Stifel Canada Expects Stronger Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Stifel Canada increased their FY2025 earnings per share (EPS) estimates for Freeport-McMoRan in a note issued to investors on Tuesday, November 18th. Stifel Canada analyst R. Profiti now anticipates that the natural resource company will post earnings of $1.46 per share for the year, up from their previous forecast of $1.37. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Freeport-McMoRan’s Q4 2025 earnings at $0.18 EPS.

Several other research firms have also recently weighed in on FCX. Dbs Bank decreased their price objective on shares of Freeport-McMoRan from $51.00 to $48.00 in a report on Thursday, October 2nd. Wells Fargo & Company raised shares of Freeport-McMoRan to a “strong-buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 1st. Morgan Stanley dropped their price target on Freeport-McMoRan from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Johnson Rice reduced their price objective on Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of “Buy” and a consensus price target of $46.73.

Freeport-McMoRan Price Performance

FCX opened at $41.15 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The stock has a market capitalization of $59.09 billion, a P/E ratio of 28.98, a P/E/G ratio of 0.94 and a beta of 1.64. The company’s 50-day simple moving average is $41.31 and its two-hundred day simple moving average is $41.84. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $49.12.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period last year, the firm posted $0.38 earnings per share. Freeport-McMoRan’s revenue was up 2.7% compared to the same quarter last year.

Institutional Trading of Freeport-McMoRan

Hedge funds have recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. bought a new position in shares of Freeport-McMoRan in the third quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Freeport-McMoRan during the 2nd quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its holdings in Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 687 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $33,000. Finally, Beacon Capital Management LLC lifted its holdings in 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. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, October 15th. Freeport-McMoRan’s dividend payout ratio is 21.13%.

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.