Freeport-McMoRan Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Freeport-McMoRan stock.
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Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Freeport-McMoRan.

Freeport-McMoRan Inc. (NYSE:FCX) issued its quarterly earnings results on Thursday, July, 22nd. The natural resource company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The natural resource company earned $5.75 billion during the quarter, compared to analyst estimates of $5.83 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 15.07% and a net margin of 14.98%. Freeport-McMoRan's revenue was up 88.2% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS.
View Freeport-McMoRan's earnings history.

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 (WHO). Since then, FCX shares have increased by 373.8% and is now trading at $38.47.
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Freeport-McMoRan announced a quarterly dividend on Wednesday, June 23rd. Shareholders of record on Thursday, July 15th will be paid a dividend of $0.075 per share on Monday, August 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, July 14th.
View Freeport-McMoRan's dividend history.

Freeport-McMoRan pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.82%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 7.63% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

16 equities research analysts have issued twelve-month price targets for Freeport-McMoRan's shares. Their forecasts range from $17.00 to $60.00. On average, they anticipate Freeport-McMoRan's stock price to reach $38.06 in the next year. This suggests that the stock has a possible downside of 1.1%.
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233 employees have rated Freeport-McMoRan CEO Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among Freeport-McMoRan's employees.

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Materion (MTRN), Ferroglobe (GSM), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and (RVM) (RVM).
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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 many different retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.22%), TCW Group Inc. (0.12%), Oregon Public Employees Retirement Fund (0.04%), Marathon Asset Management LLP (0.04%), Brookstone Capital Management (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, Gerald J Ford, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
View institutional ownership trends for Freeport-McMoRan.

FCX stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Compagnie Lombard Odier SCmA, Marathon Asset Management LLP, State of Alaska Department of Revenue, XR Securities LLC, Mizuho Markets Cayman LP, Cumberland Advisors Inc., and DAVENPORT & Co LLC. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, Gerald J Ford, Kathleen L Quirk, and Richard C Adkerson.
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FCX stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Oregon Public Employees Retirement Fund, Brookstone Capital Management, Symmetry Investments LP, Transform Wealth LLC, Usca Ria LLC, IFM Investors Pty Ltd, and Aptus Capital Advisors LLC.
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Shares of FCX 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 $38.47.

Freeport-McMoRan has a market capitalization of $56.38 billion and generates $14.20 billion in revenue each year. The natural resource company earns $599 million in net income (profit) each year or $0.54 on an earnings per share basis.

Freeport-McMoRan employs 24,500 workers across the globe.

Freeport-McMoRan was founded in 1987.

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

Freeport-McMoRan is headquartered at 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004.

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]