Raymond James Lowers Earnings Estimates for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCXFree Report) – Raymond James dropped their Q2 2025 EPS estimates for Freeport-McMoRan in a report released on Monday, January 6th. Raymond James analyst B. Macarthur now anticipates that the natural resource company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.51. Raymond James currently has a “Outperform” rating and a $57.00 price target 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:FCXGet Free Report) last released its earnings results on Tuesday, October 22nd. The natural resource company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Freeport-McMoRan had a return on equity of 7.40% and a net margin of 7.81%. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis.

FCX has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Freeport-McMoRan from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Scotiabank reduced 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. StockNews.com cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Morgan Stanley reduced their price target on Freeport-McMoRan from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Finally, Jefferies Financial Group dropped their price objective on Freeport-McMoRan from $60.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.96.

View Our Latest Stock Analysis on FCX

Freeport-McMoRan Price Performance

Shares of FCX stock opened at $39.77 on Wednesday. The firm 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. Freeport-McMoRan has a 12 month low of $36.26 and a 12 month high of $55.24. The company has a quick ratio of 1.30, a current ratio of 2.33 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $42.09 and a 200 day moving average price of $44.74.

Freeport-McMoRan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Freeport-McMoRan’s previous quarterly dividend of $0.08. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Freeport-McMoRan’s payout ratio is currently 21.90%.

Institutional Trading of Freeport-McMoRan

Large investors have recently bought and sold shares of the business. Michael S. Ryan Inc. boosted its holdings in shares of Freeport-McMoRan by 22.8% in the fourth quarter. Michael S. Ryan Inc. now owns 8,022 shares of the natural resource company’s stock valued at $305,000 after buying an additional 1,487 shares during the period. First Hawaiian Bank boosted its stake in Freeport-McMoRan by 37.3% in the 4th quarter. First Hawaiian Bank now owns 28,750 shares of the natural resource company’s stock worth $1,095,000 after purchasing an additional 7,808 shares during the period. Douglas Lane & Associates LLC increased its holdings in Freeport-McMoRan by 4.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,548,963 shares of the natural resource company’s stock worth $58,985,000 after purchasing an additional 64,906 shares in the last quarter. Oliver Luxxe Assets LLC increased its holdings in Freeport-McMoRan by 1.8% during the 4th quarter. Oliver Luxxe Assets LLC now owns 142,486 shares of the natural resource company’s stock worth $5,426,000 after purchasing an additional 2,548 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in shares of Freeport-McMoRan by 23.2% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 15,951 shares of the natural resource company’s stock valued at $607,000 after purchasing an additional 3,000 shares during the period. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Company Profile

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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.

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Earnings History and Estimates for Freeport-McMoRan (NYSE:FCX)

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