Raymond James Lowers Earnings Estimates for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Raymond James reduced their Q2 2025 EPS estimates for Freeport-McMoRan in a research note issued to investors on Monday, January 6th. 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 prior estimate of $0.51. Raymond James currently has a “Outperform” rating and a $57.00 target price 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:FCX) last issued its quarterly earnings results on Tuesday, October 22nd. The natural resource company reported $0.38 earnings per share (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 for the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Freeport-McMoRan from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. StockNews.com lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Scotiabank dropped 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 report on Monday. Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $51.00 to $46.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.96.

Freeport-McMoRan Stock Performance

FCX opened at $39.77 on Wednesday. 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’s 50 day moving average price is $42.09 and its two-hundred day moving average price is $44.74. The firm has a market capitalization of $57.15 billion, a P/E ratio of 29.03, a price-to-earnings-growth 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.

Freeport-McMoRan Increases Dividend

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

Hedge Funds Weigh In On Freeport-McMoRan

Institutional investors have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Freeport-McMoRan by 1,170.7% during the second quarter. Hazlett Burt & Watson Inc. now owns 521 shares of the natural resource company’s stock worth $25,000 after buying an additional 480 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in Freeport-McMoRan during the 2nd quarter valued at $25,000. Matrix Trust Co bought a new position in Freeport-McMoRan in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Freeport-McMoRan in the second quarter worth $27,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Freeport-McMoRan during the second quarter worth $29,000. 80.77% of the stock is owned by institutional investors.

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.