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
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
SymbolNYSE:FCX
CUSIP35671D85
Phone602-366-8100
Debt
Debt-to-Equity Ratio0.93
Current Ratio2.33
Quick Ratio1.43
Price-To-Earnings
Trailing P/E Ratio14.05
Forward P/E Ratio8.06
P/E GrowthN/A
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales1.45
Cash Flow$2.3792 per share
Price / Cash6.91
Book Value$7.82 per share
Price / Book2.10
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins12.72%
Return on Equity19.92%
Return on Assets5.83%
Miscellaneous
Employees25,200
Outstanding Shares1,448,790,000
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 announced a quarterly dividend on Wednesday, March 28th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.05 per share on Tuesday, May 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, April 12th. View Freeport-McMoRan's Dividend History.
How were Freeport-McMoRan's earnings last quarter?
Freeport-McMoRan Inc (NYSE:FCX) released its quarterly earnings data on Tuesday, April, 24th. The natural resource company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by $0.10. The natural resource company earned $4.87 billion during the quarter, compared to analysts' expectations of $4.92 billion. Freeport-McMoRan had a net margin of 12.72% and a return on equity of 19.92%. The firm's quarterly revenue was up 45.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS. View Freeport-McMoRan's Earnings History.
When is Freeport-McMoRan's next earnings date?
What price target have analysts set for FCX?
20 equities research analysts have issued 1-year price targets for Freeport-McMoRan's stock. Their forecasts range from $12.00 to $25.00. On average, they anticipate Freeport-McMoRan's share price to reach $18.0278 in the next twelve months. View Analyst Ratings for Freeport-McMoRan.
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a drop in short interest in May. As of May 31st, there was short interest totalling 23,486,112 shares, a drop of 11.7% from the May 15th total of 26,603,535 shares. Based on an average trading volume of 16,087,203 shares, the short-interest ratio is presently 1.5 days. Currently, 1.6% 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 BHP Billiton (BHP), Rio Tinto plc ADR Common Stock (RIO), Vale (VALE), Southern Copper (SCCO), GMK Noril'skiy nikel' PAO (GDR) (NILSY), SOUTH32 Ltd/S (SOUHY), First Quantum Minerals (FQVLF), FORTESCUE METAL/S (FSUGY), Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), Compania de Minas Buenaventura SAA (BVN), Cleveland-Cliffs (CLF), Vedanta Resources (VDNRF), Centamin (CELTF) 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)
Has Freeport-McMoRan been receiving favorable news coverage?
News headlines about FCX stock have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Freeport-McMoRan earned a coverage optimism score of 0.13 on Accern's scale. They also gave news headlines about the natural resource company an impact score of 47.24 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Freeport-McMoRan's major shareholders?
Freeport-McMoRan's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Icahn Carl C (3.46%), Northern Trust Corp (1.28%), Dimensional Fund Advisors LP (0.95%), Prudential Financial Inc. (0.82%), Sound Shore Management Inc. CT (0.52%) and Letko Brosseau & Associates Inc. (0.50%). 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 Icahn Carl C, State of New Jersey Common Pension Fund D, Pendal Group Ltd, The Manufacturers Life Insurance Company, Franklin Resources Inc., Manning & Napier Group LLC, Quadrature Capital Ltd and Letko Brosseau & Associates Inc.. 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 OppenheimerFunds Inc., Point72 Asset Management L.P., Mackay Shields LLC, Capital Growth Management LP, Sound Shore Management Inc. CT, Natixis, Inverness Counsel LLC NY and Eaton Vance Management. Company insiders that have bought Freeport-McMoRan stock in the last two years include Courtney Mather and Harry M Iv Conger. 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 $16.44.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $23.70 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.
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 (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.
