Freeport-McMoRan Stock Forecast, Price & News

Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

Is Freeport-McMoRan a buy right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 2 sell ratings, 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Freeport-McMoRan stock.
View analyst ratings for Freeport-McMoRan or view top-rated stocks.

What stocks does MarketBeat like better than Freeport-McMoRan?

Wall Street analysts have given Freeport-McMoRan a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Freeport-McMoRan wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 30,860,000 shares, an increase of 33.3% from the September 15th total of 23,150,000 shares. Based on an average trading volume of 19,250,000 shares, the short-interest ratio is currently 1.6 days. Approximately 2.1% of the company's shares are sold short.
View Freeport-McMoRan's Short Interest.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Tuesday, January 25th 2022.
View our earnings forecast for Freeport-McMoRan.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) issued its earnings results on Wednesday, October, 20th. The natural resource company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.08. The natural resource company earned $6.08 billion during the quarter, compared to analysts' expectations of $6.22 billion. Freeport-McMoRan had a net margin of 14.98% and a trailing twelve-month return on equity of 15.07%. The firm's quarterly revenue was up 58.0% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS.
View Freeport-McMoRan's earnings history.

How has Freeport-McMoRan's stock price been impacted by Coronavirus (COVID-19)?

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FCX stock has increased by 384.5% and is now trading at $39.34.
View which stocks have been most impacted by COVID-19.

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

Freeport-McMoRan announced a quarterly dividend on Wednesday, September 22nd. Investors of record on Friday, October 15th will be given a dividend of $0.075 per share on Monday, November 1st. This represents a $0.30 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, October 14th.
View Freeport-McMoRan's dividend history.

Is Freeport-McMoRan a good dividend stock?

Freeport-McMoRan pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.80%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 8.80% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

What price target have analysts set for FCX?

17 brokerages have issued 12-month target prices for Freeport-McMoRan's shares. Their forecasts range from $25.00 to $60.00. On average, they expect Freeport-McMoRan's stock price to reach $39.20 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts' price targets for Freeport-McMoRan or view top-rated stocks among Wall Street analysts.

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:

• Richard C. Adkerson, Chairman & Chief Executive Officer
• Kathleen L. Quirk, President & Chief Financial Officer
• Bertrand L. Odinet, Chief Information, Innovation Officer & VP
• Stephen T. Higgins, Chief Administrative Officer & Senior VP
• William E. Cobb, Chief Sustainability Officer & Senior VP

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

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

Who are some of Freeport-McMoRan's key competitors?

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Materion (MTRN), Ferroglobe (GSM), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and Revett Minerals (RVM).
View all of FCX's competitors.

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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.35%), DekaBank Deutsche Girozentrale (0.15%), Villere ST Denis J & Co. LLC (0.13%), New York State Teachers Retirement System (0.11%), PM CAPITAL Ltd (0.11%) and Assenagon Asset Management S.A. (0.09%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, Gerald J Ford, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
View institutional ownership trends for Freeport-McMoRan.

Which institutional investors are selling Freeport-McMoRan stock?

FCX stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Scout Investments Inc., Assenagon Asset Management S.A., Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., IFP Advisors Inc, First Citizens Bank & Trust Co., and AdvisorNet Financial Inc. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, Gerald J Ford, Kathleen L Quirk, and Richard C Adkerson.
View insider buying and selling activity for Freeport-McMoRan or view top insider-selling stocks.

Which institutional investors are buying Freeport-McMoRan stock?

FCX stock was acquired by a variety of institutional investors in the last quarter, including Villere ST Denis J & Co. LLC, Hodges Capital Management Inc., Fifth Third Bancorp, DekaBank Deutsche Girozentrale, Regent Investment Management LLC, Signature Estate & Investment Advisors LLC, Tamar Securities LLC, and Clear Creek Financial Management LLC.
View insider buying and selling activity for Freeport-McMoRan or or view top insider-buying stocks.

How do I buy shares of Freeport-McMoRan?

Shares of FCX 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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What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $39.34.

How much money does Freeport-McMoRan make?

Freeport-McMoRan has a market capitalization of $57.75 billion and generates $14.20 billion in revenue each year. The natural resource company earns $599 million in net income (profit) each year or $0.54 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan employs 24,500 workers across the globe.

When was Freeport-McMoRan founded?

Freeport-McMoRan was founded in 1987.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is www.fcx.com.

Where are Freeport-McMoRan's headquarters?

Freeport-McMoRan is headquartered at 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004.

How can I contact Freeport-McMoRan?

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The natural resource company can be reached via phone at (602) 366-8100 or via email at [email protected].