Freeport-McMoran Company Profile (NYSE:FCX)

Freeport-McMoran trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCX."

Freeport-McMoran, Inc. (NYSE:FCX) issued its quarterly earnings data on Tuesday, July, 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by $0.04. The company earned $3.71 billion during the quarter, compared to analyst estimates of $3.67 billion. Freeport-McMoran had a return on equity of 10.45% and a net margin of 5.97%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. View Freeport-McMoran's Earnings History.

Freeport-McMoran is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Freeport-McMoran.

16 brokers have issued 1-year price objectives for Freeport-McMoran's stock. Their forecasts range from $10.40 to $22.00. On average, they expect Freeport-McMoran's share price to reach $15.69 in the next year. View Analyst Ratings for Freeport-McMoran.

Here are some recent quotes from research analysts about Freeport-McMoran stock:

• 1. According to Zacks Investment Research, "Freeport is taking actions to reduce mining costs and manage capital spending amid a still challenging operating environment. The company's cost-cutting actions should lend support to its margins in 2017. Freeport also remains actively focused on deleveraging its balance sheet, partly through assets sale. It is also conducting exploration activities near its existing mines with a focus on opportunities to expand reserves that will support the development of additional future production capacity." (10/10/2017)
• 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)
• 4. Barclays PLC analysts commented, "Hold FCX shares for now. We think that the market has bid up the stock to fair value in anticipation of a relatively quick resolution of the political overhang at Grasberg - and a view that any lingering production disruption will end up as a net positive, with FCX gaining more from a tighter copper market than it loses from a near-or-medium term reduction in output. Remember FCX is effectively a pure-play copper mining stock at this point, and at spot $2.65/lb as of this writing copper has outrun our 1Q17 /FY17 global forecasts of $2.40/lb and $2.48/lb, respectively." (1/30/2017)

Freeport-McMoran saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 39,143,379 shares, an increase of 15.0% from the August 31st total of 34,034,371 shares. Based on an average daily trading volume, of 19,459,606 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.7% of the company's stock are short sold.

Some companies that are related to Freeport-McMoran include Anglo American plc (AAL), Teck Resources Ltd (TECK), Fresnillo Plc (FRES), South32 Ltd (S32), Turquoise Hill Resources (TRQ), Polymetal International PLC (POLY), KAZ Minerals PLC (KAZ), Allegheny Technologies Incorporated (ATI), Yamana Gold (AUY), Vedanta Resources plc (VED), New Gold (NGD), New Gold (NGD), Pretium Resources (PVG), MAG Silver Corp (MAG), Seabridge Gold (SA), Fortuna Silver Mines (FSM), Northern Dynasty Minerals Ltd (NAK) and McEwen Mining (MUX).

Freeport-McMoran's management team includes the folowing people:

• Richard C. Adkerson, Vice Chairman of the Board, President, Chief Executive Officer
• Kathleen L. Quirk, Chief Financial Officer, Executive Vice President, Treasurer
• Harry M. Conger IV, President and Chief Operating Officer - Americas
• Michael J. Arnold, Executive Vice President, Chief Administrative Officer
• Gerald J. Ford, Independent Non-Executive Chairman of the Board
• Lydia H. Kennard, Independent Director
• Andrew Langham, Independent Director
• Jon C. Madonna, Independent Director
• Courtney R. Mather, Independent Director

Freeport-McMoran's stock is owned by many different of institutional and retail investors. Top institutional investors include Centre Asset Management LLC (0.02%) and Private Asset Management Inc. (0.00%). 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.

Freeport-McMoran's stock was sold by a variety of institutional investors in the last quarter, including Private Asset Management Inc.. Company insiders that have sold Freeport-McMoran stock in the last year include C Donald Whitmire Jr, Harry M Iv Conger and Jon C/ Madonna. View Insider Buying and Selling for Freeport-McMoran.

Freeport-McMoran's stock was purchased by a variety of institutional investors in the last quarter, including Centre Asset Management LLC. 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.

Shares of Freeport-McMoran can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Freeport-McMoran stock can currently be purchased for approximately $14.83.