What is Stifel Canada's Forecast for FCX FY2026 Earnings?

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Stifel Canada issued their FY2026 earnings estimates for shares of Freeport-McMoRan in a note issued to investors on Tuesday, July 8th. Stifel Canada analyst R. Profiti expects that the natural resource company will post earnings of $1.59 per share for the year. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Freeport-McMoRan's FY2027 earnings at $1.81 EPS.

A number of other research firms have also recently issued reports on FCX. Raymond James Financial reissued an "outperform" rating and issued a $52.00 target price on shares of Freeport-McMoRan in a research note on Friday, April 25th. Royal Bank Of Canada increased their price objective on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus set a $56.00 target price on shares of Freeport-McMoRan and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group restated a "buy" rating and issued a $50.00 price target (up from $48.00) on shares of Freeport-McMoRan in a report on Friday, April 25th. Finally, Bank of America reiterated a "neutral" rating and set a $56.00 price objective on shares of Freeport-McMoRan in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

Freeport-McMoRan Trading Down 2.2%

NYSE FCX traded down $1.03 on Thursday, reaching $46.18. The company had a trading volume of 10,234,960 shares, compared to its average volume of 13,733,577. The stock has a market cap of $66.36 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 0.87 and a beta of 1.64. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $52.61. The stock's 50 day moving average is $40.92 and its 200-day moving average is $38.50. The company has a quick ratio of 1.13, a current ratio of 2.32 and a debt-to-equity ratio of 0.30.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.36 billion. Freeport-McMoRan had a return on equity of 7.03% and a net margin of 7.11%. The firm's quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.30%. Freeport-McMoRan's dividend payout ratio (DPR) is currently 24.79%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $40.02, for a total value of $343,531.68. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCX. Madison Investment Advisors LLC bought a new position in Freeport-McMoRan during the fourth quarter worth $3,388,000. Vanguard Group Inc. lifted its stake in shares of Freeport-McMoRan by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company's stock worth $4,692,191,000 after buying an additional 642,776 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Freeport-McMoRan by 237.4% during the 4th quarter. Wellington Management Group LLP now owns 9,218,518 shares of the natural resource company's stock worth $351,041,000 after buying an additional 6,486,011 shares during the last quarter. Stratos Investment Management LLC raised its holdings in Freeport-McMoRan by 238.5% in the 1st quarter. Stratos Investment Management LLC now owns 64,519 shares of the natural resource company's stock valued at $2,443,000 after acquiring an additional 45,458 shares during the period. Finally, Community Bank N.A. raised its holdings in Freeport-McMoRan by 18.5% in the 1st quarter. Community Bank N.A. now owns 39,571 shares of the natural resource company's stock valued at $1,498,000 after acquiring an additional 6,188 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

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.