Freeport-McMoRan - FCX Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FCX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCX, but not buy additional shares or sell existing shares.
View FCX analyst ratings or view top-rated stocks.

17 analysts have issued 12 month price targets for Freeport-McMoRan's stock. Their FCX share price forecasts range from $24.00 to $65.00. On average, they expect the company's stock price to reach $42.00 in the next year. This suggests a possible upside of 57.4% from the stock's current price.
View analysts price targets for FCX or view top-rated stocks among Wall Street analysts.

Freeport-McMoRan's stock was trading at $41.73 on January 1st, 2022. Since then, FCX shares have decreased by 36.1% and is now trading at $26.68.
View the best growth stocks for 2022 here.

Freeport-McMoRan saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 29,460,000 shares, an increase of 8.4% from the August 15th total of 27,180,000 shares. Based on an average daily volume of 20,060,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.1% of the shares of the company are short sold.
View Freeport-McMoRan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our FCX earnings forecast.

Freeport-McMoRan Inc. (NYSE:FCX) posted its quarterly earnings data on Thursday, July, 21st. The natural resource company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.89 by $0.31. The natural resource company earned $5.42 billion during the quarter, compared to analysts' expectations of $6.20 billion. Freeport-McMoRan had a net margin of 20.08% and a trailing twelve-month return on equity of 22.04%. The company's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS.
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Freeport-McMoRan declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 14th will be paid a dividend of $0.15 per share on Tuesday, November 1st. This represents a $0.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for FCX.

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 15.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

233 employees have rated Freeport-McMoRan Chief Executive Officer Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among the company's employees.

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 a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (8.28%), State Street Corp (4.50%), Northern Trust Corp (1.22%), Public Investment Fund (0.89%), Clearbridge Investments LLC (0.82%) and Amundi (0.75%). Insiders that own company stock include C Donald Whitmire Jr, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, John Joseph Stephens, Kathleen L Quirk, Richard C Adkerson, Ryan Michael Lance and Sara Grootwassink Lewis.
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Shares of FCX stock 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 $26.68.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $38.13 billion and generates $22.85 billion in revenue each year. The natural resource company earns $4.31 billion in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 24,700 workers across the globe.

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for the company is www.fcx.com. The natural resource company can be reached via phone at (602) 366-8100, via email at ir@fmi.com, or via fax at 504-582-1847.