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2 clusters · 2 sources · 15 days · First seen · Last updated

Freeport-McMoRan institutional investment and earnings

Overview

Freeport-McMoRan Inc. has experienced fluctuations in both earnings projections and institutional investment holdings.

In early August 2026, analysts adjusted earnings expectations, with Zacks Research lowering Q3 2026 estimates to $0.63 per share. During this period, institutional activity was mixed; NewEdge Advisors LLC reduced its stake by 14.7%, while Fifth Third Bancorp and Franklin Resources Inc. increased their positions. Some analysts raised price targets, while others, such as Raymond James Financial, lowered them.

By late August 2026, SEC filings indicated further shifts in institutional ownership during the second quarter. Oversea Chinese Banking Corp Ltd acquired a stake valued at approximately $835,000, and Connor Clark & Lunn Investment Management Ltd. increased its holdings by 53.8%. Conversely, Allstate Corp reduced its position by 20.3%. Hedge funds and other institutional investors collectively hold approximately 80.77% of the company’s stock.

Entities

Freeport-McMoRan Inc. · Barclays · NewEdge Advisors LLC · Allstate Corp · Securities and Exchange Commission

Timeline

  1. 21 days ago

    [BUSINESS] 2 sources
    Freeport-McMoRan Inc. sees shifting institutional holdings

    Institutional investors are adjusting stakes in Freeport-McMoRan Inc., with Oversea Chinese Banking Corp Ltd purchasing new shares while Allstate Corp reduced its holdings by over 20% in the second quarter.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Freeport-McMoRan faces lower earnings estimates and shifting investor stakes

    Freeport-McMoRan faces lowered earnings estimates from Zacks Research amid varying institutional trading activity and mixed analyst price target adjustments.

Sources

mommygearest.com · stocknews.com