Stifel Canada Expects Stronger Earnings for Freeport-McMoRan

Key Points

• Stifel Canada raised its Q3 2025 earnings estimate for Freeport-McMoRan to $0.45 per share, up from $0.22, maintaining a "Strong-Buy" rating on the stock.
• The company announced a quarterly dividend of $0.15, with a dividend yield of 1.5%, to be paid on November 3rd.
• Freeport-McMoRan's stock currently holds a consensus "Moderate Buy" rating, with an average target price of $46.92 according to market analysts.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities researchers at Stifel Canada boosted their Q3 2025 earnings per share estimates for Freeport-McMoRan in a research note issued on Tuesday, October 21st. Stifel Canada analyst R. Profiti now forecasts that the natural resource company will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.22. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Freeport-McMoRan's Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $1.37 EPS, FY2026 earnings at $1.87 EPS and FY2027 earnings at $2.64 EPS.

Other equities research analysts also recently issued reports about the company. CICC Research reduced their price objective on Freeport-McMoRan from $51.60 to $42.30 and set an "outperform" rating for the company in a research note on Friday, September 26th. Johnson Rice reduced their price objective on Freeport-McMoRan from $55.00 to $48.00 in a research note on Monday, September 29th. Bank of America raised Freeport-McMoRan from a "neutral" rating to a "buy" rating and set a $42.00 price objective for the company in a research note on Tuesday, September 30th. Jefferies Financial Group reissued a "buy" rating and issued a $46.00 price objective on shares of Freeport-McMoRan in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada reduced their price objective on Freeport-McMoRan from $54.00 to $48.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.92.

Freeport-McMoRan Stock Up 0.9%

NYSE:FCX opened at $41.13 on Friday. The business's fifty day moving average price is $42.57 and its 200 day moving average price is $40.88. The firm has a market capitalization of $59.06 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 0.98 and a beta of 1.58. The company has a current ratio of 2.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $49.21.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.09. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%.Freeport-McMoRan's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share.

Freeport-McMoRan Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FCX. Brighton Jones LLC increased its position in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company's stock worth $564,000 after purchasing an additional 2,882 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Freeport-McMoRan by 5.6% during the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company's stock worth $366,000 after acquiring an additional 507 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Freeport-McMoRan by 5.6% during the 1st quarter. GAMMA Investing LLC now owns 22,805 shares of the natural resource company's stock worth $863,000 after acquiring an additional 1,219 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Freeport-McMoRan by 3.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 189,765 shares of the natural resource company's stock worth $7,185,000 after acquiring an additional 5,557 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Freeport-McMoRan by 92.3% during the 1st quarter. Continuum Advisory LLC now owns 1,444 shares of the natural resource company's stock worth $55,000 after acquiring an additional 693 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

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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