Stifel Canada Expects Stronger Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Stifel Canada upped their FY2025 earnings per share (EPS) estimates for Freeport-McMoRan in a research note issued to investors on Tuesday, November 18th. Stifel Canada analyst R. Profiti now expects that the natural resource company will earn $1.46 per share for the year, up from their prior forecast of $1.37. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Freeport-McMoRan’s Q4 2025 earnings at $0.18 EPS.

Several other brokerages also recently commented on FCX. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. UBS Group set a $48.00 target price on shares of Freeport-McMoRan and gave the stock a “buy” rating in a research note on Friday, October 3rd. BNP Paribas Exane decreased their price target on shares of Freeport-McMoRan from $56.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Finally, Dbs Bank reduced their price objective on Freeport-McMoRan from $51.00 to $48.00 in a report on Thursday, October 2nd. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Freeport-McMoRan currently has a consensus rating of “Buy” and an average price target of $46.73.

Freeport-McMoRan Stock Performance

NYSE:FCX opened at $41.15 on Thursday. 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 has a fifty-two week low of $27.66 and a fifty-two week high of $49.12. The firm has a market capitalization of $59.09 billion, a PE ratio of 28.98, a PEG ratio of 0.94 and a beta of 1.64. The stock’s fifty day moving average is $41.31 and its 200 day moving average is $41.84.

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 analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis.

Institutional Investors Weigh In On Freeport-McMoRan

A number of large investors have recently bought and sold shares of FCX. Danske Bank A S acquired a new stake in shares of Freeport-McMoRan during the 3rd quarter worth approximately $652,000. Fulcrum Asset Management LLP purchased a new position in shares of Freeport-McMoRan during the 3rd quarter worth $70,000. Hancock Whitney Corp increased its position in Freeport-McMoRan by 5.9% during the third quarter. Hancock Whitney Corp now owns 33,232 shares of the natural resource company’s stock worth $1,303,000 after purchasing an additional 1,852 shares during the last quarter. Peloton Wealth Strategists raised its stake in Freeport-McMoRan by 1.3% during the third quarter. Peloton Wealth Strategists now owns 76,875 shares of the natural resource company’s stock worth $3,015,000 after purchasing an additional 1,000 shares during the period. Finally, Greenline Partners LLC boosted its holdings in Freeport-McMoRan by 12.5% in the 3rd quarter. Greenline Partners LLC now owns 119,108 shares of the natural resource company’s stock valued at $4,671,000 after purchasing an additional 13,219 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Dividend Announcement

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

Freeport-McMoRan Company Profile

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.