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: Integrated Mining
  • Sub-Industry: Diversified Metals & Mining
  • Symbol: NYSE:FCX
  • CUSIP: 35671D85
  • Web: www.fcx.com
Capitalization:
  • Market Cap: $21.43 billion
  • Outstanding Shares: 1,447,307,000
Average Prices:
  • 50 Day Moving Avg: $14.44
  • 200 Day Moving Avg: $13.26
  • 52 Week Range: $9.85 - $17.06
P/E:
  • Trailing P/E Ratio: 20.89
  • Foreward P/E Ratio: 9.68
  • P/E Growth: 0.20
Sales & Book Value:
  • Annual Revenue: $15.31 billion
  • Price / Sales: 1.40
  • Book Value: $4.61 per share
  • Price / Book: 3.21
Profitability:
  • EBITDA: $5.2 billion
  • Net Margins: 5.97%
  • Return on Equity: 10.45%
  • Return on Assets: 2.60%
Debt:
  • Debt-to-Equity Ratio: 1.31%
  • Current Ratio: 2.11%
  • Quick Ratio: 1.37%
Misc:
  • Average Volume: 19.25 million shs.
  • Beta: 2.54
  • Short Ratio: 2.8
 

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) posted its earnings results on Tuesday, July, 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.04. The firm earned $3.71 billion during the quarter, compared to the consensus estimate of $3.67 billion. Freeport-McMoran had a net margin of 5.97% and a return on equity of 10.45%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. View Freeport-McMoran's Earnings History.

When will Freeport-McMoran make its next earnings announcement?

Freeport-McMoran is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Freeport-McMoran.

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

16 equities research analysts have issued 1-year price objectives for Freeport-McMoran's stock. Their predictions range from $10.40 to $22.00. On average, they expect Freeport-McMoran's stock price to reach $15.69 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. According to Zacks Investment Research, "Freeport is taking actions to reduce mining costs and manage capital spending amid a still challenging operating environment. The company's cost-cutting actions should lend support to its margins in 2017. Freeport also remains actively focused on deleveraging 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." (10/10/2017)
  • 2. 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)
  • 3. 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)
  • 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 September. As of September 15th, there was short interest totalling 39,143,379 shares, an increase of 15.0% from the August 31st total of 34,034,371 shares. Based on an average daily volume of 19,459,606 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.7% of the shares of the stock are sold short.

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

Who are Freeport-McMoran's key executives?

Freeport-McMoran's management team includes the folowing people:

  • Richard C. Adkerson, Vice Chairman of the Board, President, Chief Executive Officer
  • Kathleen L. Quirk, Chief Financial Officer, Executive Vice President, Treasurer
  • Harry M. Conger IV, President and Chief Operating Officer - Americas
  • Michael J. Arnold, Executive Vice President, Chief Administrative Officer
  • Gerald J. Ford, Independent Non-Executive Chairman of the Board
  • Lydia H. Kennard, Independent Director
  • Andrew Langham, Independent Director
  • Jon C. Madonna, Independent Director
  • Courtney R. Mather, Independent Director

Who owns Freeport-McMoran stock?

Freeport-McMoran's stock is owned by many different of institutional and retail investors. Top institutional investors include Nationwide Fund Advisors (0.04%), Ingalls & Snyder LLC (0.03%), State Treasurer State of Michigan (0.03%), Centre Asset Management LLC (0.02%), Mutual of America Capital Management LLC (0.02%) and Shell Asset Management Co. (0.01%). Company insiders that own Freeport-McMoran stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger 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 Private Asset Management Inc., State Treasurer State of Michigan and Ingalls & Snyder 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. 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 Centre Asset Management LLC, Nationwide Fund Advisors, Shell Asset Management Co., Barometer Capital Management Inc., Meeder Asset Management Inc., Exane Derivatives, Robeco Institutional Asset Management B.V. and Oakbrook Investments LLC. Company insiders that have bought Freeport-McMoran stock in the last two years include Courtney Mather and Harry M Iv Conger. 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.

What is Freeport-McMoran's stock price today?

One share of Freeport-McMoran stock can currently be purchased for approximately $14.81.


MarketBeat Community Rating for Freeport-McMoran (NYSE FCX)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  658 (Vote Outperform)
Underperform Votes:  650 (Vote Underperform)
Total Votes:  1,308
MarketBeat's community ratings are surveys of what our community members think about Freeport-McMoran and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Freeport-McMoran (NYSE:FCX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 10 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.13)
Consensus Price Target: $15.69 (5.96% upside)
Consensus Price Target History for Freeport-McMoran (NYSE:FCX)
Price Target History for Freeport-McMoran (NYSE:FCX)
Analysts' Ratings History for Freeport-McMoran (NYSE:FCX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017FBR & CoSet Price TargetHold$12.00N/AView Rating Details
10/17/2017Deutsche Bank AGDowngradeHold -> Sell$13.00N/AView Rating Details
10/11/2017Royal Bank Of CanadaSet Price TargetHold$14.00N/AView Rating Details
10/4/2017Jefferies Group LLCReiterated RatingBuy$23.00 -> $19.00LowView Rating Details
9/15/2017CIBCInitiated CoverageSector Outperform -> Sector Outperform$18.00LowView Rating Details
9/7/2017MacquarieInitiated CoverageNeutral -> Neutral$16.00MediumView Rating Details
9/5/2017Berenberg BankReiterated RatingSell$10.40HighView Rating Details
8/29/2017Stifel NicolausSet Price TargetHold$15.00HighView Rating Details
8/29/2017Vertical ResearchReiterated RatingBuy$20.00LowView Rating Details
8/15/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market Perform$15.00MediumView Rating Details
7/27/2017Cowen and CompanyBoost Price TargetOutperform -> Outperform$20.00 -> $22.00HighView Rating Details
7/26/2017BMO Capital MarketsSet Price TargetHold$14.87 -> $17.00HighView Rating Details
7/10/2017Clarkson CapitalReiterated RatingNeutralMediumView Rating Details
2/21/2017Citigroup Inc.Initiated CoverageNeutral -> Neutral$16.00N/AView Rating Details
2/9/2017J P Morgan Chase & CoInitiated CoverageOverweight -> Neutral$14.00N/AView Rating Details
1/30/2017Barclays PLCReiterated RatingEqual Weight$14.00N/AView Rating Details
10/17/2016Bank of America CorporationInitiated CoverageUnderperform$8.00N/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, Inc. (The)Initiated 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
(Data available from 10/23/2015 forward)

Earnings

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
10/23/2017$0.28N/AView Earnings Details
7/25/2017Q2 17$0.21$0.17$3.67 billion$3.71 billionViewN/AView Earnings Details
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)

Estimates

Earnings Estimates for Freeport-McMoran (NYSE:FCX)
2017 EPS Consensus Estimate: $1.17
2018 EPS Consensus Estimate: $0.97
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.24$0.46$0.33
Q2 20173$0.19$0.27$0.24
Q3 20173$0.23$0.33$0.28
Q4 20173$0.27$0.42$0.32
Q1 20182$0.22$0.24$0.23
Q2 20181$0.24$0.24$0.24
Q3 20181$0.25$0.25$0.25
Q4 20181$0.25$0.25$0.25
(Data provided by Zacks Investment Research)

Dividends

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
9/30/2015quarterly$0.052.04%10/13/201510/15/201511/2/2015
6/24/2015quarterly$0.161.01%7/13/20157/15/20158/3/2015
3/24/2015quarterly$0.054/13/20154/15/20155/1/2015
12/19/2014quarterly$0.315.54%1/13/20151/15/20152/2/2015
9/24/2014quarterly$0.313.83%10/10/201410/15/201411/3/2014
6/25/2014quarterly$0.313.5%7/11/20147/15/20148/1/2014
3/26/2014quarterly$0.313.86%4/11/20144/15/20145/1/2014
12/20/2013quarterly$0.313.5%1/13/20141/15/20142/3/2014
9/25/2013quarterly$0.313.69%10/10/201310/15/201311/1/2013
6/27/2013quarterly$0.314.53%7/11/20137/15/20138/1/2013
3/27/2013quarterly$0.313.78%4/11/20134/15/20135/1/2013
12/26/2012quarterly$0.313.71%1/11/20131/15/20132/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Freeport-McMoran (NYSE:FCX)
Insider Ownership Percentage: 1.29%
Institutional Ownership Percentage: 67.97%
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
9/7/2017Harry M Iv CongerCOOBuy36,180$15.23$551,021.40View SEC Filing  
8/21/2017C Donald Whitmire JrVPSell1,050$14.70$15,435.00View SEC Filing  
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)

Headlines

Headline Trends for Freeport-McMoran (NYSE:FCX)
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Chart

Freeport-McMoran (FCX) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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