Freeport-McMoRan (FCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Freeport-McMoRan (FCX) ended the recent trading session at $45.13, demonstrating a -1.46% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 0.92%. The mining company's shares have seen an increase of 10.41% over the last month, surpassing the Basic Materials sector's gain of 4.52% and the S&P 500's gain of 5.22%.The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. The company's earnings report is expected on July 23, 2025. In that report, analysts expect Freeport-McMoRan to post earnings of $0.44 per share. This would mark a year-over-year decline of 4.35%. Simultaneously, our latest consensus estimate expects the revenue to be $6.86 billion, showing a 3.5% escalation compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.71 per share and a revenue of $27 billion, signifying shifts of +15.54% and +6.06%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for Freeport-McMoRan. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 4.08% rise in the Zacks Consensus EPS estimate. Freeport-McMoRan is currently a Zacks Rank #3 (Hold). Investors should also note Freeport-McMoRan's current valuation metrics, including its Forward P/E ratio of 26.73. This signifies a premium in comparison to the average Forward P/E of 23.25 for its industry. We can also see that FCX currently has a PEG ratio of 0.87. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Non Ferrous industry had an average PEG ratio of 0.89 as trading concluded yesterday. The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 28% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Should You Invest in Freeport-McMoRan Inc. (FCX)?Before you invest in Freeport-McMoRan Inc. (FCX), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Freeport-McMoRan Inc. (FCX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks