Q2 EPS Estimate for Freeport-McMoRan Decreased by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Investment analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Freeport-McMoRan in a report released on Tuesday, October 21st. Zacks Research analyst Team now expects that the natural resource company will earn $0.48 per share for the quarter, down from their prior forecast of $0.59. 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 Q3 2026 earnings at $0.50 EPS, Q1 2027 earnings at $0.56 EPS, Q2 2027 earnings at $0.70 EPS and Q3 2027 earnings at $0.42 EPS.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Wednesday, July 23rd. The natural resource company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Freeport-McMoRan had a net margin of 7.45% and a return on equity of 7.37%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 14.5% compared to the same quarter last year.

FCX has been the subject of a number of other research reports. Clarkson Capital reiterated a “neutral” rating and issued a $42.00 target price on shares of Freeport-McMoRan in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Freeport-McMoRan from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Raymond James Financial cut their price target on shares of Freeport-McMoRan from $55.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Stifel Nicolaus initiated coverage on shares of Freeport-McMoRan in a report on Wednesday, July 9th. They set a “buy” rating and a $56.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus target price of $46.92.

Freeport-McMoRan Stock Down 2.0%

FCX stock opened at $41.36 on Wednesday. Freeport-McMoRan has a 12-month low of $27.66 and a 12-month high of $50.12. The company has a quick ratio of 1.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.30. The company has a market cap of $59.38 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 0.99 and a beta of 1.58. The company has a 50 day moving average of $42.64 and a two-hundred day moving average of $40.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Callan Family Office LLC raised its holdings in Freeport-McMoRan by 229.9% in the 2nd quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after acquiring an additional 18,803 shares during the period. Stratos Investment Management LLC raised its holdings in Freeport-McMoRan by 238.5% in the 1st quarter. Stratos Investment Management LLC now owns 64,519 shares of the natural resource company’s stock worth $2,443,000 after acquiring an additional 45,458 shares during the period. Bourgeon Capital Management LLC raised its holdings in Freeport-McMoRan by 8.1% in the 2nd quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock worth $14,373,000 after acquiring an additional 24,803 shares during the period. Arizona State Retirement System raised its holdings in Freeport-McMoRan by 2.2% in the 1st quarter. Arizona State Retirement System now owns 421,469 shares of the natural resource company’s stock worth $15,957,000 after acquiring an additional 8,989 shares during the period. Finally, Financial Sense Advisors Inc. raised its holdings in Freeport-McMoRan by 527.9% in the 1st quarter. Financial Sense Advisors Inc. now owns 76,127 shares of the natural resource company’s stock worth $2,882,000 after acquiring an additional 64,003 shares during the period. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 22.73%.

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.