Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Research analysts at Zacks Research reduced their Q1 2025 EPS estimates for shares of Freeport-McMoRan in a research note issued to investors on Wednesday, February 5th. Zacks Research analyst A. Barman now anticipates that the natural resource company will earn $0.24 per share for the quarter, down from their previous estimate of $0.48. The consensus estimate for Freeport-McMoRan's current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Freeport-McMoRan's Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.66 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.64 EPS and FY2026 earnings at $2.16 EPS.
Several other analysts also recently commented on the stock. Argus downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Sanford C. Bernstein lowered Freeport-McMoRan from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $51.00 to $46.00 in a report on Tuesday, January 7th. Raymond James boosted their price target on shares of Freeport-McMoRan from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded Freeport-McMoRan from a "buy" rating to a "hold" rating and reduced their price objective for the company from $48.00 to $40.00 in a research note on Friday, January 24th. Finally, BMO Capital Markets lowered their price target on shares of Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.46.
Get Our Latest Stock Analysis on FCX
Shares of Freeport-McMoRan stock opened at $38.27 on Monday. The business has a 50-day moving average price of $39.36 and a two-hundred day moving average price of $43.05. Freeport-McMoRan has a 1-year low of $34.89 and a 1-year high of $55.24. The company has a market cap of $54.98 billion, a P/E ratio of 29.66, a PEG ratio of 0.81 and a beta of 1.85. 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 (NYSE:FCX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.50% and a net margin of 7.42%.
Several institutional investors have recently made changes to their positions in the company. Brookstone Capital Management raised its stake in Freeport-McMoRan by 53.8% in the third quarter. Brookstone Capital Management now owns 13,044 shares of the natural resource company's stock valued at $651,000 after purchasing an additional 4,565 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Freeport-McMoRan by 3.4% during the 3rd quarter. Annex Advisory Services LLC now owns 623,031 shares of the natural resource company's stock valued at $31,102,000 after buying an additional 20,473 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Freeport-McMoRan by 22.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 14,998 shares of the natural resource company's stock worth $749,000 after acquiring an additional 2,716 shares during the last quarter. Koshinski Asset Management Inc. grew its position in Freeport-McMoRan by 1.0% in the third quarter. Koshinski Asset Management Inc. now owns 20,777 shares of the natural resource company's stock worth $1,037,000 after acquiring an additional 214 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in Freeport-McMoRan by 4.1% in the third quarter. Gilman Hill Asset Management LLC now owns 138,699 shares of the natural resource company's stock valued at $6,924,000 after acquiring an additional 5,473 shares during the last quarter. Institutional investors own 80.77% of the company's stock.
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.
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