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J. Safra Sarasin Holding AG Has $6.37 Million Position in Freeport-McMoRan Inc. $FCX
J. Safra Sarasin Holding AG increased its stake in Freeport-McMoRan Inc. by 37.2% in the fourth quarter, holding shares worth $6.37 million. Other institutional investors have also adjusted their positions, and analysts have largely issued “buy” ratings for the stock with a consensus target price of $62.40. Company insiders recently sold a significant number of shares, while Freeport-McMoRan announced a quarterly dividend and reported strong earnings that beat consensus estimates.