Q1 EPS Estimate for Freeport-McMoRan Increased by Analyst

Freeport-McMoRan Inc. (NYSE:FCX) – Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Freeport-McMoRan in a research report issued to clients and investors on Wednesday, February 4th. Zacks Research analyst Team now expects that the natural resource company will post earnings per share of $0.44 for the quarter, up from their previous estimate of $0.38. 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 Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.58 EPS, Q1 2027 earnings at $0.63 EPS, Q2 2027 earnings at $0.78 EPS and FY2028 earnings at $2.84 EPS.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS.

FCX has been the subject of several other research reports. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price objective on Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Morgan Stanley set a $70.00 target price on Freeport-McMoRan in a report on Tuesday, January 27th. Finally, BNP Paribas Exane decreased their target price on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $58.40.

Freeport-McMoRan Trading Down 4.4%

NYSE:FCX opened at $61.82 on Thursday. The company has a market capitalization of $88.77 billion, a P/E ratio of 40.94, a P/E/G ratio of 0.75 and a beta of 1.47. The stock’s 50 day moving average price is $53.31 and its 200 day moving average price is $45.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $69.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCX. Brighton Jones LLC raised its position in shares of Freeport-McMoRan by 24.2% during the fourth quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after acquiring an additional 2,882 shares during the last quarter. Bison Wealth LLC increased its position in Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after purchasing an additional 507 shares during the period. Sivia Capital Partners LLC bought a new stake in Freeport-McMoRan during the 2nd quarter worth about $560,000. Ascent Group LLC raised its holdings in Freeport-McMoRan by 5.4% during the 2nd quarter. Ascent Group LLC now owns 10,399 shares of the natural resource company’s stock worth $451,000 after purchasing an additional 533 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in Freeport-McMoRan by 7.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,834 shares of the natural resource company’s stock valued at $426,000 after purchasing an additional 704 shares during the period. Institutional investors own 80.77% of the company’s stock.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value 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. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $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. Insiders own 0.75% of the company’s stock.

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 19.87%.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Zacks Research raised near‑term and multi‑quarter EPS forecasts across the board — lifting Q1/Q2/Q3 2026 and Q1/Q2/Q3 2027 estimates and issuing a FY2028 EPS projection of $2.84. The upgrades (e.g., Q2 2027 to $0.78, Q1 2027 to $0.63) imply stronger expected earnings that can justify higher valuations and support FCX stock. Zacks estimate updates
• Positive Sentiment: An analyst price target bump raised FCX’s target by ~10.45% to $62.23, signaling renewed buy‑side conviction and providing a nearer‑term technical/psychological catalyst. Price target increase
• Positive Sentiment: Coverage highlights that Freeport is benefiting from record copper prices while emphasizing disciplined growth. Higher commodity prices lift revenue and margins for copper-centric producers like FCX, making their capital allocation and growth plans more valuable. Yahoo: Record copper prices article
• Neutral Sentiment: A valuation‑focused piece reviews FCX after recent earnings and copper demand optimism — useful context for investors gauging whether the stock’s rally is supported by fundamentals or already priced in. Valuation check
• Negative Sentiment: A Seeking Alpha commentary argues investors may want to wait for a better entry point, warning valuations and cyclicality could expose downside if metal prices reverse — a reminder of commodity risk. Seeking Alpha cautionary piece

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.