NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$34.30
-2.44 (-6.64 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$33.73
$35.57
50-Day Range
$32.40
$38.73
52-Week Range
$14.67
$46.10
Volume35.74 million shs
Average Volume22.52 million shs
Market Capitalization$50.35 billion
P/E Ratio17.96
Dividend Yield0.82%
Beta2.08
30 days | 90 days | 365 days | Advanced Chart
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Freeport-McMoRan logo

About Freeport-McMoRan

Freeport-McMoRan, Inc. engages in the mining of copper, gold and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining; Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining and Corporate, Other and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other and Eliminations segment

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MarketRank

Overall MarketRank

2.60 out of 5 stars

Basic Materials Sector

51st out of 223 stocks

Metal Mining Industry

5th out of 20 stocks

Analyst Opinion: 3.3Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

Is Freeport-McMoRan a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Freeport-McMoRan stock.
View analyst ratings for Freeport-McMoRan
or view top-rated stocks.

What stocks does MarketBeat like better than Freeport-McMoRan?

Wall Street analysts have given Freeport-McMoRan a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Freeport-McMoRan wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in July. As of July 30th, there was short interest totaling 24,600,000 shares, an increase of 13.7% from the July 15th total of 21,630,000 shares. Based on an average daily trading volume, of 22,640,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.7% of the company's shares are short sold.
View Freeport-McMoRan's Short Interest
.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Freeport-McMoRan
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) posted its earnings results on Thursday, July, 22nd. The natural resource company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The natural resource company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.83 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 15.07% and a net margin of 14.98%. The company's revenue for the quarter was up 88.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS.
View Freeport-McMoRan's earnings history
.

How has Freeport-McMoRan's stock price been impacted by COVID-19 (Coronavirus)?

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FCX shares have increased by 322.4% and is now trading at $34.30.
View which stocks have been most impacted by COVID-19
.

How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan?

Freeport-McMoRan declared a quarterly dividend on Wednesday, June 23rd. Stockholders of record on Thursday, July 15th will be given a dividend of $0.075 per share on Monday, August 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, July 14th.
View Freeport-McMoRan's dividend history
.

Is Freeport-McMoRan a good dividend stock?

Freeport-McMoRan pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.82%. The dividend payout ratio of Freeport-McMoRan is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 8.80% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

What price target have analysts set for FCX?

16 brokerages have issued 1 year target prices for Freeport-McMoRan's shares. Their forecasts range from $25.00 to $60.00. On average, they expect Freeport-McMoRan's stock price to reach $38.84 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
View analysts' price targets for Freeport-McMoRan
or view top-rated stocks among Wall Street analysts.

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:
  • Richard C. Adkerson, Chairman & Chief Executive Officer
  • Kathleen L. Quirk, President & Chief Financial Officer
  • Bertrand L. Odinet, Chief Information, Innovation Officer & VP
  • Stephen T. Higgins, Chief Administrative Officer & Senior VP
  • William E. Cobb, Chief Sustainability Officer & Senior VP

What is Richard C. Adkerson's approval rating as Freeport-McMoRan's CEO?

233 employees have rated Freeport-McMoRan CEO Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among Freeport-McMoRan's employees.

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 Micron Technology (MU), Bank of America (BAC), Intel (INTC), General Electric (GE), AT&T (T), NVIDIA (NVDA), Alibaba Group (BABA), Apollo Commercial Real Estate Finance (ARI), Cisco Systems (CSCO) and Gilead Sciences (GILD).

What is Freeport-McMoRan's stock symbol?

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

Who are Freeport-McMoRan's major shareholders?

Freeport-McMoRan's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.78%), FMR LLC (5.25%), State Street Corp (4.67%), Fisher Asset Management LLC (3.11%), Geode Capital Management LLC (1.64%) and Jefferies Group LLC (0.00%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, Gerald J Ford, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
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 Vanguard Group Inc., Price T Rowe Associates Inc. MD, Putnam Investments LLC, Franklin Resources Inc., Invesco Ltd., Geode Capital Management LLC, Artemis Investment Management LLP, and Castle Hook Partners LP. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, Gerald J Ford, Kathleen L Quirk, and Richard C Adkerson.
View insider buying and selling activity for Freeport-McMoRan
or view top insider-selling stocks.

Which major investors are buying Freeport-McMoRan stock?

FCX stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, FMR LLC, Diamond Hill Capital Management Inc., Susquehanna International Group LLP, Amundi, State Street Corp, Morgan Stanley, and Bessemer Group Inc..
View insider buying and selling activity for Freeport-McMoRan
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $34.30.

How much money does Freeport-McMoRan make?

Freeport-McMoRan has a market capitalization of $50.35 billion and generates $14.20 billion in revenue each year. The natural resource company earns $599 million in net income (profit) each year or $0.54 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan employs 24,500 workers across the globe.

When was Freeport-McMoRan founded?

Freeport-McMoRan was founded in 1987.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is www.fcx.com.

Where are Freeport-McMoRan's headquarters?

Freeport-McMoRan is headquartered at 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004.

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]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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