Freeport-McMoRan (FCX) Dips More Than Broader Market: What You Should Know

In the latest close session, Freeport-McMoRan (FCX) was down 1.8% at £46.36. The stock's performance was behind the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%.

The mining company's shares have seen an increase of 14.64% over the last month, surpassing the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 4.07%.

The investment community will be paying close attention to the earnings performance of Freeport-McMoRan in its upcoming release.

The company is slated to reveal its earnings on July 23, 2025. The company is forecasted to report an EPS of £0.46, showcasing no movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of £7.02 billion, reflecting a 6.03% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of £1.67 per share and a revenue of £27.78 billion, representing changes of +12.84% and +9.13%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Freeport-McMoRan.

Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988.

Over the past month, the Zacks Consensus EPS estimate has shifted 1.69% upward. Freeport-McMoRan is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Freeport-McMoRan is holding a Forward P/E ratio of 28.2. This represents a premium compared to its industry average Forward P/E of 22.4.

Meanwhile, FCX's PEG ratio is currently 0.92.

The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate.

As the market closed yesterday, the Mining - Non Ferrous industry was having an average PEG ratio of 0.89.

The Mining - Non Ferrous industry is part of the Basic Materials sector.

With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.