NYSE:FCX - Freeport-McMoRan Stock Price, News, & Analysis

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$10.20 -0.17 (-1.64 %)
(As of 05/21/2019 01:02 AM ET)
Previous Close$10.37
Today's Range$10.15 - $10.3850
52-Week Range$9.60 - $18.38
Volume14.51 million shs
Average Volume21.83 million shs
Market Capitalization$14.80 billion
P/E Ratio6.71
Dividend Yield1.93%
Beta2.21
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

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Industry, Sector and Symbol

Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
CUSIP35671D85
Phone(602) 366-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.63 billion
Cash Flow$2.6913 per share
Book Value$12.30 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees26,800
Outstanding Shares1,450,634,000
Market Cap$14.80 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

What is Freeport-McMoRan's stock symbol?

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

How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan?

Freeport-McMoRan announced a quarterly dividend on Thursday, March 28th. Investors of record on Monday, April 15th will be paid a dividend of $0.05 per share on Wednesday, May 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, April 12th. View Freeport-McMoRan's Dividend History.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings data on Thursday, April, 25th. The natural resource company reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.03. The natural resource company earned $3.79 billion during the quarter, compared to analyst estimates of $3.77 billion. Freeport-McMoRan had a return on equity of 10.31% and a net margin of 9.09%. The company's revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. View Freeport-McMoRan's Earnings History.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Freeport-McMoRan.

What price target have analysts set for FCX?

15 brokers have issued 12-month price targets for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $24.00. On average, they anticipate Freeport-McMoRan's stock price to reach $15.0143 in the next twelve months. This suggests a possible upside of 47.2% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.

What is the consensus analysts' recommendation for Freeport-McMoRan?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Freeport-McMoRan.

Has Freeport-McMoRan been receiving favorable news coverage?

News articles about FCX stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Freeport-McMoRan earned a news impact score of -1.6 on InfoTrie's scale. They also assigned news headlines about the natural resource company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in the month of April. As of April 15th, there was short interest totalling 33,999,549 shares, an increase of 10.9% from the March 29th total of 30,658,255 shares. Based on an average daily trading volume, of 18,048,759 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.4% of the shares of the company are short sold. View Freeport-McMoRan's Current Options Chain.

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

What other stocks do shareholders of Freeport-McMoRan own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Freeport-McMoRan investors own include Apollo Commercial Real Est. Finance (ARI), Bank of America (BAC), Micron Technology (MU), General Electric (GE), Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Intel (INTC), Alibaba Group (BABA), Incyte (INCY) and Medivation (MDVN).

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the folowing people:
  • Richard C. Adkerson, Vice Chairman, President & Chief Executive Officer
  • Harry Milton Conger, President & Chief Operating Officer-Americas
  • Kathleen L. Quirk, Chief Financial Officer, Treasurer & Executive VP
  • C. Donald Whitmire, Vice President & Controller-Financial Reporting
  • David P. Joint, Director-Investor Relations

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.47%), Northern Trust Corp (1.42%), Dimensional Fund Advisors LP (1.15%), Letko Brosseau & Associates Inc. (0.50%), Charles Schwab Investment Management Inc. (0.45%) and TCW Group Inc. (0.45%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather and Harry M Iv Conger. View Institutional Ownership Trends for Freeport-McMoRan.

Which major investors are selling Freeport-McMoRan stock?

FCX stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, AQR Capital Management LLC, Wells Fargo & Company MN, Iridian Asset Management LLC CT, Oxford Asset Management LLP, Victory Capital Management Inc., Morgan Stanley and Envestnet Asset Management Inc.. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr and Courtney Mather. View Insider Buying and Selling for Freeport-McMoRan.

Which major investors are buying Freeport-McMoRan stock?

FCX stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., Wellington Management Group LLP, Dimensional Fund Advisors LP, Sumitomo Mitsui Trust Holdings Inc., Toronto Dominion Bank, Parametric Portfolio Associates LLC, TCW Group Inc. and Barometer Capital Management Inc.. View Insider Buying and Selling for Freeport-McMoRan.

How do I buy shares of Freeport-McMoRan?

Shares of FCX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $10.20.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $14.80 billion and generates $18.63 billion in revenue each year. The natural resource company earns $2.60 billion in net income (profit) each year or $1.52 on an earnings per share basis. Freeport-McMoRan employs 26,800 workers across the globe.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is http://www.fcx.com.

How can I contact Freeport-McMoRan?

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The natural resource company can be reached via phone at (602) 366-8100 or via email at [email protected]


MarketBeat Community Rating for Freeport-McMoRan (NYSE FCX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  935 (Vote Outperform)
Underperform Votes:  858 (Vote Underperform)
Total Votes:  1,793
MarketBeat's community ratings are surveys of what our community members think about Freeport-McMoRan and other stocks. Vote "Outperform" if you believe FCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

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