Research Analysts Offer Predictions for FCX FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Freeport‑McMoRan to $2.07 from $2.36 and kept a "Sector Perform" rating with a $67 price target; the consensus FY2026 estimate is $2.52.
• Freeport beat Q1 expectations, reporting $0.57 EPS (vs. $0.47 expected) and $6.23 billion in revenue (vs. $5.73 billion expected), with revenue up 8.8% year‑over‑year.
• Analyst coverage skews positive with a MarketBeat average rating of Moderate Buy and an average price target of $65.14, while insiders recently sold 565,145 shares and institutions own about 80.8% of the stock.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Freeport-McMoRan in a report released on Friday, May 1st. Scotiabank analyst O. Wowkodaw now anticipates that the natural resource company will earn $2.07 per share for the year, down from their prior forecast of $2.36. Scotiabank has a "Sector Perform" rating and a $67.00 price target on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $2.52 per share.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.73 billion. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The firm's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS.

A number of other research analysts also recently commented on the company. Raymond James Financial lowered their price objective on Freeport-McMoRan from $72.00 to $68.00 and set an "outperform" rating for the company in a research note on Friday, April 24th. BMO Capital Markets upped their price objective on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 14th. Stifel Nicolaus upped their price objective on Freeport-McMoRan from $52.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. BNP Paribas Exane decreased their price target on Freeport-McMoRan from $75.00 to $71.00 and set an "outperform" rating for the company in a research note on Tuesday, April 28th. Finally, Sanford C. Bernstein decreased their price target on Freeport-McMoRan from $54.00 to $53.50 and set a "market perform" rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of "Moderate Buy" and an average price target of $65.14.

Freeport-McMoRan Price Performance

Shares of FCX opened at $56.64 on Monday. The company has a market cap of $81.40 billion, a P/E ratio of 30.13, a PEG ratio of 0.69 and a beta of 1.32. The stock has a fifty day moving average price of $62.16 and a 200 day moving average price of $54.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. Freeport-McMoRan has a 12 month low of $35.15 and a 12 month high of $70.96.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan's dividend payout ratio is presently 15.96%.

Insider Buying and Selling

In other news, CAO Stephen T. Higgins sold 29,654 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.00, for a total value of $1,868,202.00. Following the completion of the transaction, the chief accounting officer owned 76,445 shares of the company's stock, valued at approximately $4,816,035. This represents a 27.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 11,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the transaction, the chief accounting officer directly owned 40,773 shares of the company's stock, valued at approximately $2,529,149.19. The trade was a 21.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 565,145 shares of company stock valued at $35,839,918. Company insiders own 0.79% of the company's stock.

Institutional Trading of Freeport-McMoRan

Institutional investors have recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Freeport-McMoRan in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at $25,000. Salomon & Ludwin LLC lifted its holdings in shares of Freeport-McMoRan by 1,962.9% in the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company's stock valued at $29,000 after buying an additional 687 shares during the period. Steph & Co. lifted its holdings in shares of Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company's stock valued at $29,000 after buying an additional 150 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 80.77% of the company's stock.

About Freeport-McMoRan

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

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