Q3 EPS Estimates for FCX Boosted by Raymond James Financial

Key Points

• Freeport-McMoRan's Q3 2025 EPS estimate has been raised to $0.58 by Raymond James Financial, up from a previous estimate of $0.57.
• The company reported $0.54 EPS for Q2, surpassing analysts' expectations of $0.45 and showing a year-over-year revenue increase of 14.5%.
• Freeport-McMoRan recently declared a $0.15 quarterly dividend, resulting in an annual yield of 1.4%.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Raymond James Financial boosted their Q3 2025 EPS estimates for Freeport-McMoRan in a report issued on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now forecasts that the natural resource company will post earnings of $0.58 per share for the quarter, up from their previous forecast of $0.57. 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 Q1 2026 earnings at $0.54 EPS.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The natural resource company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. Freeport-McMoRan had a net margin of 7.45% and a return on equity of 7.37%. The business had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same period in the previous year, the firm earned $0.46 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. Bank of America restated a "neutral" rating and set a $56.00 target price on shares of Freeport-McMoRan in a research note on Wednesday, July 9th. Stifel Canada raised shares of Freeport-McMoRan to a "strong-buy" rating in a research report on Tuesday, July 8th. UBS Group lowered shares of Freeport-McMoRan from a "buy" rating to a "neutral" rating and upped their price target for the company from $45.00 to $50.00 in a research report on Friday, July 11th. Scotiabank upped their price target on shares of Freeport-McMoRan from $48.00 to $52.00 and gave the company a "sector outperform" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada upped their price target 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. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.00.

Freeport-McMoRan Stock Up 1.3%

Freeport-McMoRan stock traded up $0.58 during mid-day trading on Monday, reaching $44.45. The stock had a trading volume of 5,017,685 shares, compared to its average volume of 15,556,153. The company has a market capitalization of $63.81 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 0.84 and a beta of 1.63. The company has a 50-day moving average price of $43.19 and a two-hundred day moving average price of $39.55. 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 2.47 and a quick ratio of 1.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Freeport-McMoRan in the 1st quarter worth $366,959,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company's stock worth $761,623,000 after acquiring an additional 8,292,873 shares during the last quarter. Amundi increased its stake in shares of Freeport-McMoRan by 28.1% in the 1st quarter. Amundi now owns 27,635,497 shares of the natural resource company's stock worth $1,046,280,000 after acquiring an additional 6,054,537 shares during the last quarter. Crake Asset Management LLP increased its stake in shares of 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 worth $224,496,000 after acquiring an additional 5,665,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Freeport-McMoRan by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,547,489 shares of the natural resource company's stock worth $1,421,549,000 after acquiring an additional 5,661,958 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company's stock.

Insider Activity

In other news, CAO Ellie L. Mikes sold 8,584 shares of the company's 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Freeport-McMoRan's payout ratio is currently 22.73%.

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.