Zacks Research Analysts Reduce Earnings Estimates for FCX

Key Points

• Zacks Research has reduced Freeport-McMoRan's Q3 2025 earnings per share estimate from $0.45 to $0.27, indicating a significant downward revision in expectations for the natural resource company.
• Freeport-McMoRan's stock has a current consensus rating of "Moderate Buy" with a target price of $46.92, yet some analysts have downgraded their ratings, highlighting a mixed outlook.
• The company has announced a quarterly dividend of $0.15 per share, which represents an annualized yield of 1.5%, demonstrating a commitment to returning value to shareholders despite earnings estimate changes.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Investment analysts at Zacks Research cut their Q3 2025 earnings per share estimates for shares of Freeport-McMoRan in a research note issued on Tuesday, October 21st. Zacks Research analyst Team now expects that the natural resource company will post earnings of $0.27 per share for the quarter, down from their previous forecast of $0.45. 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 $0.23 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.43 EPS, Q4 2026 earnings at $0.37 EPS, FY2026 earnings at $1.79 EPS and FY2027 earnings at $2.04 EPS.

Several other equities research analysts have also weighed in on FCX. Wall Street Zen lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Clarkson Capital restated a "neutral" rating and issued a $42.00 target price on shares of Freeport-McMoRan in a report on Thursday, September 25th. CICC Research reduced their target price on Freeport-McMoRan from $51.60 to $42.30 and set an "outperform" rating for the company in a report on Friday, September 26th. Stifel Canada upgraded Freeport-McMoRan to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their target price on Freeport-McMoRan from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.92.

Freeport-McMoRan Stock Down 1.3%

Shares of Freeport-McMoRan stock opened at $40.77 on Thursday. The firm has a market cap of $58.54 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 0.97 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.47 and a quick ratio of 1.21. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $49.21. The stock has a 50-day simple moving average of $42.60 and a 200-day simple moving average of $40.81.

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

Freeport-McMoRan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Freeport-McMoRan's payout ratio is 22.73%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Freeport-McMoRan by 1.6% during the second quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company's stock worth $5,504,754,000 after buying an additional 1,941,662 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Freeport-McMoRan by 3.2% during the second quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company's stock valued at $2,703,250,000 after purchasing an additional 1,926,493 shares during the period. State Street Corp increased its position in shares of Freeport-McMoRan by 0.5% during the second quarter. State Street Corp now owns 61,787,174 shares of the natural resource company's stock valued at $2,678,474,000 after purchasing an additional 320,514 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $1,421,549,000 after purchasing an additional 5,661,958 shares during the period. Finally, Amundi increased its position in shares of Freeport-McMoRan by 28.1% during the first quarter. Amundi now owns 27,635,497 shares of the natural resource company's stock valued at $1,046,280,000 after purchasing an additional 6,054,537 shares during the period. 80.77% of the stock is currently 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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