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

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FCX shares have decreased by 21.3% and is now trading at $6.39. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Freeport-McMoRan.

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Freeport-McMoRan.

Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings results on Thursday, January, 23rd. The natural resource company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The natural resource company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.69 billion. Freeport-McMoRan had a positive return on equity of 0.18% and a negative net margin of 1.12%. Freeport-McMoRan's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. View Freeport-McMoRan's earnings history.

Freeport-McMoRan announced a quarterly dividend on Wednesday, December 18th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share on Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, January 14th. View Freeport-McMoRan's dividend history.

16 analysts have issued 12-month target prices for Freeport-McMoRan's shares. Their forecasts range from $7.00 to $19.00. On average, they expect Freeport-McMoRan's stock price to reach $12.77 in the next year. This suggests a possible upside of 99.8% from the stock's current price. View analysts' price targets for Freeport-McMoRan.

News articles about FCX stock have trended very negative on Friday, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Freeport-McMoRan earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media headlines about the natural resource company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutFreeport-McMoRan.

Freeport-McMoRan saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 54,170,000 shares, a decrease of 7.4% from the February 13th total of 58,510,000 shares. Based on an average trading volume of 26,060,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.8% of the shares of the stock are short sold. View Freeport-McMoRan's Current Options Chain.

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Materion (MTRN), SunCoke Energy (SXC), U.S. Silica (SLCA), Ferroglobe (GSM), United States Antimony (UAMY), General Moly (GMO) and Revett Mining Company, Inc. (DE) (RVM).

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

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

Freeport-McMoRan's stock is owned by a variety of retail and institutional investors. Top institutional investors include Private Asset Management Inc. (0.00%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson. View institutional ownership trends for Freeport-McMoRan.

FCX stock was sold by a variety of institutional investors in the last quarter, including Private Asset Management Inc.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of FCX stock can currently be purchased for approximately $6.39.

Freeport-McMoRan has a market capitalization of $9.27 billion and generates $14.40 billion in revenue each year. The natural resource company earns $-239,000,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. Freeport-McMoRan employs 27,500 workers across the globe. View additional information about Freeport-McMoRan.

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

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]