Zacks Research Has Negative Forecast for FCX Q2 Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Equities researchers at Zacks Research lowered their Q2 2025 earnings estimates for shares of Freeport-McMoRan in a research note issued on Wednesday, February 5th. Zacks Research analyst A. Barman now anticipates that the natural resource company will earn $0.47 per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.75 per share. Zacks Research also issued estimates for Freeport-McMoRan’s Q4 2026 earnings at $0.50 EPS and FY2027 earnings at $2.93 EPS.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%.

A number of other equities research analysts have also weighed in on FCX. JPMorgan Chase & Co. dropped their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Scotiabank cut their price objective on Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. BMO Capital Markets dropped their target price on Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Argus lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and dropped their price objective for the company from $48.00 to $40.00 in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.46.

Freeport-McMoRan Stock Up 1.3 %

Shares of FCX stock opened at $37.15 on Friday. The stock’s fifty day moving average price is $39.48 and its 200 day moving average price is $43.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. Freeport-McMoRan has a 1-year low of $34.89 and a 1-year high of $55.24. The company has a market cap of $53.38 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 0.85 and a beta of 1.85.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds and other institutional investors have recently modified their holdings of FCX. Matrix Trust Co acquired a new stake in shares of Freeport-McMoRan during the 3rd quarter worth $25,000. Godsey & Gibb Inc. increased its stake in Freeport-McMoRan by 150.4% during the third quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 346 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Freeport-McMoRan in the 4th quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of Freeport-McMoRan in the 4th quarter valued at about $27,000. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of Freeport-McMoRan by 487.8% during the 4th 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 during the period. 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.