Q1 EPS Estimate for Freeport-McMoRan Increased by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Investment analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued on Wednesday, April 2nd. Zacks Research analyst A. Barman now forecasts that the natural resource company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.22. 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 Q3 2025 earnings at $0.48 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.53 EPS and FY2026 earnings at $2.15 EPS.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets decreased their price target on Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. upgraded Freeport-McMoRan from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $48.00 to $52.00 in a research report on Thursday, March 20th. Jefferies Financial Group raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $48.00 in a research note on Thursday, February 27th. Dbs Bank raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Scotiabank lowered their price objective on shares of Freeport-McMoRan from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus target price of $51.25.

Freeport-McMoRan Stock Down 4.2 %

Shares of NYSE FCX opened at $29.09 on Monday. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $55.24. The firm has a 50-day simple moving average of $37.35 and a two-hundred day simple moving average of $41.41. The company has a market cap of $41.81 billion, a P/E ratio of 22.55, a PEG ratio of 0.87 and a beta of 1.71. 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 (NYSE:FCX) last released its 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%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Freeport-McMoRan by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company’s stock valued at $4,692,191,000 after purchasing an additional 642,776 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Freeport-McMoRan by 21.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company’s stock worth $1,214,203,000 after buying an additional 5,735,171 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $1,122,922,000 after acquiring an additional 688,240 shares in the last quarter. Franklin Resources Inc. lifted its position in Freeport-McMoRan by 8.0% during the fourth quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company’s stock valued at $1,123,445,000 after acquiring an additional 2,191,926 shares during the last quarter. Finally, Capital World Investors boosted its stake in Freeport-McMoRan by 3.2% in the fourth quarter. Capital World Investors now owns 24,055,524 shares of the natural resource company’s stock valued at $916,037,000 after acquiring an additional 750,500 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Dividend Announcement

The business 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 dividend of $0.15 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.60 annualized dividend and a yield of 2.06%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 23.26%.

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.