What is Zacks Research's Forecast for FCX Q3 Earnings?

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Analysts at Zacks Research reduced their Q3 2025 earnings estimates for shares of Freeport-McMoRan in a research note issued to investors on Wednesday, May 7th. Zacks Research analyst A. Barman now forecasts that the natural resource company will post earnings per share of $0.42 for the quarter, down from their previous estimate of $0.48. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.68 per share. Zacks Research also issued estimates for Freeport-McMoRan's Q4 2025 earnings at $0.43 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.55 EPS and Q4 2026 earnings at $0.42 EPS.

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

A number of other brokerages have also recently commented on FCX. UBS Group decreased their target price on shares of Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group reiterated a "buy" rating and issued a $50.00 target price (up previously from $48.00) on shares of Freeport-McMoRan in a research report on Friday, April 25th. Raymond James restated an "outperform" rating and issued a $52.00 price objective on shares of Freeport-McMoRan in a research report on Friday, April 25th. Argus cut shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Freeport-McMoRan from $52.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.36.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock traded down $0.89 on Monday, hitting $38.17. 5,077,159 shares of the company traded hands, compared to its average volume of 13,636,157. The firm's 50-day simple moving average is $36.39 and its 200 day simple moving average is $39.07. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a market cap of $54.85 billion, a P/E ratio of 29.62, a P/E/G ratio of 0.87 and a beta of 1.65. Freeport-McMoRan has a 12-month low of $27.66 and a 12-month high of $55.24.

Institutional Investors Weigh In On Freeport-McMoRan

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Freeport-McMoRan by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 125,042,285 shares of the natural resource company's stock valued at $4,734,101,000 after purchasing an additional 1,822,987 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Freeport-McMoRan by 17.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,547,489 shares of the natural resource company's stock worth $1,421,549,000 after acquiring an additional 5,661,958 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 688,240 shares in the last quarter. Franklin Resources Inc. boosted its stake in 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 acquiring an additional 2,191,926 shares in the last quarter. Finally, Capital World Investors boosted its stake in 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 acquiring an additional 750,500 shares in the last quarter. Institutional investors own 80.77% of the company's stock.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, April 15th. Freeport-McMoRan's payout ratio is 24.79%.

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.