What is Erste Group Bank’s Forecast for FCX FY2027 Earnings?

Freeport-McMoRan Inc. (NYSE:FCX) – Stock analysts at Erste Group Bank dropped their FY2027 earnings estimates for shares of Freeport-McMoRan in a research note issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now anticipates that the natural resource company will earn $4.00 per share for the year, down from their prior forecast of $4.01. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $2.81 per share.

FCX has been the subject of a number of other research reports. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $78.00 target price on shares of Freeport-McMoRan in a research note on Thursday, July 23rd. UBS Group lifted their target price on Freeport-McMoRan from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Freeport-McMoRan presently has an average rating of “Moderate Buy” and a consensus price target of $69.75.

Freeport-McMoRan Trading Down 6.7%

Shares of NYSE FCX opened at $71.15 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07. The business’s 50 day moving average price is $67.41 and its 200-day moving average price is $64.70. Freeport-McMoRan has a fifty-two week low of $35.15 and a fifty-two week high of $80.24. The company has a market cap of $102.18 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 0.75 and a beta of 1.41.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share.

Institutional Investors Weigh In On Freeport-McMoRan

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in shares of Freeport-McMoRan by 34.5% during the 1st quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock worth $62,478,000 after buying an additional 272,726 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Freeport-McMoRan in the 4th quarter valued at $8,857,000. Franklin Resources Inc. increased its holdings in Freeport-McMoRan by 31.2% in the 4th quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock worth $1,897,202,000 after acquiring an additional 8,891,743 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Freeport-McMoRan by 205.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 317,429 shares of the natural resource company’s stock worth $16,122,000 after acquiring an additional 213,477 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Freeport-McMoRan by 1.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock worth $627,068,000 after acquiring an additional 141,738 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director directly owned 122,702 shares in the company, valued at $9,706,955.22. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Ellie Mikes sold 4,773 shares of Freeport-McMoRan stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 110,398 shares of company stock valued at $8,387,271. Company insiders own 0.73% of the company’s stock.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is 14.78%.

More Freeport-McMoRan News

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

• Positive Sentiment: Longer term, Freeport-McMoRan remains positioned to benefit from strong copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Copper supply is also constrained by declining mine output, operational disruptions and smelter bottlenecks. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Recent earnings demonstrated operating leverage: FCX reported quarterly earnings of $0.74 per share versus the $0.62 consensus estimate, while revenue also exceeded expectations. Analysts’ average rating remains Moderate Buy, with some price targets above the current trading level. Freeport-McMoRan earnings report
• Neutral Sentiment: Investors remain focused on whether the structural copper shortage can outweigh near-term demand weakness. Elevated prices have caused some buyers, particularly in China, to delay purchases, while copper inventories and trade flows remain sensitive to policy developments. Copper miners and oil market article
• Negative Sentiment: Uncertainty surrounding White House plans for copper tariffs triggered a broad pullback in copper-related equities, reversing part of the metal’s recent record rally. Rising Treasury yields, a stronger dollar and pressure across precious and industrial metals added to the selling. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a global mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.