Freeport-McMoran Company Profile (NYSE:FCX)

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

Freeport-McMoran, Inc. (NYSE:FCX) posted its quarterly earnings data on Tuesday, April, 25th. The company reported $0.15 EPS for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.01. The firm earned $3.34 billion during the quarter, compared to the consensus estimate of $3.51 billion. Freeport-McMoran had a return on equity of 7.97% and a net margin of 1.11%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) EPS. View Freeport-McMoran's Earnings History.

13 brokers have issued 12 month price objectives for Freeport-McMoran's stock. Their forecasts range from $7.00 to $20.00. On average, they expect Freeport-McMoran's share price to reach $13.15 in the next twelve months. View Analyst Ratings for Freeport-McMoran.

Here are some recent quotes from research analysts about Freeport-McMoran stock:

• 1. According to Zacks Investment Research, "Estimates for Freeport for second-quarter 2017 have been going down of late. Freeport’s copper business is affected by supply-related issues and slowdown in China (a major market). Moreover, the company faces uncertainties surrounding the Grasberg mine in Indonesia. It is also exposed to a volatile copper pricing environment. Prices of the metal are expected to remain under pressure in second-half 2017 on concerns over an economic slowdown in China. Freeport has also underperformed the Zacks categorized Mining-Non Ferrous industry over the past six months." (7/11/2017)
• 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)

Freeport-McMoran saw a decline in short interest in the month of June. As of June 30th, there was short interest totalling 50,561,226 shares, a decline of 12.3% from the June 15th total of 57,670,452 shares. Based on an average trading volume of 15,777,943 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.5% of the company's shares are short sold.

Some companies that are related to Freeport-McMoran include BHP Billiton PLC (BBL), Anglo American plc (AAL), Teck Resources Ltd (TECK), Fresnillo Plc (FRES), South32 Ltd (S32), Turquoise Hill Resources (TRQ), Polymetal International PLC (POLY), KAZ Minerals PLC (KAZ), Yamana Gold (AUY), Vedanta Resources plc (VED), Allegheny Technologies Incorporated (ATI), Pretium Resources (PVG), New Gold (NGD), New Gold (NGD), MAG Silver Corp (MAG), McEwen Mining (MUX), Fortuna Silver Mines (FSM) and Seabridge Gold (SA).

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

Freeport-McMoran's stock is owned by many different of institutional and retail investors. Top institutional shareholders include ICAHN CARL C (6.33%), Manning & Napier Advisors LLC (0.49%), Chevy Chase Trust Holdings Inc. (0.13%), National Pension Service (0.08%), NN Investment Partners Holdings N.V. (0.07%) and APG Asset Management N.V. (0.04%). Company insiders that own Freeport-McMoran stock include C Donald Whitmire Jr, Courtney Mather, Gerald J Ford, Harry M Iv Conger, James C Flores, James R Moffett and Jon C/ Madonna. View Institutional Ownership Trends for Freeport-McMoran.

Freeport-McMoran's stock was sold by a variety of institutional investors in the last quarter, including Exxonmobil Investment Management Inc. TX, Wright Investors Service Inc., Cornerstone Financial Partners LLC, Beech Hill Advisors Inc., Private Asset Management Inc., Bremer Trust National Association, NEXT Financial Group Inc and US Bancorp DE. 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.

Freeport-McMoran's stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Advisors LLC, APG Asset Management N.V., Mn Services Vermogensbeheer B.V., Creative Planning, Oregon Public Employees Retirement Fund, Longer Investments Inc., National Pension Service and KAMES CAPITAL plc. Company insiders that have bought Freeport-McMoran stock in the last two years include Courtney Mather, Gerald J Ford, James C Flores and James R Moffett. View Insider Buying and Selling for Freeport-McMoran.

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.

One share of Freeport-McMoran stock can currently be purchased for approximately $13.01.