Freeport-McMoRan Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Freeport-McMoRan stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCX, but not buy additional shares or sell existing shares.
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15 Wall Street research analysts have issued 12-month price targets for Freeport-McMoRan's stock. Their FCX stock forecasts range from $29.00 to $65.00. On average, they expect Freeport-McMoRan's share price to reach $46.08 in the next twelve months. This suggests a possible upside of 68.3% from the stock's current price.
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Freeport-McMoRan's stock was trading at $41.73 on January 1st, 2022. Since then, FCX shares have decreased by 34.4% and is now trading at $27.38.
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Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
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Freeport-McMoRan Inc. (NYSE:FCX) issued its quarterly earnings data on Thursday, April, 21st. The natural resource company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.88 by $0.19. The natural resource company earned $6.60 billion during the quarter, compared to the consensus estimate of $6.29 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 24.06% and a net margin of 20.79%. The business's quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS.
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Freeport-McMoRan announced a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Friday, July 15th will be given a dividend of $0.15 per share on Monday, August 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, July 14th.
View Freeport-McMoRan's dividend history.

Freeport-McMoRan(NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.10%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 8.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 9.71% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

233 employees have rated Freeport-McMoRan CEO Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among Freeport-McMoRan's employees.

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Materion (MTRN), Compass Minerals International (CMP), Ferroglobe (GSM), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and Revett Minerals (RVM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Freeport-McMoRan investors own include Micron Technology (MU), Bank of America (BAC), Intel (INTC), General Electric (GE), AT&T (T), NVIDIA (NVDA), Alibaba Group (BABA), Apollo Commercial Real Estate Finance (ARI), Cisco Systems (CSCO) and Gilead Sciences (GILD).

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

Freeport-McMoRan's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital Investment Advisors LLC (0.00%), Private Asset Management Inc. (0.00%), Neville Rodie & Shaw Inc. (0.00%) and Farmer Steven Patrick (0.00%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
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FCX stock was sold by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc.. Company insiders that have sold Freeport-McMoRan company stock in the last two years include C Donald Whitmire Jr, Dustan E Mccoy, Gerald J Ford, Kathleen L Quirk, and Richard C Adkerson.
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FCX stock was acquired by a variety of institutional investors in the last quarter, including Capital Investment Advisors LLC, Farmer Steven Patrick, and Private Asset Management Inc..
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Shares of FCX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FCX stock can currently be purchased for approximately $27.38.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $39.68 billion and generates $22.85 billion in revenue each year. The natural resource company earns $4.31 billion in net income (profit) each year or $3.45 on an earnings per share basis.

Freeport-McMoRan employs 24,700 workers across the globe.

Freeport-McMoRan was founded in 1987.

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for Freeport-McMoRan is www.fcx.com. The natural resource company can be reached via phone at (602) 366-8100, via email at ir@fmi.com, or via fax at 504-582-1847.