Freeport-McMoran Company Profile (NYSE:FCX)

About Freeport-McMoran

Freeport-McMoran logoFreeport-McMoRan Inc. (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company's segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. It has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. Its portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States. Its Atlantic Copper smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. It has a smelter at its Miami, Arizona, mining operation, and molybdenum conversion facilities in the United States and Europe.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Copper
  • Sub-Industry: Diversified Metals & Mining
  • Exchange: NYSE
  • Symbol: FCX
  • CUSIP: 35671D85
Key Metrics:
  • Previous Close: $14.13
  • 50 Day Moving Average: $15.56
  • 200 Day Moving Average: $12.97
  • 52-Week Range: $6.55 - $17.06
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.98
  • P/E Growth: 0.29
  • Market Cap: $19.77B
  • Outstanding Shares: 1,440,000,000
  • Beta: 2.49
  • Net Margins: -28.09%
  • Return on Equity: 3.52%
  • Return on Assets: 0.75%
  • Debt-to-Equity Ratio: 1.60%
  • Current Ratio: 2.45%
  • Quick Ratio: 1.59%
Additional Links:
Companies Related to Freeport-McMoran:

Analyst Ratings

Consensus Ratings for Freeport-McMoran (NYSE:FCX) (?)
Ratings Breakdown: 4 Sell Ratings, 11 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 1.94)
Consensus Price Target: $12.93 (5.82% downside)

Analysts' Ratings History for Freeport-McMoran (NYSE:FCX)
DateFirmActionRatingPrice TargetDetails
2/21/2017FBR & CoReiterated RatingHoldView Rating Details
2/21/2017Deutsche Bank AGDowngradeHold -> Sell$14.00 -> $12.50View Rating Details
2/21/2017Citigroup Inc.Initiated CoverageNeutral -> Neutral$16.00View Rating Details
2/9/2017J P Morgan Chase & CoInitiated CoverageOverweight -> Neutral$14.00View Rating Details
1/30/2017Barclays PLCReiterated RatingEqual Weight$14.00View Rating Details
1/28/2017RBC Capital MarketsReiterated RatingSector Perform$19.00View Rating Details
1/26/2017Jefferies Group LLCReiterated RatingBuy$19.00View Rating Details
12/29/2016BMO Capital MarketsReiterated RatingHold$15.00View Rating Details
12/7/2016Cowen and CompanyReiterated RatingOutperform$15.00 -> $20.00View Rating Details
11/30/2016Berenberg BankDowngradeHold -> Sell$10.90View Rating Details
10/17/2016Bank of America CorpInitiated CoverageUnderperform$8.00View Rating Details
9/14/2016MacquarieLower Price TargetNeutral$13.00 -> $10.00View Rating Details
9/14/2016Morgan StanleyDowngradeEqual Weight -> Underweight$9.00 -> $7.00View Rating Details
7/7/2016HSBC Holdings plcReiterated RatingBuyView Rating Details
5/19/2016Goldman Sachs Group, Inc. (The)Initiated CoverageNeutral$12.00View Rating Details
4/25/2016Royal Bank Of CanadaLower Price TargetSector Perform$12.00 -> $6.50View Rating Details
4/8/2016NomuraBoost Price Target$7.00 -> $10.00View Rating Details
3/1/2016ScotiabankDowngradeOutperform -> Sector PerformView Rating Details
2/3/2016ArgusDowngradeBuy -> HoldView Rating Details
9/11/2015GabelliInitiated CoverageBuy$20.25View Rating Details
9/1/2015S&P Equity ResearchUpgradeHold$10.00 -> $12.00View Rating Details
4/24/2015Clarkson CapitalDowngradeBuy -> HoldView Rating Details
3/24/2015Brean CapitalSet Price TargetHold$19.00View Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Freeport-McMoran (NYSE:FCX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2017Q416$0.33$0.25$4.34 billion$4.38 billionViewN/AView Earnings Details
10/25/2016Q316$0.19$0.13$3.95 billion$3.88 billionViewListenView Earnings Details
7/26/2016Q216($0.01)($0.02)$3.70 billion$3.33 billionViewListenView Earnings Details
4/26/2016Q116($0.17)($0.16)$3.52 billion$3.53 billionViewListenView Earnings Details
1/26/2016Q415($0.17)($0.02)$3.89 billion$3.80 billionViewListenView Earnings Details
10/22/2015Q315($0.08)($0.15)$3.96 billion$3.68 billionViewListenView Earnings Details
7/23/2015Q215$0.07$0.14$4.30 billion$4.25 billionViewListenView Earnings Details
4/23/2015Q115($0.07)($0.06)$4.06 billion$4.15 billionViewN/AView Earnings Details
1/27/2015Q414$0.35$0.25$4.93 billion$5.24 billionViewN/AView Earnings Details
10/28/2014Q314$0.61$0.64$5.65 billion$5.70 billionViewListenView Earnings Details
7/23/2014Q214$0.49$0.46$5.24 billion$5.52 billionViewN/AView Earnings Details
4/24/2014Q114$0.43$0.49$5.01 billion$4.99 billionViewListenView Earnings Details
1/22/2014Q413$0.81$0.84$6.39 billion$5.90 billionViewListenView Earnings Details
10/22/2013Q313$0.62$0.79$5.68 billion$6.17 billionViewListenView Earnings Details
7/23/2013Q2 2013$0.41$0.49$4.28 billion$4.29 billionViewN/AView Earnings Details
4/18/2013Q1 2013$0.81$0.68$4.76 billion$4.58 billionViewListenView Earnings Details
1/22/2013Q4 2012$0.72$0.74$4.48 billion$4.51 billionViewListenView Earnings Details
10/22/2012$0.73$0.86ViewN/AView Earnings Details
7/19/2012$0.79$0.74ViewN/AView Earnings Details
4/19/2012$0.85$0.80ViewN/AView Earnings Details
1/19/2012$0.65$0.67ViewN/AView Earnings Details
10/19/2011$1.07$1.10ViewN/AView Earnings Details
7/21/2011$1.36$1.43ViewN/AView Earnings Details
4/20/2011$1.29$1.57ViewN/AView Earnings Details
1/20/2011$3.01$3.25ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Freeport-McMoran (NYSE:FCX)
Current Year EPS Consensus Estimate: $1.14 EPS
Next Year EPS Consensus Estimate: $1.25 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169($0.28)$0.23($0.07)
Q2 20165($0.16)$0.06($0.01)
Q3 20164$0.13$0.31$0.22
Q4 20164$0.21$0.53$0.38
Q1 20173$0.24$0.46$0.33
Q2 20173$0.26$0.40$0.31
Q3 20173$0.26$0.29$0.27
Q4 20173$0.17$0.39$0.28
Q1 20182$0.22$0.23$0.23
Q2 20181$0.21$0.21$0.21
Q3 20181$0.21$0.21$0.21
Q4 20181$0.21$0.21$0.21
(Data provided by Zacks Investment Research)


Current Dividend Information for Freeport-McMoran (NYSE:FCX)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for Freeport-McMoran (NYSE:FCX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Freeport-McMoran (NYSE:FCX)
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 66.80%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/16/2017C Donald Whitmire JrVPSell2,525$15.22$38,430.50View SEC Filing  
2/16/2017Harry M Iv CongerCOOSell77,500$15.24$1,181,100.00View SEC Filing  
2/9/2017C Donald Whitmire JrVPSell57,620$15.42$888,500.40View SEC Filing  
2/1/2017Jon C/ MadonnaDirectorSell14,000$16.61$232,540.00View SEC Filing  
10/27/2016Courtney MatherDirectorBuy150,000$10.72$1,608,000.00View SEC Filing  
9/4/2015James C FloresVice ChairmanBuy2,200,000$9.70$21,340,000.00View SEC Filing  
8/28/2015James R MoffettChairmanBuy100,000$10.57$1,057,000.00View SEC Filing  
8/18/2015Gerald J FordDirectorBuy1,000,000$9.94$9,940,000.00View SEC Filing  
6/3/2015James C FloresVice ChairmanBuy60,000$20.52$1,231,200.00View SEC Filing  
12/12/2014Michael J ArnoldCAOBuy50,000$22.15$1,107,500.00View SEC Filing  
12/11/2014James C FloresChairmanBuy500,000$23.60$11,800,000.00View SEC Filing  
5/28/2014Robert DayDirectorSell186,000$33.77$6,281,220.00View SEC Filing  
5/7/2014H Devon Graham, Jr.DirectorSell1,890$34.06$64,373.40View SEC Filing  
11/7/2013J Bennett JohnstonDirectorBuy20,000$36.72$734,400.00View SEC Filing  
11/4/2013J Bennett JohnstonDirectorBuy18,900$37.13$701,757.00View SEC Filing  
10/25/2013James C FloresChairmanBuy1,500,000$37.45$56,175,000.00View SEC Filing  
8/2/2013Gerald FordDirectorBuy1,000,000$29.18$29,180,000.00View SEC Filing  
8/1/2013Bobby Lee LackeyDirectorBuy1,800$29.09$52,362.00View SEC Filing  
7/30/2013James R MoffettChairmanBuy1,000,000$28.53$28,530,000.00View SEC Filing  
7/26/2013J Taylor WhartonDirectorSell9,416$28.61$269,391.76View SEC Filing  
7/26/2013James C FloresChairmanBuy517,350$28.65$14,822,077.50View SEC Filing  
6/3/2013James C FloresChairmanBuy1,100,000$31.17$34,287,000.00View SEC Filing  
3/1/2013J Bennett JohnstonDirectorBuy16,000$31.48$503,680.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Freeport-McMoran (NYSE:FCX)
DateHeadline logo'Buy the Dip' On These 6 Stocks? (NYSE:FCX) - February 22 at 5:27 PM
News IconCopper Pulls Back Ahead of Fed Minutes (NYSE:FCX) - February 22 at 5:27 PM logoAnalyst Downgrades – Freeport-McMoran (NYSE:FCX) Stock Gets Downgraded By Deutsche Bank AG from Hold to Sell (NYSE:FCX) - February 22 at 5:27 PM logoFreeport-McMoRan Stock Downgraded: What You Need to Know (NYSE:FCX) - February 22 at 5:27 PM logoUS STOCKS-Wall St hits record high as retail earnings boost optimism (NYSE:FCX) - February 22 at 5:27 PM logoThe Biggest Loser: Freeport-McMoRan Drops 5.2% (NYSE:FCX) - February 22 at 5:27 PM logoCongo Miner Said to Get $100 Million to Clear China Moly Buy (NYSE:FCX) - February 22 at 5:27 PM
News IconToday Analysts Focus on Freeport-McMoRan (FCX), Verizon Communications (VZ) - StockNewsJournal (NYSE:FCX) - February 22 at 9:31 AM
News IconDeutsche Bank Just Issued ” Sell” Rating on Freeport-McMoRan Inc (FCX) - Money Flow Index & Trends (NYSE:FCX) - February 22 at 9:31 AM
News IconTechnicals in Focus for Freeport-McMoRan Inc. (FCX) - The USA Commerce (NYSE:FCX) - February 22 at 9:31 AM logoFreeport-McMoRan Inc. Is Too Dangerous Right Now - (NYSE:FCX) - February 22 at 9:31 AM logoThis stock is up 100% in one year, but may still be cheap (NYSE:FCX) - February 22 at 9:31 AM
News IconFreeport-McMoRan Considers Arbitration on Contract Dispute With Indonesia Government -- Update (NYSE:FCX) - February 20 at 4:46 PM logoAssessment on Freeport McMoRan (NYSE:FCX) - February 20 at 4:46 PM logoFreeport-McMoRan row with Indonesia threatens global cooper supply (NYSE:FCX) - February 20 at 11:15 AM
News IconMine Disputes Boost Copper (NYSE:FCX) - February 20 at 11:15 AM logoFreeport McMoRan : FCX Updates Status of PT Freeport Indonesia Operations (NYSE:FCX) - February 20 at 11:15 AM logoFreeport Indonesia has notified mining ministry of govt violations of contract -statement (NYSE:FCX) - February 20 at 11:15 AM logoFreeport CEO says Indonesian unit has begun laying off workers (NYSE:FCX) - February 20 at 11:15 AM logoIndonesia mining minister says govt also has right to bring Freeport to arbitration (NYSE:FCX) - February 20 at 11:15 AM logoFreeport-McMoRan Updates Status of PT Freeport Indonesia Operations (NYSE:FCX) - February 20 at 11:15 AM logoIndonesia mining minister says government also has right to bring Freeport to arbitration (NYSE:FCX) - February 20 at 11:15 AM
News IconAnalysts Are Sizing Up Freeport-McMoran, Inc. (NYSE:FCX): Where Does the Sell-Side See It Going? - Winfield Review (NYSE:FCX) - February 19 at 10:48 AM
News IconIndonesia Approves Export Licenses for Two Copper Mines -- Update (NYSE:FCX) - February 18 at 4:48 PM logoFreeport declares force majeure on Grasberg contracts -Metal Bulletin (NYSE:FCX) - February 18 at 4:48 PM logoFreeport declares force majeure on Indonesia mine -spokesman (NYSE:FCX) - February 18 at 4:48 PM logoBetter Buy: Freeport-McMoRan Inc. vs. Barrick Gold - Motley Fool (NYSE:FCX) - February 18 at 10:58 AM logoFreeport Indonesia CEO resigns after force majeure on copper exports (NYSE:FCX) - February 18 at 10:58 AM logoThis Mine Has $108 Billion in Gold and Copper, and You’ve Probably Never Heard of It (NYSE:FCX) - February 18 at 10:58 AM
News IconAre Analysts Optimistic About Where Freeport-McMoran, Inc. (NYSE:FCX) is Heading? - Winfield Review (NYSE:FCX) - February 17 at 3:44 PM
News IconAdvanced Micro Devices, Inc. (AMD), Freeport-McMoRan Inc. (FCX) Stock Eyes Ahead of Earnings - The USA Commerce (NYSE:FCX) - February 17 at 3:44 PM logoFreeport-McMoRan Is Looking Healthier - Seeking Alpha (NYSE:FCX) - February 17 at 3:44 PM logoFreeport declares force majeure at Indonesia copper mine (NYSE:FCX) - February 17 at 3:44 PM logoIndonesian ministry backs Freeport's copper concentrate exports (NYSE:FCX) - February 17 at 8:55 AM logoIndonesia gives Freeport green light to resume copper exports (NYSE:FCX) - February 17 at 8:55 AM
News IconThe BlackRock Advisors LLC Raises Position in Freeport-McMoran, Inc. (FCX) (NYSE:FCX) - February 16 at 10:18 PM
News IconFreeport-McMoRan's Grasberg Issues: Impact on 2017 Earnings (NYSE:FCX) - February 16 at 5:07 PM logoFreeport McMoRan : Updates Status of PT Freeport Indonesia Operations (NYSE:FCX) - February 16 at 5:07 PM
News IconThe Way Wall Street Experts See Freeport-McMoRan Inc. (FCX) (NYSE:FCX) - February 16 at 5:07 PM
News IconCopper Pulls Back From Recent Highs (NYSE:FCX) - February 16 at 5:07 PM logoStocks that could pop and ones that could flop; Asian, European markets up as U.S. stocks look for new records (NYSE:FCX) - February 16 at 5:07 PM logoFreeport-McMoRan’s Indonesian Export Permit: What You Should Know (NYSE:FCX) - February 16 at 5:07 PM logoCopper Rises as Work Stops at Freeport, BHP Mines (NYSE:FCX) - February 16 at 5:07 PM logoFreeport Indonesia mine operations "stopped completely" -union chief (NYSE:FCX) - February 16 at 5:07 PM logoFreeport Indonesia mine grinds to complete halt -union (NYSE:FCX) - February 16 at 5:07 PM logoFreeport-McMoRan’s Management: Its Litmus Test for 2017 (NYSE:FCX) - February 16 at 5:07 PM logoCrisis, what crisis? Asia copper buyers shrug off major mine strikes (NYSE:FCX) - February 15 at 4:13 AM
News IconIcahn raises stakes in Herbalife, Hertz, cuts Freepоrt-McMоran in fоurth quarter (NYSE:FCX) - February 14 at 11:11 PM
News IconLarge Outflow of Money Witnessed in Freeport-McMoran, Inc (NYSE:FCX) - February 14 at 11:11 PM logo[$$] Copper Continues to Rise as Supply Issues Spread (NYSE:FCX) - February 14 at 11:11 PM


What is Freeport-McMoran's stock symbol?

Freeport-McMoran trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCX."

Where is Freeport-McMoran's stock going? Where will Freeport-McMoran's stock price be in 2017?

18 brokers have issued 1-year price objectives for Freeport-McMoran's shares. Their forecasts range from $6.50 to $20.00. On average, they expect Freeport-McMoran's stock price to reach $12.93 in the next twelve months.

When will Freeport-McMoran announce their earnings?

Freeport-McMoran is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

What are analysts saying about Freeport-McMoran stock?

Here are some recent quotes from research analysts about Freeport-McMoran stock:

  • FBR & Co analysts commented, "On February 17, Abeona provided an update on its ongoing Phase I/II gene therapy trial with ABO-102 in children with Sanfilippo Syndrome Type A (MPS IIIA), which was presented at the 13th WORLDSymposium, an annual research meeting and forum of the latest advances in lysosomes and lysosomal storage diseases. We view the six-month results as positive as low-dose ABO-102 therapy is achieving several important objectives: continued reduction of GAG in the cerebrospinal fluid (CSF), further reductions in liver and spleen volume, all of which are symptoms that arise in MPS IIIA, and positive signals in cognitive stabilization. Albeit data was only from two subjects, the 63% reduction in GAGs in the CSF was particularly notable as this is a key measure of reduction in storage pathology in the central nervous system (CNS). We look for news flow from the ABO-102 high-dose cohort, as well as Abeona’s three other ongoing rare disease clinical programs in the next three to six months to be positive catalysts for ABEO stock." (2/21/2017)

  • According to Zacks Investment Research, "Freeport swung to a profit in fourth-quarter 2016, aided by its cost-saving actions. However, adjusted earnings missed the Zacks Consensus Estimate. Revenues rose by double digits on higher copper and gold sales, and beat expectations. Freeport has outperformed the Zacks categorized Mining-Non Ferrous industry in the past three months. The company is taking actions to manage costs and capital spending amid a still challenging operating environment. Freeport also remains focused on de-leveraging its balance sheet, partly through assets sale. It is also conducting exploration activities near its existing mines with a focus on opportunities to expand reserves that will support the development of additional future production capacity. However, Freeport’s copper business remains affected by supply-related issues and slowdown in China (a major market). Moreover, the company faces uncertainties surrounding the Grasberg mine." (1/30/2017)

  • Barclays PLC analysts commented, "Hold FCX shares for now. We think that the market has bid up the stock to fair value in anticipation of a relatively quick resolution of the political overhang at Grasberg - and a view that any lingering production disruption will end up as a net positive, with FCX gaining more from a tighter copper market than it loses from a near-or-medium term reduction in output. Remember FCX is effectively a pure-play copper mining stock at this point, and at spot $2.65/lb as of this writing copper has outrun our 1Q17 /FY17 global forecasts of $2.40/lb and $2.48/lb, respectively." (1/30/2017)

Who owns Freeport-McMoran stock?

Freeport-McMoran's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.32%), FMR LLC (1.44%), Dimensional Fund Advisors LP (0.98%), Franklin Resources Inc. (0.72%), Letko Brosseau & Associates Inc. (0.60%) and Gamco Investors INC. ET AL (0.33%). Company insiders that own Freeport-McMoran stock include C Donald Whitmire Jr, Courtney Mather, Gerald J Ford, Harry M Iv Conger, James C Flores, James R Moffett and Jon C/ Madonna.

Who sold Freeport-McMoran stock? Who is selling Freeport-McMoran stock?

Freeport-McMoran's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Dimensional Fund Advisors LP, Guggenheim Capital LLC, Systematic Financial Management LP, ING Groep NV, Letko Brosseau & Associates Inc., Janus Capital Management LLC and Thrivent Financial for Lutherans. Company insiders that have sold Freeport-McMoran stock in the last year include C Donald Whitmire Jr, Harry M Iv Conger and Jon C/ Madonna.

Who bought Freeport-McMoran stock? Who is buying Freeport-McMoran stock?

Freeport-McMoran's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, TCW Group Inc., State Street Corp, Asset Management One Co. Ltd., Fiera Capital Corp, Main Street Research LLC, Investec Asset Management LTD and Arrowpoint Asset Management LLC. Company insiders that have bought Freeport-McMoran stock in the last two years include Courtney Mather, Gerald J Ford, James C Flores and James R Moffett.

How do I buy Freeport-McMoran stock?

Shares of Freeport-McMoran can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Freeport-McMoran stock cost?

One share of Freeport-McMoran stock can currently be purchased for approximately $13.73.

Freeport-McMoran (NYSE:FCX) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Freeport-McMoran (NYSE:FCX)

Earnings History Chart

Earnings by Quarter for Freeport-McMoran (NYSE:FCX)

Dividend History Chart

Dividend Payments by Quarter for Freeport-McMoran (NYSE:FCX)

Last Updated on 2/23/2017 by Staff