Q1 EPS Estimate for Freeport-McMoRan Decreased by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued to investors on Wednesday, November 5th. Zacks Research analyst Team now anticipates that the natural resource company will earn $0.38 per share for the quarter, down from their previous forecast of $0.43. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Zacks Research also issued estimates for Freeport-McMoRan’s Q2 2026 earnings at $0.44 EPS, FY2026 earnings at $1.75 EPS and Q2 2027 earnings at $0.69 EPS.

A number of other research firms also recently weighed in on FCX. Sanford C. Bernstein decreased their price objective on Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. BNP Paribas Exane decreased their price target on Freeport-McMoRan from $56.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Jefferies Financial Group restated a “buy” rating and set a $46.00 price objective on shares of Freeport-McMoRan in a research report on Wednesday, September 24th. Scotiabank lifted their price objective on Freeport-McMoRan from $49.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley decreased their target price on shares of Freeport-McMoRan from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and a consensus target price of $47.01.

Freeport-McMoRan Price Performance

FCX stock opened at $39.78 on Thursday. The company has a fifty day moving average price of $42.09 and a 200-day moving average price of $41.57. The company has a market capitalization of $57.12 billion, a P/E ratio of 28.02, a PEG ratio of 0.94 and a beta of 1.64. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $49.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year.

Hedge Funds Weigh In On Freeport-McMoRan

Several institutional investors have recently added to or reduced their stakes in FCX. Callan Family Office LLC lifted its position in shares of Freeport-McMoRan by 229.9% during the 2nd quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after buying an additional 18,803 shares during the last quarter. New York Life Investment Management LLC raised its stake in Freeport-McMoRan by 11.8% in the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock valued at $9,323,000 after acquiring an additional 22,766 shares during the period. Bourgeon Capital Management LLC lifted its holdings in Freeport-McMoRan by 8.1% during the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after purchasing an additional 24,803 shares during the last quarter. Arizona State Retirement System lifted its holdings in Freeport-McMoRan by 2.2% during the first quarter. Arizona State Retirement System now owns 421,469 shares of the natural resource company’s stock valued at $15,957,000 after purchasing an additional 8,989 shares during the last quarter. Finally, Mercuria Capital Strategies LLC bought a new position in Freeport-McMoRan during the second quarter worth about $9,970,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.60 annualized dividend and a yield of 1.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 21.13%.

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.