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About Freeport-McMoRan (NYSE:FCX)
Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the Gulf of Mexico shelf and oil production offshore California. As of December 31, 2017, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 86.7 billion pounds of copper, 23.5 million ounces of gold, and 2.84 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 10.1 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.
Industry, Sector and Symbol
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
SymbolNYSE:FCX
CUSIP35671D85
Phone602-366-8100
Debt
Debt-to-Equity Ratio0.93
Current Ratio2.33
Quick Ratio1.43
Price-To-Earnings
Trailing P/E Ratio14.60
Forward P/E Ratio8.37
P/E GrowthN/A
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales1.51
Cash Flow$2.3270 per share
Price / Cash7.34
Book Value$8.23 per share
Price / Book2.08
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins12.72%
Return on Equity19.92%
Return on Assets5.83%
Miscellaneous
Employees25,200
Outstanding Shares1,448,790,000
Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions
What is Freeport-McMoRan's stock symbol?
Freeport-McMoRan trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCX."
How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan?
Freeport-McMoRan declared a quarterly dividend on Wednesday, March 28th. Shareholders of record on Friday, April 13th will be given a dividend of $0.05 per share on Tuesday, May 1st. This represents a $0.20 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, April 12th. View Freeport-McMoRan's Dividend History.
How were Freeport-McMoRan's earnings last quarter?
Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings results on Tuesday, April, 24th. The natural resource company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.10. The natural resource company earned $4.87 billion during the quarter, compared to analyst estimates of $4.92 billion. Freeport-McMoRan had a net margin of 12.72% and a return on equity of 19.92%. The company's revenue for the quarter was up 45.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. View Freeport-McMoRan's Earnings History.
When is Freeport-McMoRan's next earnings date?
What price target have analysts set for FCX?
20 Wall Street analysts have issued 12-month price objectives for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $25.00. On average, they anticipate Freeport-McMoRan's stock price to reach $18.0278 in the next year. View Analyst Ratings for Freeport-McMoRan.
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a drop in short interest in the month of May. As of May 15th, there was short interest totalling 26,603,535 shares, a drop of 21.9% from the April 30th total of 34,070,479 shares. Based on an average trading volume of 15,676,462 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.8% of the shares of the stock are short sold.
Who are some of Freeport-McMoRan's key competitors?
Some companies that are related to Freeport-McMoRan include BHP Billiton (BHP), Rio Tinto plc ADR Common Stock (RIO), Vale (VALE), Southern Copper (SCCO), Nornickel (NILSY), South32 (SOUHY), First Quantum Minerals (FQVLF), Fortescue Metals Group (FSUGY), Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), Compańia de Minas Buenaventura (BVN), Vedanta Resources (VDNRF), Centamin (CELTF), Cleveland-Cliffs (CLF) and Nexa Resources (NEXA).
Who are Freeport-McMoRan's key executives?
Freeport-McMoRan's management team includes the folowing people:
- Mr. Richard C. Adkerson, Vice Chairman, Pres & CEO (Age 71)
- Ms. Kathleen L. Quirk, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Michael J. Arnold, Exec. VP & Chief Admin. Officer (Age 65)
- Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 62)
- Mr. James R. Moffett Jr., Chairman Emeritus, Consultant & Member of Advisory Board (Age 80)
Has Freeport-McMoRan been receiving favorable news coverage?
News stories about FCX stock have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freeport-McMoRan earned a media sentiment score of 0.10 on Accern's scale. They also gave headlines about the natural resource company an impact score of 46.73 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Freeport-McMoRan's major shareholders?
Freeport-McMoRan's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Icahn Carl C (3.46%), Northern Trust Corp (1.28%), Dimensional Fund Advisors LP (0.95%), Prudential Financial Inc. (0.82%), Sound Shore Management Inc. CT (0.52%) and Letko Brosseau & Associates Inc. (0.50%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger and Jon C/ Madonna. View Institutional Ownership Trends for Freeport-McMoRan.
Which major investors are selling Freeport-McMoRan stock?
FCX stock was sold by a variety of institutional investors in the last quarter, including Icahn Carl C, State of New Jersey Common Pension Fund D, Pendal Group Ltd, The Manufacturers Life Insurance Company , Franklin Resources Inc., Manning & Napier Group LLC, Quadrature Capital Ltd and Letko Brosseau & Associates Inc.. View Insider Buying and Selling for Freeport-McMoRan.
Which major investors are buying Freeport-McMoRan stock?
FCX stock was acquired by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Point72 Asset Management L.P., Mackay Shields LLC, Capital Growth Management LP, Sound Shore Management Inc. CT, Natixis, Inverness Counsel LLC NY and Eaton Vance Management. Company insiders that have bought Freeport-McMoRan stock in the last two years include Courtney Mather and Harry M Iv Conger. View Insider Buying and Selling for Freeport-McMoRan.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Freeport-McMoRan's stock price today?
One share of FCX stock can currently be purchased for approximately $17.08.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $25.18 billion and generates $16.40 billion in revenue each year. The natural resource company earns $1.82 billion in net income (profit) each year or $1.17 on an earnings per share basis. Freeport-McMoRan employs 25,200 workers across the globe.
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]mi.com.
MarketBeat Community Rating for Freeport-McMoRan (FCX)
MarketBeat's community ratings are surveys of what our community members think about Freeport-McMoRan and other stocks. Vote "Outperform" if you believe FCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
Freeport-McMoRan (NYSE:FCX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
20 Wall Street analysts have issued ratings and price targets for Freeport-McMoRan in the last 12 months. Their average twelve-month price target is $18.0278, suggesting that the stock has a possible upside of 5.55%. The high price target for FCX is $25.00 and the low price target for FCX is $12.00. There are currently 3 sell ratings, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.11 | 2.06 | 2.11 |
| Ratings Breakdown: | 3 Sell Rating(s)
9 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
11 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
11 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $18.0278 | $17.6611 | $16.3765 | $15.5875 |
| Price Target Upside: | 5.55% upside | 15.21% upside | 7.22% downside | 6.91% upside |
Freeport-McMoRan (NYSE:FCX) Consensus Price Target History
Freeport-McMoRan (NYSE:FCX) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Freeport-McMoRan (NYSE:FCX) Dividend Information
Freeport-McMoRan pays an annual dividend of $0.20 per share, with a dividend yield of 1.17%. FCX's most recent quarterly dividend payment was Tuesday, May 1. Freeport-McMoRan pays out 17.09% of its earnings out as a dividend.
| Most Recent Dividend: | 5/1/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 1.17% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 17.09% (Trailing 12 Months of Earnings)
9.80% (Based on This Year's Estimates)
13.99% (Based on Next Year's Estimates)
8.59% (Based on Cash Flow)
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Freeport-McMoRan (NYSE:FCX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/28/2018 | quarterly | $0.05 | 1.15406809001731% | 4/12/2018 | 4/13/2018 | 5/1/2018 |
| 9/30/2015 | quarterly | $0.05 | 2.04% | 10/13/2015 | 10/15/2015 | 11/2/2015 |
| 6/24/2015 | quarterly | $0.1605 | 1.01% | 7/13/2015 | 7/15/2015 | 8/3/2015 |
| 3/24/2015 | quarterly | $0.05 | | 4/13/2015 | 4/15/2015 | 5/1/2015 |
| 12/19/2014 | quarterly | $0.3125 | 5.54% | 1/13/2015 | 1/15/2015 | 2/2/2015 |
| 9/24/2014 | quarterly | $0.3125 | 3.83% | 10/10/2014 | 10/15/2014 | 11/3/2014 |
| 6/25/2014 | quarterly | $0.3125 | 3.5% | 7/11/2014 | 7/15/2014 | 8/1/2014 |
| 3/26/2014 | quarterly | $0.3125 | 3.86% | 4/11/2014 | 4/15/2014 | 5/1/2014 |
| 12/20/2013 | quarterly | $0.3125 | 3.5% | 1/13/2014 | 1/15/2014 | 2/3/2014 |
| 9/25/2013 | quarterly | $0.3125 | 3.69% | 10/10/2013 | 10/15/2013 | 11/1/2013 |
| 6/27/2013 | quarterly | $0.3125 | 4.53% | 7/11/2013 | 7/15/2013 | 8/1/2013 |
| 3/27/2013 | quarterly | $0.3125 | 3.78% | 4/11/2013 | 4/15/2013 | 5/1/2013 |
| 12/26/2012 | quarterly | $0.3125 | 3.71% | 1/11/2013 | 1/15/2013 | 2/1/2013 |
(Data available from 1/1/2013 forward)
Freeport-McMoRan (NYSE FCX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.05%
Institutional Ownership Percentage: 71.99%
Freeport-McMoRan (NYSE FCX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/31/2018 | C Donald Whitmire Jr | VP | Sell | 21,500 | $19.49 | $419,035.00 | 70,239 |  |
| 9/7/2017 | Harry M Iv Conger | COO | Buy | 36,180 | $15.23 | $551,021.40 | 73,943 | |
| 8/21/2017 | C Donald Whitmire Jr | VP | Sell | 1,050 | $14.70 | $15,435.00 | 60,239 | |
| 2/16/2017 | C Donald Whitmire Jr | VP | Sell | 2,525 | $15.22 | $38,430.50 | 60,989 | |
| 2/16/2017 | Harry M Iv Conger | COO | Sell | 77,500 | $15.24 | $1,181,100.00 | 37,763 | |
| 2/9/2017 | C Donald Whitmire Jr | VP | Sell | 57,620 | $15.42 | $888,500.40 | 64,896 | |
| 2/1/2017 | Jon C/ Madonna | Director | Sell | 14,000 | $16.61 | $232,540.00 | 61,080 | |
| 10/27/2016 | Courtney Mather | Director | Buy | 150,000 | $10.72 | $1,608,000.00 | 65,523 | |
| 9/4/2015 | James C Flores | Vice Chairman | Buy | 2,200,000 | $9.70 | $21,340,000.00 | 4,332,934 | |
| 8/28/2015 | James R Moffett | Chairman | Buy | 100,000 | $10.57 | $1,057,000.00 | 300,000 | |
| 8/18/2015 | Gerald J Ford | Director | Buy | 1,000,000 | $9.94 | $9,940,000.00 | | |
| 6/3/2015 | James C Flores | Vice Chairman | Buy | 60,000 | $20.52 | $1,231,200.00 | | |
| 12/12/2014 | Michael J Arnold | CAO | Buy | 50,000 | $22.15 | $1,107,500.00 | | |
| 12/11/2014 | James C Flores | Chairman | Buy | 500,000 | $23.60 | $11,800,000.00 | | |
| 5/28/2014 | Robert Day | Director | Sell | 186,000 | $33.77 | $6,281,220.00 | | |
| 5/7/2014 | H Devon Graham, Jr. | Director | Sell | 1,890 | $34.06 | $64,373.40 | 44,600 | |
| 11/7/2013 | J Bennett Johnston | Director | Buy | 20,000 | $36.72 | $734,400.00 | 140,085 | |
| 11/4/2013 | J Bennett Johnston | Director | Buy | 18,900 | $37.13 | $701,757.00 | | |
| 10/25/2013 | James C Flores | Chairman | Buy | 1,500,000 | $37.45 | $56,175,000.00 | | |
| 8/2/2013 | Gerald Ford | Director | Buy | 1,000,000 | $29.18 | $29,180,000.00 | 141,224 | |
| 8/1/2013 | Bobby Lee Lackey | Director | Buy | 1,800 | $29.09 | $52,362.00 | 41,442 | |
| 7/30/2013 | James R Moffett | Chairman | Buy | 1,000,000 | $28.53 | $28,530,000.00 | | |
| 7/26/2013 | J Taylor Wharton | Director | Sell | 9,416 | $28.61 | $269,391.76 | | |
| 7/26/2013 | James C Flores | Chairman | Buy | 517,350 | $28.65 | $14,822,077.50 | | |
| 6/3/2013 | James C Flores | Chairman | Buy | 1,100,000 | $31.17 | $34,287,000.00 | | |
| 3/1/2013 | J Bennett Johnston | Director | Buy | 16,000 | $31.48 | $503,680.00 | | |
(Data available from 1/1/2013 forward)
Freeport-McMoRan (NYSE FCX) News Headlines
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Freeport-McMoRan (NYSE:FCX) SEC Filings
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Freeport-McMoRan (NYSE:FCX) Income Statement, Balance Sheet and Cash Flow Statement
Freeport-McMoRan (NYSE FCX) Stock Chart for Saturday, May, 26, 2018
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