Q3 EPS Forecast for Freeport-McMoRan Cut by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Stock analysts at Raymond James Financial dropped their Q3 2025 earnings estimates for shares of Freeport-McMoRan in a research note issued on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now anticipates that the natural resource company will earn $0.45 per share for the quarter, down from their prior forecast of $0.54. Raymond James Financial has a “Outperform” rating and a $46.00 price target on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James Financial also issued estimates for Freeport-McMoRan’s FY2025 earnings at $1.52 EPS.

Freeport-McMoRan (NYSE:FCX) last issued 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. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%.The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on FCX. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Clarkson Capital reissued a “neutral” rating and set a $42.00 price target on shares of Freeport-McMoRan in a research report on Thursday, September 25th. Morgan Stanley lowered their price target on shares of Freeport-McMoRan from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of Freeport-McMoRan to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.56.

Freeport-McMoRan Stock Performance

FCX stock opened at $42.01 on Monday. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $50.12. The business has a 50-day moving average price of $42.59 and a 200 day moving average price of $40.59. The company has a market capitalization of $60.31 billion, a P/E ratio of 31.82, a PEG ratio of 0.98 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.

Institutional Investors Weigh In On Freeport-McMoRan

A number of large investors have recently made changes to their positions in the stock. Stratos Investment Management LLC grew its stake in Freeport-McMoRan by 238.5% during the 1st quarter. Stratos Investment Management LLC now owns 64,519 shares of the natural resource company’s stock valued at $2,443,000 after purchasing an additional 45,458 shares during the last quarter. Community Bank N.A. lifted its holdings in shares of Freeport-McMoRan by 18.5% during the first quarter. Community Bank N.A. now owns 39,571 shares of the natural resource company’s stock worth $1,498,000 after purchasing an additional 6,188 shares during the period. Callan Family Office LLC boosted its position in Freeport-McMoRan by 229.9% in the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after buying an additional 18,803 shares during the last quarter. Bourgeon Capital Management LLC boosted its position in Freeport-McMoRan by 8.1% in the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after buying an additional 24,803 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Freeport-McMoRan by 2.2% in the 1st quarter. Arizona State Retirement System now owns 421,469 shares of the natural resource company’s stock worth $15,957,000 after buying an additional 8,989 shares during the period. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid 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 yield of 1.4%. Freeport-McMoRan’s dividend payout ratio 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.