About Freeport-McMoRan (NYSE:FCX)
Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
Industry, Sector and Symbol
Industry Integrated Mining
Sub-IndustryDiversified Metals & Mining
Trailing P/E Ratio15.6083333333333
Forward P/E Ratio8.11
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales1.65
Cash Flow$2.31 per share
Price / Cash8.10
Book Value$7.80 per share
Price / Book2.40
Net Income$1.82 billion
Return on Equity16.57%
Return on Assets4.59%
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 were Freeport-McMoRan's earnings last quarter?
Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings results on Thursday, January, 25th. The natural resource company reported $0.51 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.02. The natural resource company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.89 billion. Freeport-McMoRan had a return on equity of 16.57% and a net margin of 11.08%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. View Freeport-McMoRan's Earnings History.
When will Freeport-McMoRan make its next earnings announcement?
Where is Freeport-McMoRan's stock going? Where will Freeport-McMoRan's stock price be in 2018?
18 brokers have issued 1-year price objectives for Freeport-McMoRan's stock. Their predictions range from $10.40 to $22.00. On average, they expect Freeport-McMoRan's stock price to reach $16.49 in the next twelve months. View Analyst Ratings for Freeport-McMoRan.
What are Wall Street analysts saying about Freeport-McMoRan stock?
Here are some recent quotes from research analysts about Freeport-McMoRan stock:
- 1. According to Zacks Investment Research, "Freeport is taking actions to cut mining costs which should lend support to its margins. The company should also gain from efforts to de-leverage its balance sheet. It is also conducting exploration activities near its existing mines with a focus to expand reserves that will support additional future production capacity. However, Freeport’s copper business remains affected by supply-related issues and slowdown in China. Moreover, the company still faces uncertainties surrounding the Grasberg mine. It is also exposed to a volatile copper pricing environment." (1/9/2018)
- 2. FBR & Co analysts commented, "Over the weekend, another deadline has come and gone in Freeport's negotiations with the Government of Indonesia. The lack of any apparent material progress over the course of this year (and prior) leads us to believe that either a sale and/or arbitration are increasingly the most likely outcome in the prolonged dispute. We believe that either path holds additional risks for Freeport. The more favorable scenarios in which Freeport could continue to export concentrates while negotiations continue or a 'grand solution' appear less likely now. In our opinion, an argument that a sale might be the best outcome for Freeport is an acknowledgment that the company has few good options to choose from. We are concerned that if discussions move towards a sale process, investors will be paying close attention to the risk of value leakage, given the unique regulatory circumstances in Indonesia. Major questions would include how Freeport's assets are valued and how quickly Freeport divests, among others. Freeport can choose to go to arbitration around June/July of this year, which may be a catalyst for a mutually acceptable exit from Indonesia." (3/28/2017)
- 3. Jefferies Group LLC analysts commented, "Despite extensive negotiations, Freeport and Indonesia have made little progress regarding conversion of Freeport's COW to an IUPK, local ownership of PT-FI, smelter development, and long-term mining rights. Grasberg is operating at a reduced rate, and the FCX investment case depends on a resolution to the dispute. In this report, we include a detailed analysis of Freeport's options and conclude that a sale of its stake in Grasberg may be best." (3/28/2017)
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a increase in short interest in the month of January. As of January 12th, there was short interest totalling 35,403,621 shares, an increase of 13.8% from the December 29th total of 31,119,958 shares. Based on an average trading volume of 20,812,136 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.5% of the company's shares are short sold.
Who are some of Freeport-McMoRan's key competitors?
Some companies that are related to Freeport-McMoRan include Anglo American (AAL), Teck Resources (TECK), Fresnillo (FRES), Turquoise Hill Resources (TRQ), KAZ Minerals (KAZ), Polymetal International (POLY), Yamana Gold (AUY), Nexa Resources (NEXA), Vedanta Resources (VED), New Gold (NGD), Pretium Resources (PVG), MAG Silver (MAG), McEwen Mining (MUX), Fortuna Silver Mines (FSM), Seabridge Gold (SA), Dorchester Minerals (DMLP), SolGold (SOLG) and Polymet Mining (PLM).
Who are Freeport-McMoRan's key executives?
Freeport-McMoRan's management team includes the folowing people:
- Richard C. Adkerson, Vice Chairman of the Board, President, Chief Executive Officer (Age 70)
- Kathleen L. Quirk, Chief Financial Officer, Executive Vice President, Treasurer (Age 53)
- Harry M. Conger IV, President and Chief Operating Officer - Americas (Age 61)
- Michael J. Arnold, Executive Vice President, Chief Administrative Officer (Age 64)
- Gerald J. Ford, Independent Non-Executive Chairman of the Board (Age 72)
- Lydia H. Kennard, Independent Director (Age 62)
- Andrew Langham, Independent Director (Age 43)
- Jon C. Madonna, Independent Director (Age 73)
- Courtney R. Mather, Independent Director (Age 40)
Who owns Freeport-McMoRan stock?
Freeport-McMoRan's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include
ICAHN CARL C
(4.14%), Clearbridge Investments LLC (2.79%), Bank of New York Mellon Corp (1.80%), Geode Capital Management LLC (1.03%), TIAA CREF Investment Management LLC (0.67%) and BT Investment Management Ltd (0.55%). 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.
Who sold Freeport-McMoRan stock? Who is selling Freeport-McMoRan stock?
Freeport-McMoRan's stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, First Quadrant L P CA, Teachers Advisors LLC, The Manufacturers Life Insurance Company , Gamco Investors INC. ET AL, Geode Capital Management LLC, Hodges Capital Management Inc. and Metropolitan Life Insurance Co. NY. View Insider Buying and Selling for Freeport-McMoRan.
Who bought Freeport-McMoRan stock? Who is buying Freeport-McMoRan stock?
Freeport-McMoRan's stock was bought by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Prince Street Capital Management LLC, Renaissance Technologies LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, First Trust Advisors LP and Exane Derivatives. 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 Freeport-McMoRan stock?
Shares of Freeport-McMoRan 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 Freeport-McMoRan stock can currently be purchased for approximately $18.73.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $27.16 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 $1.20 on an earnings per share basis. Freeport-McMoRan employs 30,000 workers across the globe.
How can I contact Freeport-McMoRan?
Freeport-McMoRan's mailing address is 333 N Central Ave, PHOENIX, AZ 85004-2121, United States. The natural resource company can be reached via phone at +1-602-3668100 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Freeport-McMoRan (NYSE:FCX) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.06||2.16||2.12||1.93|
|Ratings Breakdown: ||3 Sell Rating(s)|
11 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
12 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
11 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
10 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$16.49||$16.08||$15.69||$13.86|
|Price Target Upside: ||6.55% downside||18.68% downside||7.64% upside||2.07% downside|
Freeport-McMoRan (NYSE:FCX) Consensus Price Target History
Freeport-McMoRan (NYSE:FCX) Analyst Ratings History
(Data available from 2/17/2016 forward)
Freeport-McMoRan (NYSE:FCX) Earnings History and Estimates Chart
Freeport-McMoRan (NYSE FCX) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018||Q4 2017||$0.49||$0.51||$4.89 billion||$5.04 billion||View||Listen|
|10/25/2017||Q3 2017||$0.31||$0.34||$4.06 billion||$4.31 billion||View||N/A|
|7/25/2017||Q2 17||$0.21||$0.17||$3.67 billion||$3.71 billion||View||N/A|
|4/25/2017||Q1 17||$0.16||$0.15||$3.51 billion||$3.34 billion||View||N/A|
|1/25/2017||Q416||$0.33||$0.25||$4.34 billion||$4.38 billion||View||N/A|
|10/25/2016||Q316||$0.19||$0.13||$3.95 billion||$3.88 billion||View||Listen|
|7/26/2016||Q216||($0.01)||($0.02)||$3.70 billion||$3.33 billion||View||Listen|
|4/26/2016||Q116||($0.17)||($0.16)||$3.52 billion||$3.53 billion||View||Listen|
|1/26/2016||Q415||($0.17)||($0.02)||$3.89 billion||$3.80 billion||View||Listen|
|10/22/2015||Q315||($0.08)||($0.15)||$3.96 billion||$3.68 billion||View||Listen|
|7/23/2015||Q215||$0.07||$0.14||$4.30 billion||$4.25 billion||View||Listen|
|4/23/2015||Q115||($0.07)||($0.06)||$4.06 billion||$4.15 billion||View||N/A|
|1/27/2015||Q414||$0.35||$0.25||$4.93 billion||$5.24 billion||View||N/A|
|10/28/2014||Q314||$0.61||$0.64||$5.65 billion||$5.70 billion||View||Listen|
|7/23/2014||Q214||$0.49||$0.58||$5.24 billion||$5.52 billion||View||N/A|
|4/24/2014||Q114||$0.41||$0.49||$5.01 billion||$4.99 billion||View||Listen|
|1/22/2014||Q413||$0.81||$0.84||$6.39 billion||$5.90 billion||View||Listen|
|10/22/2013||Q313||$0.62||$0.79||$5.68 billion||$6.17 billion||View||Listen|
|7/23/2013||Q2 2013||$0.41||$0.49||$4.28 billion||$4.29 billion||View||N/A|
|4/18/2013||Q1 2013||$0.81||$0.68||$4.76 billion||$4.58 billion||View||Listen|
|1/22/2013||Q4 2012||$0.72||$0.74||$4.48 billion||$4.51 billion||View||Listen|
Freeport-McMoRan (NYSE:FCX) Earnings Estimates
2018 EPS Consensus Estimate: $1.62
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Freeport-McMoRan (NYSE:FCX) Dividend Information
|Most Recent Dividend:||11/2/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Freeport-McMoRan (NYSE:FCX) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Freeport-McMoRan (NYSE FCX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.29%
Institutional Ownership Percentage: 68.39%
Freeport-McMoRan (NYSE FCX) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/31/2018||C Donald Whitmire Jr||VP||Sell||21,500||$19.49||$419,035.00||70,239|| |
|9/7/2017||Harry M Iv Conger||COO||Buy||36,180||$15.23||$551,021.40||73,943|| |
|8/21/2017||C Donald Whitmire Jr||VP||Sell||1,050||$14.70||$15,435.00||60,239|| |
|2/16/2017||C Donald Whitmire Jr||VP||Sell||2,525||$15.22||$38,430.50||60,989|| |
|2/16/2017||Harry M Iv Conger||COO||Sell||77,500||$15.24||$1,181,100.00||37,763|| |
|2/9/2017||C Donald Whitmire Jr||VP||Sell||57,620||$15.42||$888,500.40||64,896|| |
|2/1/2017||Jon C/ Madonna||Director||Sell||14,000||$16.61||$232,540.00||61,080|| |
|10/27/2016||Courtney Mather||Director||Buy||150,000||$10.72||$1,608,000.00||65,523|| |
|9/4/2015||James C Flores||Vice Chairman||Buy||2,200,000||$9.70||$21,340,000.00||4,332,934|| |
|8/28/2015||James R Moffett||Chairman||Buy||100,000||$10.57||$1,057,000.00||300,000|| |
|8/18/2015||Gerald J Ford||Director||Buy||1,000,000||$9.94||$9,940,000.00|| |
|6/3/2015||James C Flores||Vice Chairman||Buy||60,000||$20.52||$1,231,200.00|| |
|12/12/2014||Michael J Arnold||CAO||Buy||50,000||$22.15||$1,107,500.00|| |
|12/11/2014||James C Flores||Chairman||Buy||500,000||$23.60||$11,800,000.00|| |
|5/28/2014||Robert Day||Director||Sell||186,000||$33.77||$6,281,220.00|| |
|5/7/2014||H Devon Graham, Jr.||Director||Sell||1,890||$34.06||$64,373.40||44,600|| |
|11/7/2013||J Bennett Johnston||Director||Buy||20,000||$36.72||$734,400.00||140,085|| |
|11/4/2013||J Bennett Johnston||Director||Buy||18,900||$37.13||$701,757.00|| |
|10/25/2013||James C Flores||Chairman||Buy||1,500,000||$37.45||$56,175,000.00|| |
|8/2/2013||Gerald Ford||Director||Buy||1,000,000||$29.18||$29,180,000.00||141,224|| |
|8/1/2013||Bobby Lee Lackey||Director||Buy||1,800||$29.09||$52,362.00||41,442|| |
|7/30/2013||James R Moffett||Chairman||Buy||1,000,000||$28.53||$28,530,000.00|| |
|7/26/2013||J Taylor Wharton||Director||Sell||9,416||$28.61||$269,391.76|| |
|7/26/2013||James C Flores||Chairman||Buy||517,350||$28.65||$14,822,077.50|| |
|6/3/2013||James C Flores||Chairman||Buy||1,100,000||$31.17||$34,287,000.00|| |
|3/1/2013||J Bennett Johnston||Director||Buy||16,000||$31.48||$503,680.00|| |
Freeport-McMoRan (NYSE FCX) News Headlines
Freeport-McMoRan (NYSE:FCX) SEC Filings
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Freeport-McMoRan (NYSE:FCX) Income Statement, Balance Sheet and Cash Flow Statement
Freeport-McMoRan (NYSE FCX) Stock Chart for Saturday, February, 17, 2018