40,693 Shares in Freeport-McMoRan Inc. $FCX Purchased by Addison Capital Co

Addison Capital Co. has acquired 40,693 shares of Freeport-McMoRan (NYSE: FCX) in Q4, valued at approximately $2.07 million, marking a new position for the firm. This comes as Freeport-McMoRan reported strong quarterly earnings, beating analyst expectations with $0.57 EPS and $6.23 billion in revenue, an 8.8% year-over-year increase. Despite insider selling activity, institutional investors hold a significant stake in the company, and analysts have a “Moderate Buy” rating with a consensus price target of $65.19.

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