Equities Analysts Issue Forecasts for FCX Q2 Earnings

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Stifel Canada issued their Q2 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a note issued to investors on Tuesday, July 8th. Stifel Canada analyst R. Profiti forecasts that the natural resource company will post earnings per share of $0.45 for the quarter. Stifel Canada 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 Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.31 EPS.

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

Several other equities research analysts have also recently issued reports on FCX. Citigroup lifted their target price on Freeport-McMoRan from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Wolfe Research raised Freeport-McMoRan from a "peer perform" rating to an "outperform" rating and set a $39.00 target price on the stock in a report on Wednesday, April 16th. Wall Street Zen lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Scotiabank lifted their price target on Freeport-McMoRan from $48.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial restated an "outperform" rating and set a $52.00 target price on shares of Freeport-McMoRan in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Freeport-McMoRan presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

Freeport-McMoRan Price Performance

Shares of FCX stock traded down $0.72 during trading hours on Friday, hitting $45.64. The stock had a trading volume of 11,434,868 shares, compared to its average volume of 13,795,136. Freeport-McMoRan has a one year low of $27.66 and a one year 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. The stock's 50-day moving average price is $41.09 and its two-hundred day moving average price is $38.54. The stock has a market capitalization of $65.59 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 0.88 and a beta of 1.64.

Institutional Investors Weigh In On Freeport-McMoRan

Hedge funds have recently modified their holdings of the company. Nuveen LLC purchased a new position in Freeport-McMoRan in the 1st quarter valued at about $366,959,000. Wellington Management Group LLP lifted its stake in Freeport-McMoRan by 237.4% in the 4th quarter. Wellington Management Group LLP now owns 9,218,518 shares of the natural resource company's stock valued at $351,041,000 after buying an additional 6,486,011 shares in the last quarter. Amundi lifted its stake in Freeport-McMoRan by 28.1% in the 1st quarter. Amundi now owns 27,635,497 shares of the natural resource company's stock valued at $1,046,280,000 after buying an additional 6,054,537 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $1,214,203,000 after buying an additional 5,735,171 shares in the last quarter. Finally, Crake Asset Management LLP lifted its stake in Freeport-McMoRan by 2,140.8% in the 1st quarter. Crake Asset Management LLP now owns 5,929,623 shares of the natural resource company's stock valued at $224,496,000 after buying an additional 5,665,000 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Ellie L. Mikes sold 8,584 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $40.02, for a total transaction of $343,531.68. Following the sale, the chief accounting officer directly owned 48,333 shares of the company's stock, valued at $1,934,286.66. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.79% of the company's stock.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.31%. Freeport-McMoRan's payout ratio is 24.79%.

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.