Freeport-McMoRan - FCX Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 7 hold ratings and 8 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.

16 analysts have issued 12-month price targets for Freeport-McMoRan's shares. Their FCX share price forecasts range from $24.00 to $65.00. On average, they expect the company's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts price targets for FCX or view top-rated stocks among Wall Street analysts.

Freeport-McMoRan's stock was trading at $41.73 at the beginning of the year. Since then, FCX shares have decreased by 26.6% and is now trading at $30.65.
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Freeport-McMoRan saw a increase in short interest in August. As of August 31st, there was short interest totaling 29,460,000 shares, an increase of 8.4% from the August 15th total of 27,180,000 shares. Based on an average trading volume of 20,060,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.1% of the shares of the stock are short sold.
View Freeport-McMoRan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our FCX earnings forecast.

Freeport-McMoRan Inc. (NYSE:FCX) released its quarterly earnings results on Thursday, July, 21st. The natural resource company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.18. The natural resource company had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $6.20 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 22.04% and a net margin of 20.08%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 EPS.
Read the conference call transcript.

Freeport-McMoRan declared a quarterly dividend on Wednesday, September 21st. Investors of record on Friday, October 14th will be given a dividend of $0.15 per share on Tuesday, November 1st. This represents a $0.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for FCX.

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 15.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

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.

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 many different institutional and retail investors. Top institutional investors include Symmetry Partners LLC (0.00%), UBP Investment Advisors SA (0.00%), Neville Rodie & Shaw Inc. (0.00%) and Confluence Investment Management LLC (0.00%). Insiders that own company stock include C Donald Whitmire Jr, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, John Joseph Stephens, Kathleen L Quirk, Richard C Adkerson, Ryan Michael Lance and Sara Grootwassink Lewis.
View institutional ownership trends.

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.
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One share of FCX stock can currently be purchased for approximately $30.65.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $43.81 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 $3.29 on an earnings per share basis.

The company employs 24,700 workers across the globe.

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.