Zacks Research Analysts Lower Earnings Estimates for FCX

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Research analysts at Zacks Research dropped their Q3 2025 earnings per share estimates for shares of Freeport-McMoRan in a report issued on Wednesday, May 7th. Zacks Research analyst A. Barman now forecasts that the natural resource company will earn $0.42 per share 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.

Other equities research analysts also recently issued research reports about the company. UBS Group decreased their target price on Freeport-McMoRan from $52.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Raymond James reaffirmed an "outperform" rating and set a $52.00 target price on shares of Freeport-McMoRan in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft raised Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Thursday, March 6th. Hsbc Global Res raised Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $50.00 price target (up from $48.00) on shares of Freeport-McMoRan in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.09.

Freeport-McMoRan Trading Up 0.7%

Freeport-McMoRan stock opened at $37.76 on Monday. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $55.24. The company has a market capitalization of $54.26 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.65. The stock has a 50-day moving average price of $36.29 and a 200 day moving average price of $39.12.

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

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, April 15th. Freeport-McMoRan's dividend payout ratio (DPR) is presently 24.79%.

Institutional Trading of Freeport-McMoRan

Institutional investors and hedge funds have recently made changes to their positions in the business. Asset Planning Inc purchased a new stake in shares of Freeport-McMoRan in the fourth quarter valued at approximately $25,000. Mizuho Bank Ltd. purchased a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC increased its position in shares of Freeport-McMoRan by 487.8% during the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company's stock worth $28,000 after purchasing an additional 600 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $28,000. 80.77% of the stock is currently 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.

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