Freeport-McMoRan Inc. (NYSE:FCX) has recently seen significant buys and sales by multiple asset management companies. Principal Securities and CIBC Asset Management were among the companies that increased their shareholdings, while others like Paradigm Asset Management and Montag A & Associates trimmed theirs. Despite a difficult year in 2024, FCX is still receiving a moderate buy rating from brokerages. The company's Full Year 2024 earnings results underperformed expectations, raising questions about its future performance. Freeport-McMoRan, however, continues to receive invesment interest, with its ownership heavily dominated by institutional owners at 85%. The company saw an especially significant investment from Global Retirement Partners, which has a $3.27 million stake in FCX. In terms of performance, the company has returned 3.0% this week, boosting its five-year gains to 230%. Despite earnings misses, analysts continue to favour FCX as a leading material stock investment, driven in part by its substantial copper operations. However, the decline in FCX's copper sales has sparked mixed reactions from analysts.
Freeport-Mcmoran FCX News Analytics from Wed, 25 Sep 2024 07:00:00 GMT to Sat, 22 Feb 2025 22:51:40 GMT - Rating -4 - Innovation 2 - Information 2 - Rumor -1
