What is Zacks Research’s Estimate for FCX FY2026 Earnings?

Freeport-McMoRan Inc. (NYSE:FCX) – Stock analysts at Zacks Research lifted their FY2026 EPS estimates for Freeport-McMoRan in a report released on Wednesday, February 4th. Zacks Research analyst Team now expects that the natural resource company will post earnings per share of $1.94 for the year, up from their previous forecast of $1.74. 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 Q4 2026 earnings at $0.45 EPS, Q4 2027 earnings at $0.65 EPS and FY2027 earnings at $2.71 EPS.

Several other brokerages also recently commented on FCX. BMO Capital Markets raised their target price on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Wells Fargo & Company lifted their target price on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Citigroup increased their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, CICC Research increased their target price on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $58.40.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $59.29 on Friday. The firm has a market capitalization of $85.14 billion, a P/E ratio of 39.27, a PEG ratio of 0.72 and a beta of 1.47. Freeport-McMoRan has a one year low of $27.66 and a one year high of $69.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The business has a fifty day moving average price of $53.65 and a 200-day moving average price of $46.06.

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

Hedge Funds Weigh In On Freeport-McMoRan

A number of hedge funds have recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of Freeport-McMoRan in the third quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Freeport-McMoRan in the second quarter worth $28,000. Salomon & Ludwin LLC lifted its holdings in shares of Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 687 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Freeport-McMoRan during the fourth quarter valued at $38,000. Finally, JPL Wealth Management LLC bought a new stake in Freeport-McMoRan in the 3rd quarter worth about $33,000. Institutional investors own 80.77% of the company’s stock.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the 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 completion of the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% 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.

Freeport-McMoRan Cuts Dividend

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

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple quarters and for FY2028, lifting Q1–Q3 and Q1–Q2 ’27 EPS forecasts (e.g., Q1 2027 to $0.63, Q2 2027 to $0.78) — a fundamental upgrade that supports higher future earnings expectations. Read More.
• Positive Sentiment: An analyst price target was increased about 10.45% (to $62.23), signaling some sell-side confidence in near-term upside. Read More.
• Positive Sentiment: News coverage highlights Freeport benefiting from record copper prices and a focus on disciplined growth — a supportive commodity backdrop for revenues and cash flow. Read More.
• Neutral Sentiment: Valuation articles are reviewing FCX after the rally — these pieces raise awareness of higher multiples and make the stock’s risk/reward more debated among investors. That increases sensitivity to any near-term earnings or copper-price swings. Read More.
• Negative Sentiment: Analyst/commentary pieces urging caution (e.g., “waiting for a better entry point”) reflect a portion of the market taking profits or avoiding exposure at current levels, which can pressure the share price despite positive fundamentals. Read More.

About Freeport-McMoRan

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.