Freeport-McMoRan - FCX Stock Forecast, Price & News

16 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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.

16 analysts have issued twelve-month target prices for Freeport-McMoRan's stock. Their FCX share price forecasts range from $23.00 to $65.00. On average, they expect the company's share price to reach $38.07 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for FCX or view top-rated stocks among Wall Street analysts.

Freeport-McMoRan's stock was trading at $41.73 at the beginning of 2022. Since then, FCX stock has decreased by 13.3% and is now trading at $36.19.
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Freeport-McMoRan saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 26,780,000 shares, a decline of 19.0% from the October 15th total of 33,070,000 shares. Based on an average daily volume of 16,500,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.9% of the shares of the stock are sold short.
View Freeport-McMoRan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our FCX earnings forecast.

Freeport-McMoRan Inc. (NYSE:FCX) announced its earnings results on Thursday, October, 20th. The natural resource company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.14. The natural resource company earned $5 billion during the quarter, compared to analyst estimates of $4.91 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 17.69% and a net margin of 16.72%. The business's revenue was down 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS.
Read the conference call transcript.

Freeport-McMoRan announced a quarterly dividend on Wednesday, September 21st. Investors of record on Friday, October 14th will be given a dividend of $0.15 per share on Tuesday, November 1st. This represents a $0.60 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for FCX.

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 18.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

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.

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).

Freeport-McMoRan trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCX."

Freeport-McMoRan's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.12%), State Street Corp (4.48%), Fisher Asset Management LLC (3.72%), Bank of New York Mellon Corp (1.29%), Diamond Hill Capital Management Inc. (0.97%) and Putnam Investments LLC (0.93%). Insiders that own company stock include C Donald Whitmire Jr, 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.
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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.
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One share of FCX stock can currently be purchased for approximately $36.19.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $51.73 billion and generates $22.85 billion in revenue each year. The natural resource company earns $4.31 billion in net income (profit) each year or $2.63 on an earnings per share basis.

The company employs 24,700 workers across the globe.

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.