Q2 EPS Forecast for Freeport-McMoRan Decreased by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Raymond James reduced their Q2 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued on Monday, January 6th. Raymond James analyst B. Macarthur now expects that the natural resource company will earn $0.45 per share for the quarter, down from their previous estimate of $0.51. Raymond James currently has a “Outperform” rating and a $57.00 target price on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.49 per share. Raymond James also issued estimates for Freeport-McMoRan’s Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.79 EPS.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Tuesday, October 22nd. The natural resource company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.45 billion. Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%. Freeport-McMoRan’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS.

FCX has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on Freeport-McMoRan from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. StockNews.com lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Morgan Stanley cut their price target on shares of Freeport-McMoRan from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, September 19th. Scotiabank lowered their price objective on shares of Freeport-McMoRan from $52.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Sanford C. Bernstein lowered shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and cut their target price for the company from $51.00 to $46.00 in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average target price of $52.96.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $39.77 on Wednesday. The stock has a market cap of $57.15 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30. Freeport-McMoRan has a 12 month low of $36.26 and a 12 month high of $55.24. The stock’s 50 day moving average price is $42.20 and its 200 day moving average price is $44.77.

Freeport-McMoRan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.15 per share. This is an increase from Freeport-McMoRan’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. Freeport-McMoRan’s payout ratio is currently 21.90%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FCX. Matrix Trust Co acquired a new position in shares of Freeport-McMoRan in the 3rd quarter valued at about $25,000. Spectrum Wealth Counsel LLC purchased a new position in Freeport-McMoRan during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. increased its stake in Freeport-McMoRan by 1,170.7% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 521 shares of the natural resource company’s stock valued at $25,000 after buying an additional 480 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Freeport-McMoRan in the 2nd quarter worth approximately $27,000. Finally, Godsey & Gibb Inc. boosted its stake in shares of Freeport-McMoRan by 150.4% during the 3rd quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company’s stock valued at $29,000 after buying an additional 346 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

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.