NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$34.96
-0.19 (-0.54 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$34.45
$35.45
50-Day Range
$33.67
$44.80
52-Week Range
$10.40
$46.10
Volume46.25 million shs
Average Volume24.89 million shs
Market Capitalization$51.23 billion
P/E Ratio28.89
Dividend Yield0.85%
Beta2.15
30 days | 90 days | 365 days | Advanced Chart
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Freeport-McMoRan logo

About Freeport-McMoRan

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, 2020, it operated approximately 165 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.

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MarketRank

Overall MarketRank

2.53 out of 5 stars

Basic Materials Sector

10th out of 887 stocks

Metal Mining Industry

1st out of 91 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 4.4 5 -4 -3 -2 -1 -
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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 7 hold ratings, 10 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 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 decrease in short interest in May. As of May 28th, there was short interest totaling 24,470,000 shares, a decrease of 13.9% from the May 13th total of 28,430,000 shares. Based on an average daily volume of 23,060,000 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company's stock 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 Thursday, July 22nd 2021.
View our earnings forecast for Freeport-McMoRan
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) released its quarterly earnings results on Thursday, April, 22nd. The natural resource company reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.51. The natural resource company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.74 billion. Freeport-McMoRan had a net margin of 11.13% and a trailing twelve-month return on equity of 9.85%. The company's revenue was up 73.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share.
View Freeport-McMoRan's earnings history
.

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

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FCX shares have increased by 330.5% and is now trading at $34.96.
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 Friday, March 19th. Investors of record on Thursday, April 15th will be given a dividend of $0.075 per share on Monday, May 3rd. This represents a $0.30 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, April 14th. This is a positive change from Freeport-McMoRan's previous quarterly dividend of $0.05.
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 0.85%. 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 7.26% 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?

18 brokerages have issued 12-month price targets for Freeport-McMoRan's shares. Their forecasts range from $14.00 to $60.00. On average, they anticipate Freeport-McMoRan's stock price to reach $32.33 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
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 $4.17M)
  • Ms. Kathleen Lynne Quirk, Pres & CFO (Age 57, Pay $2.13M)
  • Mr. Stephen T. Higgins, Sr. VP & Chief Admin. Officer
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 74)
  • 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)
  • Mr. Mark J. Johnson, Pres of Freeport-McMoRan Indonesia (Age 62)
  • 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?

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.38%), Fisher Asset Management LLC (3.04%), Geode Capital Management LLC (1.82%), Putnam Investments LLC (1.28%), Price T Rowe Associates Inc. MD (1.20%) and Northern Trust Corp (1.19%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
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 Price T Rowe Associates Inc. MD, Clearbridge Investments LLC, Franklin Resources Inc., Bank of New York Mellon Corp, Amundi Asset Management US Inc., Letko Brosseau & Associates Inc., Menora Mivtachim Holdings LTD., and Itau Unibanco Holding S.A.. 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 major investors are buying Freeport-McMoRan stock?

FCX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuveen Asset Management LLC, Ceredex Value Advisors LLC, Congress Asset Management Co. MA, Schroder Investment Management Group, Artemis Investment Management LLP, Scout Investments Inc., and Westwood Holdings Group Inc..
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 $34.96.

How much money does Freeport-McMoRan make?

Freeport-McMoRan has a market capitalization of $51.23 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]


This page was last updated on 6/19/2021 by MarketBeat.com Staff
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