FY2026 Earnings Forecast for FCX Issued By Erste Group Bank

Freeport-McMoRan Inc. (NYSE:FCX) – Stock analysts at Erste Group Bank boosted their FY2026 earnings estimates for Freeport-McMoRan in a research report issued to clients and investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the natural resource company will post earnings of $3.10 per share for the year, up from their previous estimate of $3.05. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $2.87 per share.

FCX has been the topic of several other reports. Royal Bank Of Canada increased their target price on Freeport-McMoRan from $73.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Sanford C. Bernstein dropped their price objective on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. BMO Capital Markets boosted their target price on Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 29th. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.22.

Freeport-McMoRan Price Performance

Shares of FCX opened at $73.37 on Tuesday. Freeport-McMoRan has a twelve month low of $38.54 and a twelve month high of $80.24. The company has a market capitalization of $105.36 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.39. The firm has a 50 day moving average of $71.98 and a 200 day moving average of $66.30. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan’s payout ratio is currently 14.78%.

Insider Transactions at Freeport-McMoRan

In other news, CAO Stephen Higgins sold 14,277 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the sale, the chief accounting officer owned 54,618 shares of the company’s stock, valued at $3,795,951. This represents a 20.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lydia 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 owned 122,702 shares in the company, valued at $9,706,955.22. This trade represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 110,398 shares of company stock valued at $8,387,271. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FCX. NorthCrest Asset Manangement LLC lifted its holdings in shares of Freeport-McMoRan by 0.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 371,338 shares of the natural resource company’s stock valued at $26,417,000 after acquiring an additional 1,800 shares during the last quarter. Oak Grove Capital LLC increased its stake in Freeport-McMoRan by 492.3% during the third quarter. Oak Grove Capital LLC now owns 149,001 shares of the natural resource company’s stock worth $10,430,000 after acquiring an additional 123,843 shares during the last quarter. Argus Investors Counsel Inc. purchased a new stake in Freeport-McMoRan during the third quarter valued at approximately $259,000. Mirador Capital Partners LP raised its position in Freeport-McMoRan by 3.7% during the third quarter. Mirador Capital Partners LP now owns 135,338 shares of the natural resource company’s stock valued at $9,474,000 after purchasing an additional 4,770 shares during the period. Finally, Biltmore Wealth Management LLC purchased a new stake in Freeport-McMoRan during the third quarter valued at approximately $212,000. 80.77% of the stock is currently owned by institutional investors.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America and Indonesia.