Freeport-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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
Current SymbolNYSE:FCX
Previous Symbol
CUSIP35671D85
Phone602-366-8100
Debt
Debt-to-Equity Ratio0.83
Current Ratio2.84
Quick Ratio1.78
Price-To-Earnings
Trailing P/E Ratio9.05
Forward P/E Ratio6.27
P/E GrowthN/A
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales0.94
Cash Flow$2.3691 per share
Price / Cash Flow4.47
Book Value$7.82 per share
Price / Book1.35
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins15.80%
Return on Equity22.63%
Return on Assets7.53%
Miscellaneous
Employees25,200
Outstanding Shares1,449,030,000
Market Cap$15.32 billion
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, September 26th. Stockholders of record on Monday, October 15th will be given a dividend of $0.05 per share on Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, October 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, October, 24th. The natural resource company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.02. The natural resource company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.50 billion. Freeport-McMoRan had a net margin of 15.80% and a return on equity of 22.63%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. View Freeport-McMoRan's Earnings History.
When is Freeport-McMoRan's next earnings date?
What price target have analysts set for FCX?
19 Wall Street analysts have issued 12 month price targets 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 $16.7056 in the next year. This suggests a possible upside of 57.7% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.
What is the consensus analysts' recommendation for Freeport-McMoRan?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 3 sell ratings, 10 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?
News headlines about FCX stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Freeport-McMoRan earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned media stories about the natural resource company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 35,395,036 shares, an increase of 13.1% from the November 15th total of 31,292,463 shares. Based on an average daily trading volume, of 17,636,546 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.5% of the company's stock are sold short. View Freeport-McMoRan's Current Options Chain.
Who are some of Freeport-McMoRan's key competitors?
Some companies that are related to Freeport-McMoRan include Rio Tinto (RIO), GMK Noril'skiy nikel' PAO (GDR) (NILSY), Southern Copper (SCCO), Anglo American (NGLOY), SOUTH32 Ltd/S (SOUHY), FORTESCUE METAL/S (FSUGY), First Quantum Minerals (FQVLF), Compania de Minas Buenaventura SAA (BVN), Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), VEDA RESO/PAR VTG FPD 0.1 (VDNRF), EXXARO RESOURCE/S (EXXAY), Cleveland-Cliffs (CLF), IMPALA PLATINUM/S (IMPUY) and Nexa Resources (NEXA).
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)
Who are Freeport-McMoRan's major shareholders?
Freeport-McMoRan's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.68%), Vanguard Group Inc (10.68%), BlackRock Inc. (7.06%), Capital Research Global Investors (4.65%), Clearbridge Investments LLC (2.30%) and Fisher Asset Management LLC (2.23%). 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 Capital Research Global Investors, FMR LLC, AQR Capital Management LLC, Pendal Group Ltd, Franklin Resources Inc., Point72 Asset Management L.P., Iridian Asset Management LLC CT and Bank of New York Mellon Corp. 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 major investors are buying Freeport-McMoRan stock?
FCX stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, BlackRock Inc., Vanguard Group Inc, Vanguard Group Inc., Marshall Wace LLP, Panagora Asset Management Inc., Renaissance Technologies LLC and Janus Henderson Group PLC. 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 $10.59.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $15.32 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.
What is Freeport-McMoRan's official website?
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)
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.
