FCX Q2 EPS Estimate Decreased by Raymond James Financial

Freeport-McMoRan Inc. (NYSE:FCX) – Equities researchers at Raymond James Financial dropped their Q2 2025 EPS estimates for shares of Freeport-McMoRan in a note issued to investors on Wednesday, July 2nd. Raymond James Financial analyst B. Macarthur now forecasts that the natural resource company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.57. Raymond James Financial currently has a “Outperform” rating and a $52.00 price target on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James Financial also issued estimates for Freeport-McMoRan’s FY2025 earnings at $1.84 EPS.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.36 billion. Freeport-McMoRan had a net margin of 7.11% and a return on equity of 7.03%. The firm’s revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS.

Several other brokerages have also issued reports on FCX. JPMorgan Chase & Co. decreased their price target on shares of Freeport-McMoRan from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Scotiabank raised shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $43.00 to $48.00 in a report on Monday, June 16th. Wolfe Research raised shares of Freeport-McMoRan from a “peer perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Wednesday, April 16th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Freeport-McMoRan in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.27.

Freeport-McMoRan Trading Up 0.2%

Shares of Freeport-McMoRan stock opened at $45.86 on Friday. The firm has a market capitalization of $65.90 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.64. The company has a current ratio of 2.32, a quick ratio of 1.13 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $40.18 and its 200 day moving average is $38.29. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $52.61.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Freeport-McMoRan’s dividend payout ratio is currently 24.79%.

Insider Activity at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 8,584 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $40.02, for a total value of $343,531.68. Following the sale, the chief accounting officer directly owned 48,333 shares of the company’s stock, valued at approximately $1,934,286.66. This represents a 15.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Freeport-McMoRan

Institutional investors have recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of Freeport-McMoRan in the 4th quarter valued at $26,000. Vision Financial Markets LLC bought a new stake in shares of Freeport-McMoRan in the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC boosted its stake in shares of Freeport-McMoRan by 47.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. City Holding Co. bought a new stake in shares of Freeport-McMoRan in the 1st quarter valued at $33,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Freeport-McMoRan in the 4th quarter valued at $35,000. 80.77% of the stock is owned by institutional investors.

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.