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NYSE:FCXFreeport-McMoRan Stock Price, Forecast & News

$9.75
+0.41 (+4.39 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$9.44
Now: $9.75
$9.91
50-Day Range
$7.41
MA: $8.64
$9.34
52-Week Range
$4.82
Now: $9.75
$13.64
Volume23.75 million shs
Average Volume20.88 million shs
Market Capitalization$14.16 billion
P/E RatioN/A
Dividend Yield1.61%
Beta2.24
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.34 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
CUSIP35671D85
Phone602-366-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$14.40 billion
Cash Flow$1.04 per share
Book Value$12.05 per share

Profitability

Net Income$-239,000,000.00

Miscellaneous

Employees27,500
Outstanding Shares1,451,970,000
Market Cap$14.16 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

How has Freeport-McMoRan's stock been impacted by COVID-19 (Coronavirus)?

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 20.1% and is now trading at $9.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Freeport-McMoRan?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Freeport-McMoRan.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Freeport-McMoRan.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings data on Friday, April, 24th. The natural resource company reported ($0.16) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.18) by $0.02. The natural resource company earned $2.80 billion during the quarter, compared to the consensus estimate of $2.98 billion. Freeport-McMoRan had a negative return on equity of 1.55% and a negative net margin of 5.05%. The company's quarterly revenue was down 26.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. View Freeport-McMoRan's earnings history.

How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan?

Freeport-McMoRan announced a quarterly dividend on Wednesday, December 18th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.05 per share on Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, January 14th. View Freeport-McMoRan's dividend history.

What price target have analysts set for FCX?

18 Wall Street analysts have issued 12 month price objectives for Freeport-McMoRan's stock. Their forecasts range from $8.60 to $19.00. On average, they anticipate Freeport-McMoRan's share price to reach $12.58 in the next year. This suggests a possible upside of 29.0% from the stock's current price. View analysts' price targets for Freeport-McMoRan.

Has Freeport-McMoRan been receiving favorable news coverage?

News headlines about FCX stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Freeport-McMoRan earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news coverage about the natural resource company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutFreeport-McMoRan.

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 Bank of America (BAC), Micron Technology (MU), Apollo Commercial Real Est. Finance (ARI), General Electric (GE), Alibaba Group (BABA), Intel (INTC), AT&T (T), NVIDIA (NVDA), Cisco Systems (CSCO) and Puma Biotechnology (PBYI).

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:
  • Richard C. Adkerson, Vice Chairman, President & Chief Executive Officer
  • Harry Milton Conger, President & Chief Operating Officer-Americas
  • Kathleen L. Quirk, Chief Financial Officer, Treasurer & Executive VP
  • C. Donald Whitmire, Vice President & Controller-Financial Reporting
  • David P. Joint, Director-Investor Relations

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 investors include Capital Research Global Investors (4.75%), State Street Corp (4.43%), Fisher Asset Management LLC (2.64%), Franklin Resources Inc. (2.05%), Clearbridge Investments LLC (1.69%) and Geode Capital Management LLC (1.56%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger, 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 Capital Research Global Investors, Ruffer LLP, Nuveen Asset Management LLC, Crake Asset Management LLP, Contrarius Investment Management Ltd, Victory Capital Management Inc., Victory Capital Management Inc., and Duquesne Family Office LLC. View insider buying and selling activity 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 Franklin Resources Inc., Menora Mivtachim Holdings LTD., Van ECK Associates Corp, Morgan Stanley, Morgan Stanley, Key Square Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, and Hexavest Inc.. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $9.75.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $14.16 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. Freeport-McMoRan employs 27,500 workers across the globe.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is www.fcx.com.

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 6/3/2020 by MarketBeat.com Staff

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