Erste Group Bank Has Negative Outlook of FCX FY2027 Earnings

by · The Markets Daily

Freeport-McMoRan Inc. (NYSE:FCX – Free Report) – Equities researchers at Erste Group Bank cut their FY2027 earnings per share estimates for shares of Freeport-McMoRan in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the natural resource company will earn $4.00 per share for the year, down from their prior estimate of $4.01. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $2.81 per share.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share.

Other research analysts have also recently issued reports about the company. Weiss Ratings raised Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. HSBC increased their price objective on shares of Freeport-McMoRan from $72.00 to $75.00 in a report on Friday, June 12th. Royal Bank Of Canada boosted their target price on shares of Freeport-McMoRan from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Citigroup restated a “positive” rating on shares of Freeport-McMoRan in a research report on Wednesday, July 15th. Finally, Freedom Broker cut shares of Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.75.

View Our Latest Stock Analysis on FCX

Freeport-McMoRan Stock Performance

NYSE:FCX opened at $71.15 on Friday. The stock has a 50-day moving average price of $67.41 and a 200 day moving average price of $64.70. The stock has a market capitalization of $102.18 billion, a P/E ratio of 35.05, a P/E/G ratio of 0.75 and a beta of 1.41. Freeport-McMoRan has a 12-month low of $35.15 and a 12-month high of $80.24. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 14.78%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Director Lydia Kennard sold 3,798 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Ellie Mikes sold 4,773 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 110,398 shares of company stock worth $8,387,271. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Large investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Freeport-McMoRan in the 4th quarter worth about $25,000. NBH Bank bought a new position in shares of Freeport-McMoRan in the 2nd quarter valued at about $28,000. Steph & Co. lifted its holdings in shares of Freeport-McMoRan by 43.7% in the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Freeport-McMoRan in the first quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Freeport-McMoRan in the fourth quarter worth about $29,000. Institutional investors own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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

  • Positive Sentiment: Longer term, Freeport-McMoRan remains positioned to benefit from strong copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Copper supply is also constrained by declining mine output, operational disruptions and smelter bottlenecks. Copper’s Record Rally Highlights a Deeper Supply Problem
  • Positive Sentiment: Recent earnings demonstrated operating leverage: FCX reported quarterly earnings of $0.74 per share versus the $0.62 consensus estimate, while revenue also exceeded expectations. Analysts’ average rating remains Moderate Buy, with some price targets above the current trading level. Freeport-McMoRan earnings report
  • Neutral Sentiment: Investors remain focused on whether the structural copper shortage can outweigh near-term demand weakness. Elevated prices have caused some buyers, particularly in China, to delay purchases, while copper inventories and trade flows remain sensitive to policy developments. Copper miners and oil market article
  • Negative Sentiment: Uncertainty surrounding White House plans for copper tariffs triggered a broad pullback in copper-related equities, reversing part of the metal’s recent record rally. Rising Treasury yields, a stronger dollar and pressure across precious and industrial metals added to the selling. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty

About Freeport-McMoRan

(Get Free Report)

Freeport-McMoRan Inc is a global 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 wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.

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