QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
NYSE:FCX

Freeport-McMoRan - FCX Stock Forecast, Price & News

$42.95
-0.21 (-0.49%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$42.16
$43.10
50-Day Range
$36.19
$46.64
52-Week Range
$24.80
$51.99
Volume
11.02 million shs
Average Volume
13.38 million shs
Market Capitalization
$61.39 billion
P/E Ratio
18.12
Dividend Yield
0.70%
Price Target
$41.00

Freeport-McMoRan MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
4.5% Downside
$41.00 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-8.34
Upright™ Environmental Score
News Sentiment
0.40mentions of Freeport-McMoRan in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$3.02 M Sold Last Quarter
Proj. Earnings Growth
22.60%
From $2.08 to $2.55 Per Share

Overall MarketRank

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

1.97 out of 5 stars

Basic Materials Sector

98th out of 156 stocks

Metal Mining Industry

6th out of 14 stocks

FCX stock logo

About Freeport-McMoRan (NYSE:FCX) Stock

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, Baghdad, 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 produce copper concentrate containing 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

Receive FCX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter.

FCX Stock News Headlines

3 Late January Earnings Plays With Pop Potential (FCX)
With a historic flair for the dramatic, these three stocks could see some of the biggest pops during fourth quarter earnings season.
Optimism About Global Demand For Metals Boosts BHP, Other Miners (FCX)
Miners BHP, Rio Tinto, and Vale were among the big price gainers Thursday as their industry group moved higher, largely on news from China and Saudi Arabia.
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Why Shares in Freeport-McMoRan Soared in January
Freeport-McMoRan (NYSE:FCX) PT Raised to $48.00 at Raymond James
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
Freeport-McMoRan (NYSE:FCX) Price Target Raised to $46.00
Freeport-McMoRan: Destruction Is Already Over
Freeport-McMoRan (NYSE:FCX) Shares Down 3.9%
Why Shares in Freeport-McMoRan Surged 10% Today
See More Headlines
Receive FCX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter.

FCX Company Calendar

Ex-Dividend for 2/1 Dividend
1/12/2023
Last Earnings
1/25/2023
Dividend Payable
2/01/2023
Today
2/06/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
35671D85
Employees
24,700
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$41.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
-4.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
15 Analysts

Profitability

Net Income
$3.47 billion
Pretax Margin
29.48%

Debt

Sales & Book Value

Annual Sales
$22.78 billion
Cash Flow
$3.87 per share
Book Value
$17.40 per share

Miscellaneous

Outstanding Shares
1,429,327,000
Free Float
1,419,036,000
Market Cap
$61.39 billion
Optionable
Optionable
Beta
2.01

Social Links


Key Executives

  • Richard C. AdkersonRichard C. Adkerson
    Chairman & Chief Executive Officer
  • Kathleen L. QuirkKathleen L. Quirk
    President
  • Maree Elizabeth Robertson
    Chief Financial Officer & Senior Vice President
  • Bertrand L. Odinet
    Chief Information, Innovation Officer & VP
  • Stephen T. T. Higgins
    Chief Administrative Officer & Senior VP













FCX Stock - Frequently Asked Questions

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

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, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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?

15 brokerages have issued 1-year price targets for Freeport-McMoRan's stock. Their FCX share price forecasts range from $23.00 to $65.00. On average, they expect the company's stock price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
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 on January 1st, 2023. Since then, FCX stock has increased by 13.0% and is now trading at $42.95.
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 January. As of January 15th, there was short interest totaling 29,600,000 shares, an increase of 31.7% from the December 31st total of 22,480,000 shares. Based on an average daily volume of 13,910,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.1% 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, April 20th 2023.
View our FCX earnings forecast
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) announced its quarterly earnings data on Wednesday, January, 25th. The natural resource company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.12. The natural resource company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.42 billion. Freeport-McMoRan had a net margin of 15.22% and a trailing twelve-month return on equity of 14.59%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS.
Read the conference call transcript
.

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

Freeport-McMoRan declared a quarterly dividend on Wednesday, December 21st. Stockholders of record on Friday, January 13th will be given a dividend of $0.15 per share on Wednesday, February 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 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 0.70%. The dividend payout ratio is 12.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 11.76% 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."

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (3.73%), Allspring Global Investments Holdings LLC (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), New York State Common Retirement Fund (0.23%), Keybank National Association OH (0.19%) and Pendal Group Ltd (0.18%). Insiders that own company stock include C Donald Whitmire Jr, Douglas N Currault II, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, Kathleen L Quirk, Richard C Adkerson, Ryan Michael Lance and Sara Grootwassink Lewis.
View institutional ownership trends
.

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 $42.95.

How much money does Freeport-McMoRan make?

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $61.39 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 $2.37 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

The company employs 24,700 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 2/6/2023 by MarketBeat.com Staff