NYSE:FCX Freeport-McMoRan Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Freeport-McMoRan Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.00 -0.03 (-0.18 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$16.94Now: $17.00▼$17.5050-Day Range$12.92MA: $14.86▼$17.0352-Week Range$4.82Now: $17.00▼$17.50Volume26.43 million shsAverage Volume25.08 million shsMarket Capitalization$24.69 billionP/E RatioN/ADividend Yield0.59%Beta2.37 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingFreeport-McMoRan has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 12 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.17, Freeport-McMoRan has a forecasted downside of 16.7% from its current price of $17.00.Amount of Analyst CoverageFreeport-McMoRan has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.6 Community Rank Outperform VotesFreeport-McMoRan has received 1,023 “outperform” votes. (Add your “outperform” vote.)Underperform VotesFreeport-McMoRan has received 943 “underperform” votes. (Add your “underperform” vote.)Community SentimentFreeport-McMoRan has received 52.03% “outperform” votes from our community.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. Previous Next 0.8 Dividend Strength Dividend YieldFreeport-McMoRan has a dividend yield of 0.59%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthFreeport-McMoRan does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Freeport-McMoRan is 500.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 7.04% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Freeport-McMoRan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Freeport-McMoRan is held by insiders.Percentage Held by Institutions69.59% of the stock of Freeport-McMoRan is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Freeport-McMoRan are expected to grow by 330.30% in the coming year, from $0.33 to $1.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Freeport-McMoRan is -42.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Freeport-McMoRan is -42.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioFreeport-McMoRan has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.72 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Metal mining Sub-IndustryDiversified Metals & Mining SectorBasic Materials Current SymbolNYSE:FCX Previous Symbol CUSIP35671D85 CIK831259 Webwww.fcx.com Phone602-366-8100Debt Debt-to-Equity Ratio0.57 Current Ratio2.46 Quick Ratio1.15Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio51.52 P/E GrowthN/A Sales & Book Value Annual Sales$14.40 billion Price / Sales1.71 Cash Flow$1.04 per share Price / Cash Flow16.27 Book Value$12.05 per share Price / Book1.41Profitability EPS (Most Recent Fiscal Year)$0.02 Net Income$-239,000,000.00 Net Margins-4.28% Return on Equity-0.98% Return on Assets-0.42%Miscellaneous Employees27,500 Outstanding Shares1,452,219,000Market Cap$24.69 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $17.00 -0.03 (-0.18 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive FCX News and Ratings via Email Sign-up to receive the latest news and ratings for FCX and its competitors with MarketBeat's FREE daily newsletter. Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions How has Freeport-McMoRan's stock 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 109.4% and is now trading at $17.00. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Freeport-McMoRan? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 7 hold ratings and 12 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, October 28th 2020. View our earnings forecast for Freeport-McMoRan. How were Freeport-McMoRan's earnings last quarter? Freeport-McMoRan Inc (NYSE:FCX) released its quarterly earnings data on Thursday, July, 23rd. The natural resource company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.06. The natural resource company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.06 billion. Freeport-McMoRan had a negative net margin of 4.28% and a negative return on equity of 0.98%. The business's quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. View Freeport-McMoRan's earnings history. How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan? Freeport-McMoRan declared a quarterly dividend on Wednesday, December 18th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share on Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, January 14th. View Freeport-McMoRan's dividend history. What price target have analysts set for FCX? 19 brokerages have issued twelve-month target prices for Freeport-McMoRan's shares. Their forecasts range from $11.50 to $19.00. On average, they anticipate Freeport-McMoRan's stock price to reach $14.17 in the next year. This suggests that the stock has a possible downside of 16.7%. View analysts' price targets for Freeport-McMoRan. Are investors shorting Freeport-McMoRan? Freeport-McMoRan saw a decline in short interest in August. As of August 14th, there was short interest totaling 35,970,000 shares, a decline of 18.2% from the July 30th total of 43,990,000 shares. Based on an average daily volume of 22,470,000 shares, the days-to-cover ratio is currently 1.6 days. View Freeport-McMoRan's Short Interest. Who are some of Freeport-McMoRan's key competitors? Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Materion (MTRN), SunCoke Energy (SXC), U.S. Silica (SLCA), Ferroglobe (GSM), United States Antimony (UAMY), General Moly (GMO) and Revett Mining Company, Inc. (DE) (RVM). View all 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), AT&T (T), General Electric (GE), Alibaba Group (BABA), Apollo Commercial Real Est. Finance (ARI), NVIDIA (NVDA), Cisco Systems (CSCO) and Gilead Sciences (GILD). Who are Freeport-McMoRan's key executives? Freeport-McMoRan's management team includes the following people: Richard C. Adkerson, Vice Chairman, President & Chief Executive OfficerHarry Milton Conger, President & Chief Operating Officer-AmericasKathleen L. Quirk, Chief Financial Officer, Treasurer & Executive VPC. Donald Whitmire, Vice President & Controller-Financial ReportingDavid 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.05%), Fisher Asset Management LLC (2.73%), Bank of New York Mellon Corp (1.81%), Nuveen Asset Management LLC (0.77%), FMR LLC (0.63%) and Menora Mivtachim Holdings LTD. (0.62%). 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 Ruffer LLP, Bridgeway Capital Management Inc., Hexavest Inc., Grantham Mayo Van Otterloo & Co. LLC, Cibc World Markets Corp, Toronto Dominion Bank, Canada Pension Plan Investment Board, and Gamco Investors INC. ET AL. View insider buying and selling activity 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 Polunin Capital Partners Ltd, FMR LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Crake Asset Management LLP, Neuberger Berman Group LLC, Platinum Investment Management Ltd., and Zweig DiMenna Associates LLC. 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 $17.00. How big of a company is Freeport-McMoRan? Freeport-McMoRan has a market capitalization of $24.69 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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