Freeport-McMoRan Company Profile (NYSE:FCX)

About Freeport-McMoRan (FCX)

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: $12.57
  • 50 Day Moving Average: $14.03
  • 200 Day Moving Average: $13.18
  • 52-Week Range: $8.76 - $17.06
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 9.53
  • P/E Growth: 0.22
  • Market Cap: $18.59B
  • Outstanding Shares: 1,445,380,000
  • 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%

Analyst Ratings

Consensus Ratings for Freeport-McMoRan (NYSE:FCX) (?)
Ratings Breakdown: 2 Sell Ratings, 10 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.07)
Consensus Price Target: $13.53 (5.24% upside)

Analysts' Ratings History for Freeport-McMoRan (NYSE:FCX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/22/2017Berenberg BankUpgradeSell -> Hold$12.00MediumView Rating Details
3/21/2017Deutsche Bank AGUpgradeSell -> Hold$12.50 -> $14.00HighView Rating Details
2/21/2017FBR & CoReiterated RatingHoldN/AView Rating Details
2/21/2017Citigroup IncInitiated CoverageNeutral -> Neutral$16.00N/AView Rating Details
2/9/2017JPMorgan Chase & Co.Initiated CoverageOverweight -> Neutral$14.00N/AView Rating Details
1/30/2017Barclays PLCReiterated RatingEqual Weight$14.00N/AView Rating Details
1/28/2017Royal Bank of CanadaReiterated RatingSector Perform$19.00N/AView Rating Details
1/26/2017Jefferies Group LLCReiterated RatingBuy$19.00N/AView Rating Details
12/29/2016BMO Capital MarketsReiterated RatingHold$15.00N/AView Rating Details
12/7/2016Cowen and CompanyReiterated RatingOutperform$15.00 -> $20.00N/AView Rating Details
10/17/2016Bank of America CorpInitiated CoverageUnderperform$8.00N/AView Rating Details
9/14/2016MacquarieLower Price TargetNeutral$13.00 -> $10.00N/AView Rating Details
9/14/2016Morgan StanleyDowngradeEqual Weight -> Underweight$9.00 -> $7.00N/AView Rating Details
7/7/2016HSBC Holdings plcReiterated RatingBuyN/AView Rating Details
5/19/2016Goldman Sachs Group IncInitiated CoverageNeutral$12.00N/AView Rating Details
4/8/2016NomuraBoost Price Target$7.00 -> $10.00N/AView Rating Details
3/1/2016ScotiabankDowngradeOutperform -> Sector PerformN/AView Rating Details
2/3/2016ArgusDowngradeBuy -> HoldN/AView Rating Details
9/11/2015GabelliInitiated CoverageBuy$20.25N/AView Rating Details
9/1/2015S&P Equity ResearchUpgradeHold$10.00 -> $12.00N/AView Rating Details
4/24/2015Clarkson CapitalDowngradeBuy -> HoldN/AView Rating Details
3/24/2015Brean CapitalSet Price TargetHold$19.00N/AView Rating Details
(Data available from 3/23/2015 forward)


Earnings History for Freeport-McMoRan (NYSE:FCX)
Earnings by Quarter for Freeport-McMoRan (NYSE:FCX)
Earnings History by Quarter 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: $1.00 EPS
Next Year EPS Consensus Estimate: $1.35 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)
Most Recent Dividend:11/2/2015
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Freeport-McMoRan (NYSE:FCX)

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

Insider Trades

Insider Trading and Institutional Ownership History for Freeport-McMoRan (NYSE:FCX)
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 66.80%
Insider Trades by Quarter for Freeport-McMoRan (NYSE:FCX)
Institutional Ownership by Quarter for Freeport-McMoRan (NYSE:FCX)
Insider Trades by Quarter for Freeport-McMoRan (NYSE:FCX)
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)


Headline Trends for Freeport-McMoRan (NYSE:FCX)
Latest Headlines for Freeport-McMoRan (NYSE:FCX)
DateHeadline logoIndonesia Wants Control of Freeport's Grasberg Within Two Years (NYSE:FCX) - March 22 at 10:20 PM
News IconFreeport-McMoRan Inc (FCX) Upgraded at Berenberg Bank (NYSE:FCX) - March 22 at 6:36 PM logoFreeport-McMoRan upgraded by Berenberg (NYSE:FCX) - March 22 at 5:20 PM logoThis World-Leading Copper Supplier Just Came Back Online (NYSE:FCX) - March 22 at 5:20 PM logoDeutsche Bank Upgrades Freeport-McMoRan (NYSE:FCX) - March 21 at 10:22 PM logoFreeport: Buy It, Don't Wait - Seeking Alpha (NYSE:FCX) - March 21 at 5:22 PM logoFreeport-McMoRan: Things Remain Tough In Indonesia - Seeking Alpha (NYSE:FCX) - March 21 at 5:22 PM
News IconFreeport-McMoRan Inc (FCX) Upgraded to Hold at Deutsche Bank AG (NYSE:FCX) - March 21 at 10:58 AM logoUnion at Peru mine Cerro Verde says it to restart strike Friday (NYSE:FCX) - March 21 at 8:38 AM logoFreeport Indonesia resumes copper concentrate production (NYSE:FCX) - March 21 at 8:38 AM logo[$$] Copper Falls as Supply Concerns Diminish (NYSE:FCX) - March 21 at 8:38 AM logo[$$] Freeport Put $12 Billion Into a Giant Mine; Now Indonesia Is Squeezing It Out (NYSE:FCX) - March 20 at 7:30 PM logoPRESS DIGEST - Wall Street Journal - March 20 (NYSE:FCX) - March 20 at 7:30 PM logoIs There More Upside for Freeport-McMoRan? (NYSE:FCX) - March 20 at 7:30 PM logo[$$] Freeport's Dispute With Indonesia Hits Output From Giant Copper Mine (NYSE:FCX) - March 18 at 10:29 AM logoFreeport-McMoRan - Watch This Chart Now More Than Ever (NYSE:FCX) - March 16 at 6:31 PM logoFreeport or Glencore: Which Company Looks Set for 2017? (NYSE:FCX) - March 16 at 6:31 PM logoHere's How Carl Icahn's Portfolio Is Changing (NYSE:FCX) - March 15 at 5:32 PM logoCerro Verde strike may end next week if Peru rules against it (NYSE:FCX) - March 15 at 7:54 AM logoFreeport-McMoran Copper & Gold Stock Getting Very Oversold (NYSE:FCX) - March 14 at 12:41 PM logoMaterials Sector Supported the Markets on March 13 (NYSE:FCX) - March 14 at 12:41 PM logoAlcoa Can Gain 25% But There's One Big If (NYSE:FCX) - March 14 at 12:41 PM logoFreeport-McMoRan Stock Gaining as Copper Prices Rise (NYSE:FCX) - March 13 at 5:13 PM logoStrike at Peru's top copper mine continues, output at 50 pct -union (NYSE:FCX) - March 13 at 5:13 PM logoStrike at Peru's top copper mine in 4th day, output at 50 pct -union (NYSE:FCX) - March 13 at 5:13 PM logoU.S. VP Pence to tour Asia next month amid security crises (NYSE:FCX) - March 13 at 11:47 AM logo[$$] Metals: Weaker Dollar and Mine Strikes Lift Copper (NYSE:FCX) - March 13 at 11:47 AM logoStrike halts output at top Peru copper mine Cerro Verde: union (NYSE:FCX) - March 10 at 6:16 PM logoUPDATE 2-Strike halts output at top Peru copper mine Cerro Verde -union (NYSE:FCX) - March 10 at 6:16 PM logoStrike hits output at top Peru copper mine Cerro Verde -union (NYSE:FCX) - March 10 at 6:16 PM logoStrike halts output at Peru's top copper mine Cerro Verde - union (NYSE:FCX) - March 10 at 11:21 AM logoStrike halts output at top Peru copper mine Cerro Verde -union (NYSE:FCX) - March 10 at 11:21 AM logoA 25% Drop in Freeport-McMoRan Inc (FCX) Stock Has Declawed the Bear - (NYSE:FCX) - March 9 at 5:38 PM logoStock of the day with Dow Jones, S&P 500, Nasdaq flat but inching up (NYSE:FCX) - March 9 at 5:38 PM logoA 25% Drop in Freeport-McMoRan Inc (FCX) Stock Has Declawed the Bear (NYSE:FCX) - March 9 at 9:33 AM logoFreeport Indonesia to resume copper concentrate output on March 21 (NYSE:FCX) - March 9 at 4:00 AM logoWhy Is Freeport-McMoRan Inc (FCX) Stock Falling Amid High Copper? - (NYSE:FCX) - March 7 at 9:59 PM logoFreeport-McMoRan Inc (FCX) Stock Will Fight Through the Pain ... - (NYSE:FCX) - March 7 at 9:59 PM logoFreeport-McMoRan Inc (FCX) Stock Will Fight Through the Pain (NYSE:FCX) - March 7 at 10:31 AM logoWhy Freeport-McMoRan Inc Shares Fell a Painful 19.5% in February (NYSE:FCX) - March 7 at 9:48 AM logoDown day for stocks: Dow below 21K, Snap stumbles, Chase, Intel, Macy’s slip, airlines off on new Trump travel order (NYSE:FCX) - March 6 at 4:54 PM logoWhy I Am Bullish on This Stock (NYSE:FCX) - March 6 at 4:54 PM logoWhy Is Freeport-McMoRan Inc (FCX) Stock Falling Amid High Copper? (NYSE:FCX) - March 6 at 8:42 AM logoIndonesia mining policy shift sparks fresh turmoil (NYSE:FCX) - March 5 at 11:34 AM logoMitsubishi Materials resumes operations at Indonesia copper smelter - spokesman (NYSE:FCX) - March 3 at 5:13 PM logoIndonesian government's stubbornness is not good for the company as well as the people of the country. - Seeking Alpha (NYSE:FCX) - March 3 at 3:33 AM logoCopper And Freeport-McMoRan - An Opportunity - Seeking Alpha - Seeking Alpha (NYSE:FCX) - March 3 at 3:33 AM logoFREEPORT-MCMORAN INC Financials (NYSE:FCX) - March 2 at 5:25 PM logoThe Biggest Loser: Freeport-McMoRan Sinks 4.9% (NYSE:FCX) - March 2 at 5:25 PM logoFreeport says no return to 'business as usual' for Indonesia's Grasberg mine (NYSE:FCX) - March 1 at 4:53 PM


Frequently Asked Questions for Freeport-McMoRan (NYSE:FCX)

What is Freeport-McMoRan's stock symbol?

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

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) released its quarterly earnings data on Wednesday, January, 25th. The company reported $0.25 EPS for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.08. The business earned $4.38 billion during the quarter, compared to analyst estimates of $4.34 billion. Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The firm's revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) EPS.

When will Freeport-McMoRan make its next earnings announcement?

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

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

15 analysts have issued 1 year target prices for Freeport-McMoRan's stock. Their forecasts range from $7.00 to $20.00. On average, they anticipate Freeport-McMoRan's stock price to reach $13.53 in the next twelve months.

What are analysts saying about Freeport-McMoRan stock?

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

  • 1. 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)
  • 2. 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)
  • 3. 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)

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 69,187,162 shares, an increase of 6.3% from the February 15th total of 65,097,221 shares. Based on an average daily volume of 33,846,865 shares, the short-interest ratio is presently 2.0 days.

Who owns Freeport-McMoRan stock?

Freeport-McMoRan's stock is owned by many different of retail and institutional investors. Top institutional investors include Icahn Carl C (6.34%), State Street Corp (4.32%), FMR LLC (1.44%), Dimensional Fund Advisors LP (0.98%), Franklin Resources Inc. (0.72%) and Letko Brosseau & Associates Inc. (0.60%). 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 Icahn Carl C, Franklin Resources Inc., Dimensional Fund Advisors LP, Guggenheim Capital LLC, Systematic Financial Management LP, ING Groep NV, Letko Brosseau & Associates Inc. and Janus Capital Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including FMR LLC, TCW Group Inc., State Street Corp, Asset Management One Co. Ltd., Putnam Investments LLC, Fiera Capital Corp, Main Street Research LLC and Investec Asset Management LTD. 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 $12.86.

Freeport-McMoRan (FCX) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by Staff