NYSE:FCX Freeport-McMoRan - FCX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Freeport-McMoRan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $44.82 -0.63 (-1.39%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$44.68▼$45.5450-Day Range$36.13▼$46.6452-Week Range$24.80▼$51.99Volume10.87 million shsAverage Volume13.85 million shsMarket Capitalization$64.06 billionP/E Ratio18.91Dividend Yield0.66%Price Target$40.73 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Freeport-McMoRan MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside9.8% Downside$40.43 Price TargetShort InterestHealthy2.10% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-8.34Upright™ Environmental ScoreNews Sentiment0.40Based on 14 Articles This WeekInsider TradingSelling Shares$3.02 M Sold Last QuarterProj. Earnings Growth43.68%From $1.90 to $2.73 Per ShareSee Full Details Hide Full Details 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 starsBasic Materials Sector104th out of 161 stocksMetal Mining Industry8th out of 15 stocks 1.1 Analyst's Opinion Consensus RatingFreeport-McMoRan has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 10 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.43, Freeport-McMoRan has a forecasted downside of 9.8% from its current price of $44.82.Amount of Analyst CoverageFreeport-McMoRan has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.10% of the float of Freeport-McMoRan has been sold short.Short Interest Ratio / Days to CoverFreeport-McMoRan has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Freeport-McMoRan has recently increased by 31.67%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldFreeport-McMoRan has a dividend yield of 0.66%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthFreeport-McMoRan does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Freeport-McMoRan is 12.66%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 10.99% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFreeport-McMoRan has received a -252.40% net impact score from Upright. The largest negative impact of Freeport-McMoRan in category "GHG emissions" seems to be driven mostly by its "Refined oil", "Molybdenum", and "Copper" products. See details.Environmental SustainabilityThe Environmental Impact score for Freeport-McMoRan is -8.34. Previous Next 3.0 News and Social Media Coverage News SentimentFreeport-McMoRan has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Freeport-McMoRan this week, compared to 12 articles on an average week.Search Interest196 people have searched for FCX on MarketBeat in the last 30 days. This is an increase of 270% compared to the previous 30 days.MarketBeat Follows44 people have added Freeport-McMoRan to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Freeport-McMoRan insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,018,750.00 in company stock.Percentage Held by InsidersOnly 0.72% of the stock of Freeport-McMoRan is held by insiders.Percentage Held by Institutions77.12% of the stock of Freeport-McMoRan is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Freeport-McMoRan are expected to grow by 43.68% in the coming year, from $1.90 to $2.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Freeport-McMoRan is 18.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Freeport-McMoRan is 18.91, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.18.Price to Book Value per Share RatioFreeport-McMoRan has a P/B Ratio of 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Freeport-McMoRan (NYSE:FCX) StockFreeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. 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 in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. 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 incorporated in 1987 and is headquartered in Phoenix, Arizona.Read More 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. Email Address FCX Stock News HeadlinesJanuary 24, 2023 | marketbeat.com3 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.January 12, 2023 | marketbeat.comOptimism 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.January 28, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 27, 2023 | finance.yahoo.comFreeport-McMoRan Full Year 2022 Earnings: EPS Beats ExpectationsJanuary 26, 2023 | finance.yahoo.comFreeport-McMoRan Inc. (NYSE:FCX) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | americanbankingnews.comFreeport-McMoRan (NYSE:FCX) Shares Gap Down to $44.95January 25, 2023 | finance.yahoo.comFreeport-McMoRan Earnings Beat; FCX Stock Rises As Copper Giant Sees Long-Term GainsJanuary 24, 2023 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why Freeport-McMoRan (FCX) is a Great ChoiceJanuary 28, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 20, 2023 | finance.yahoo.comBuy 5 Large-Cap U.S. Bigwigs Ahead of Q4 Earnings Next WeekJanuary 18, 2023 | finance.yahoo.comFreeport-McMoRan (FCX) Expected to Beat Earnings Estimates: Should You Buy?January 16, 2023 | finance.yahoo.comIs FreeportMcMoRan (FCX) Stock Outpacing Its Basic Materials Peers This Year?January 12, 2023 | finance.yahoo.comEarnings Estimates Moving Higher for Freeport-McMoRan (FCX): Time to Buy?January 7, 2023 | finance.yahoo.comInsiders saw their US$1.6m investment bump up to US$2.0m after Freeport-McMoRan Inc. (NYSE:FCX) soared 11% last weekDecember 30, 2022 | finance.yahoo.comInvestors in Freeport-McMoRan (NYSE:FCX) have made a impressive return of 208% over the past three yearsDecember 10, 2022 | msn.comIf You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,600 TodayNovember 8, 2022 | finance.yahoo.comIs Freeport-McMoRan (FCX) Stock an Attractive Investment to Beat Inflation?November 4, 2022 | finance.yahoo.comWhy Shares in Freeport-McMoRan Surged 10% TodayNovember 2, 2022 | finance.yahoo.comFreeport-McMoRan (NYSE:FCX) Is Experiencing Growth In Returns On CapitalOctober 27, 2022 | seekingalpha.comFreeport-McMoRan: A Small Bounce, But How Long Will It Last?October 27, 2022 | finance.yahoo.comMy Top Mining Stock to Buy in OctoberOctober 26, 2022 | msn.comFreeport-McMoRan Whale Trades SpottedOctober 26, 2022 | seekingalpha.comFreeport McMoRan seeking to extend Grasberg mine rights beyond 2041October 26, 2022 | finance.yahoo.comWhy Shares in Freeport-McMoRan Surged Again TodayOctober 25, 2022 | msn.comFreeport-McMoRan Whale Trades For October 24October 25, 2022 | realmoney.thestreet.comFreeport-McMoRan's Turn to the Upside Is Just What the Dr. (Copper) OrderedOctober 24, 2022 | msn.comHere's How Much You Would Have Made Owning Freeport-McMoRan Stock In The Last 5 YearsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address FCX Company Calendar Ex-Dividend for 11/1 Dividend10/13/2022Dividend Payable11/01/2022Ex-Dividend for 2/1 Dividend1/12/2023Last Earnings1/25/2023Today1/27/2023Dividend Payable2/01/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Metal mining Sub-IndustryDiversified Metals & Mining SectorBasic Materials Current SymbolNYSE:FCX CUSIP35671D85 CIK831259 Webwww.fcx.com Phone(602) 366-8100Fax504-582-1847Employees24,700Year Founded1987Price Target and Rating Average Stock Price Forecast$40.43 High Stock Price Forecast$65.00 Low Stock Price Forecast$23.00 Forecasted Upside/Downside-9.1%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$2.37 Trailing P/E Ratio18.91 Forward P/E Ratio23.59 P/E GrowthN/ANet Income$4.31 billion Net Margins15.22% Pretax Margin29.48% Return on Equity14.59% Return on Assets7.09% Debt Debt-to-Equity Ratio0.39 Current Ratio2.46 Quick Ratio1.76 Sales & Book Value Annual Sales$22.78 billion Price / Sales2.81 Cash Flow$3.74 per share Price / Cash Flow11.99 Book Value$17.40 per share Price / Book2.58Miscellaneous Outstanding Shares1,429,327,000Free Float1,419,036,000Market Cap$64.06 billion OptionableOptionable Beta1.97 Social Links Key ExecutivesMr. Richard C. Adkerson (Age 76)Chairman & CEO Comp: $6.13MMs. Kathleen Lynne Quirk (Age 59)Pres Comp: $3.1MMr. Stephen T. HigginsSr. VP & Chief Admin. OfficerMr. Douglas N. Currault IISr. VP & Gen. CounselMs. Maree E. Robertson (Age 47)CFO & Sr. VP Ms. Ellie Mikes (Age 45)VP, Chief Accounting Officer & Assistant Treasurer Bertrand L. Odinet IIVP, Chief Information Officer & Chief Innovation OfficerMr. David JointVP of Investor RelationsPamela Q. MassonVP & Chief HR OfficerMr. W. Russell King (Age 73)Sr. VP of International Relations & Federal Gov. Affairs More ExecutivesKey CompetitorsSouthern CopperNYSE:SCCOValeNYSE:VALERio Tinto GroupNYSE:RIOBHP GroupNYSE:BHPAir Products and ChemicalsNYSE:APDView All CompetitorsInsiders & InstitutionsState of Michigan Retirement SystemBought 1,400 shares on 1/27/2023Ownership: 0.027%Baldwin Brothers LLC MABought 66,116 shares on 1/27/2023Ownership: 0.005%Close Asset Management LtdBought 2,550 shares on 1/27/2023Ownership: 0.001%Successful Portfolios LLCBought 6,907 shares on 1/27/2023Ownership: 0.000%Regent Investment Management LLCSold 340 shares on 1/26/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions 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 Wall Street analysts have issued twelve-month price targets for Freeport-McMoRan's stock. Their FCX share price forecasts range from $23.00 to $65.00. On average, they anticipate the company's share price to reach $40.43 in the next twelve months. This suggests that the stock has a possible downside of 9.8%. 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 at the beginning of the year. Since then, FCX stock has increased by 17.9% and is now trading at $44.82. 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 short-interest ratio is presently 2.1 days. Currently, 2.1% of the company's shares are short sold. 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) released its quarterly earnings data on Wednesday, January, 25th. The natural resource company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.12. The natural resource company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 14.59% and a net margin of 15.22%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. 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. Investors 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 yield of 1.34%. 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 0.66%. 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 10.99% 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 many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.40%), Pendal Group Ltd (0.18%), Congress Asset Management Co. MA (0.18%), Villere ST Denis J & Co. LLC (0.14%), Natixis Advisors L.P. (0.12%) and New York State Teachers Retirement System (0.11%). 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, John Joseph Stephens, 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 $44.82. How much money does Freeport-McMoRan make? Freeport-McMoRan (NYSE:FCX) has a market capitalization of $64.06 billion and generates $22.78 billion in revenue each year. The natural resource company earns $4.31 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 1/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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