Geode Capital Management LLC and Franklin Resources Inc. increased their stakes in Freeport-McMoRan by 2.4% and 8.0%, respectively, during the fourth quarter, with institutional investors owning 80.77% of the company. Deutsche Bank upgraded Freeport-McMoRan to a buy rating, setting a price target of $47.00, while analysts have mixed ratings, with a consensus price target of $51.75. The company reported earnings of $0.31 per share, missing estimates, and has a market capitalization of $53.13 billion.