Raymond James Has Negative Forecast for FCX FY2025 Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Raymond James lowered their FY2025 earnings estimates for shares of Freeport-McMoRan in a report released on Thursday, January 23rd. Raymond James analyst B. Macarthur now anticipates that the natural resource company will post earnings of $1.67 per share for the year, down from their prior estimate of $1.79. Raymond James has a “Outperform” rating and a $57.00 price objective 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:FCX) last announced its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.81% and a return on equity of 7.40%.

FCX has been the topic of several other research reports. BMO Capital Markets lowered their target price on shares of Freeport-McMoRan from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday. Jefferies Financial Group lowered shares of 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. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $51.00 to $46.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Scotiabank reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.46.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $36.67 on Monday. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.39 and a beta of 1.87. The firm’s 50-day moving average is $40.67 and its 200 day moving average is $43.74. Freeport-McMoRan has a 1 year low of $36.26 and a 1 year high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.33 and a quick ratio of 1.30.

Institutional Trading of Freeport-McMoRan

A number of hedge funds and other institutional investors have recently bought and sold shares of FCX. Fisher Asset Management LLC boosted its holdings in Freeport-McMoRan by 2.4% in the third quarter. Fisher Asset Management LLC now owns 59,409,395 shares of the natural resource company’s stock worth $2,965,717,000 after acquiring an additional 1,392,494 shares in the last quarter. Geode Capital Management LLC boosted its stake in Freeport-McMoRan by 1.9% during the third quarter. Geode Capital Management LLC now owns 28,891,058 shares of the natural resource company’s stock worth $1,436,455,000 after buying an additional 529,099 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Freeport-McMoRan by 9.5% in the 3rd quarter. Franklin Resources Inc. now owns 27,310,294 shares of the natural resource company’s stock valued at $1,348,522,000 after purchasing an additional 2,366,187 shares during the last quarter. Mountaineer Partners Management LLC lifted its stake in Freeport-McMoRan by 4,767.8% during the 3rd quarter. Mountaineer Partners Management LLC now owns 11,933,126 shares of the natural resource company’s stock worth $595,702,000 after acquiring an additional 11,687,982 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Freeport-McMoRan by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,223,038 shares of the natural resource company’s stock worth $410,494,000 after acquiring an additional 127,251 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

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.