Raymond James Forecasts Lower Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Research analysts at Raymond James lowered their Q2 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a note issued to investors on Monday, January 6th. Raymond James analyst B. Macarthur now expects that the natural resource company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.51. Raymond James currently has a "Outperform" rating and a $57.00 target price on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.49 per share. Raymond James also issued estimates for Freeport-McMoRan's Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.79 EPS.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The natural resource company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.45 billion. Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share.

FCX has been the subject of several other reports. Morgan Stanley decreased their price target on shares of Freeport-McMoRan from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on Freeport-McMoRan from $53.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 15th. Scotiabank decreased their price objective on Freeport-McMoRan from $52.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $51.00 to $46.00 in a research note on Tuesday. Finally, StockNews.com cut Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.96.

Freeport-McMoRan Trading Up 2.7 %

Shares of NYSE:FCX traded up $1.03 during mid-day trading on Wednesday, hitting $39.77. The company had a trading volume of 15,584,579 shares, compared to its average volume of 13,761,984. The company has a market capitalization of $57.15 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.86. Freeport-McMoRan has a one year low of $36.26 and a one year high of $55.24. The firm has a fifty day moving average price of $42.32 and a 200 day moving average price of $44.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30.

Freeport-McMoRan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 15th. This is a positive change from Freeport-McMoRan's previous quarterly dividend of $0.08. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Freeport-McMoRan's payout ratio is presently 21.90%.

Institutional Trading of Freeport-McMoRan

Institutional investors have recently modified their holdings of the business. Matrix Trust Co purchased a new stake in shares of Freeport-McMoRan during the third quarter worth $25,000. Spectrum Wealth Counsel LLC purchased a new position in Freeport-McMoRan during the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Freeport-McMoRan by 1,170.7% during the second quarter. Hazlett Burt & Watson Inc. now owns 521 shares of the natural resource company's stock valued at $25,000 after buying an additional 480 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Freeport-McMoRan in the second quarter worth about $27,000. Finally, Godsey & Gibb Inc. boosted its position in shares of Freeport-McMoRan by 150.4% in the third quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company's stock valued at $29,000 after acquiring an additional 346 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.