Freeport-McMoRan Company Profile (NYSE:FCX)

About Freeport-McMoRan (NYSE:FCX)

Freeport-McMoRan logoFreeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Copper
  • Sub-Industry: Diversified Metals & Mining
  • Symbol: NYSE:FCX
  • CUSIP: 35671D85
  • Web:
  • Market Cap: $17.22 billion
  • Outstanding Shares: 1,446,812,000
Average Prices:
  • 50 Day Moving Avg: $12.41
  • 200 Day Moving Avg: $13.86
  • 52 Week Range: $9.24 - $17.06
  • Trailing P/E Ratio: 63.64
  • Foreward P/E Ratio: 8.62
  • P/E Growth: 0.19
Sales & Book Value:
  • Annual Revenue: $14.93 billion
  • Price / Sales: 1.15
  • Book Value: $4.37 per share
  • Price / Book: 2.72
  • EBIDTA: $4.24 billion
  • 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%
  • Average Volume: 21.93 million shs.
  • Beta: 2.49
  • Short Ratio: 2.41

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) issued its quarterly earnings data on Tuesday, April, 25th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.51 billion. Freeport-McMoRan had a positive return on equity of 3.52% and a negative net margin of 28.09%. The company's revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) EPS. View Freeport-McMoRan's Earnings History.

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

13 brokers have issued 12 month price targets for Freeport-McMoRan's shares. Their forecasts range from $7.00 to $20.00. On average, they anticipate Freeport-McMoRan's share price to reach $13.46 in the next year. View Analyst Ratings for Freeport-McMoRan.

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, "Over the weekend, another deadline has come and gone in Freeport's negotiations with the Government of Indonesia. The lack of any apparent material progress over the course of this year (and prior) leads us to believe that either a sale and/or arbitration are increasingly the most likely outcome in the prolonged dispute. We believe that either path holds additional risks for Freeport. The more favorable scenarios in which Freeport could continue to export concentrates while negotiations continue or a 'grand solution' appear less likely now. In our opinion, an argument that a sale might be the best outcome for Freeport is an acknowledgment that the company has few good options to choose from. We are concerned that if discussions move towards a sale process, investors will be paying close attention to the risk of value leakage, given the unique regulatory circumstances in Indonesia. Major questions would include how Freeport's assets are valued and how quickly Freeport divests, among others. Freeport can choose to go to arbitration around June/July of this year, which may be a catalyst for a mutually acceptable exit from Indonesia." (3/28/2017)
  • 2. Jefferies Group LLC analysts commented, "Despite extensive negotiations, Freeport and Indonesia have made little progress regarding conversion of Freeport's COW to an IUPK, local ownership of PT-FI, smelter development, and long-term mining rights. Grasberg is operating at a reduced rate, and the FCX investment case depends on a resolution to the dispute. In this report, we include a detailed analysis of Freeport's options and conclude that a sale of its stake in Grasberg may be best." (3/28/2017)
  • 3. 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)
  • 4. 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 during the month of April. As of April 28th, there was short interest totalling 70,181,246 shares, an increase of 4.1% from the April 13th total of 67,440,506 shares. Based on an average daily trading volume, of 24,979,182 shares, the short-interest ratio is presently 2.8 days. Currently, 5.2% of the company's stock are short sold.

Who are some of Freeport-McMoRan's key competitors?

Who owns Freeport-McMoRan stock?

Freeport-McMoRan's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.20%), State Street Corp (4.49%), FMR LLC (2.93%), Bank of New York Mellon Corp (1.02%), Geode Capital Management LLC (0.90%) and Dimensional Fund Advisors LP (0.73%). 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. View Institutional Ownership Trends for Freeport-McMoRan.

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 Wellington Management Group LLP, Dimensional Fund Advisors LP, Morgan Stanley, Los Angeles Capital Management & Equity Research Inc., AQR Capital Management LLC, Janus Capital Management LLC, Parametric Portfolio Associates LLC and City Financial Investment Co Ltd. 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. View Insider Buying and Selling for Freeport-McMoRan.

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, Vanguard Group Inc., Westpac Banking Corp, Manning & Napier Advisors LLC, Capital Growth Management LP, Bank of New York Mellon Corp, State of New Jersey Common Pension Fund D and State Street Corp. 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. View Insider Buying and Selling for Freeport-McMoRan.

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 $11.90.

Analyst Ratings

Consensus Ratings for Freeport-McMoRan (NYSE:FCX) (?)
Ratings Breakdown: 2 Sell Ratings, 8 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $13.46 (13.12% upside)

Analysts' Ratings History for Freeport-McMoRan (NYSE:FCX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/1/2017FBR & CoLower Price TargetMkt Perform$13.00 -> $12.00LowView Rating Details
4/19/2017Royal Bank of CanadaReiterated RatingHold$17.00MediumView Rating Details
4/11/2017Cowen and CompanyReiterated RatingBuyLowView Rating Details
3/28/2017Jefferies Group LLCBoost Price TargetBuy$16.00MediumView Rating Details
3/22/2017Berenberg BankUpgradeSell -> Hold$12.00MediumView Rating Details
3/21/2017Deutsche Bank AGUpgradeSell -> Hold$12.50 -> $14.00HighView 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
12/29/2016BMO Capital MarketsReiterated RatingHold$15.00N/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
(Data available from 5/24/2015 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
4/25/2017Q1 17$0.16$0.15$3.51 billion$3.34 billionViewN/AView Earnings Details
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$0.58$5.24 billion$5.52 billionViewN/AView Earnings Details
4/24/2014Q114$0.41$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)
2017 EPS Consensus Estimate: $1.16
2018 EPS Consensus Estimate: $0.71
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.24$0.46$0.33
Q2 20173$0.16$0.27$0.23
Q3 20173$0.21$0.33$0.27
Q4 20173$0.27$0.42$0.32
Q1 20182$0.18$0.22$0.20
Q2 20181$0.17$0.17$0.17
Q3 20181$0.17$0.17$0.17
Q4 20181$0.17$0.17$0.17
(Data provided by Zacks Investment Research)


Current Dividend Information for Freeport-McMoRan (NYSE:FCX)
Most Recent Dividend:11/2/2015
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 logoFreeport-McMoRan Seeing Tough Times - Seeking Alpha - May 24 at 4:58 PM logoTraders Purchase Large Volume of Call Options on Freeport-McMoRan (FCX) - May 24 at 12:52 PM logoGold Trending Upward as Volatile Market Continues - May 24 at 12:11 PM logoFreeport-McMoRan Inc (FCX) Receives Consensus Rating of "Hold" from Brokerages - May 23 at 10:03 AM logoFreeport-McMoRan Inc (FCX) Stock Isn’t an Investment - May 22 at 4:49 PM logoCopper Producers Today: Your 2017 Performance Overview - May 22 at 4:49 PM logoETFs with exposure to Freeport-McMoRan, Inc. : May 22, 2017 - May 22 at 4:49 PM logoThis Year’s Strikes, Controversies, and Falling Grades in Copper - May 22 at 4:49 PM logoFreeport-McMoRan Inc (FCX) Stock Isn’t an Investment - May 22 at 11:43 AM logoEquities Analysts Set Expectations for Freeport-McMoRan Inc's FY2019 Earnings (FCX) - May 22 at 10:20 AM logoFreeport-McMoRan (FCX) Presents At BofAML 2017 Global Metals, Mining and Steel Conference - Slideshow - May 19 at 4:55 PM logoFreeport-McMoRan up today but down 21% the past 90 days - May 19 at 4:55 PM logoFreeport-McMoRan Falls to Pre-Election Levels - May 19 at 4:55 PM logo2 Top Copper Stocks to Consider Buying in 2017 - May 19 at 4:55 PM logoFreeport-McMoRan: Trump Slump - Seeking Alpha - May 19 at 6:23 AM logoWhat’s Next for Metals as ‘Trump Trade’ Shows Signs of Reversal? - May 19 at 6:23 AM logoTrump, China, and Geopolitical Tensions Make Doctor Copper Sick - May 19 at 6:23 AM logoHow Freeport-McMoRan Inc. Makes Most of Its Money - May 18 at 10:11 AM logoThe Big Question: Will Copper Fall to Pre-Election Levels? - May 16 at 11:46 AM logoHave Freeport’s Asset Sales Really Added Value? - May 16 at 11:46 AM logoPeru economy grows in March vs yr ago despite floods - May 15 at 4:50 PM logoFreeport-McMoRan Inc (FCX) Expected to Post Quarterly Sales of $3.86 Billion - May 13 at 9:42 AM logoWhy Loretta Mester Is Worried about Falling behind the Curve - May 11 at 5:46 PM logoETFs with exposure to Freeport-McMoRan, Inc. : May 11, 2017 - May 11 at 5:46 PM logo$0.24 EPS Expected for Freeport-McMoRan Inc (FCX) This Quarter - May 11 at 8:44 AM logoFreeport-McMoRan Oil & Gas discloses another round of divestiture-related job cuts - May 10 at 5:17 PM logoFreeport-McMoRan, Inc. :FCX-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017 - May 10 at 5:17 PM logoJon Najarian Sees Unusual Options Activity In Macy's And Freeport-McMoRan - May 10 at 8:48 AM logo3 Biggest Challenges Facing Freeport-McMoRan Inc. - May 9 at 12:58 PM logoBulls Beware: Freeport-McMoRan Bears Have a Point - May 8 at 5:00 PM logoFreeport-McMoRan: The Bullish Drivers for 2017 - May 8 at 9:02 AM logoHow These Basic Materials Stocks are Faring? -- Freeport-McMoRan, Great Panther Silver, Southern Copper, and Nevsun Resources - May 5 at 5:22 PM logoWorkers at Peru's Cerro Verde copper mine threaten fresh strike - May 5 at 5:22 PM logoFreeport McMoRan’s May Mayhem as Trump Trade Withers - May 5 at 5:22 PM logoFreeport McMoRan: A Look at Wall Street Ratings - May 5 at 5:22 PM logoAre Higher Copper Prices a Blessing or Curse for Mining Stocks? - May 5 at 5:22 PM logoFreeport-McMoRan Sees Unusually Large Options Volume (FCX) - May 5 at 7:02 AM logoForeign miners in Indonesia must be beneficial to country, warns Finance Minister - May 5 at 3:19 AM logoQ4 2017 Earnings Estimate for Freeport-McMoRan Inc (FCX) Issued By FBR & Co - May 4 at 5:18 PM logoIndonesia is consistent in implementing regulations - May 4 at 5:17 PM logoCan Freeport-McMoRan Inc (FCX) Stock Escape This Grey Area? - May 4 at 12:46 PM logoFreeport McMoRan, Indonesia start contract negotiations - Seeking Alpha - May 4 at 12:28 PM logoIndonesia and U.S. miner Freeport start contract negotiations - May 4 at 12:28 PM logoMining Stocks Extend Losses As Metals Tumble On China - May 4 at 12:28 PM logoCopper, barometer of global economy, posts worst drop in 19 months on China growth worries - May 3 at 10:00 PM logoNoteworthy Wednesday Option Activity: ROK, GRMN, FCX - May 3 at 4:59 PM logoQ2 2017 EPS Estimates for Freeport-McMoRan Inc Lowered by FBR & Co (FCX) - May 3 at 8:20 AM logoSomewhat Favorable Media Coverage Likely to Impact Freeport-McMoRan (FCX) Stock Price - May 3 at 1:07 AM logoFreeport-McMoRan: Lingering Indonesia Issue Provides Opportunity - Seeking Alpha - May 1 at 4:58 PM logoFreeport Indonesia mine workers hold rally at start of planned strike - May 1 at 4:58 PM



Freeport-McMoRan (FCX) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff