NYSE:FCX - Freeport-McMoRan Stock Price, News, & Analysis

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$12.18 -0.74 (-5.73 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$12.18
Today's Range$12.11 - $12.76
52-Week Range$9.60 - $19.70
Volume20.82 million shs
Average Volume16.43 million shs
Market Capitalization$17.65 billion
P/E Ratio8.01
Dividend Yield1.55%
Beta2.27
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. 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 in Peru and El Abra in Chile. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and oil production offshore California. As of December 31, 2018, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 119.6 billion pounds of copper, 30.8 million ounces of gold, and 3.78 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 7.2 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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.63 billion
Cash Flow$2.5805 per share
Book Value$12.35 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees26,800
Outstanding Shares1,449,060,000
Market Cap$17.65 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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, December 19th. Shareholders of record on Tuesday, January 15th will be paid a dividend of $0.05 per share on Friday, February 1st. This represents a $0.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, January 14th. View Freeport-McMoRan's Dividend History.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) issued its quarterly earnings results on Thursday, January, 24th. The natural resource company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.07. The natural resource company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.86 billion. Freeport-McMoRan had a net margin of 12.12% and a return on equity of 15.77%. The firm's revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 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 Tuesday, April 23rd 2019. View Earnings Estimates for Freeport-McMoRan.

What price target have analysts set for FCX?

17 analysts have issued 12-month price objectives for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $24.00. On average, they anticipate Freeport-McMoRan's share price to reach $15.70 in the next year. This suggests a possible upside of 28.9% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 3 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Freeport-McMoRan.

Has Freeport-McMoRan been receiving favorable news coverage?

Media stories about FCX stock have trended somewhat negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Freeport-McMoRan earned a news impact score of -1.6 on InfoTrie's scale. They also gave news headlines about the natural resource company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a decline in short interest in February. As of February 28th, there was short interest totalling 34,213,112 shares, a decline of 20.7% from the February 15th total of 43,124,890 shares. Based on an average trading volume of 23,754,343 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.4% of the shares of the stock are sold short. View Freeport-McMoRan's Current Options Chain.

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), General Electric (GE), Intel (INTC), Alibaba Group (BABA), AT&T (T), Gilead Sciences (GILD), Citigroup (C), NVIDIA (NVDA) and Ford Motor (F).

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 72)
  • Ms. Kathleen L. Quirk, Exec. VP & CFO (Age 55)
  • Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 63)
  • Mr. James R. Moffett Jr., Chairman Emeritus, Consultant & Member of Advisory Board (Age 81)
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 72)

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (2.23%), Bank of New York Mellon Corp (1.56%), Geode Capital Management LLC (1.47%), Northern Trust Corp (1.42%), Dimensional Fund Advisors LP (1.05%) and Iridian Asset Management LLC CT (0.56%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather and Harry M Iv Conger. View Institutional Ownership Trends for Freeport-McMoRan.

Which institutional investors are selling Freeport-McMoRan stock?

FCX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Prudential Financial Inc., Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., First Quadrant L P CA, Manning & Napier Group LLC, Mackay Shields LLC and Nuveen Asset Management LLC. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr and Courtney Mather. View Insider Buying and Selling for Freeport-McMoRan.

Which institutional investors are buying Freeport-McMoRan stock?

FCX stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Brandywine Global Investment Management LLC, Two Sigma Investments LP, Two Sigma Advisers LP, Victory Capital Management Inc., Dimensional Fund Advisors LP, Northern Trust Corp and River & Mercantile Asset Management LLP. 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 $12.18.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $17.65 billion and generates $18.63 billion in revenue each year. The natural resource company earns $2.60 billion in net income (profit) each year or $1.52 on an earnings per share basis. Freeport-McMoRan employs 26,800 workers across the globe.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is http://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]


MarketBeat Community Rating for Freeport-McMoRan (NYSE FCX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  922 (Vote Outperform)
Underperform Votes:  844 (Vote Underperform)
Total Votes:  1,766
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 3/23/2019 by MarketBeat.com Staff

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