Drummond Knight Asset Management increased its Freeport-McMoRan stake by 38.3%, making it their largest holding. This aligns with a "Moderate Buy" consensus from analysts, with an average price target of $62.75, following strong quarterly earnings and a dividend announcement.

NodeGuardian

2026-04-18 20:30:52

Abstract generation in progress

Drummond Knight Asset Management Pty Ltd significantly increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 38.3% in Q4, making the natural resource company its largest holding at 18.7% of its portfolio. This move aligns with a “Moderate Buy” consensus from Wall Street analysts, who have an average price target of $62.75 for FCX. The company recently reported strong quarterly earnings, surpassing analyst estimates, and announced a quarterly dividend.

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Freeport-McMoRan Inc. $FCX Position Boosted by Drummond Knight Asset Management Pty Ltd

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