Zacks Research Has Pessimistic Outlook of FCX Q1 Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Zacks Research dropped their Q1 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst A. Barman now expects that the natural resource company will earn $0.22 per share for the quarter, down from their previous forecast of $0.24. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Zacks Research also issued estimates for Freeport-McMoRan’s FY2025 earnings at $1.64 EPS, Q1 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.61 EPS, FY2026 earnings at $2.12 EPS and FY2027 earnings at $2.94 EPS.

Other research analysts also recently issued reports about the company. Jefferies Financial Group downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating and lowered their price target for the company from $48.00 to $40.00 in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $51.00 to $46.00 in a report on Tuesday, January 7th. Scotiabank lowered their price target on 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, BMO Capital Markets lowered their target price on Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average target price of $51.46.

Freeport-McMoRan Trading Up 3.4 %

Freeport-McMoRan stock opened at $38.03 on Thursday. 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 business’s fifty day simple moving average is $38.37 and its two-hundred day simple moving average is $42.66. Freeport-McMoRan has a 12 month low of $34.89 and a 12 month high of $55.24. The company has a market capitalization of $54.64 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 0.87 and a beta of 1.85.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in shares of Freeport-McMoRan by 7.3% during the third quarter. Allworth Financial LP now owns 7,336 shares of the natural resource company’s stock worth $366,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Freeport-McMoRan by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 158,417 shares of the natural resource company’s stock worth $7,908,000 after purchasing an additional 2,322 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of Freeport-McMoRan during the third quarter worth about $321,000. Nisa Investment Advisors LLC grew its position in shares of Freeport-McMoRan by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 341,039 shares of the natural resource company’s stock worth $17,025,000 after purchasing an additional 2,925 shares in the last quarter. Finally, abrdn plc grew its position in shares of Freeport-McMoRan by 53.2% during the third quarter. abrdn plc now owns 1,142,201 shares of the natural resource company’s stock worth $57,042,000 after purchasing an additional 396,475 shares in the last quarter. Hedge funds and other institutional investors 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.