Zacks Research Expects Weaker Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Equities research analysts at Zacks Research reduced their Q1 2025 earnings estimates for shares of Freeport-McMoRan in a research report issued on Monday, April 14th. Zacks Research analyst A. Barman now forecasts that the natural resource company will earn $0.20 per share for the quarter, down from their prior forecast of $0.23. 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 FY2026 earnings at $2.13 EPS and FY2027 earnings at $2.94 EPS.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, March 6th. Raymond James upped their target price on Freeport-McMoRan from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Argus lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three 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 a consensus target price of $48.39.

Freeport-McMoRan Stock Down 1.3 %

Shares of NYSE FCX opened at $32.90 on Thursday. The stock has a market capitalization of $47.28 billion, a P/E ratio of 25.51, a PEG ratio of 0.87 and a beta of 1.71. The stock’s fifty day moving average is $36.66 and its 200 day moving average is $40.52. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $55.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan’s payout ratio is currently 23.26%.

Hedge Funds Weigh In On Freeport-McMoRan

A number of hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. grew its position in shares of Freeport-McMoRan by 33.0% in the 3rd quarter. Westside Investment Management Inc. now owns 7,867 shares of the natural resource company’s stock valued at $373,000 after buying an additional 1,950 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in Freeport-McMoRan by 5.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,306 shares of the natural resource company’s stock valued at $514,000 after acquiring an additional 490 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Freeport-McMoRan during the 3rd quarter valued at approximately $246,000. Wilmington Savings Fund Society FSB bought a new position in Freeport-McMoRan during the 3rd quarter worth approximately $754,000. Finally, Tidal Investments LLC lifted its position in shares of Freeport-McMoRan by 6.2% in the 3rd quarter. Tidal Investments LLC now owns 155,081 shares of the natural resource company’s stock worth $7,742,000 after purchasing an additional 8,995 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

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.