Zacks Research Issues Positive Outlook for FCX Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Analysts at Zacks Research raised their Q1 2025 EPS estimates for shares of Freeport-McMoRan in a research note issued to investors on Wednesday, April 2nd. Zacks Research analyst A. Barman now anticipates that the natural resource company will earn $0.23 per share 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.

A number of other analysts also recently weighed in on FCX. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $51.00 to $46.00 in a research report on Tuesday, January 7th. StockNews.com raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Monday, March 31st. Argus lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Dbs Bank upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft raised Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Freeport-McMoRan currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.61.

Freeport-McMoRan Price Performance

FCX stock opened at $29.14 on Monday. The stock’s 50 day moving average is $37.75 and its two-hundred day moving average is $41.71. Freeport-McMoRan has a 52-week low of $28.49 and a 52-week high of $55.24. The company has a market capitalization of $41.88 billion, a PE ratio of 22.59, a P/E/G ratio of 0.87 and a beta of 1.71. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results 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 return on equity of 7.50% and a net margin of 7.42%.

Hedge Funds Weigh In On Freeport-McMoRan

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC lifted its position in Freeport-McMoRan by 9.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 164,640 shares of the natural resource company’s stock valued at $8,219,000 after purchasing an additional 14,501 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Freeport-McMoRan during the third quarter valued at approximately $754,000. Madison Investment Advisors LLC acquired a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $3,388,000. Principal Financial Group Inc. grew its holdings in Freeport-McMoRan by 4.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,684,393 shares of the natural resource company’s stock worth $84,085,000 after buying an additional 66,699 shares in the last quarter. Finally, Czech National Bank increased its position in Freeport-McMoRan by 6.4% in the 4th quarter. Czech National Bank now owns 311,555 shares of the natural resource company’s stock valued at $11,864,000 after acquiring an additional 18,852 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Dividend Announcement

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 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, April 15th. Freeport-McMoRan’s dividend payout ratio 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.