Zacks Research Brokers Lower Earnings Estimates for FCX

Freeport-McMoRan Inc. (NYSE:FCX) – Investment analysts at Zacks Research decreased their Q3 2025 EPS estimates for Freeport-McMoRan in a research note issued to investors on Tuesday, October 21st. Zacks Research analyst Team now anticipates that the natural resource company will earn $0.27 per share for the quarter, down from their prior estimate of $0.45. 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 $0.23 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.43 EPS, Q4 2026 earnings at $0.37 EPS, FY2026 earnings at $1.79 EPS and FY2027 earnings at $2.04 EPS.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a net margin of 7.45% and a return on equity of 7.37%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share.

Several other analysts have also issued reports on FCX. JPMorgan Chase & Co. lifted their target price on shares of Freeport-McMoRan from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. UBS Group set a $48.00 target price on shares of Freeport-McMoRan and gave the company a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley dropped their target price on shares of Freeport-McMoRan from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company upgraded shares of Freeport-McMoRan to a “strong-buy” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.92.

Freeport-McMoRan Trading Up 0.9%

Shares of Freeport-McMoRan stock opened at $41.13 on Thursday. The firm has a 50-day simple moving average of $42.57 and a two-hundred day simple moving average of $40.88. The company has a market cap of $59.06 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.58. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $49.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.47.

Freeport-McMoRan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. Freeport-McMoRan’s payout ratio is presently 22.73%.

Hedge Funds Weigh In On Freeport-McMoRan

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Portside Wealth Group LLC boosted its position in Freeport-McMoRan by 0.8% during the second quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after acquiring an additional 245 shares during the last quarter. Hollencrest Capital Management boosted its position in Freeport-McMoRan by 0.6% during the second quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after acquiring an additional 250 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Freeport-McMoRan by 0.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock valued at $1,769,000 after purchasing an additional 250 shares during the last quarter. Waterloo Capital L.P. boosted its holdings in Freeport-McMoRan by 3.9% in the 2nd quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after purchasing an additional 251 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in Freeport-McMoRan by 0.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company’s stock valued at $1,822,000 after purchasing an additional 261 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

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.