Raymond James Predicts Reduced Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Raymond James reduced their FY2025 EPS estimates for Freeport-McMoRan in a research report issued to clients and investors on Thursday, January 23rd. Raymond James analyst B. Macarthur now anticipates that the natural resource company will earn $1.67 per share for the year, down from their previous estimate of $1.79. Raymond James has a “Outperform” rating and a $57.00 price objective on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.42 per share. Raymond James also issued estimates for Freeport-McMoRan’s Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.54 EPS and Q4 2026 earnings at $0.56 EPS.

Freeport-McMoRan (NYSE:FCX) last released its earnings results 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 7.40% and a net margin of 7.81%.

A number of other research firms have also issued reports on FCX. Jefferies Financial Group lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and dropped their price objective for the company from $48.00 to $40.00 in a research note on Friday. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $51.00 to $46.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target 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. BMO Capital Markets reduced their price target on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Scotiabank reduced their target price on Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating on the stock in a report on Friday. Eight equities 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 has an average rating of “Moderate Buy” and an average target price of $51.46.

Freeport-McMoRan Trading Down 1.9 %

Shares of FCX opened at $37.78 on Monday. The stock’s 50-day moving average is $40.81 and its two-hundred day moving average is $43.85. The stock has a market cap of $54.29 billion, a PE ratio of 27.58, a P/E/G ratio of 2.39 and a beta of 1.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30. Freeport-McMoRan has a 12 month low of $36.26 and a 12 month high of $55.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in shares of Freeport-McMoRan by 9.7% in the third quarter. Sanctuary Advisors LLC now owns 164,640 shares of the natural resource company’s stock valued at $8,219,000 after purchasing an additional 14,501 shares in the last quarter. Easterly Investment Partners LLC grew its stake in Freeport-McMoRan by 137.5% during the 3rd quarter. Easterly Investment Partners LLC now owns 147,735 shares of the natural resource company’s stock valued at $7,375,000 after acquiring an additional 85,542 shares in the last quarter. Summit Global Investments boosted its holdings in shares of 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 period. Wilmington Savings Fund Society FSB acquired a new position in Freeport-McMoRan in the 3rd quarter valued at approximately $754,000. Finally, AIA Group Ltd lifted its position 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 worth $4,604,000 after buying an additional 12,887 shares in the last quarter. Institutional investors and hedge funds 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.