Raymond James Issues Pessimistic Outlook for FCX Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Equities research analysts at Raymond James decreased their Q2 2025 earnings per share (EPS) estimates for Freeport-McMoRan in a note issued to investors on Tuesday, April 1st. 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 previous forecast of $0.46. 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 Q3 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.48 EPS.

Several other research firms also recently commented on FCX. Dbs Bank raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 10th. Jefferies Financial Group upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $48.00 in a report on Thursday, February 27th. BMO Capital Markets reduced their price target on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $51.00 to $46.00 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised shares of Freeport-McMoRan from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $48.00 to $52.00 in a report on Thursday, March 20th. Five equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.04.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $33.46 on Friday. 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 company has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $41.83. Freeport-McMoRan has a 12-month low of $30.82 and a 12-month high of $55.24. The company has a market cap of $48.08 billion, a P/E ratio of 25.93, a PEG ratio of 0.87 and a beta of 1.87.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%.

Hedge Funds Weigh In On Freeport-McMoRan

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in Freeport-McMoRan by 234.4% in the 1st quarter. Versant Capital Management Inc now owns 3,484 shares of the natural resource company’s stock worth $132,000 after buying an additional 2,442 shares during the last quarter. First Hawaiian Bank increased its stake in Freeport-McMoRan by 5.0% in the 1st quarter. First Hawaiian Bank now owns 30,192 shares of the natural resource company’s stock worth $1,143,000 after purchasing an additional 1,442 shares during the period. Confluence Investment Management LLC increased its stake in Freeport-McMoRan by 3.3% in the 1st quarter. Confluence Investment Management LLC now owns 14,630 shares of the natural resource company’s stock worth $554,000 after purchasing an additional 463 shares during the period. 111 Capital bought a new stake in Freeport-McMoRan in the fourth quarter valued at approximately $503,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Freeport-McMoRan by 14.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 180,623 shares of the natural resource company’s stock worth $6,878,000 after buying an additional 22,206 shares during the period. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan’s payout ratio is 23.26%.

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.