Zacks Research Has Strong Forecast for FCX FY2025 Earnings

Key Points

• Zacks Research has increased its FY2025 EPS estimate for Freeport-McMoRan from $1.49 to $1.79, suggesting strong growth potential.
• Royal Bank of Canada has raised its price target for Freeport-McMoRan shares from $52.00 to $54.00 and maintained a "sector perform" rating.
• Freeport-McMoRan recently reported quarterly earnings of $0.54 per share, exceeding predictions and demonstrating a revenue increase of 14.5% year-over-year.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Investment analysts at Zacks Research boosted their FY2025 EPS estimates for Freeport-McMoRan in a report issued on Tuesday, August 5th. Zacks Research analyst A. Barman now anticipates that the natural resource company will earn $1.79 per share for the year, up from their previous estimate of $1.49. 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 Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.59 EPS and FY2026 earnings at $2.34 EPS.

Other analysts have also issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Freeport-McMoRan from $52.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Freeport-McMoRan from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Bank of America reissued a "neutral" rating and set a $56.00 price objective on shares of Freeport-McMoRan in a research note on Wednesday, July 9th. Raymond James Financial reiterated an "outperform" rating and set a $52.00 price target on shares of Freeport-McMoRan in a report on Friday, April 25th. Finally, Hsbc Global Res downgraded shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has an average rating of "Moderate Buy" and a consensus target price of $51.00.

Freeport-McMoRan Stock Up 1.5%

FCX opened at $41.43 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.30. The business's fifty day simple moving average is $42.81 and its 200 day simple moving average is $39.05. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $52.61. The stock has a market cap of $59.53 billion, a PE ratio of 31.35, a P/E/G ratio of 0.74 and a beta of 1.63.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data 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. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Freeport-McMoRan's revenue was up 14.5% on a year-over-year basis.

Hedge Funds Weigh In On Freeport-McMoRan

Institutional investors and hedge funds have recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its stake in shares of Freeport-McMoRan by 47.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. City Holding Co. bought a new stake in Freeport-McMoRan during the 1st quarter valued at approximately $33,000. Bernard Wealth Management Corp. purchased a new position in Freeport-McMoRan in the 4th quarter worth approximately $35,000. Dagco Inc. purchased a new position in Freeport-McMoRan during the first quarter valued at $37,000. Finally, Beacon Capital Management LLC grew its position in shares of Freeport-McMoRan by 59.6% during the second quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company's stock valued at $38,000 after purchasing an additional 327 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 8,584 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $40.02, for a total value of $343,531.68. Following the completion of the transaction, the chief accounting officer 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by company insiders.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Freeport-McMoRan's dividend payout ratio (DPR) is presently 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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