Q3 EPS Forecast for Freeport-McMoRan Cut by Analyst

Key Points

• Analysts at Raymond James Financial have lowered their Q3 2025 earnings per share forecast for Freeport-McMoRan to $0.45, down from $0.54, while maintaining an "Outperform" rating and a $46 price target.
• Freeport-McMoRan reported a net revenue increase of 14.5% year-over-year, with quarterly earnings beating the consensus estimate and reaching $0.54 per share.
• The company has announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 1.5%, with the ex-dividend date set for October 15th.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Investment analysts at Raymond James Financial decreased their Q3 2025 earnings per share estimates for shares of Freeport-McMoRan in a report issued on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now forecasts that the natural resource company will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.54. Raymond James Financial has a "Outperform" rating and a $46.00 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 $1.52 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 for the quarter, beating the consensus estimate of $0.45 by $0.09. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%.The business had revenue of $7.58 billion for the quarter, compared to analysts' expectations of $6.85 billion. During the same period last year, the business earned $0.46 EPS. The business's revenue was up 14.5% on a year-over-year basis.

Several other brokerages have also recently weighed in on FCX. Weiss Ratings restated a "hold (c)" rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Jefferies Financial Group reiterated a "buy" rating and set a $46.00 target price on shares of Freeport-McMoRan in a research note on Wednesday, September 24th. Stifel Canada upgraded Freeport-McMoRan to a "strong-buy" rating in a research note on Tuesday, July 8th. CICC Research lowered their target price on Freeport-McMoRan from $51.60 to $42.30 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Finally, Dbs Bank lowered their target price on Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of "Moderate Buy" and a consensus target price of $46.56.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $40.92 on Monday. The company has a current ratio of 2.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $42.51 and its two-hundred day simple moving average is $40.55. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $50.28. The stock has a market cap of $58.74 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 0.93 and a beta of 1.58.

Institutional Trading of Freeport-McMoRan

A number of large investors have recently modified their holdings of the business. Portside Wealth Group LLC grew its holdings in Freeport-McMoRan by 0.8% during the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company's stock valued at $1,315,000 after buying an additional 245 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of Freeport-McMoRan by 0.6% during the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company's stock worth $1,957,000 after acquiring an additional 250 shares during the last quarter. Waterloo Capital L.P. increased its holdings in Freeport-McMoRan by 3.9% during the 2nd quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company's stock worth $289,000 after purchasing an additional 251 shares during the period. Strengthening Families & Communities LLC increased its holdings in Freeport-McMoRan by 0.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company's stock worth $1,822,000 after purchasing an additional 261 shares during the period. Finally, WealthCollab LLC increased its holdings in shares of Freeport-McMoRan by 17.1% in the 2nd quarter. WealthCollab LLC now owns 1,820 shares of the natural resource company's stock valued at $79,000 after acquiring an additional 266 shares during the period. Institutional investors own 80.77% of the company's stock.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, October 15th. Freeport-McMoRan's payout ratio is presently 22.73%.

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.

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