Zacks Research Cuts Earnings Estimates for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Analysts at Zacks Research cut their Q2 2025 earnings estimates for shares of Freeport-McMoRan in a research report issued on Wednesday, February 5th. Zacks Research analyst A. Barman now expects that the natural resource company will earn $0.47 per share for the quarter, down from their previous estimate 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.

A number of other brokerages also recently issued reports on FCX. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $51.00 to $46.00 in a report on Tuesday, January 7th. Argus downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Raymond James raised their price target on shares of Freeport-McMoRan from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Scotiabank dropped their price objective on shares of Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Finally, 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.46.

Freeport-McMoRan Stock Performance

Shares of NYSE FCX opened at $38.27 on Friday. The firm’s 50-day moving average price is $39.36 and its 200-day moving average price is $43.07. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $54.98 billion, a PE ratio of 29.66, a PEG ratio of 0.85 and a beta of 1.85. Freeport-McMoRan has a 52-week low of $34.89 and a 52-week high of $55.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly 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%.

Institutional Investors Weigh In On Freeport-McMoRan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $25,000. Asset Planning Inc bought a new stake in shares of Freeport-McMoRan during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Freeport-McMoRan during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC raised its position in shares of Freeport-McMoRan by 487.8% during the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after buying an additional 600 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Freeport-McMoRan during the fourth quarter valued at approximately $28,000. Institutional investors own 80.77% of the company’s stock.

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.