Freeport-McMoRan (NYSE:FCX) Releases Earnings Results, Beats Expectations By $0.10 EPS

Freeport-McMoRan (NYSE:FCX) issued its quarterly earnings data on Thursday. The natural resource company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10, Briefing.com reports. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis.

Freeport-McMoRan Stock Down 8.3%

NYSE:FCX traded down $5.81 during midday trading on Thursday, reaching $64.55. The company had a trading volume of 18,196,265 shares, compared to its average volume of 19,765,051. The firm has a market capitalization of $92.77 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 0.78 and a beta of 1.48. The stock’s fifty day simple moving average is $62.51 and its 200-day simple moving average is $53.58. Freeport-McMoRan has a 12-month low of $34.45 and a 12-month high of $70.96. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 19.87%.

Key Stories Impacting Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Q1 earnings beat — FCX reported $0.57 EPS vs. consensus $0.47 and revenue rose year-over-year, driven by higher copper prices; the beat supports underlying cash generation. Freeport-McMoRan (FCX) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Reuters notes profit beat tied to stronger copper prices, reinforcing commodity tailwinds that support Freeport’s margins and cash flow. Freeport-McMoRan beats first-quarter profit on higher copper prices
• Positive Sentiment: Market cap milestone — coverage highlights that FCX has joined the ~$100B mining-company club, reflecting strong market valuation amid commodity strength. CHART: Freeport-McMoRan joins $100B mining company club
• Neutral Sentiment: Analyst commentary mixed — some firms (Deutsche Bank, Wells Fargo) raised price targets and remain constructive, citing recovery into Q1; these revisions support medium-term upside but don’t offset guidance concerns. Is Freeport-McMoRan (FCX) the Best Beginner Stock to Buy Right Now?
• Neutral Sentiment: Company filings/slide deck available — investors can review the full Q1 press release and slides for unit-cost, production and capex detail. View Press Release
• Negative Sentiment: Production cuts and guidance hit sentiment — management trimmed 2026 copper and gold forecasts after disruptions at the Grasberg mine (including last year’s fatal mudslide), reducing near-term volume and growth visibility. Freeport-McMoRan Stock Falls After Earnings. Lower Forecasts Weigh on Shares.
• Negative Sentiment: Operational impact confirmed — WSJ and other coverage report lower copper and gold production due to the Grasberg incident, raising execution risk and near-term free cash flow uncertainty. Freeport-McMoRan Production Sinks
• Negative Sentiment: Analyst cut on EPS — Scotiabank trimmed FY2026/27 EPS estimates slightly, reflecting the production and outlook hit; small revision but signals some analyst caution. Scotiabank reduces FY2026/27 EPS estimates

Analyst Upgrades and Downgrades

FCX has been the subject of a number of research reports. Sanford C. Bernstein cut Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. Jefferies Financial Group lifted their price objective on Freeport-McMoRan from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Stifel Nicolaus lifted their price objective on Freeport-McMoRan from $52.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Scotiabank dropped their price objective on Freeport-McMoRan from $72.00 to $71.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Freeport-McMoRan from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average price target of $66.26.

Insider Transactions at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the transaction, the chief accounting officer directly owned 40,773 shares in the company, valued at approximately $2,529,149.19. This trade represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of Freeport-McMoRan stock in a transaction on Friday, February 20th. The shares were sold at an average price of $63.00, for a total value of $1,868,202.00. Following the completion of the transaction, the chief accounting officer owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. This trade represents a 27.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 565,145 shares of company stock valued at $35,839,918 in the last 90 days. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after acquiring an additional 2,882 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Freeport-McMoRan by 5.6% during the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after acquiring an additional 507 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Freeport-McMoRan during the 2nd quarter worth about $560,000. Brown Advisory Inc. boosted its position in shares of Freeport-McMoRan by 27.0% during the 2nd quarter. Brown Advisory Inc. now owns 12,443 shares of the natural resource company’s stock worth $539,000 after acquiring an additional 2,648 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of Freeport-McMoRan by 42.7% during the 2nd quarter. Jump Financial LLC now owns 50,114 shares of the natural resource company’s stock worth $2,172,000 after acquiring an additional 14,992 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.