Q2 EPS Estimates for FCX Reduced by Raymond James Financial

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Investment analysts at Raymond James Financial lowered their Q2 2025 EPS estimates for shares of Freeport-McMoRan in a research note issued on Wednesday, July 2nd. Raymond James Financial analyst B. Macarthur now forecasts that the natural resource company will earn $0.48 per share for the quarter, down from their prior forecast of $0.57. Raymond James Financial has a "Outperform" rating and a $52.00 price objective on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Raymond James Financial also issued estimates for Freeport-McMoRan's FY2025 earnings at $1.84 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Wolfe Research upgraded shares of Freeport-McMoRan from a "peer perform" rating to an "outperform" rating and set a $39.00 price objective for the company in a research report on Wednesday, April 16th. Scotiabank upgraded shares of Freeport-McMoRan from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $43.00 to $48.00 in a research report on Monday, June 16th. Royal Bank Of Canada raised their price objective on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.27.

Freeport-McMoRan Trading Up 0.2%

Shares of Freeport-McMoRan stock opened at $45.86 on Friday. The stock has a market capitalization of $65.90 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 0.86 and a beta of 1.64. The company has a quick ratio of 1.13, a current ratio of 2.32 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $40.01 and a 200 day simple moving average of $38.26. Freeport-McMoRan has a 12-month low of $27.66 and a 12-month high of $52.61.

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

Freeport-McMoRan Dividend Announcement

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

Insider Activity

In other 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 completion of the transaction, the chief accounting officer owned 48,333 shares of the company's stock, 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 SEC, which is available through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Freeport-McMoRan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC increased its position in Freeport-McMoRan by 47.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock valued at $32,000 after purchasing an additional 268 shares during the period. Kestra Private Wealth Services LLC increased its position in Freeport-McMoRan by 0.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 62,015 shares of the natural resource company's stock valued at $2,348,000 after purchasing an additional 275 shares during the period. Princeton Capital Management LLC increased its position in Freeport-McMoRan by 1.1% during the 1st quarter. Princeton Capital Management LLC now owns 25,980 shares of the natural resource company's stock valued at $984,000 after purchasing an additional 275 shares during the period. Capital Investment Advisory Services LLC increased its position in Freeport-McMoRan by 3.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 9,102 shares of the natural resource company's stock valued at $345,000 after purchasing an additional 278 shares during the period. Finally, Capital Analysts LLC increased its position in Freeport-McMoRan by 12.5% during the 1st quarter. Capital Analysts LLC now owns 2,550 shares of the natural resource company's stock valued at $96,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds 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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