Gateway Investment Advisers LLC Buys 236,622 Shares of Freeport-McMoRan Inc. (NYSE:FCX)
Skip to main content[1]';ad_container.style.height='auto';}},3000);]]>
Gateway Investment Advisers LLC boosted its stake in Freeport-McMoRan Inc. (NYSE:FCX[2] - Free Report[3]) by 1,674.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,752 shares of the natural resource company's stock after buying an additional 236,622 shares during the quarter. Gateway Investment Advisers LLC's holdings in Freeport-McMoRan were worth £9,493,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in shares of Freeport-McMoRan in the 4th quarter valued at £25,000. Mizuho Bank Ltd. acquired a new stake in shares of Freeport-McMoRan during the 4th quarter worth about £26,000.
Vision Financial Markets LLC bought a new position in Freeport-McMoRan during the 4th quarter valued at about £27,000. Roxbury Financial LLC bought a new position in Freeport-McMoRan during the 4th quarter valued at about £28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Freeport-McMoRan in the fourth quarter valued at about £29,000.
80.77% of the stock is currently owned by institutional investors.
Freeport-McMoRan Price Performance
Freeport-McMoRan stock[4] opened at £41.50 on Friday. The business's 50-day simple moving average is £36.45 and its 200 day simple moving average is £38.32. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31.
The stock has a market cap of £59.64 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 0.87 and a beta of 1.64. Freeport-McMoRan Inc. has a 12-month low of £27.66 and a 12-month high of £52.61. Ad Porter & Company
Trump wipes out trillions overnight... Is there anybody more powerful than Donald Trump right now?nnIn a single tariff announcement, he wiped out nearly £5 trillion in wealth from the S&P 500 and £6.4 trillion from the Dow Jones...nnNot to mention the countless trillions of dollars lost in every market around the world... leaving the major political powers scrambling in fear of Trump's next move. Whether you take some of that wealth for yourself depends on if you watch this controversial expos?
';ad_container.style.height='auto';}},3000);]]>Freeport-McMoRan (NYSE:FCX[5] - Get Free Report[6]) last issued its earnings results on Thursday, April 24th.
The natural resource company reported £0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of £0.23 by £0.01. The company had revenue of £5.73 billion for 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 company's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the firm earned £0.32 EPS. As a group, research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.
Freeport-McMoRan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st.
Shareholders of record on Tuesday, April 15th were issued a dividend of £0.15 per share. This represents a £0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, April 15th.
Freeport-McMoRan's dividend payout ratio (DPR) is presently 24.79%.
Insider Buying and Selling
In other news, CAO Ellie L. Mikes sold 8,584 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of £40.02, for a total transaction of £343,531.68.
Following the sale, the chief accounting officer now owns 48,333 shares in the company, valued at £1,934,286.66. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link[7].
0.75% of the stock is owned by corporate insiders.
Analyst Ratings Changes
FCX has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a £50.00 price objective (up previously from £48.00) on shares of Freeport-McMoRan in a report on Friday, April 25th. Scotiabank increased their price target on Freeport-McMoRan from £40.00 to £43.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 14th.
Deutsche Bank Aktiengesellschaft upgraded Freeport-McMoRan from a "hold" rating to a "buy" rating and set a £47.00 price objective for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Freeport-McMoRan from £52.00 to £42.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Hsbc Global Res upgraded Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th.
Five analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of £47.82. Check Out Our Latest Stock Analysis on Freeport-McMoRan[8]
Freeport-McMoRan Company Profile
(Free Report[9])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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting.
This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Before you consider Freeport-McMoRan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks[10] that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freeport-McMoRan wasn't on the list. While Freeport-McMoRan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here [11]
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report[12]Like this article? Share it with a colleague.
Link copied to clipboard. Ad Crypto 101 Media Banks aren't ready for this altcoin--are you?
While everyone's distracted by Bitcoin's moves, a stealth revolution is underway.nnOne altcoin is quietly positioning itself to overthrow the entire banking system. Click here to access the full report now.
';ad_container.style.height='auto';}},3000);]]>
Featured Articles and Offers
Recent Videos
Ad Crypto 101 Media Banks aren't ready for this altcoin--are you? While everyone's distracted by Bitcoin's moves, a stealth revolution is underway.nnOne altcoin is quietly positioning itself to overthrow the entire banking system.
Click here to access the full report now.
';ad_container.style.height='auto';}},3000);]]>Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.
Start Your 30-Day Trial[13]MarketBeat All Access Features
Sign in to your free account to enjoy these benefits
- In-depth profiles and analysis for 20,000 public companies.
- Real-time analyst ratings, insider transactions, earnings data, and more.
- Our daily ratings and market update email newsletter.
Sign in to your free account to enjoy all that MarketBeat has to offer.
Featured By Empowering Individual Investors
345 N Reid Place, Suite 620, Sioux Falls, SD 57103
[email protected]
(844) 978-6257
About MarketBeat
MarketBeat Products
Popular Tools
Financial Calendars
Terms & Info
(C) MarketBeat Media, LLC 2010-2025.
All rights reserved.
(C) 2025 Fair market value prices are updated every minute and are provided by Polygon.io. Other market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.
To see all exchange delays and terms of use please see Barchart's disclaimer. [14][15]
References
- ^ Skip to main content (www.marketbeat.com)
- ^ NYSE:FCX (www.marketbeat.com)
- ^ Free Report (www.marketbeat.com)
- ^ Freeport-McMoRan stock (www.marketbeat.com)
- ^ NYSE:FCX (www.marketbeat.com)
- ^ Get Free Report (www.marketbeat.com)
- ^ this link (www.sec.gov)
- ^ Check Out Our Latest Stock Analysis on Freeport-McMoRan (www.marketbeat.com)
- ^ Free Report (www.marketbeat.com)
- ^ five stocks (www.marketbeat.com)
- ^ View The Five Stocks Here (www.marketbeat.com)
- ^ Get This Free Report (marketbeat.com)
- ^ Start Your 30-Day Trial (www.marketbeat.com)
- ^ Polygon.io (polygon.io)
- ^ Barchart's disclaimer (www.barchartmarketdata.com)