Q2 EPS Forecast for Freeport-McMoRan Lowered by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Equities researchers at Zacks Research lowered their Q2 2025 earnings per share estimates for Freeport-McMoRan in a research report issued on Wednesday, May 7th. Zacks Research analyst A. Barman now forecasts that the natural resource company will earn $0.41 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 FY2025 earnings at $1.49 EPS, FY2026 earnings at $1.86 EPS, Q1 2027 earnings at $0.53 EPS and FY2027 earnings at $2.75 EPS.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.36 billion. Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS.

FCX has been the topic of several other reports. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Freeport-McMoRan in a research report on Friday, April 25th. UBS Group decreased their target price on shares of Freeport-McMoRan from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Wolfe Research upgraded shares of Freeport-McMoRan from a “peer perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research report on Wednesday, April 16th. Raymond James restated an “outperform” rating and set a $52.00 price objective on shares of Freeport-McMoRan in a research report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft raised Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan has a consensus rating of “Moderate Buy” and a consensus target price of $48.09.

Freeport-McMoRan Trading Up 0.7 %

Shares of Freeport-McMoRan stock opened at $37.76 on Friday. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $55.24. The company’s fifty day simple moving average is $36.29 and its 200-day simple moving average is $39.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. The stock has a market capitalization of $54.26 billion, a PE ratio of 29.27, a P/E/G ratio of 0.87 and a beta of 1.65.

Institutional Trading of Freeport-McMoRan

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Freeport-McMoRan by 1.5% during the first quarter. Vanguard Group Inc. now owns 125,042,285 shares of the natural resource company’s stock worth $4,734,101,000 after acquiring an additional 1,822,987 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Freeport-McMoRan by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company’s stock valued at $1,214,203,000 after purchasing an additional 5,735,171 shares during the last quarter. Geode Capital Management LLC raised its holdings in Freeport-McMoRan by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 29,579,298 shares of the natural resource company’s stock valued at $1,122,922,000 after buying an additional 688,240 shares during the period. Franklin Resources Inc. lifted its position in Freeport-McMoRan by 8.0% in the fourth quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company’s stock worth $1,123,445,000 after buying an additional 2,191,926 shares during the last quarter. Finally, Capital World Investors boosted its stake in Freeport-McMoRan by 3.2% during the fourth quarter. Capital World Investors now owns 24,055,524 shares of the natural resource company’s stock worth $916,037,000 after buying an additional 750,500 shares during the period. 80.77% of the stock is currently owned by institutional investors.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.60 annualized dividend and a yield of 1.59%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 24.79%.

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.