FY2026 Earnings Estimate for FCX Issued By Zacks Research

Freeport-McMoRan Inc. (NYSE:FCX) – Analysts at Zacks Research issued their FY2026 earnings estimates for shares of Freeport-McMoRan in a research note issued to investors on Tuesday, November 10th. Zacks Research analyst Team forecasts that the natural resource company will earn $3.14 per share for the year. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Freeport-McMoRan’s Q4 2026 earnings at $0.95 EPS, Q1 2027 earnings at $0.93 EPS, Q2 2027 earnings at $0.97 EPS, Q3 2027 earnings at $1.04 EPS, Q4 2027 earnings at $0.97 EPS, FY2027 earnings at $3.90 EPS, Q1 2028 earnings at $1.09 EPS, Q2 2028 earnings at $1.10 EPS, Q3 2028 earnings at $1.03 EPS and FY2028 earnings at $4.14 EPS.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 8.2% on a year-over-year basis.

FCX has been the subject of a number of other reports. Erste Group Bank began coverage on Freeport-McMoRan in a report on Thursday, August 27th. They set a “buy” rating for the company. Sanford C. Bernstein cut their target price on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. Stifel Nicolaus upped their price target on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley upped their price target on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Finally, Royal Bank Of Canada raised their price target on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.30.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $62.17 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The firm has a market cap of $89.28 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.38. The stock’s 50-day moving average is $69.04 and its 200-day moving average is $65.29. Freeport-McMoRan has a one year low of $38.85 and a one year high of $80.24.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were given a $0.0750 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 12.61%.

Insider Transactions at Freeport-McMoRan

In related news, Director Lydia H. Kennard sold 3,798 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. This represents a 3.00% 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, EVP Douglas N. Currault II sold 80,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total value of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares of the company’s stock, valued at $16,577,416.96. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jupiter Topco LLC bought a new stake in shares of Freeport-McMoRan during the 2nd quarter worth approximately $739,890,000. Bank of America Corp DE grew its stake in shares of Freeport-McMoRan by 20.0% in the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after buying an additional 7,044,775 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Freeport-McMoRan by 101.2% in the first quarter. Janus Henderson Group PLC now owns 11,498,267 shares of the natural resource company’s stock valued at $675,896,000 after buying an additional 5,784,156 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Freeport-McMoRan by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 5,448,772 shares of the natural resource company’s stock worth $381,414,000 after buying an additional 2,501,881 shares during the last quarter. Finally, State Street Corp increased its holdings in Freeport-McMoRan by 3.6% during the second quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock worth $4,181,268,000 after buying an additional 2,300,416 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

Here’s some of the latest news about FCX:

• Positive Sentiment: Zacks Research raised its forecasts across several upcoming quarters and fiscal years. Notably, it increased its FY2027 EPS estimate to $3.90 from $3.47 and its FY2028 estimate to $4.14 from $3.41. It also lifted its Q4 2026 estimate to $0.95 from $0.58. Higher projected earnings may be encouraging for investors, though these are one firm’s estimates. Freeport-McMoRan estimates
• Neutral Sentiment: Zacks Research’s FY2026 EPS estimate is $3.14, slightly above the cited current-year consensus of $3.03. The articles do not report a company announcement or a change to its business outlook. Freeport-McMoRan estimates

About Freeport-McMoRan

Freeport-McMoRan Inc. is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy. The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile. Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.