Zacks Research Expects Weaker Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Research analysts at Zacks Research cut their Q1 2025 EPS estimates for Freeport-McMoRan in a note issued to investors on Monday, April 14th. Zacks Research analyst A. Barman now anticipates that the natural resource company will earn $0.20 per share for the quarter, down from their prior forecast of $0.23. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Zacks Research also issued estimates for Freeport-McMoRan's FY2026 earnings at $2.13 EPS and FY2027 earnings at $2.94 EPS.

Several other brokerages have also recently issued reports on FCX. UBS Group decreased their price objective on Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets lowered their price target on Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Hsbc Global Res upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Dbs Bank raised shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Scotiabank reduced their price objective on shares of Freeport-McMoRan from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.39.

Freeport-McMoRan Price Performance

NYSE:FCX traded up $0.03 during trading hours on Thursday, hitting $32.93. 11,381,060 shares of the stock traded hands, compared to its average volume of 13,877,344. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $55.24. The stock has a 50 day moving average price of $36.66 and a 200 day moving average price of $40.38. The company has a market cap of $47.32 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, April 15th. Freeport-McMoRan's dividend payout ratio (DPR) is presently 23.26%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Planning Inc acquired a new position in shares of Freeport-McMoRan during the fourth quarter valued at $25,000. Mizuho Bank Ltd. bought a new position in Freeport-McMoRan in the 4th quarter worth about $26,000. Vision Financial Markets LLC acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC raised its holdings in shares of Freeport-McMoRan by 487.8% during the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company's stock valued at $28,000 after buying an additional 600 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 80.77% of the company's stock.

About Freeport-McMoRan

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.