FY2027 Earnings Forecast for FCX Issued By Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for Freeport-McMoRan to $4.28 from $4.32, while maintaining a Buy rating.
• Analyst sentiment remains broadly positive: FCX has a consensus Moderate Buy rating and an average price target of $76.27, with several firms recently raising their targets.
• Freeport-McMoRan declared a quarterly dividend of $0.075 per share, equal to $0.30 annually and a 0.5% yield; insiders have sold roughly $8.4 million of stock over the past 90 days.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Analysts at Erste Group Bank cut their FY2027 EPS estimates for Freeport-McMoRan in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the natural resource company will earn $4.28 per share for the year, down from their prior estimate of $4.32. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $3.05 per share.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley lifted their price objective on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 7th. Citigroup upped their target price on Freeport-McMoRan from $66.00 to $84.00 and gave the company a "buy" rating in a report on Monday, October 5th. JPMorgan Chase & Co. upped their target price on Freeport-McMoRan from $77.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Wall Street Zen lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Freedom Broker cut shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.27.

Freeport-McMoRan Stock Up 0.0%

Shares of NYSE:FCX opened at $65.20 on Monday. The stock's 50-day moving average is $72.02 and its 200 day moving average is $66.94. The company has a market cap of $93.63 billion, a PE ratio of 32.12, a P/E/G ratio of 0.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. Freeport-McMoRan has a 1 year low of $38.54 and a 1 year high of $80.24.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.0750 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan's dividend payout ratio (DPR) is 14.78%.

Insider Transactions at Freeport-McMoRan

In other news, EVP Douglas N. Currault II sold 80,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the transaction, the executive vice president owned 211,016 shares of the company's stock, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen T. Higgins sold 14,277 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer directly owned 54,618 shares of the company's stock, valued at $3,795,951. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 110,398 shares of company stock valued at $8,387,271. Insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Freeport-McMoRan

Hedge funds have recently made changes to their positions in the company. NBH Bank purchased a new stake in shares of Freeport-McMoRan in the 2nd quarter worth about $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Freeport-McMoRan in the 1st quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of Freeport-McMoRan in the 1st quarter worth approximately $34,000. Roxbury Financial LLC grew its stake in shares of Freeport-McMoRan by 196.5% in the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company's stock worth $37,000 after buying an additional 393 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Freeport-McMoRan in the 1st quarter worth approximately $39,000. 80.77% of the stock is currently owned by institutional investors.

Trending Headlines about Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: FCX has delivered four consecutive earnings beats, and strong copper prices are expected to support third-quarter results despite lower sales volumes and higher costs. The earnings preview also highlights estimates for production and other operating metrics that could influence the stock beyond headline revenue and EPS. FCX to Report Q3 Earnings: What's in the Cards for the Stock?
• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for Freeport-McMoRan to $3.19 from $3.10 and maintained a Buy rating. The revised estimate is above the broader consensus of $2.99, providing a favorable analyst signal ahead of earnings.
• Positive Sentiment: HSBC reportedly assigned FCX a $77 price target ahead of the company’s October 27 results, suggesting potential upside if copper-market conditions and quarterly execution meet expectations. HSBC sets USD 77 target before October 27 results

About Freeport-McMoRan

Freeport-McMoRan Inc NYSE: FCX is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.

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