Equities Analysts Offer Predictions for FCX Q1 Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Equities research analysts at Raymond James reduced their Q1 2025 earnings per share estimates for shares of Freeport-McMoRan in a report issued on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the natural resource company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Raymond James also issued estimates for Freeport-McMoRan’s FY2025 earnings at $1.59 EPS.

A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Thursday, March 6th. Sanford C. Bernstein cut Freeport-McMoRan from an “outperform” rating to a “market perform” rating and cut their target price for the company from $51.00 to $46.00 in a research note on Tuesday, January 7th. StockNews.com raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Monday. Argus lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and raised their target price for the company from $40.00 to $48.00 in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and an average target price of $52.04.

Freeport-McMoRan Trading Up 0.1 %

FCX opened at $38.17 on Thursday. The firm’s fifty day simple moving average is $38.03 and its 200 day simple moving average is $41.89. The stock has a market capitalization of $54.85 billion, a P/E ratio of 29.59, a P/E/G ratio of 0.87 and a beta of 1.87. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a 12 month low of $33.98 and a 12 month high of $55.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly 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 net margin of 7.42% and a return on equity of 7.50%.

Institutional Trading of Freeport-McMoRan

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Freeport-McMoRan by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company’s stock valued at $4,692,191,000 after acquiring an additional 642,776 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Freeport-McMoRan by 21.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company’s stock valued at $1,214,203,000 after purchasing an additional 5,735,171 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Freeport-McMoRan by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 29,579,298 shares of the natural resource company’s stock valued at $1,122,922,000 after purchasing an additional 688,240 shares during the period. Franklin Resources Inc. lifted its stake in shares of Freeport-McMoRan by 8.0% during the 4th quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company’s stock worth $1,123,445,000 after buying an additional 2,191,926 shares during the last quarter. Finally, Capital World Investors grew its stake in Freeport-McMoRan by 3.2% in the 4th quarter. Capital World Investors now owns 24,055,524 shares of the natural resource company’s stock valued at $916,037,000 after buying an additional 750,500 shares during the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 23.26%.

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.