Freeport-McMoRan Company Profile (NYSE:FCX)

About Freeport-McMoRan (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
  • Exchange: NYSE
  • Symbol: FCX
  • CUSIP: 35671D85
Key Metrics:
  • Previous Close: $12.23
  • 50 Day Moving Average: $12.84
  • 200 Day Moving Average: $13.54
  • 52-Week Range: $9.24 - $17.06
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 9.06
  • P/E Growth: 0.20
  • Market Cap: $17.68B
  • 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: $13.43 (9.80% upside)

Analysts' Ratings History for Freeport-McMoRan (NYSE:FCX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/19/2017Royal Bank of CanadaReiterated RatingHold$17.00MediumView Rating Details
4/11/2017Cowen and CompanyReiterated RatingBuyLowView Rating Details
4/5/2017FBR & CoReiterated RatingHold$13.00LowView 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
4/24/2015Clarkson CapitalDowngradeBuy -> HoldN/AView Rating Details
(Data available from 4/24/2015 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
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: $1.19
2018 EPS Consensus Estimate: $0.86
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
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 logoTraders Buy High Volume of Call Options on Freeport-McMoRan (FCX) - April 24 at 7:18 PM logoPositive Press Coverage Likely to Impact Freeport-McMoRan (FCX) Share Price - April 23 at 10:25 PM logoFreeport collects export permit after Pence visit - April 22 at 8:50 AM logo[$$] Pence Urges Indonesia to Open Economy More as U.S. Scrutinizes Trade - April 21 at 10:12 PM logoPence told Widodo more steps needed on Freeport issue -White House adviser - April 21 at 11:49 AM logoFreeport Indonesia granted permit to export copper concentrate until Feb 2018 - April 21 at 11:49 AM logoFreeport (FCX) to Post Q1 Earnings: What's in the Cards? - April 20 at 12:13 PM logoUPDATE 1-U.S. Vice President Pence says seeks fairer trade with Indonesia - April 20 at 12:13 PM logoFreeport Indonesia workers plan month-long protest against layoffs - April 20 at 12:13 PM logoFreeport (FCX) to Post Q1 Earnings: What's in the Cards? - April 20 at 12:13 PM logoTECK or FCX: Which Stock Analysts Prefer This Earnings Season - April 20 at 12:13 PM logo$0.16 Earnings Per Share Expected for Freeport-McMoRan Inc (FCX) This Quarter - April 20 at 8:01 AM logoFreeport-McMoRan Inc (FCX) Earns Hold Rating from Royal Bank of Canada - April 19 at 6:52 PM logoFreeport Looks Like A Great Buy - Seeking Alpha - April 19 at 12:06 PM logoFreeport Indonesia has initial approval to resume copper exports -spokesman - April 18 at 11:41 AM logoThe Tension Surrounding Freeport’s 1Q17 Earnings Call - April 18 at 11:41 AM logoSomewhat Favorable Media Coverage Extremely Likely to Impact Freeport-McMoRan (FCX) Share Price - April 17 at 11:27 PM logoFreeport-McMoRan Lays Off More Workers in Houston - April 17 at 4:42 PM logoAnticipating Freeport-McMoRan’s 1Q17 Earnings Release - April 17 at 4:42 PM logoCowen and Company Reaffirms Buy Rating for Freeport-McMoRan Inc (FCX) - April 14 at 3:34 PM logoJPMBB Commercial Mortgage Securities Trust 2015-C28 -- Moody's Affirms Seven Classes of JPMBB 2015-C28 - April 13 at 5:04 PM logoJPMBB Commercial Mortgage Securities Trust 2015-C28 -- Moody's Affirms Seven Classes of JPMBB 2015-C28 - April 13 at 5:04 PM logoTensions lurk behind Pence's "partnership" visit to Indonesia - April 13 at 11:14 AM logoFreeport-McMoRan Inc (FCX) Upgraded to Strong-Buy at Vetr Inc. - April 13 at 12:41 AM logoRPT-Indonesia eyes truce with Freeport as losses mount for both sides - April 12 at 10:13 PM logoFreeport-McMoRan Target of Unusually Large Options Trading (FCX) - April 12 at 5:51 PM logoIndonesia eyes truce with Freeport as losses mount for both sides - April 12 at 5:11 PM logoRio ponders future in Indonesia's Grasberg copper mine - April 12 at 9:59 AM logoFreeport-McMoRan: Potential Pre-Earnings Play - Seeking Alpha - April 11 at 12:30 PM logoHow Analysts Are Rating Freeport before Its 1Q17 Earnings Release - April 11 at 12:30 PM logoFreeport-McMoRan Oil & Gas cuts more Houston jobs, citing divestitures - April 11 at 12:30 PM logoAnalysts Weigh In on Freeport’s 1Q17 Earnings Estimates - April 11 at 12:30 PM logoVetr Inc. Lowers Freeport-McMoRan Inc (FCX) to Buy - April 10 at 7:40 PM logoBHP Billiton Rejects Activist Investor's Call To Spin Off Oil Assets - April 10 at 11:35 AM logoFreeport’s Dismal 1Q17 Casts a Shadow over 2Q17 - April 7 at 9:46 AM logoCan Freeport Get Re-Rated on Resolved Grasberg Issue? - April 7 at 9:46 AM logoFreeport awaits permit to end costly Indonesia export ban -execs - April 7 at 9:46 AM logoInside Freeport’s Indonesia Problem - April 7 at 9:46 AM logoCramer's lightning round: An overseas contract issue means trouble for this mining play - April 7 at 9:46 AM logoFreeport or Indonesia: Who’s Stake Is Higher in the Grasberg Impasse? - April 7 at 9:46 AM logoHas Freeport-McMoRan’s Valuation Priced in Everything? - April 7 at 9:46 AM logoWeighing Freeport’s 2017 Guidance versus the Analyst Estimates - April 7 at 9:46 AM logoWhy Resumed Exports May Not End Freeport’s Woes - April 7 at 9:46 AM logoFreeport-McMoRan Inc (FCX) Given Consensus Recommendation of "Hold" by Brokerages - April 6 at 4:45 PM logoFreeport-McMoRan Inc (FCX) Rating Reiterated by FBR & Co - April 5 at 9:12 PM logoFY2018 Earnings Estimate for Freeport-McMoRan Inc Issued By Jefferies Group (FCX) - April 3 at 12:26 PM logoDeutsche Bank AG Reiterates "Hold" Rating for Freeport-McMoRan Inc (FCX) - April 2 at 9:55 AM logoFreeport-McMoRan: Buy The Fear - Seeking Alpha - April 1 at 8:13 AM logoFreeport-McMoRan: Do You Want The Good News Or The Real News? - March 31 at 5:14 PM logoFriday’s Vital Data: Bank of America Corp (BAC), Lululemon Athletica Inc. (LULU) and Freeport-McMoRan Inc (FCX) - March 31 at 9:26 AM


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 earnings results on Wednesday, January, 25th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.33 by $0.08. The company had revenue of $4.38 billion for the quarter, compared to analysts' expectations of $4.34 billion. Freeport-McMoRan had a positive return on equity of 3.52% and a negative net margin of 28.09%. The firm's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($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 equities research analysts have issued twelve-month price objectives for Freeport-McMoRan's shares. Their forecasts range from $7.00 to $20.00. On average, they expect Freeport-McMoRan's share price to reach $13.43 in the next year.

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 in the month of March. As of March 31st, there was short interest totalling 67,354,861 shares, an increase of 0.7% from the March 15th total of 66,882,150 shares. Based on an average daily trading volume, of 22,303,508 shares, the days-to-cover ratio is currently 3.0 days. Currently, 5.0% of the shares of the company are short sold.

Who owns Freeport-McMoRan stock?

Freeport-McMoRan's stock is owned by a number of of retail and institutional investors. Top institutional investors include Manning & Napier Advisors LLC (0.44%), Chevy Chase Trust Holdings Inc. (0.13%), National Pension Service (0.08%), Retirement Systems of Alabama (0.04%), Foundation Resource Management Inc. (0.03%) and Gulf International Bank UK Ltd (0.03%). 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 Foundation Resource Management Inc., Reliance Trust Co. of Delaware, Private Asset Management Inc., CENTRAL TRUST Co, Park National Corp OH, Rothschild Investment Corp IL, Rathbone Brothers plc and Beech Hill Advisors Inc.. 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 Manning & Napier Advisors LLC, Kessler Investment Group LLC, Chevy Chase Trust Holdings Inc., National Pension Service, Cornerstone Financial Partners LLC, Nisa Investment Advisors LLC, McQueen Ball & Associates Inc. and Nationwide Fund Advisors. 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 $12.23.

Freeport-McMoRan (FCX) Chart for Monday, April, 24, 2017

This page was last updated on 4/24/2017 by Staff