Here’s Why Freeport-McMoRan (FCX) Slipped in Q3

1 day ago 2

Soumya Eswaran

Wed, December 31, 2025 astatine 6:44 AM CST 3 min read

Diamond Hill Capital, an concern absorption company, released its “Mid Cap Strategy” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Markets continued their rally successful the 3rd quarter, with US stocks gaining implicit 8% arsenic measured by the Russell 3000 Index. Small-cap stocks experienced the strongest quarterly performance, rising by much than 12%, whereas large-cap stocks accrued by astir 8%, and mid-cap stocks saw a summation of 5%. The strategy underperformed the Russell Midcap Index successful the 3rd quarter, returning 4.49% nett vs. 5.33% for the Index. For much accusation connected the fund’s apical picks successful 2025, delight cheque its apical 5 holdings.

In its third-quarter 2025 capitalist letter, Diamond Hill Mid Cap Strategy highlighted stocks specified arsenic Freeport-McMoRan Inc. (NYSE:FCX). Freeport-McMoRan Inc. (NYSE:FCX) engages successful the mining of mineral properties. The one-month instrumentality for Freeport-McMoRan Inc. (NYSE:FCX) was 19.64%, and its shares gained 35.01% of their worth implicit the past 52 weeks. On December 30, 2025, Freeport-McMoRan Inc. (NYSE:FCX) banal closed astatine $51.41 per share, with a marketplace capitalization of $73.821 billion.

Diamond Hill Mid Cap Strategy stated the pursuing regarding Freeport-McMoRan Inc. (NYSE:FCX) successful its 3rd 4th 2025 capitalist letter:

"Other bottommost Q3 contributors included GoDaddy, Freeport-McMoRan Inc. (NYSE:FCX) and Fidelity National Information Services. Copper-focused mining institution Freeport-McMoRan had a important mudslide successful aboriginal September astatine its Grasberg Block Caves excavation successful Indonesia. Tragically, 7 workers person been confirmed dead. The institution is inactive assessing the afloat grade of the harm and the timeline for repairs — however, it is wide Q3 accumulation volition beryllium impacted by the shutdown — though it seems the existent best-case script is accumulation volition ramp backmost up implicit 2026 and instrumentality to pre-incident levels by 2027."

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Freeport-McMoRan Inc. (NYSE:FCX) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 83 hedge money portfolios held Freeport-McMoRan Inc. (NYSE:FCX) astatine the extremity of the 3rd quarter, compared to 96 successful the erstwhile quarter. While we admit the imaginable of Freeport-McMoRan Inc. (NYSE:FCX) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.