Freeport-McMoRan (FCX) to Release Earnings on Thursday

Freeport-McMoRan (NYSE:FCX) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $5.36 billion for the quarter.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (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%. On average, analysts expect Freeport-McMoRan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Freeport-McMoRan Stock Up 0.1 %

Shares of FCX opened at $32.93 on Tuesday. The firm has a 50 day simple moving average of $36.56 and a two-hundred day simple moving average of $40.26. The company has a market cap of $47.32 billion, a P/E ratio of 25.53, a P/E/G ratio of 0.87 and a beta of 1.71. Freeport-McMoRan has a one year low of $27.66 and a one year high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18.

Freeport-McMoRan Announces Dividend

The firm 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 1.82%. The ex-dividend date is Tuesday, April 15th. Freeport-McMoRan’s dividend payout ratio is presently 23.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on FCX. Scotiabank decreased their price target on shares of Freeport-McMoRan from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. UBS Group dropped their price target on Freeport-McMoRan from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Dbs Bank upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 10th. Jefferies Financial Group upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $48.00 in a report on Thursday, February 27th. Finally, Argus downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.39.

Institutional Investors Weigh In On Freeport-McMoRan

A hedge fund recently raised its stake in Freeport-McMoRan stock. Brighton Jones LLC grew its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 24.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,807 shares of the natural resource company’s stock after buying an additional 2,882 shares during the period. Brighton Jones LLC’s holdings in Freeport-McMoRan were worth $564,000 as of its most recent filing with the SEC. Institutional investors 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.