Research Analysts Offer Predictions for FCX Q4 Earnings

Freeport-McMoRan Inc. (NYSE:FCX) – Zacks Research decreased their Q4 2025 earnings per share estimates for Freeport-McMoRan in a report released on Monday, December 22nd. Zacks Research analyst Team now anticipates that the natural resource company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.23. 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 FY2026 earnings at $1.74 EPS.

Several other research analysts also recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and issued a $53.00 price objective on shares of Freeport-McMoRan in a report on Monday, December 15th. BMO Capital Markets upped their price objective on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. BNP Paribas Exane lowered their target price on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Freeport-McMoRan has a consensus rating of “Buy” and a consensus target price of $49.49.

Freeport-McMoRan Stock Up 0.1%

Shares of NYSE:FCX opened at $51.96 on Tuesday. The company has a market capitalization of $74.61 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company has a 50 day moving average of $43.12 and a two-hundred day moving average of $42.97. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $52.29. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.Freeport-McMoRan’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS.

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Insider Transactions at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Freeport-McMoRan

Hedge funds have recently added to or reduced their stakes in the business. Callan Family Office LLC increased its stake in Freeport-McMoRan by 229.9% in the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after acquiring an additional 18,803 shares during the period. New York Life Investment Management LLC lifted its stake in Freeport-McMoRan by 11.8% during the second quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after purchasing an additional 22,766 shares during the period. Arrow Capital Pty Ltd boosted its holdings in Freeport-McMoRan by 88.5% during the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock valued at $4,903,000 after purchasing an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC grew its stake in shares of 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 valued at $14,373,000 after purchasing an additional 24,803 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of Freeport-McMoRan by 5.7% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after purchasing an additional 20,586 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target to $55 (from $47) and maintained an overweight rating, giving investors a bullish analyst catalyst. Wells Fargo lifts FCX price target
• Positive Sentiment: Stronger copper prices and recent commentary about a sizable monthly rally have pushed upside expectations for Freeport’s earnings and cash flow, supporting the stock’s advance. Copper price coverage and upside case
• Neutral Sentiment: Zacks published pieces highlighting reasons to retain FCX (projected growth from copper expansions and liquidity), which keeps investor interest and volume elevated but notes mixed near‑term risks. Zacks: retain FCX
• Neutral Sentiment: Zacks also flagged FCX as a trending/talked‑about stock — elevated attention can boost short‑term flows but doesn’t change fundamentals immediately. Zacks: trending stock
• Negative Sentiment: Short interest climbed sharply in December — up ~35% to 28.0M shares as of Dec. 15 — increasing downside pressure and signaling more bearish positioning that could amplify volatility. (Short interest ≈2% of shares; short‑interest ratio ~1.7 days.)
• Negative Sentiment: Multiple law firms have filed or are soliciting plaintiffs in securities‑fraud class actions covering Feb. 15, 2022–Sept. 24, 2025. Ongoing litigation risk and associated legal costs can weigh on sentiment and create headline risk. PR Newswire: shareholder lawsuit notice
• Negative Sentiment: Zacks Research trimmed several near‑term EPS forecasts (Q4 and FY estimates moved slightly lower), a modest downgrade that reduces immediate earnings expectations and offsets some optimism from higher commodity prices.

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.