Q2 EPS Forecast for Freeport-McMoRan Reduced by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Raymond James reduced their Q2 2025 earnings estimates for shares of Freeport-McMoRan in a research report issued to clients and investors on Tuesday, April 1st. Raymond James analyst B. Macarthur now expects that the natural resource company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.46. Raymond James has a “Outperform” rating and a $51.00 price objective on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James also issued estimates for Freeport-McMoRan’s Q3 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.48 EPS.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share 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%.

A number of other research firms have also recently commented on FCX. Argus cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. BMO Capital Markets decreased their price objective on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Scotiabank dropped their target price on shares of Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Dbs Bank raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $48.00 in a research report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.61.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $29.14 on Friday. The stock has a fifty day simple moving average of $37.75 and a 200-day simple moving average of $41.73. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. The stock has a market cap of $41.88 billion, a PE ratio of 22.59, a P/E/G ratio of 0.87 and a beta of 1.71. Freeport-McMoRan has a twelve month low of $28.49 and a twelve month high of $55.24.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.60 annualized dividend and a yield of 2.06%. Freeport-McMoRan’s dividend payout ratio (DPR) is 23.26%.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds have recently bought and sold shares of FCX. Asset Planning Inc purchased a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $25,000. Mizuho Bank Ltd. acquired a new position in Freeport-McMoRan during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new position in Freeport-McMoRan during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC increased its position in shares of Freeport-McMoRan by 487.8% in the 4th quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after purchasing an additional 600 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Freeport-McMoRan in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

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.