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

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$11.96 +0.42 (+3.64 %)
(As of 11/16/2018 07:16 AM ET)
Previous Close$11.54
Today's Range$11.51 - $12.1750
52-Week Range$10.59 - $20.25
Volume23.69 million shs
Average Volume21.08 million shs
Market Capitalization$16.30 billion
P/E Ratio10.22
Dividend Yield1.78%
Beta2.4
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.

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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 Ratio10.22
Forward P/E Ratio6.99
P/E GrowthN/A

Sales & Book Value

Annual Sales$16.40 billion
Price / Sales1.06
Cash Flow$2.5179 per share
Price / Cash4.75
Book Value$9.28 per share
Price / Book1.29

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 Shares1,449,000,000
Market Cap$16.30 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. Investors of record on Monday, October 15th will be paid a dividend of $0.05 per share on Thursday, November 1st. This represents a $0.20 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, October 12th. 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 Wednesday, October, 24th. The natural resource company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.02. The natural resource company earned $4.91 billion during the quarter, compared to analysts' expectations of $4.50 billion. Freeport-McMoRan had a net margin of 15.80% and a return on equity of 22.63%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. 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 Thursday, January 24th 2019. View Earnings Estimates for Freeport-McMoRan.

What price target have analysts set for FCX?

19 analysts have issued 12-month target prices for Freeport-McMoRan's stock. Their predictions 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 39.7% 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 stories about FCX stock have trended neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of 0.1 on InfoTrie's scale. They also gave headlines about the natural resource company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 31,221,076 shares, an increase of 23.8% from the October 15th total of 25,228,898 shares. Based on an average trading volume of 24,803,444 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.2% 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?

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 BlackRock Inc. (7.06%), Capital Research Global Investors (4.65%), Fisher Asset Management LLC (2.23%), Bank of New York Mellon Corp (1.71%), FMR LLC (1.12%) and Dimensional Fund Advisors LP (0.97%). 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 bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, BlackRock Inc., Panagora Asset Management Inc., Renaissance Technologies LLC, Janus Henderson Group PLC, Ashler Capital LLC, State of New Jersey Common Pension Fund D and Robeco Institutional Asset Management B.V.. 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 $11.96.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $16.30 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?

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:  879 (Vote Outperform)
Underperform Votes:  803 (Vote Underperform)
Total Votes:  1,682
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 11/16/2018 by MarketBeat.com Staff

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