Raymond James Expects Lower Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Raymond James cut their Q2 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a report issued on Tuesday, April 1st. Raymond James analyst B. Macarthur now expects that the natural resource company will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.46. Raymond James currently has a “Outperform” rating and a $51.00 price target on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James also issued estimates for Freeport-McMoRan’s Q3 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.48 EPS.

Several other research firms also recently weighed in on FCX. Jefferies Financial Group raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Thursday, February 27th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $51.00 to $46.00 in a research note on Tuesday, January 7th. BMO Capital Markets cut their price objective on Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Dbs Bank raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. upgraded Freeport-McMoRan from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $48.00 to $52.00 in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.61.

Freeport-McMoRan Stock Down 13.0 %

Shares of NYSE:FCX opened at $29.14 on Friday. Freeport-McMoRan has a 12-month low of $28.49 and a 12-month high of $55.24. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. The firm has a market cap of $41.88 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. The company has a fifty day simple moving average of $37.75 and a 200 day simple moving average of $41.74.

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

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan’s dividend payout ratio is presently 23.26%.

Hedge Funds Weigh In On Freeport-McMoRan

Several hedge funds and other institutional investors have recently modified their holdings of the company. Continuum Advisory LLC increased its holdings in shares of Freeport-McMoRan by 46.8% in the 3rd quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company’s stock worth $37,000 after acquiring an additional 236 shares during the period. Coppell Advisory Solutions LLC grew its position in Freeport-McMoRan by 47.4% in the 4th 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 during the last quarter. PFG Investments LLC increased its stake in shares of Freeport-McMoRan by 1.3% in the fourth quarter. PFG Investments LLC now owns 22,910 shares of the natural resource company’s stock valued at $872,000 after purchasing an additional 283 shares during the period. Palogic Value Management L.P. raised its holdings in shares of Freeport-McMoRan by 1.5% during the fourth quarter. Palogic Value Management L.P. now owns 20,277 shares of the natural resource company’s stock valued at $772,000 after buying an additional 292 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Freeport-McMoRan by 1.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 19,104 shares of the natural resource company’s stock worth $727,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

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.