Stifel Canada Issues Positive Forecast for FCX Earnings

Key Points

• Stifel Canada has raised its Q3 2025 earnings estimate for Freeport-McMoRan to $0.47 EPS, significantly up from the previous forecast of $0.31, maintaining a "Strong-Buy" rating on the stock.
• UBS Group has lowered its rating on Freeport-McMoRan from "buy" to "neutral," while Scotiabank increased its price target from $48.00 to $52.00, highlighting mixed sentiments among analysts.
• The company recently declared a quarterly $0.15 dividend, reflecting an annual yield of 1.34%, and has a low dividend payout ratio of 22.73%.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities researchers at Stifel Canada raised their Q3 2025 EPS estimates for shares of Freeport-McMoRan in a research note issued to investors on Tuesday, July 22nd. Stifel Canada analyst R. Profiti now forecasts that the natural resource company will earn $0.47 per share for the quarter, up from their previous forecast of $0.31. 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 $0.44 EPS and FY2025 earnings at $1.60 EPS.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The natural resource company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The business had revenue of $7.58 billion for the quarter, compared to analysts' expectations of $6.85 billion. Freeport-McMoRan had a net margin of 7.45% and a return on equity of 7.37%. The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS.

A number of other analysts also recently issued reports on FCX. UBS Group downgraded Freeport-McMoRan from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $45.00 to $50.00 in a research note on Friday, July 11th. Hsbc Global Res lowered shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Stifel Nicolaus assumed coverage on shares of Freeport-McMoRan in a research report on Wednesday, July 9th. They issued a "buy" rating and a $56.00 price target on the stock. Morgan Stanley cut shares of Freeport-McMoRan from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $45.00 to $54.00 in a research report on Tuesday, July 15th. Finally, Bank of America restated a "neutral" rating and issued a $56.00 price target on shares of Freeport-McMoRan in a research report on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.00.

Freeport-McMoRan Price Performance

Shares of FCX stock traded up $0.29 during trading hours on Friday, hitting $44.87. The stock had a trading volume of 16,007,915 shares, compared to its average volume of 15,985,843. 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 stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 0.81 and a beta of 1.64. Freeport-McMoRan has a one year low of $27.66 and a one year high of $52.61. The stock's 50-day moving average price is $42.43 and its two-hundred day moving average price is $38.98.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. Freeport-McMoRan's dividend payout ratio is currently 22.73%.

Insider Activity

In other news, CAO Ellie L. Mikes sold 8,584 shares of the business's 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 completion of the sale, the chief accounting officer directly owned 48,333 shares of the company's stock, valued at approximately $1,934,286.66. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.

Institutional Trading of Freeport-McMoRan

A number of hedge funds have recently added to or reduced their stakes in FCX. Brighton Jones LLC lifted its stake in Freeport-McMoRan by 24.2% in the fourth 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 lifted its position in shares of Freeport-McMoRan by 27.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 540,046 shares of the natural resource company's stock valued at $20,565,000 after buying an additional 115,552 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Freeport-McMoRan by 20.0% during the fourth quarter. American Century Companies Inc. now owns 504,987 shares of the natural resource company's stock valued at $19,230,000 after buying an additional 84,207 shares during the last quarter. LPL Financial LLC lifted its position in shares of Freeport-McMoRan by 10.1% during the fourth quarter. LPL Financial LLC now owns 1,776,932 shares of the natural resource company's stock valued at $67,666,000 after buying an additional 162,933 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Freeport-McMoRan by 13.3% during the fourth quarter. Zions Bancorporation N.A. now owns 6,488 shares of the natural resource company's stock valued at $247,000 after buying an additional 762 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

About Freeport-McMoRan

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.