Erste Group Bank Has Negative Opinion of FCX FY2027 Earnings

27 Oct 2026, 05:30 by Sarita Garza · The Markets Daily

Freeport-McMoRan Inc. (NYSE:FCX – Free Report) – Equities researchers at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of Freeport-McMoRan in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the natural resource company will earn $4.28 per share for the year, down from their previous estimate of $4.32. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $3.05 per share.

FCX has been the topic of several other research reports. Wells Fargo & Company boosted their price target on Freeport-McMoRan from $70.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. UBS Group lifted their price objective on Freeport-McMoRan from $77.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Freeport-McMoRan from $77.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. BMO Capital Markets boosted their target price on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Finally, Stifel Nicolaus upped their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given 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 $76.27.

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Freeport-McMoRan Trading Up 0.1%

Shares of FCX opened at $65.24 on Monday. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market cap of $93.69 billion, a PE ratio of 32.14, a PEG ratio of 0.58 and a beta of 1.39. Freeport-McMoRan has a 1 year low of $38.54 and a 1 year high of $80.24. The stock has a 50 day simple moving average of $71.87 and a 200-day simple moving average of $65.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SYM FINANCIAL Corp lifted its position in shares of Freeport-McMoRan by 3.7% during the third quarter. SYM FINANCIAL Corp now owns 11,370 shares of the natural resource company’s stock worth $796,000 after purchasing an additional 409 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Freeport-McMoRan by 17.3% during the third quarter. Total Clarity Wealth Management Inc. now owns 7,640 shares of the natural resource company’s stock valued at $535,000 after purchasing an additional 1,126 shares during the last quarter. DMC Group LLC grew its stake in shares of Freeport-McMoRan by 8.8% during the third quarter. DMC Group LLC now owns 6,552 shares of the natural resource company’s stock valued at $459,000 after purchasing an additional 530 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Freeport-McMoRan by 26.7% in the third quarter. Oppenheimer & Co. Inc. now owns 249,770 shares of the natural resource company’s stock valued at $17,484,000 after purchasing an additional 52,562 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of Freeport-McMoRan by 730.2% in the third quarter. Center for Financial Planning Inc. now owns 714 shares of the natural resource company’s stock valued at $50,000 after purchasing an additional 628 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lydia H. Kennard sold 3,798 shares of the stock in a transaction 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 sale, the director owned 122,702 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value 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 approximately $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 110,398 shares of company stock valued at $8,387,271. Company insiders own 0.73% of the company’s stock.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.0750 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 is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 14.78%.

Freeport-McMoRan Company Profile

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Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.