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

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$13.46 -0.19 (-1.39 %)
(As of 04/24/2019 04:59 AM ET)
Previous Close$13.65
Today's Range$13.26 - $13.69
52-Week Range$9.60 - $18.40
Volume17.74 million shs
Average Volume21.63 million shs
Market Capitalization$19.50 billion
P/E Ratio8.86
Dividend Yield1.47%
Beta2.26
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. 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 in Peru and El Abra in Chile. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and oil production offshore California. As of December 31, 2018, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 119.6 billion pounds of copper, 30.8 million ounces of gold, and 3.78 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 7.2 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

Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
CUSIP35671D85
Phone602-366-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.63 billion
Cash Flow$2.6289 per share
Book Value$12.35 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees26,800
Outstanding Shares1,449,058,000
Market Cap$19.50 billion
Next Earnings Date4/25/2019 (Confirmed)
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 Thursday, March 28th. Investors of record on Monday, April 15th will be paid a dividend of $0.05 per share on Wednesday, May 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, April 12th. View Freeport-McMoRan's Dividend History.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) announced its earnings results on Thursday, January, 24th. The natural resource company reported $0.11 EPS for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.07. The natural resource company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.86 billion. Freeport-McMoRan had a net margin of 12.12% and a return on equity of 15.77%. The business's revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. 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, April 25th 2019. View Earnings Estimates for Freeport-McMoRan.

How can I listen to Freeport-McMoRan's earnings call?

Freeport-McMoRan will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for FCX?

18 analysts have issued 1-year price objectives for Freeport-McMoRan's shares. Their forecasts range from $12.00 to $24.00. On average, they anticipate Freeport-McMoRan's stock price to reach $15.60 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.

What is the consensus analysts' recommendation for Freeport-McMoRan?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 3 sell ratings, 9 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?

Headlines about FCX stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Freeport-McMoRan earned a coverage optimism score of 1.6 on InfoTrie's scale. They also assigned media coverage about the natural resource company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a drop in short interest during the month of March. As of March 15th, there was short interest totalling 30,350,076 shares, a drop of 11.3% from the February 28th total of 34,213,112 shares. Based on an average trading volume of 14,928,424 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.1% 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?

What other stocks do shareholders of Freeport-McMoRan own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Freeport-McMoRan investors own include Apollo Commercial Real Est. Finance (ARI), Bank of America (BAC), Micron Technology (MU), General Electric (GE), Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Intel (INTC), Incyte (INCY), Alibaba Group (BABA) and Medivation (MDVN).

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 72)
  • Ms. Kathleen Lynne Quirk, Exec. VP & CFO (Age 55)
  • Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 63)
  • Mr. James R. Moffett Jr., Chairman Emeritus, Consultant & Member of Advisory Board (Age 81)
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 72)

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a number of of institutional and retail investors. Top institutional investors include Hexavest Inc. (0.35%), Manning & Napier Group LLC (0.08%), Retirement Systems of Alabama (0.05%), Barometer Capital Management Inc. (0.03%), Nisa Investment Advisors LLC (0.03%) and Calamos Advisors LLC (0.02%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather and Harry M Iv Conger. 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 Manning & Napier Group LLC, Eqis Capital Management Inc., Bowling Portfolio Management LLC, First Hawaiian Bank, Foundation Resource Management Inc., Grassi Investment Management, Private Asset Management Inc. and Ingalls & Snyder LLC. 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 Hexavest Inc., Barometer Capital Management Inc., Prime Capital Investment Advisors LLC, TB Alternative Assets Ltd., Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Highland Capital Management LLC and Trellus Management Company LLC. 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 $13.46.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $19.50 billion and generates $18.63 billion in revenue each year. The natural resource company earns $2.60 billion in net income (profit) each year or $1.52 on an earnings per share basis. Freeport-McMoRan employs 26,800 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:  931 (Vote Outperform)
Underperform Votes:  854 (Vote Underperform)
Total Votes:  1,785
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 4/24/2019 by MarketBeat.com Staff

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