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Freeport-McMoRan (FCX) Stock Forecast, Price & News

-0.07 (-0.19%)
(As of 03:10 PM ET)
Today's Range
50-Day Range
52-Week Range
7.48 million shs
Average Volume
11.86 million shs
Market Capitalization
$53.42 billion
P/E Ratio
Dividend Yield
Price Target

Freeport-McMoRan MarketRank™ Forecast

Analyst Rating
2.23 Rating Score
8.5% Upside
$40.38 Price Target
Short Interest
1.08% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
1.01mentions of Freeport-McMoRan in the last 14 days
Based on 9 Articles This Week
Insider Trading
Proj. Earnings Growth
From $1.61 to $2.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Basic Materials Sector

113th out of 169 stocks

Metal Mining Industry

11th out of 19 stocks

FCX stock logo

About Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan Inc is a publicly traded mining company that operates primarily in North and South America. The company is in the top ten of the world's largest producers of copper, gold and molybdenum, and its operations include mines, smelters and refineries. 

Freeport-McMoRan was founded in 1988 when Freeport Minerals Corporation merged with McMoRan Oil & Gas Company. Both companies had a long history in the mining industry, with Freeport Minerals founded in 1912 and McMoRan Oil & Gas in 1969.

The merger of the two companies created a vertically integrated mining company that could control every aspect of the mining process. The union of the two companies allowed Freeport-McMoRan to become one of the world's largest producers of copper, gold and molybdenum.

Freeport-McMoRan's operations are primarily in North and South America, with mines in Arizona, Colorado, New Mexico and Chile. The company also owns a 48.76% stake in the Grasberg mine in Indonesia, the largest gold mine in the world and the second-largest copper mining operation in the world.

The Grasberg mine is a significant source of revenue for Freeport-McMoRan, accounting for approximately 30% of the company's copper production and 40% of its gold production. The mine has operated since the 1970s and has significantly expanded recently.

Freeport-McMoRan's other major operation is the Cerro Verde mine in Peru, one of the world's largest copper mines. The mine was established as a joint venture between Freeport-McMoRan, Buenaventura and Sumitomo Corporation, with Freeport-McMoRan owning a 53.56% stake.

In addition to its mining operations, Freeport-McMoRan owns and operates smelters and refineries in the United States and South America. This allows the company to process the ore from its mines into finished products, such as copper cathodes and gold bars.

Freeport-McMoRan has a track record of financial performance. The company's revenues have steadily grown over the past decade, driven by increasing demand for copper and other essential metals.

Freeport-McMoRan's strong financial performance has allowed the company to invest in new projects and expand its operations. The company has recently focused on developing new mining projects in North and South America, including the Lone Star copper project in Arizona and the Quebrada Blanca Phase 2 copper project in Chile.

Freeport-McMoRan has a solid commitment to sustainability and responsible mining practices. The company has implemented a comprehensive environmental management system designed to minimize its impact on the environment while supporting the communities in which it operates.

One of the critical components of Freeport-McMoRan's sustainability strategy is its focus on reducing greenhouse gas emissions. The company has set a target of reducing its carbon footprint by 10% by the end of 2023, compared to its 2018 baseline.

Freeport-McMoRan has also implemented a water management program, which aims to minimize the use of fresh water in its operations and promote water conservation. In addition, the company has invested in technologies that allow it to recycle and reuse water, and it has also partnered with local communities to implement water conservation projects.

In addition to its environmental initiatives, Freeport-McMoRan is committed to supporting the communities in which it operates. The company has implemented a social responsibility program, which includes initiatives to improve education, healthcare and economic development in the communities near its mining operations.

Freeport-McMoRan has also committed to diversity, equity and inclusion (DEI). The company has established a DEI council and has implemented training programs to promote a more inclusive workplace. In addition, Freeport-McMoRan has set a target of achieving gender parity in its workforce by 2030.

The company is not without its risks. One of the main risks is the volatility of metal prices. Copper and gold prices can be highly cyclical and are influenced by various factors, including global economic conditions, geopolitical events and supply and demand dynamics. As a result, a significant decline in metal prices could harm Freeport-McMoRan's financial performance.

Another risk to consider is the regulatory environment. Mining companies are subject to various environmental and safety regulations, which can impact their operations and financial performance. As a result, changes in laws, or increased enforcement of existing regulations, could increase the cost of doing business for Freeport-McMoRan.

FCX Price History

FCX Stock News Headlines

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We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Expert Ratings for Freeport-McMoRan
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Is Freeport-McMoRan Stock a Buy?
Why Freeport-McMoRan (FCX) Stock Is Declining Today
Freeport McMoRan Inc (FCX)
Freeport-McMoRan: Still A 'Hold'
See More Headlines
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FCX Company Calendar

Ex-Dividend for 8/1 Dividend
Last Earnings
Dividend Payable
Ex-Dividend for 11/1 Dividend
Next Earnings (Estimated)
Dividend Payable
Fiscal Year End

Industry, Sector and Symbol

Metal mining
Diversified Metals & Mining
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
13 Analysts


Net Income
$3.47 billion
Pretax Margin


Sales & Book Value

Annual Sales
$22.78 billion
Cash Flow
$3.96 per share
Book Value
$17.39 per share


Outstanding Shares
Free Float
Market Cap
$53.36 billion

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Key Executives

  • Mr. Richard C. AdkersonMr. Richard C. Adkerson (Age 76)
    Chairman & CEO
    Comp: $5.77M
  • Ms. Kathleen Lynne QuirkMs. Kathleen Lynne Quirk (Age 59)
    Pres & Director
    Comp: $2.63M
  • Ms. Maree E. RobertsonMs. Maree E. Robertson (Age 47)
    CFO & Sr. VP
    Comp: $2.01M
  • Mr. Stephen T. Higgins (Age 65)
    Sr. VP & Chief Admin. Officer
    Comp: $1.39M
  • Mr. Douglas N. Currault IIMr. Douglas N. Currault II (Age 58)
    Sr. VP & Gen. Counsel
    Comp: $1.26M
  • Ms. Ellie L. Mikes (Age 45)
    VP & Chief Accounting Officer
  • Bertrand L. Odinet II
    VP, Chief Information Officer & Chief Innovation Officer
  • Mr. David Joint
    VP of Investor Relations
  • Pamela Q. Masson
    VP & Chief HR Officer
  • Mr. W. Russell King (Age 73)
    Sr. VP of International Relations & Federal Gov. Affairs

FCX Stock - Frequently Asked Questions

Should I buy or sell Freeport-McMoRan stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FCX shares. 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.
View FCX analyst ratings
or view top-rated stocks.

What is Freeport-McMoRan's stock price forecast for 2023?

13 analysts have issued 12 month target prices for Freeport-McMoRan's stock. Their FCX share price forecasts range from $29.00 to $48.00. On average, they predict the company's stock price to reach $40.38 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for FCX
or view top-rated stocks among Wall Street analysts.

How have FCX shares performed in 2023?

Freeport-McMoRan's stock was trading at $38.00 at the beginning of the year. Since then, FCX stock has decreased by 2.1% and is now trading at $37.22.
View the best growth stocks for 2023 here

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,600,000 shares, an increase of 9.7% from the August 15th total of 14,220,000 shares. Based on an average trading volume of 10,820,000 shares, the short-interest ratio is presently 1.4 days. Currently, 1.1% of the shares of the company are sold short.
View Freeport-McMoRan's Short Interest

When is Freeport-McMoRan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our FCX earnings forecast

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) announced its earnings results on Thursday, July, 20th. The natural resource company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. The natural resource company earned $5.74 billion during the quarter, compared to the consensus estimate of $5.61 billion. Freeport-McMoRan had a net margin of 9.63% and a trailing twelve-month return on equity of 9.45%. Freeport-McMoRan's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share.
Read the conference call transcript

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

Freeport-McMoRan announced a quarterly dividend on Wednesday, September 20th. Shareholders of record on Friday, October 13th will be given a dividend of $0.15 per share on Wednesday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, October 12th.
Read our dividend analysis for FCX

Is Freeport-McMoRan a good dividend stock?

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.82%. The dividend payout ratio is 20.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 13.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

What is Richard C. Adkerson's approval rating as Freeport-McMoRan's CEO?

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

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 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).

What is Freeport-McMoRan's stock symbol?

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

How do I buy shares of Freeport-McMoRan?

Shares of FCX stock 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.
Compare Top Brokerages Here.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $37.22.

How much money does Freeport-McMoRan make?

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $53.36 billion and generates $22.78 billion in revenue each year. The natural resource company earns $3.47 billion in net income (profit) each year or $1.45 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

The company employs 25,600 workers across the globe.

Does Freeport-McMoRan have any subsidiaries?
The following companies are subsidiares of Freeport-McMoRan: Climax Molybdenum Company, Cyprus Amax Minerals Company, Cyprus Climax Metals Company, Cyprus Metals Company, Freeport Minerals Corporation, Freeport-McMoRan Bagdad Inc., Freeport-McMoRan Exploration Corporation, Freeport-McMoRan Morenci Inc., PT Freeport Indonesia, Plains Exploration & Production, and Sociedad Minera Cerro Verde S.A..
Read More
How can I contact Freeport-McMoRan?

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for the company 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.

This page (NYSE:FCX) was last updated on 9/29/2023 by MarketBeat.com Staff

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