Raymond James Forecasts Weaker Earnings for Freeport-McMoRan

Freeport-McMoRan Inc. (NYSE:FCXFree Report) – Analysts at Raymond James decreased their FY2025 earnings estimates for Freeport-McMoRan in a report issued on Thursday, January 23rd. Raymond James analyst B. Macarthur now forecasts that the natural resource company will post earnings per share of $1.67 for the year, down from their prior estimate of $1.79. Raymond James has a “Outperform” rating and a $57.00 price target on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $1.42 per share. Raymond James also issued estimates for Freeport-McMoRan’s Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.54 EPS and Q4 2026 earnings at $0.56 EPS.

Freeport-McMoRan (NYSE:FCXGet Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%.

Several other brokerages have also recently weighed in on FCX. Jefferies Financial Group cut Freeport-McMoRan from a “buy” rating to a “hold” rating and reduced their price target for the company from $48.00 to $40.00 in a research report on Friday, January 24th. Scotiabank cut their price target on shares of Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $51.00 to $46.00 in a research note on Tuesday, January 7th. Finally, BMO Capital Markets cut their target price on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.46.

Read Our Latest Report on FCX

Freeport-McMoRan Trading Down 2.4 %

Shares of Freeport-McMoRan stock opened at $35.80 on Monday. The stock has a market capitalization of $51.45 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.39 and a beta of 1.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.33. The stock’s 50-day simple moving average is $40.51 and its 200 day simple moving average is $43.64. Freeport-McMoRan has a 52-week low of $35.46 and a 52-week high of $55.24.

Institutional Investors Weigh In On Freeport-McMoRan

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCX. Matrix Trust Co bought a new stake in Freeport-McMoRan during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Freeport-McMoRan in the 2nd quarter worth approximately $27,000. Laurel Wealth Advisors LLC increased its holdings in Freeport-McMoRan by 487.8% in the 4th quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock worth $28,000 after acquiring an additional 600 shares in the last quarter. Godsey & Gibb Inc. raised its stake in Freeport-McMoRan by 150.4% during the 3rd quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 346 shares during the period. Finally, Financial Life Planners purchased a new position in Freeport-McMoRan during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

About Freeport-McMoRan

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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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Earnings History and Estimates for Freeport-McMoRan (NYSE:FCX)

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