FY2026 Earnings Estimate for FCX Issued By Zacks Research

Freeport-McMoRan Inc. (NYSE:FCX) – Research analysts at Zacks Research issued their FY2026 earnings estimates for shares of Freeport-McMoRan in a note issued to investors on Tuesday, November 10th. Zacks Research analyst Team forecasts that the natural resource company will post earnings of $3.14 per share for the year. The consensus estimate for Freeport-McMoRan’s current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Freeport-McMoRan’s Q4 2026 earnings at $0.95 EPS, Q1 2027 earnings at $0.93 EPS, Q2 2027 earnings at $0.97 EPS, Q3 2027 earnings at $1.04 EPS, Q4 2027 earnings at $0.97 EPS, FY2027 earnings at $3.90 EPS, Q1 2028 earnings at $1.09 EPS, Q2 2028 earnings at $1.10 EPS, Q3 2028 earnings at $1.03 EPS and FY2028 earnings at $4.14 EPS.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

A number of other research firms also recently commented on FCX. The Goldman Sachs Group reiterated a “buy” rating on shares of Freeport-McMoRan in a report on Thursday, September 10th. Royal Bank Of Canada raised their target price on Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Erste Group Bank initiated coverage on Freeport-McMoRan in a research report on Thursday, August 27th. They set a “buy” rating for the company. Stifel Nicolaus upped their price target on Freeport-McMoRan from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein lowered their price target on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. One investment 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. Based on data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average price target of $75.30.

Freeport-McMoRan Stock Up 3.1%

NYSE:FCX opened at $62.17 on Thursday. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. Freeport-McMoRan has a 12-month low of $38.85 and a 12-month high of $80.24. The stock’s fifty day simple moving average is $69.04 and its 200-day simple moving average is $65.29. The firm has a market capitalization of $89.28 billion, a P/E ratio of 26.12, a P/E/G ratio of 0.56 and a beta of 1.38.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were given a $0.0750 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 12.61%.

Insiders Place Their Bets

In related news, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the sale, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction 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 directly owned 122,702 shares in the company, valued at $9,706,955.22. The trade was a 3.00% decrease in their position. The SEC filing for this sale provides additional information. 0.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBH Bank bought a new position in shares of Freeport-McMoRan during the 2nd quarter valued at about $28,000. REAP Financial Group LLC acquired a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $32,000. Cassaday & Co Wealth Management LLC acquired a new stake in Freeport-McMoRan during the 1st quarter worth approximately $29,000. Joseph Group Capital Management raised its holdings in Freeport-McMoRan by 68.2% during the 3rd quarter. Joseph Group Capital Management now owns 587 shares of the natural resource company’s stock worth $41,000 after buying an additional 238 shares during the period. Finally, Roxbury Financial LLC raised its holdings in Freeport-McMoRan by 196.5% during the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company’s stock worth $37,000 after buying an additional 393 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

Recent Freeport-McMoRan Headlines

Investors following FCX have been watching these headlines:

• Positive Sentiment: Zacks Research raised its forecasts across several upcoming quarters and fiscal years. Notably, it increased its FY2027 EPS estimate to $3.90 from $3.47 and its FY2028 estimate to $4.14 from $3.41. It also lifted its Q4 2026 estimate to $0.95 from $0.58. Higher projected earnings may be encouraging for investors, though these are one firm’s estimates. Freeport-McMoRan estimates
• Neutral Sentiment: Zacks Research’s FY2026 EPS estimate is $3.14, slightly above the cited current-year consensus of $3.03. The articles do not report a company announcement or a change to its business outlook. Freeport-McMoRan estimates

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc. is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy. The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile. Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.