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NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

Followed 111 Times  
$35.18
+0.28 (+0.80 %)
(As of 03/2/2021 12:00 AM ET)
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Compare
Today's Range
$34.89
Now: $35.18▼
$36.20
50-Day Range
$25.79
MA: $31.54▼
$38.08
52-Week Range
$4.82
Now: $35.18▼
$39.10
Volume21.45 million shs
Average Volume24.93 million shs
Market Capitalization$51.31 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.27
Freeport-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, 2019, it estimated consolidated recoverable proven and probable mineral reserves totaled 116 billion pounds of copper, 29.6 million ounces of gold, and 3.58 billion pounds of molybdenum, as well as operated approximately 210 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 founded in 1987 and is headquartered in Phoenix, Arizona.
Freeport-McMoRan logo

Headlines

3 Live Wire Copper Stocks to Buy Now (FCX)
February 18, 2021 |  marketbeat.com
Freeport-McMoRan Inc. stock rises Tuesday, outperforms market - MarketWatch
March 2, 2021 |  marketwatch.com
Why Shares in Copper Miner Freeport-McMoRan Surged in February - The Motley Fool
March 2, 2021 |  fool.com
Freeport-McMoRan, Inc. (FCX) Presents at BMO Capital Markets Global Metals & Mining Broker Conference Call - (Transcript) - Seeking Alpha
March 1, 2021 |  seekingalpha.com
Barrick CEO says tie-up with Freeport would have been logical move - Yahoo Finance
March 1, 2021 |  finance.yahoo.com
Freeport-McMoRan Inc. stock underperforms Monday when compared to competitors despite daily gains - MarketWatch
March 1, 2021 |  marketwatch.com
Freeport signals enduring cash bonanza from copper price boom - Financial Times
March 1, 2021 |  ft.com
Freeport signals enduring cash bonanza from copper price boom
March 1, 2021 |  finance.yahoo.com
Freeport-McMoRan Inc. stock underperforms Friday when compared to competitors - MarketWatch
February 26, 2021 |  marketwatch.com
A Strange 12 Months Offers Investors Scant Guidance for Rest of 2021
February 26, 2021 |  finance.yahoo.com
Freeport eyes U.S. expansions as Biden's EV plan boosts copper demand - Reuters
February 26, 2021 |  reuters.com
Freeport plans copper expansion in bet on U.S. economy, CEO says - Seeking Alpha
February 26, 2021 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
Current SymbolNYSE:FCX
Previous Symbol
CUSIP35671D85
CIK831259
Webwww.fcx.com
Phone602-366-8100
Employees27,500
Year Founded1987

Debt

Debt-to-Equity Ratio0.57
Current Ratio2.61
Quick Ratio1.35

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio62.82
P/E GrowthN/A

Sales & Book Value

Annual Sales$14.40 billion
Price / Sales3.56
Cash Flow$1.15 per share
Price / Cash Flow30.56
Book Value$12.05 per share
Price / Book2.92

Profitability

EPS (Most Recent Fiscal Year)$0.02
Net Income$-239,000,000.00
Net Margins-0.73%
Return on Equity1.56%
Return on Assets0.67%

Miscellaneous

Outstanding Shares1,458,480,000
Market Cap$51.31 billion
Next Earnings Date4/23/2021 (Estimated)
OptionableOptionable

MarketRank™

Overall MarketRank™

1.71 out of 5 stars

Basic Materials Sector

86th out of 831 stocks

Metal Mining Industry

5th out of 89 stocks

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$35.18
+0.28 (+0.80 %)
(As of 03/2/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

Is Freeport-McMoRan a buy right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Freeport-McMoRan wasn't one of them. MarketBeat thinks these five stocks 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 February. As of February 12th, there was short interest totaling 22,350,000 shares, an increase of 29.6% from the January 28th total of 17,250,000 shares. Based on an average daily trading volume, of 21,640,000 shares, the short-interest ratio is currently 1.0 days.
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 Friday, April 23rd 2021.
View our earnings forecast for Freeport-McMoRan.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) released its earnings results on Monday, January, 25th. The natural resource company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The natural resource company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.33 billion. Freeport-McMoRan had a negative net margin of 0.73% and a positive trailing twelve-month return on equity of 1.56%. The company's revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share.
View Freeport-McMoRan's earnings history.

How has Freeport-McMoRan's stock price been impacted by Coronavirus?

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FCX stock has increased by 333.3% and is now trading at $35.18.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for FCX?

18 analysts have issued 12 month target prices for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $42.00. On average, they anticipate Freeport-McMoRan's share price to reach $23.44 in the next year. This suggests that the stock has a possible downside of 33.4%.
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:
  • Mr. Richard C. Adkerson, Chairman & CEO (Age 74, Pay $4.85M) (LinkedIn Profile)
  • Ms. Kathleen Lynne Quirk, Pres & CFO (Age 57, Pay $2.32M)
  • Mr. Stephen T. Higgins, Sr. VP & Chief Admin. Officer
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 74) (LinkedIn Profile)
  • Mr. W. Russell King, Sr. VP of International Relations & Federal Gov. Affairs (Age 71)
  • Mr. Lynne M. Cooney, VP & Assistant to the Chairman
  • Mr. Joshua Frederick Olmsted, Pres & COO of Americas (Age 51) (LinkedIn Profile)
  • Mr. Mark J. Johnson, Pres of Freeport-McMoRan Indonesia (Age 62) (LinkedIn Profile)
  • Mr. Dean T. Falgoust, Pres of FMS & VP of FCX (Age 63)
  • Mr. C. Donald Whitmire Jr., VP & Controller of Financial Reporting

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), U.S. Silica (SLCA), Ferroglobe (GSM), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and (RVM) (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 FMR LLC (3.88%), Itau Unibanco Holding S.A. (3.70%), Fisher Asset Management LLC (2.95%), Price T Rowe Associates Inc. MD (2.41%), Bank of New York Mellon Corp (1.33%) and Clearbridge Investments LLC (1.15%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Harry M Iv Conger, 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 Bank of New York Mellon Corp, Janus Henderson Group PLC, Brandywine Global Investment Management LLC, Letko Brosseau & Associates Inc., Public Sector Pension Investment Board, Clearbridge Investments LLC, Marathon Asset Management LLP, and Cibc World Markets Corp. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, 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 bought by a variety of institutional investors in the last quarter, including Itau Unibanco Holding S.A., Price T Rowe Associates Inc. MD, FMR LLC, Morgan Stanley, Fisher Asset Management LLC, Primecap Management Co. CA, Ninety One UK Ltd, and Wells Fargo & Company MN. Company insiders that have bought Freeport-McMoRan stock in the last two years include John Joseph Stephens, Kathleen L Quirk, and Richard C Adkerson.
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.
Compare Top Brokerages Here.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $35.18.

How much money does Freeport-McMoRan make?

Freeport-McMoRan has a market capitalization of $51.31 billion and generates $14.40 billion in revenue each year. The natural resource company earns $-239,000,000.00 in net income (profit) each year or $0.02 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan employs 27,500 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]


This page was last updated on 3/2/2021 by MarketBeat.com Staff
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