Zacks Research Issues Pessimistic Outlook for FCX Earnings

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Zacks Research dropped their Q1 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued on Tuesday, February 25th. Zacks Research analyst A. Barman now expects that the natural resource company will earn $0.22 per share for the quarter, down from their previous estimate of $0.24. 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 FY2025 earnings at $1.64 EPS, Q1 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.61 EPS, FY2026 earnings at $2.12 EPS and FY2027 earnings at $2.94 EPS.

FCX has been the topic of several other reports. Jefferies Financial Group upgraded Freeport-McMoRan from a "hold" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $48.00 in a report on Thursday. JPMorgan Chase & Co. cut their price target on Freeport-McMoRan from $55.00 to $48.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Scotiabank decreased their price objective on Freeport-McMoRan from $48.00 to $45.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. Sanford C. Bernstein cut shares of Freeport-McMoRan from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $51.00 to $46.00 in a report on Tuesday, January 7th. Finally, Argus lowered shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Eight 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.04.

Freeport-McMoRan Trading Down 1.3 %

Shares of NYSE:FCX traded down $0.51 during trading on Thursday, reaching $36.92. 14,776,973 shares of the company were exchanged, compared to its average volume of 14,538,130. The firm has a market capitalization of $53.05 billion, a PE ratio of 28.62, a P/E/G ratio of 0.87 and a beta of 1.85. The business's fifty day simple moving average is $38.31 and its 200-day simple moving average is $42.59. Freeport-McMoRan has a 12-month low of $34.89 and a 12-month high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18.

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

Institutional Trading of Freeport-McMoRan

A number of institutional investors have recently made changes to their positions in FCX. Mountaineer Partners Management LLC boosted its holdings in Freeport-McMoRan by 4,767.8% in the third quarter. Mountaineer Partners Management LLC now owns 11,933,126 shares of the natural resource company's stock worth $595,702,000 after acquiring an additional 11,687,982 shares in the last quarter. Wellington Management Group LLP boosted its stake in Freeport-McMoRan by 237.4% in the 4th quarter. Wellington Management Group LLP now owns 9,218,518 shares of the natural resource company's stock worth $351,041,000 after purchasing an additional 6,486,011 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Freeport-McMoRan by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company's stock worth $1,214,203,000 after purchasing an additional 5,735,171 shares in the last quarter. Amundi boosted its stake in Freeport-McMoRan by 30.2% in the 4th quarter. Amundi now owns 21,580,960 shares of the natural resource company's stock worth $857,305,000 after purchasing an additional 5,001,531 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Freeport-McMoRan by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,273,162 shares of the natural resource company's stock worth $619,682,000 after purchasing an additional 4,488,210 shares in the last quarter. 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.