Freeport-McMoRan (FCX) to Release Earnings on Tuesday

Freeport-McMoRan (NYSE:FCX - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Freeport-McMoRan to post earnings of $0.45 per share and revenue of $6.85 billion for the quarter.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, topping 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%. Freeport-McMoRan's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts expect Freeport-McMoRan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Freeport-McMoRan Stock Down 1.6%

Freeport-McMoRan stock opened at $45.64 on Tuesday. The firm has a market capitalization of $65.59 billion, a PE ratio of 37.72, a P/E/G ratio of 0.88 and a beta of 1.64. The company's 50-day moving average is $41.09 and its 200-day moving average is $38.54. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $52.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.32 and a quick ratio of 1.13.

Freeport-McMoRan Announces Dividend

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. Freeport-McMoRan's dividend payout ratio is presently 24.79%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FCX. Scotiabank boosted their price objective on shares of Freeport-McMoRan from $48.00 to $52.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, July 9th. Bank of America restated a "neutral" rating and set a $56.00 price objective on shares of Freeport-McMoRan in a research note on Wednesday, July 9th. Wall Street Zen downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Freeport-McMoRan from $42.00 to $56.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, UBS Group downgraded shares of Freeport-McMoRan from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $45.00 to $50.00 in a report on Friday. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Freeport-McMoRan currently has a consensus rating of "Moderate Buy" and an average price target of $51.00.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $40.02, for a total transaction of $343,531.68. Following the transaction, the chief accounting officer owned 48,333 shares in the company, valued at $1,934,286.66. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Freeport-McMoRan

A hedge fund recently raised its stake in Freeport-McMoRan stock. Bison Wealth LLC increased its position in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,616 shares of the natural resource company's stock after acquiring an additional 507 shares during the period. Bison Wealth LLC's holdings in Freeport-McMoRan were worth $366,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.

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