Q1 EPS Estimates for Freeport-McMoRan Cut by Zacks Research

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Zacks Research cut their Q1 2025 earnings estimates for Freeport-McMoRan in a note issued to investors on Wednesday, February 5th. Zacks Research analyst A. Barman now forecasts that the natural resource company will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.48. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Freeport-McMoRan’s Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.66 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.64 EPS and FY2026 earnings at $2.16 EPS.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Argus lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Jefferies Financial Group cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $40.00 in a research note on Friday, January 24th. Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $51.00 to $46.00 in a research report on Tuesday, January 7th. Finally, Raymond James lifted their price objective on Freeport-McMoRan from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Nine investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of $51.46.

Freeport-McMoRan Trading Up 0.6 %

FCX stock opened at $38.47 on Monday. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a twelve month low of $34.89 and a twelve month high of $55.24. The company has a market cap of $55.27 billion, a P/E ratio of 29.82, a PEG ratio of 0.81 and a beta of 1.85. The business has a fifty day moving average of $39.25 and a 200-day moving average of $43.01.

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

Institutional Trading of Freeport-McMoRan

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC raised its position in Freeport-McMoRan by 9.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 164,640 shares of the natural resource company’s stock valued at $8,219,000 after buying an additional 14,501 shares during the last quarter. Easterly Investment Partners LLC lifted its position in shares of Freeport-McMoRan by 137.5% in the third quarter. Easterly Investment Partners LLC now owns 147,735 shares of the natural resource company’s stock worth $7,375,000 after purchasing an additional 85,542 shares in the last quarter. Summit Global Investments boosted its holdings in Freeport-McMoRan by 1,559.3% during the third quarter. Summit Global Investments now owns 76,493 shares of the natural resource company’s stock worth $3,819,000 after purchasing an additional 71,883 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Freeport-McMoRan in the third quarter valued at $754,000. Finally, AIA Group Ltd increased its stake in Freeport-McMoRan by 16.2% in the 3rd quarter. AIA Group Ltd now owns 92,224 shares of the natural resource company’s stock valued at $4,604,000 after buying an additional 12,887 shares during the last quarter. 80.77% of the stock is owned by institutional investors.

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.