Raymond James Forecasts Weaker Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Analysts at Raymond James lowered their Q1 2026 EPS estimates for shares of Freeport-McMoRan in a report released on Friday, April 25th. Raymond James analyst B. Macarthur now expects that the natural resource company will earn $0.50 per share for the quarter, down from their previous estimate of $0.52. Raymond James currently has a "Outperform" rating and a $52.00 target price on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Raymond James also issued estimates for Freeport-McMoRan's Q2 2026 earnings at $0.52 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $2.10 EPS.

Other research analysts have also issued reports about the company. Argus lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Thursday, March 6th. Sanford C. Bernstein lowered Freeport-McMoRan from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $51.00 to $46.00 in a research report on Tuesday, January 7th. BMO Capital Markets reduced their target price on Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Finally, UBS Group reduced their target price on Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $48.09.

Freeport-McMoRan Stock Up 1.4 %

Shares of FCX traded up $0.50 during trading hours on Monday, hitting $36.53. The company had a trading volume of 6,901,145 shares, compared to its average volume of 13,803,319. The company has a market capitalization of $52.49 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a one year low of $27.66 and a one year high of $55.24. The company's fifty day moving average price is $36.19 and its two-hundred day moving average price is $39.75.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $5.36 billion. Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, April 15th. Freeport-McMoRan's payout ratio is presently 24.79%.

Institutional Investors Weigh In On Freeport-McMoRan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Freeport-McMoRan by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company's stock worth $4,692,191,000 after buying an additional 642,776 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Freeport-McMoRan by 21.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company's stock worth $1,214,203,000 after buying an additional 5,735,171 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Freeport-McMoRan by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 29,579,298 shares of the natural resource company's stock worth $1,122,922,000 after buying an additional 688,240 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Freeport-McMoRan by 8.0% during the fourth quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company's stock worth $1,123,445,000 after buying an additional 2,191,926 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Freeport-McMoRan by 3.2% during the fourth quarter. Capital World Investors now owns 24,055,524 shares of the natural resource company's stock worth $916,037,000 after buying an additional 750,500 shares in the last quarter. Hedge funds and other institutional investors 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.