Ameriprise Financial Inc. lifted its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,219,658 shares of the natural resource company's stock after purchasing an additional 650,483 shares during the quarter. Ameriprise Financial Inc.
Banque Cantonale Vaudoise raised its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 570.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,984 shares of the natural resource company's stock after acquiring an additional 11,897 shares during the quarter. Banque Cantonale
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Freeport-McMoRan Inc. NYSE: FCX came into 2026 riding a wave of bullish sentiment. The company is one of the world's leading copper miners at a time when basic materials stocks, in general, and mining stocks, in particular, are considered among the safest investments.
FCX is up 39% in three months on strong copper prices, but higher costs and lower volumes suggest caution after the rally.
Freeport saw Q4 unit cash costs surge 59% on lower copper volumes and the miner expects an even sharper cost jump in Q1.
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In the most recent trading session, Freeport-McMoRan (FCX) closed at $65.57, indicating a -3.98% shift from the previous trading day.
Freeport-McMoRan (FCX) – a global mining and oil extraction firm – has experienced a 5-day winning streak, with total increases during this time reaching 11%. The company's market capitalization has grown by approximately $9.8 billion over the last 5 days, currently amounting to $98 billion.
Recently, Zacks.com users have been paying close attention to Freeport-McMoRan (FCX). This makes it worthwhile to examine what the stock has in store.
Freeport-McMoRan Inc. (FCX) Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript
Freeport-McMoRan is rated Buy, driven by the Americas Leach Innovation Initiative unlocking 42 billion pounds of copper with negligible CapEx. FCX's leach initiative targets 800 million pounds of annual production by 2030, structurally expanding margins and reducing capital intensity versus traditional mining. Key risks include geotechnical fragility at Grasberg Softzone; failure to isolate this area could sterilize reserves and compress valuation multiples.