Zacks Research Analysts Decrease Earnings Estimates for FCX

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Zacks Research cut their Q2 2025 earnings estimates for shares of Freeport-McMoRan in a research note issued on Wednesday, April 2nd. Zacks Research analyst A. Barman now expects that the natural resource company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.47. 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 Q4 2025 earnings at $0.49 EPS, Q1 2026 earnings at $0.49 EPS, Q1 2027 earnings at $0.61 EPS and FY2027 earnings at $2.96 EPS.

FCX has been the topic of a number of other research reports. BMO Capital Markets decreased their target price on Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of Freeport-McMoRan from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $48.00 to $52.00 in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research report on Thursday, March 6th. Dbs Bank upgraded Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Sanford C. Bernstein downgraded Freeport-McMoRan from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $51.00 to $46.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.25.

Remove Ads

Freeport-McMoRan Price Performance

FCX stock traded up $2.62 during mid-day trading on Friday, reaching $31.83. 16,044,518 shares of the company's stock were exchanged, compared to its average volume of 13,739,369. 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 has a 12-month low of $27.66 and a 12-month high of $55.24. The stock's 50 day moving average is $37.35 and its 200 day moving average is $41.41. The company has a market cap of $45.75 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

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

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan's dividend payout ratio is presently 23.26%.

Institutional Trading of Freeport-McMoRan

Large investors have recently made changes to their positions in the company. Continuum Advisory LLC increased its position in shares of Freeport-McMoRan by 46.8% in the 3rd quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company's stock valued at $37,000 after purchasing an additional 236 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Freeport-McMoRan by 47.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock worth $32,000 after purchasing an additional 268 shares during the last quarter. PFG Investments LLC boosted its holdings in Freeport-McMoRan by 1.3% in the fourth quarter. PFG Investments LLC now owns 22,910 shares of the natural resource company's stock valued at $872,000 after purchasing an additional 283 shares in the last quarter. Palogic Value Management L.P. increased its stake in Freeport-McMoRan by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 20,277 shares of the natural resource company's stock valued at $772,000 after purchasing an additional 292 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Freeport-McMoRan by 1.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 19,104 shares of the natural resource company's stock worth $727,000 after purchasing an additional 307 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

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.