Zacks Research Has Optimistic Outlook of FCX Q3 Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings per share estimate for Freeport-McMoRan from $0.42 to $0.49, indicating a positive outlook for the company's financial performance.
• Freeport-McMoRan reported earnings of $0.54 per share in its last quarter, exceeding the consensus estimate of $0.45, along with a revenue of $7.58 billion, surpassing analyst expectations.
• JPMorgan Chase increased its price target for Freeport-McMoRan's stock from $42 to $56, amid an overall strong rating trend from multiple analysts for the company.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Equities research analysts at Zacks Research increased their Q3 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued on Tuesday, August 5th. Zacks Research analyst A. Barman now forecasts that the natural resource company will post earnings of $0.49 per share for the quarter, up from their previous estimate of $0.42. 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 $0.53 EPS, Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.52 EPS, Q1 2027 earnings at $0.66 EPS, Q2 2027 earnings at $0.74 EPS and FY2027 earnings at $2.55 EPS.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The natural resource company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $7.58 billion for 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 company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $42.00 to $56.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Stifel Canada upgraded Freeport-McMoRan to a "strong-buy" rating in a report on Tuesday, July 8th. Stifel Nicolaus initiated coverage on Freeport-McMoRan in a report on Wednesday, July 9th. They issued a "buy" rating and a $56.00 price target on the stock. Scotiabank boosted their price target on Freeport-McMoRan from $48.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, July 9th. Finally, BMO Capital Markets cut their price target on Freeport-McMoRan from $55.00 to $54.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $51.00.

Freeport-McMoRan Stock Performance

FCX stock opened at $39.85 on Thursday. The firm has a market cap of $57.27 billion, a PE ratio of 30.19, a P/E/G ratio of 0.75 and a beta of 1.63. The business's 50-day moving average price is $42.78 and its two-hundred day moving average price is $39.05. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $52.61. The company has a current ratio of 2.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Freeport-McMoRan

Several institutional investors and hedge funds have recently made changes to their positions in the company. PCJ Investment Counsel Ltd. acquired a new position in shares of Freeport-McMoRan in the second quarter valued at approximately $1,517,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Freeport-McMoRan by 7.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,748,122 shares of the natural resource company's stock worth $119,131,000 after acquiring an additional 194,888 shares during the period. Cypress Capital Management LLC WY increased its stake in Freeport-McMoRan by 76.7% during the 2nd quarter. Cypress Capital Management LLC WY now owns 1,219 shares of the natural resource company's stock worth $53,000 after acquiring an additional 529 shares during the period. Aviva PLC lifted its stake in Freeport-McMoRan by 257.6% during the second quarter. Aviva PLC now owns 1,074,480 shares of the natural resource company's stock worth $46,579,000 after purchasing an additional 773,969 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Freeport-McMoRan by 41.3% during the second quarter. Los Angeles Capital Management LLC now owns 2,941,454 shares of the natural resource company's stock worth $127,512,000 after purchasing an additional 859,050 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company's stock.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $40.02, for a total value of $343,531.68. Following the sale, the chief accounting officer owned 48,333 shares in the company, valued at $1,934,286.66. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.5%. Freeport-McMoRan's dividend payout ratio is 22.73%.

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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