Zacks Research Brokers Boost Earnings Estimates for FCX

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for shares of Freeport-McMoRan in a report issued on Wednesday, April 2nd. Zacks Research analyst A. Barman now forecasts that the natural resource company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.22. 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 Q3 2025 earnings at $0.48 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.53 EPS and FY2026 earnings at $2.15 EPS.

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

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Freeport-McMoRan from $52.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday. Jefferies Financial Group raised Freeport-McMoRan from a "hold" rating to a "buy" rating and raised their price objective for the company from $40.00 to $48.00 in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a report on Thursday, March 6th. Scotiabank reduced their price target on Freeport-McMoRan from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Monday. Finally, Raymond James lifted their price target on Freeport-McMoRan from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.88.

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Freeport-McMoRan Stock Up 6.4 %

Shares of Freeport-McMoRan stock traded up $2.01 during trading on Monday, hitting $33.36. The company's stock had a trading volume of 26,222,183 shares, compared to its average volume of 13,900,497. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $55.24. The company has a market capitalization of $47.94 billion, a PE ratio of 25.86, a P/E/G ratio of 0.87 and a beta of 1.71. The company has a fifty day simple moving average of $37.10 and a two-hundred day simple moving average of $41.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Freeport-McMoRan by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company's stock worth $4,692,191,000 after acquiring an additional 642,776 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Freeport-McMoRan by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company's stock valued at $1,214,203,000 after purchasing an additional 5,735,171 shares during the period. Geode Capital Management LLC increased its position in shares of Freeport-McMoRan by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 29,579,298 shares of the natural resource company's stock valued at $1,122,922,000 after purchasing an additional 688,240 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Freeport-McMoRan by 8.0% in the 4th quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company's stock worth $1,123,445,000 after purchasing an additional 2,191,926 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Freeport-McMoRan by 3.2% in the fourth quarter. Capital World Investors now owns 24,055,524 shares of the natural resource company's stock worth $916,037,000 after buying an additional 750,500 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan's dividend payout ratio (DPR) is presently 23.26%.

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.