Raymond James Forecasts Lower Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Investment analysts at Raymond James decreased their Q2 2025 earnings estimates for Freeport-McMoRan in a report issued on Monday, January 6th. Raymond James analyst B. Macarthur now forecasts that the natural resource company will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.51. Raymond James 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.

Several other analysts have also weighed in on FCX. Sanford C. Bernstein lowered Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $51.00 to $46.00 in a report on Tuesday. Jefferies Financial Group lowered their target price on shares of Freeport-McMoRan from $60.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Scotiabank cut their price target 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. Morgan Stanley decreased their price objective on shares of Freeport-McMoRan from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Finally, StockNews.com cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has an average rating of “Moderate Buy” and an average target price of $52.96.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $38.77 on Wednesday. The firm has a market capitalization of $55.71 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30. The business has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $44.81. Freeport-McMoRan has a 1 year low of $36.26 and a 1 year high of $55.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Tuesday, October 22nd. The natural resource company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year.

Institutional Investors Weigh In On Freeport-McMoRan

Several large investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 480 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new stake in shares of Freeport-McMoRan during the 2nd quarter worth $25,000. Matrix Trust Co purchased a new stake in shares of Freeport-McMoRan during the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Freeport-McMoRan in the second quarter valued at about $27,000. Finally, Strategic Financial Concepts LLC purchased a new position in Freeport-McMoRan in the second quarter valued at about $29,000. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.55%. This is a boost from Freeport-McMoRan’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 21.90%.

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.