FCX Q3 EPS Forecast Increased by Raymond James Financial

Key Points

• Raymond James Financial has increased its earnings per share (EPS) estimate for Freeport-McMoRan (FCX) in Q3 2025 from $0.56 to $0.57, while maintaining an "Outperform" rating and a target price of $52.00.
• The company's recent earnings report showed Freeport-McMoRan achieved $0.54 EPS and $7.58 billion in revenue, exceeding analysts' expectations.
• In terms of institutional involvement, approximately 80.77% of Freeport-McMoRan’s stock is owned by hedge funds and institutional investors, indicating strong investor interest in the company.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Investment analysts at Raymond James Financial boosted their Q3 2025 earnings estimates for shares of Freeport-McMoRan in a research note issued to investors on Wednesday, July 23rd. Raymond James Financial analyst B. Macarthur now anticipates that the natural resource company will post earnings per share of $0.57 for the quarter, up from their previous forecast of $0.56. Raymond James Financial currently has a "Outperform" rating and a $52.00 price target 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 Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $1.83 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.53 EPS and FY2026 earnings at $2.07 EPS.

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

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of Freeport-McMoRan from a "buy" rating to a "neutral" rating and increased their price target for the stock from $45.00 to $50.00 in a report on Friday, July 11th. Hsbc Global Res downgraded shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Stifel Nicolaus initiated coverage on shares of Freeport-McMoRan in a report on Wednesday, July 9th. They issued a "buy" rating and a $56.00 price target on the stock. BMO Capital Markets cut their price target on shares of Freeport-McMoRan from $55.00 to $54.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Citigroup raised their price objective on shares of Freeport-McMoRan from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Eight equities 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.00.

Freeport-McMoRan Stock Performance

NYSE:FCX traded up $0.29 during midday trading on Friday, hitting $44.87. The company's stock had a trading volume of 16,007,915 shares, compared to its average volume of 15,985,843. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $52.61. The firm's 50 day moving average is $42.43 and its 200-day moving average is $38.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.47 and a quick ratio of 1.13. The firm has a market cap of $64.48 billion, a P/E ratio of 33.99, a P/E/G ratio of 0.81 and a beta of 1.64.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders 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 yield of 1.34%. Freeport-McMoRan's dividend payout ratio (DPR) is presently 22.73%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of Freeport-McMoRan stock in a transaction 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 sale, the chief accounting officer owned 48,333 shares of the company's stock, valued at $1,934,286.66. The trade was a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCX. Brighton Jones LLC raised its holdings in shares of Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company's stock worth $564,000 after acquiring an additional 2,882 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Freeport-McMoRan by 27.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 540,046 shares of the natural resource company's stock worth $20,565,000 after acquiring an additional 115,552 shares during the period. American Century Companies Inc. raised its holdings in shares of Freeport-McMoRan by 20.0% during the 4th quarter. American Century Companies Inc. now owns 504,987 shares of the natural resource company's stock worth $19,230,000 after acquiring an additional 84,207 shares during the period. LPL Financial LLC raised its holdings in shares of Freeport-McMoRan by 10.1% during the 4th quarter. LPL Financial LLC now owns 1,776,932 shares of the natural resource company's stock worth $67,666,000 after acquiring an additional 162,933 shares during the period. Finally, Zions Bancorporation N.A. raised its holdings in shares of Freeport-McMoRan by 13.3% during the 4th quarter. Zions Bancorporation N.A. now owns 6,488 shares of the natural resource company's stock worth $247,000 after acquiring an additional 762 shares during the period. Institutional investors and hedge funds own 80.77% of the company's stock.

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.