average of $38.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $52.61.

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Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.36 billion. Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. Freeport-McMoRan’s dividend payout ratio is presently 24.79%.

Analysts Set New Price Targets

A number of research firms have issued reports on FCX. Royal Bank of Canada lifted their price objective on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Thursday, March 6th. UBS Group cut their price objective on shares of Freeport-McMoRan from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.82.

Check Out Our Latest Stock Report on Freeport-McMoRan

Insiders Place Their Bets

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $40.02, for a total transaction of $343,531.68. Following the completion of the transaction, the chief accounting officer now owns 48,333 shares in the company, valued at $1,934,286.66. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan Profile

(Free Report)

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company’s assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.