Freeport-McMoran Copper & Gold Company Profile (NYSE:FCX)

About Freeport-McMoran Copper & Gold

Freeport-McMoran Copper & Gold logoFreeport-McMoRan Inc. (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company's segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. It has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. Its portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States. Its Atlantic Copper smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. It has a smelter at its Miami, Arizona, mining operation, and molybdenum conversion facilities in the United States and Europe.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Copper
  • Sub-Industry: Diversified Metals & Mining
  • Exchange: NYSE
  • Symbol: FCX
  • CUSIP: 35671D85
Key Metrics:
  • Previous Close: $10.63
  • 50 Day Moving Average: $11.07
  • 200 Day Moving Average: $11.16
  • 52-Week Range: $3.52 - $14.20
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.07
  • P/E Growth: -0.60
  • Market Cap: $14.12B
  • Outstanding Shares: 1,328,258,000
  • Beta: 2.82
Profitability:
  • Net Margins: -87.70%
  • Return on Equity: -3.68%
  • Return on Assets: -0.89%
Debt:
  • Debt-to-Equity Ratio: 2.23%
  • Current Ratio: 2.36%
  • Quick Ratio: 1.53%
Additional Links:
Companies Related to Freeport-McMoran Copper & Gold:

Analyst Ratings

Consensus Ratings for Freeport-McMoran Copper & Gold (NYSE:FCX) (?)
Ratings Breakdown: 3 Sell Ratings, 12 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $10.60 (0.26% downside)

Analysts' Ratings History for Freeport-McMoran Copper & Gold (NYSE:FCX)
Show:
DateFirmActionRatingPrice TargetDetails
9/18/2016Berenberg BankReiterated RatingHold$10.00View Rating Details
9/14/2016MacquarieLower Price TargetNeutral$13.00 -> $10.00View Rating Details
9/14/2016FBR & CoReiterated RatingMarket PerformView Rating Details
9/14/2016Morgan StanleyDowngradeEqual Weight -> Underweight$9.00 -> $7.00View Rating Details
9/13/2016BMO Capital MarketsSet Price TargetHold$12.00View Rating Details
9/13/2016Cowen and CompanySet Price TargetBuy$15.00View Rating Details
9/13/2016Deutsche Bank AGLower Price TargetHold$12.50 -> $12.00View Rating Details
8/8/2016Barclays PLCBoost Price TargetEqual Weight$10.00 -> $11.00View Rating Details
7/14/2016Jefferies GroupReiterated RatingBuy$15.00View Rating Details
7/7/2016HSBCReiterated RatingBuyView Rating Details
5/19/2016Goldman Sachs Group Inc.Initiated CoverageNeutral$12.00View Rating Details
4/25/2016Royal Bank Of CanadaLower Price TargetSector Perform$12.00 -> $6.50View Rating Details
4/19/2016Credit Agricole SADowngradeUnderperform -> SellView Rating Details
4/8/2016NomuraBoost Price Target$7.00 -> $10.00View Rating Details
3/8/2016Citigroup Inc.Reiterated RatingSellView Rating Details
3/1/2016Bank of America Corp.UpgradeUnderperform -> Neutral$9.00 -> $7.63View Rating Details
3/1/2016ScotiabankDowngradeOutperform -> Sector PerformView Rating Details
2/3/2016ArgusDowngradeBuy -> HoldView Rating Details
9/11/2015GabelliInitiated CoverageBuy$20.25View Rating Details
9/1/2015S&P Equity ResearchUpgradeHold$10.00 -> $12.00View Rating Details
4/24/2015Clarkson CapitalDowngradeBuy -> HoldView Rating Details
3/31/2015JPMorgan Chase & Co.Lower Price TargetOverweight$24.00 -> $23.00View Rating Details
3/24/2015Brean CapitalSet Price TargetHold$19.00View Rating Details
1/28/2015Credit Suisse Group AGDowngradeHold$25.00View Rating Details
1/28/2015BB&T Corp.DowngradeBuy -> HoldView Rating Details
(Data available from 9/25/2014 forward)

Earnings

Earnings History for Freeport-McMoran Copper & Gold (NYSE:FCX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/20/2016        
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$0.46$5.24 billion$5.52 billionViewN/AView Earnings Details
4/24/2014Q114$0.43$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 Copper & Gold (NYSE:FCX)
Current Year EPS Consensus Estimate: $0.48 EPS
Next Year EPS Consensus Estimate: $0.96 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169($0.28)$0.23($0.07)
Q2 20165($0.16)$0.06($0.01)
Q3 20164$0.13$0.31$0.22
Q4 20164$0.37$0.64$0.49
Q1 20172$0.24$0.45$0.35
Q2 20172$0.26$0.42$0.34
Q3 20172$0.25$0.27$0.26
Q4 20172$0.16$0.27$0.22
Q1 20181$0.22$0.22$0.22
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Freeport-McMoran Copper & Gold (NYSE:FCX)
Annual Dividend:$0.05
Dividend Yield:0.47%
Dividend Growth:-27.00% (3 Year Average)
Payout Ratio:-0.46% (Based on Trailing 12 Months of Earnings)
10.42% (Based on Current Year Consensus EPS Estimate)
5.21% (Based on Next Year Consensus EPS Estimate)

Dividend History for Freeport-McMoran Copper & Gold (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 History for Freeport-McMoran Copper & Gold (NYSE:FCX)
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 67.78%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Freeport-McMoran Copper & Gold (NYSE:FCX)
DateHeadline
News IconThe hollowing out of Canadian mining: Vale's takeover of Inco, 10 years on - bnn.ca (NYSE:FCX)
www.bnn.ca - September 24 at 4:44 PM
investing.com logo3 Stocks To Watch: DIS, RIG, FCX - Investing.com (NYSE:FCX)
www.investing.com - September 24 at 4:44 PM
businesswire.com logoFreeport-McMoRan Announces Extension of Consent Solicitations ... - Business Wire (press release) (NYSE:FCX)
www.businesswire.com - September 24 at 4:44 PM
finance.yahoo.com logoFreeport Investors in DRC Limbo as Tenke Sale Process Drags On (NYSE:FCX)
finance.yahoo.com - September 23 at 4:46 PM
finance.yahoo.com logoFreeport-McMoRan Announces Extension of Consent Solicitations (NYSE:FCX)
finance.yahoo.com - September 23 at 4:46 PM
investors.com logoEasy Fed Policy Gives Boost To Gold Stocks, Mining Giants (NYSE:FCX)
www.investors.com - September 22 at 5:03 PM
News IconLundin's agonizing Congo decision - MINING.com (NYSE:FCX)
www.mining.com - September 22 at 10:35 AM
marketrealist.com logoGold Hit Its Highest Level in More Than a Week on September 21 ... - Market Realist (NYSE:FCX)
marketrealist.com - September 22 at 10:35 AM
marketrealist.com logoFreeport-McMoRan Bears Make a Comeback after 1H16 Rout (NYSE:FCX)
marketrealist.com - September 22 at 10:35 AM
marketrealist.com logoTech Matters: Freeport Finds Solace near Key Support Level (NYSE:FCX)
marketrealist.com - September 22 at 10:35 AM
marketrealist.com logoAnadarko Petroleum Announces $2 Billion GOM Acquisition (NYSE:FCX)
marketrealist.com - September 22 at 10:35 AM
marketrealist.com logoCopper Touched Highest Price Levels in a Month on September 21 (NYSE:FCX)
marketrealist.com - September 21 at 5:32 PM
finance.yahoo.com logoCramer: Anadarko's brilliant oil patch moves created a ca... (NYSE:FCX)
finance.yahoo.com - September 20 at 8:50 AM
investorplace.com logo3 Metals & Mining Stocks to Sell Now - Investorplace.com (NYSE:FCX)
investorplace.com - September 19 at 3:54 PM
investopedia.com logoAfter Tough Week, What Drives Freeport From Here? (FCX, APC) (NYSE:FCX)
www.investopedia.com - September 19 at 9:39 AM
marketrealist.com logoWord on the Street: Freeport Sold Assets at Depressed Valuation (NYSE:FCX)
marketrealist.com - September 19 at 9:39 AM
seekingalpha.com logoFreeport-McMoRan: Risk Profile Improves After Selling Parts Of The Energy Business (NYSE:FCX)
seekingalpha.com - September 16 at 4:52 PM
marketrealist.com logoHow Freeport-McMoRan Has Dug Itself a Deep Hole with Analysts (NYSE:FCX)
marketrealist.com - September 16 at 4:52 PM
marketrealist.com logoDid Rating Agencies Cut Freeport Any Slack over Asset Sales? (NYSE:FCX)
marketrealist.com - September 16 at 4:52 PM
istreetwire.com logo3 Stocks to Watch For: Freeport-McMoRan Inc. (FCX), Chesapeake ... - iStreetWire (NYSE:FCX)
istreetwire.com - September 16 at 8:45 AM
News IconFreeport-McMoran Copper & Gold Inc. (NYSE: FCX) Market Perform Rating Reiterated at FBR & Co - BNB Daily (blog) (NYSE:FCX)
www.baseball-news-blog.com - September 15 at 8:01 AM
forbes.com logoTuesday Sector Laggards: Energy, Materials - Forbes - Forbes (NYSE:FCX)
www.forbes.com - September 14 at 5:03 PM
investorplace.com logoWhy Wells Fargo & Co (WFC), Freeport-McMoRan Inc (FCX) and Potash Corporation of Saskatchewan (USA) (POT ... - Investorplace.com (NYSE:FCX)
investorplace.com - September 14 at 5:03 PM
benzinga.com logoMid-Day Market Update: Dow Tumbles 250 Points; Liberty Media Shares Spike Higher - Benzinga (NYSE:FCX)
www.benzinga.com - September 14 at 5:03 PM
finance.yahoo.com logoStreet Talk: GILD, FCX & more (NYSE:FCX)
finance.yahoo.com - September 14 at 5:03 PM
investorplace.com logoWFC, POT and FCX stock led Tuesday's bearish parade (NYSE:FCX)
investorplace.com - September 14 at 9:10 AM
cnbc.com logoIcahn endorses Freeport's efforts to reduce debt, explore options (NYSE:FCX)
www.cnbc.com - September 13 at 9:50 AM
businesswire.com logoFreeport-McMoRan Commences Consent Solicitations to Amend Freeport-McMoRan Oil & Gas Senior Notes Indentures (NYSE:FCX)
www.businesswire.com - September 13 at 9:50 AM
thecountrycaller.com logoFreeport-McMoRan Inc (FCX) Shares Fall Ahead Of New Challenges (NYSE:FCX)
www.thecountrycaller.com - September 13 at 9:50 AM
seekingalpha.com logoFreeport McMoRan: A China Bubble (NYSE:FCX)
seekingalpha.com - September 13 at 9:50 AM
smarteranalyst.com logoStock Update (NYSE:FCX): Freeport-McMoRan Inc Announces Agreement to Sell its Deepwater Gulf of Mexico Properties (NYSE:FCX)
www.smarteranalyst.com - September 13 at 9:50 AM
istreetwire.com logo3 Notable Runners: Intel Corporation (INTC), Freeport-McMoRan Inc ... - iStreetWire (NYSE:FCX)
istreetwire.com - September 12 at 4:51 PM
businesswire.com logoFreeport-McMoRan Announces Agreement to Sell its Deepwater Gulf of Mexico Properties - Business Wire (press release) (NYSE:FCX)
www.businesswire.com - September 12 at 4:51 PM
marketrealist.com logoCan Copper Prices Continue to Support Freeport-McMoRan? - Market Realist (NYSE:FCX)
marketrealist.com - September 12 at 4:51 PM
seekingalpha.com logoFreeport McMoRan: A China Bubble - Seeking Alpha (NYSE:FCX)
seekingalpha.com - September 12 at 4:51 PM
wsj.com logo[$$] Freeport-McMoRan to Sell Deepwater Gulf Assets to Anadarko (NYSE:FCX)
www.wsj.com - September 12 at 4:50 PM
News IconNews Recap - Twitter Inc (NYSE:TWTR), Freeport-McMoRan Inc (NYSE:FCX), Intel Corporation (NASDAQ:INTC) - NYSE Journal (press release) (NYSE:FCX)
stockznews.com - September 12 at 9:50 AM
fool.com logoThe Simple Reason Why Freeport-McMoRan Inc. Lost 21% of Its Value in August - Motley Fool (NYSE:FCX)
www.fool.com - September 9 at 4:51 PM
fool.com logoThe Simple Reason Why Freeport-McMoRan Inc. Lost 21% of Its Value in August (NYSE:FCX)
www.fool.com - September 9 at 4:51 PM
marketrealist.com logoWhat China's Falling Copper Imports Mean for Freeport-McMoRan - Market Realist (NYSE:FCX)
marketrealist.com - September 8 at 4:55 PM
marketrealist.com logoWhat China’s Falling Copper Imports Mean for Freeport-McMoRan (NYSE:FCX)
marketrealist.com - September 8 at 4:55 PM
News IconWorth Watching Stocks Intraday Alert: Freeport-McMoRan Inc (NYSE:FCX), HD Supply Holdings Inc (NASDAQ:HDS ... - NYSE Journal (press release) (NYSE:FCX)
stockznews.com - September 8 at 8:52 AM
finance.yahoo.com logoIndonesia evaluating mining rules as 2017 deadline on metal exports nears (NYSE:FCX)
finance.yahoo.com - September 8 at 8:52 AM
istreetwire.com logo3 Trending Stocks: Freeport-McMoRan Inc. (FCX), Skyline Medical Inc. (SKLN), Ford Motor Co. (F) - iStreetWire (NYSE:FCX)
istreetwire.com - September 7 at 8:21 AM
seekingalpha.com logoThis Stock Is A Strong Copper Recovery Play (NYSE:FCX)
seekingalpha.com - September 5 at 9:32 AM
marketrealist.com logoHow Are Analysts Rating Turquoise Hill Resources This Month? (NYSE:FCX)
marketrealist.com - September 2 at 4:54 PM
News IconIs Freeport-McMoRan Inc. (NYSE:FCX), a large market cap stock a smart buy? (NYSE:FCX)
twincountynews.com - September 1 at 4:54 PM
nasdaq.com logoWednesday Sector Laggards: Energy, Materials (NYSE:FCX)
www.nasdaq.com - August 31 at 4:52 PM
finance.yahoo.com logo2 Chile copper mines resume partial operations after fatal accidents (NYSE:FCX)
finance.yahoo.com - August 31 at 4:52 PM
finance.yahoo.com logoFreeport (FCX) Suspends Some Operations at El Abra Mine (NYSE:FCX)
finance.yahoo.com - August 31 at 9:46 AM

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Freeport-McMoran Copper & Gold (NYSE:FCX) Chart for Sunday, September, 25, 2016


Last Updated on 9/25/2016 by MarketBeat.com Staff