Freeport-McMoRan (FCX) Expected to Announce Earnings on Wednesday

Freeport-McMoRan (NYSE:FCX) will likely be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Freeport-McMoRan to post earnings of $0.45 per share and revenue of $6.85 billion for the quarter.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Freeport-McMoRan had a return on equity of 7.03% and a net margin of 7.11%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts expect Freeport-McMoRan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock opened at $45.25 on Tuesday. Freeport-McMoRan has a twelve month low of $27.66 and a twelve month high of $52.61. The stock has a market capitalization of $65.02 billion, a P/E ratio of 37.39, a PEG ratio of 0.82 and a beta of 1.64. The company has a current ratio of 2.32, a quick ratio of 1.13 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $41.81 and its 200 day moving average price is $38.76.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.33%. Freeport-McMoRan’s dividend payout ratio is presently 24.79%.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 8,584 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $40.02, for a total value of $343,531.68. Following the completion of the sale, the chief accounting officer owned 48,333 shares of the company’s stock, valued at $1,934,286.66. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Freeport-McMoRan

A hedge fund recently raised its stake in Freeport-McMoRan stock. Brighton Jones LLC increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 24.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,807 shares of the natural resource company’s stock after purchasing an additional 2,882 shares during the quarter. Brighton Jones LLC’s holdings in Freeport-McMoRan were worth $564,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FCX. Hsbc Global Res upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Raymond James Financial reiterated an “outperform” rating and set a $52.00 price target on shares of Freeport-McMoRan in a research report on Friday, April 25th. UBS Group cut Freeport-McMoRan from a “buy” rating to a “neutral” rating and increased their price target for the stock from $45.00 to $50.00 in a research report on Friday, July 11th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Freeport-McMoRan in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.71.

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.