Zacks Research Analysts Lower Earnings Estimates for FCX

Freeport-McMoRan Inc. (NYSE:FCX) – Zacks Research reduced their Q3 2025 earnings estimates for shares of Freeport-McMoRan in a research report issued to clients and investors on Tuesday, September 16th. Zacks Research analyst Team now forecasts that the natural resource company will post earnings per share of $0.45 for the quarter, down from their previous forecast of $0.49. 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 $1.75 EPS, Q3 2026 earnings at $0.61 EPS, FY2026 earnings at $2.33 EPS and Q1 2027 earnings at $0.65 EPS.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Wednesday, July 23rd. The natural resource company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $6.85 billion. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%.Freeport-McMoRan’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS.

FCX has been the topic of a number of other reports. Stifel Canada raised Freeport-McMoRan to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their target price on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Freeport-McMoRan from $42.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. BNP Paribas Exane increased their price objective on shares of Freeport-McMoRan from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley downgraded shares of Freeport-McMoRan from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $45.00 to $54.00 in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.33.

Freeport-McMoRan Stock Performance

NYSE:FCX opened at $44.95 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.47. The stock has a 50-day simple moving average of $43.60 and a two-hundred day simple moving average of $40.35. The firm has a market capitalization of $64.54 billion, a PE ratio of 34.06, a P/E/G ratio of 0.84 and a beta of 1.59. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $52.61.

Hedge Funds Weigh In On Freeport-McMoRan

Several institutional investors have recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Freeport-McMoRan in the 1st quarter worth $366,959,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Freeport-McMoRan by 89.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after purchasing an additional 8,292,873 shares in the last quarter. Amundi grew its position in shares of Freeport-McMoRan by 28.1% during the first quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock valued at $1,046,280,000 after purchasing an additional 6,054,537 shares in the last quarter. Crake Asset Management LLP increased its holdings in shares of Freeport-McMoRan by 2,140.8% in the first quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company’s stock worth $224,496,000 after purchasing an additional 5,665,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Freeport-McMoRan by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,547,489 shares of the natural resource company’s stock worth $1,421,549,000 after buying an additional 5,661,958 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, July 15th. Freeport-McMoRan’s payout ratio is 22.73%.

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.