Zacks Research Issues Pessimistic Forecast for FCX Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Stock analysts at Zacks Research reduced their Q3 2025 EPS estimates for shares of Freeport-McMoRan in a research report issued on Wednesday, May 7th. Zacks Research analyst A. Barman now expects that the natural resource company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.48. 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 Q4 2025 earnings at $0.43 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.55 EPS and Q4 2026 earnings at $0.42 EPS.

A number of other equities analysts have also recently issued reports on FCX. Scotiabank lowered their target price on Freeport-McMoRan from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. Wolfe Research upgraded shares of Freeport-McMoRan from a “peer perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Freeport-McMoRan from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. StockNews.com downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Finally, Dbs Bank upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.09.

Freeport-McMoRan Price Performance

FCX stock opened at $39.47 on Monday. The stock has a 50-day moving average price of $36.35 and a two-hundred day moving average price of $39.07. The stock has a market cap of $56.72 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 0.87 and a beta of 1.65. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $55.24.

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

Freeport-McMoRan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. Freeport-McMoRan’s dividend payout ratio is presently 24.79%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Asset Planning Inc bought a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $25,000. Mizuho Bank Ltd. bought a new position in shares of Freeport-McMoRan during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in Freeport-McMoRan in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC increased its stake in Freeport-McMoRan by 487.8% in the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after acquiring an additional 600 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in Freeport-McMoRan in the fourth quarter valued at approximately $28,000. 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.