NYSE:FCX - Freeport-McMoRan Stock Price, News, Headlines & Rumors

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$13.53 -1.27 (-8.58 %)
(As of 08/15/2018 02:25 PM ET)
Previous Close$14.35
Today's Range$13.28 - $14.35
52-Week Range$13.22 - $20.25
Volume1.41 million shs
Average Volume18.13 million shs
Market Capitalization$21.89 billion
P/E Ratio11.91
Dividend Yield1.32%
Beta2.46
Freeport-McMoRan logoFreeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. 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 and El Abra mines in South America. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the Gulf of Mexico shelf and oil production offshore California. As of December 31, 2017, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 86.7 billion pounds of copper, 23.5 million ounces of gold, and 2.84 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 10.1 million barrels of oil equivalents. 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
SymbolNYSE:FCX
CUSIP35671D85
Phone602-366-8100

Debt

Debt-to-Equity Ratio0.87
Current Ratio2.72
Quick Ratio1.62

Price-To-Earnings

Trailing P/E Ratio11.91
Forward P/E Ratio6.94
P/E GrowthN/A

Sales & Book Value

Annual Sales$16.40 billion
Price / Sales1.20
Cash Flow$2.1207 per share
Price / Cash6.38
Book Value$7.82 per share
Price / Book1.73

Profitability

EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins14.87%
Return on Equity24.01%
Return on Assets7.50%

Miscellaneous

Employees25,200
Outstanding Shares1,448,790,000
Market Cap$21.89 billion

Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

What is Freeport-McMoRan's stock symbol?

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

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

Freeport-McMoRan declared a quarterly dividend on Wednesday, June 27th. Shareholders of record on Friday, July 13th will be paid a dividend of $0.05 per share on Wednesday, August 1st. This represents a $0.20 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, July 12th. View Freeport-McMoRan's Dividend History.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) released its earnings results on Wednesday, July, 25th. The natural resource company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The natural resource company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.97 billion. Freeport-McMoRan had a return on equity of 24.01% and a net margin of 14.87%. The company's quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. View Freeport-McMoRan's Earnings History.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release their next quarterly earnings announcement on Wednesday, October, 24th 2018. View Earnings Estimates for Freeport-McMoRan.

What price target have analysts set for FCX?

20 brokerages have issued twelve-month price targets for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $24.00. On average, they anticipate Freeport-McMoRan's stock price to reach $18.0833 in the next year. This suggests a possible upside of 32.5% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.

What is the consensus analysts' recommendation for Freeport-McMoRan?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 11 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Freeport-McMoRan.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 22,871,029 shares, a decrease of 21.8% from the July 13th total of 29,238,375 shares. Based on an average daily trading volume, of 20,075,079 shares, the short-interest ratio is presently 1.1 days. Approximately 1.6% of the company's stock are short sold. View Freeport-McMoRan's Current Options Chain.

Who are some of Freeport-McMoRan's key competitors?

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the folowing people:
  • Mr. Richard C. Adkerson, Vice Chairman, Pres & CEO (Age 71)
  • Ms. Kathleen L. Quirk, Exec. VP, CFO & Treasurer (Age 54)
  • Mr. Michael J. Arnold, Exec. VP & Chief Admin. Officer (Age 65)
  • Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 62)
  • Mr. James R. Moffett Jr., Chairman Emeritus, Consultant & Member of Advisory Board (Age 80)

Has Freeport-McMoRan been receiving favorable news coverage?

News coverage about FCX stock has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Freeport-McMoRan earned a coverage optimism score of 0.13 on Accern's scale. They also assigned news coverage about the natural resource company an impact score of 46.45 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Freeport-McMoRan.

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (1.88%), FMR LLC (1.77%), Fisher Asset Management LLC (1.00%), Dimensional Fund Advisors LP (0.95%), Iridian Asset Management LLC CT (0.76%) and Sound Shore Management Inc. CT (0.59%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger and Jon C/ Madonna. 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 FMR LLC, Renaissance Technologies LLC, Los Angeles Capital Management & Equity Research Inc., Assenagon Asset Management S.A., Madison Investment Holdings Inc., Natixis, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Ardevora Asset Management LLP. View Insider Buying and Selling for Freeport-McMoRan.

Which major investors are buying Freeport-McMoRan stock?

FCX stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Iridian Asset Management LLC CT, Bank of New York Mellon Corp, Janus Henderson Group PLC, Chevy Chase Trust Holdings Inc., Sound Shore Management Inc. CT, CIBC World Markets Inc. and Toronto Dominion Bank. Company insiders that have bought Freeport-McMoRan stock in the last two years include Courtney Mather and Harry M Iv Conger. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $13.65.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $21.89 billion and generates $16.40 billion in revenue each year. The natural resource company earns $1.82 billion in net income (profit) each year or $1.17 on an earnings per share basis. Freeport-McMoRan employs 25,200 workers across the globe.

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]


MarketBeat Community Rating for Freeport-McMoRan (NYSE FCX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  803 (Vote Outperform)
Underperform Votes:  766 (Vote Underperform)
Total Votes:  1,569
MarketBeat's community ratings are surveys of what our community members think about Freeport-McMoRan and other stocks. Vote "Outperform" if you believe FCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/15/2018 by MarketBeat.com Staff

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