Freeport-McMoRan - FCX Stock Forecast, Price & News

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.

15 Wall Street analysts have issued 1 year 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 $41.00 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts price targets for FCX or view top-rated stocks among Wall Street analysts.

Freeport-McMoRan's stock was trading at $38.00 at the start of the year. Since then, FCX shares have increased by 13.6% and is now trading at $43.16.
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Freeport-McMoRan saw a increase in short interest during 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 trading volume, of 13,910,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.1% of the company's stock are sold short.
View Freeport-McMoRan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our FCX earnings forecast.

Freeport-McMoRan Inc. (NYSE:FCX) posted 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 earned $5.75 billion during 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%. Freeport-McMoRan's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share.
Read the conference call transcript.

Freeport-McMoRan declared a quarterly dividend on Wednesday, December 21st. Stockholders 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 dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, January 12th.
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 0.70%. 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 11.76% 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 institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (3.73%), Allspring Global Investments Holdings LLC (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), New York State Common Retirement Fund (0.23%), Keybank National Association OH (0.19%) and Pendal Group Ltd (0.18%). 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, 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 $43.16.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $61.69 billion and generates $22.78 billion in revenue each year. The natural resource company earns $3.47 billion in net income (profit) each year or $2.37 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.