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NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$30.80
-0.22 (-0.71%)
(As of 06/28/2022 03:04 PM ET)
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Compare
Today's Range
$30.68
$32.29
50-Day Range
$29.57
$50.64
52-Week Range
$28.87
$51.99
Volume
1.05 million shs
Average Volume
18.77 million shs
Market Capitalization
$44.64 billion
P/E Ratio
8.93
Dividend Yield
0.97%
Price Target
$47.31
30 days | 90 days | 365 days | Advanced Chart

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FCX Stock Forecast (MarketRank)

Overall MarketRank

3.25 out of 5 stars

Basic Materials Sector

13th out of 247 stocks

Metal Mining Industry

1st out of 29 stocks

Analyst Opinion: 4.2Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -
Freeport-McMoRan logo

About Freeport-McMoRan (NYSE:FCX)

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. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. 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 incorporated in 1987 and is headquartered in Phoenix, Arizona.

FCX Stock News Headlines

Are These Cheap Copper Stocks Right For Your Portfolio? (FCX)
Copper stocks are cheap  Despite the issues weighing on copper prices, copper stocks may still provide some upside as valuations remain reasonable and earnings are likely to continue to rise during the year.
Three Upgrades You Need To Pay Attention Too  (FCX)
The times, they are a-changing, and that means you’re investing strategy needs to change with it. While the analysts are downgrading and lowering price targets left and right due to inflation fears and the growing threat of recession that is not all the activity we’re spotting.
Freeport-McMoRan (NYSE:FCX) Price Target Cut to $30.00
See More Headlines

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
35671D85
Employees
24,700
Year Founded
1987

Company Calendar

Ex-Dividend for 5/2 Dividend
4/13/2022
Last Earnings
4/21/2022
Dividend Payable
5/02/2022
Today
6/28/2022
Ex-Dividend for 8/1 Dividend
7/14/2022
Next Earnings (Estimated)
7/28/2022
Dividend Payable
8/01/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$47.31
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+53.6%
Consensus Rating
Hold
Rating Score (0-4)
2.4
Research Coverage
15 Analysts

Profitability

Net Income
$4.31 billion
Pretax Margin
36.48%

Debt

Sales & Book Value

Annual Sales
$22.85 billion
Cash Flow
$4.52 per share
Book Value
$15.80 per share

Miscellaneous

Outstanding Shares
1,449,260,000
Free Float
1,438,827,000
Market Cap
$44.64 billion
Optionable
Optionable
Beta
2.02

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Freeport-McMoRan Frequently Asked Questions

Should I buy or sell Freeport-McMoRan stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Freeport-McMoRan stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCX, but not buy additional shares or sell existing shares.
View analyst ratings for Freeport-McMoRan
or view top-rated stocks.

What is Freeport-McMoRan's stock price forecast for 2022?

15 brokers have issued 1 year target prices for Freeport-McMoRan's shares. Their FCX stock forecasts range from $29.00 to $65.00. On average, they predict Freeport-McMoRan's stock price to reach $47.31 in the next year. This suggests a possible upside of 53.3% from the stock's current price.
View analysts' price targets for Freeport-McMoRan
or view top-rated stocks among Wall Street analysts.

How has Freeport-McMoRan's stock performed in 2022?

Freeport-McMoRan's stock was trading at $41.73 at the start of the year. Since then, FCX stock has decreased by 26.1% and is now trading at $30.85.
View the best growth stocks for 2022 here
.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Freeport-McMoRan
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) announced its quarterly earnings data on Thursday, April, 21st. The natural resource company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.19. The natural resource company earned $6.60 billion during the quarter, compared to the consensus estimate of $6.29 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 24.06% and a net margin of 20.79%. Freeport-McMoRan's quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS.
View Freeport-McMoRan's earnings history
.

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

Freeport-McMoRan announced a quarterly dividend on Wednesday, June 22nd. Investors of record on Friday, July 15th will be given a dividend of $0.15 per share on Monday, August 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, July 14th.
View Freeport-McMoRan's dividend history
.

Is Freeport-McMoRan a good dividend stock?

Freeport-McMoRan(NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.97%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 8.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 9.52% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:
  • Mr. Richard C. Adkerson, Chairman & CEO (Age 75, Pay $6.13M)
  • Ms. Kathleen Lynne Quirk, Pres (Age 58, Pay $3.1M) (LinkedIn Profile)
  • Mr. Stephen T. Higgins, Sr. VP & Chief Admin. Officer
  • Mr. Douglas N. Currault II, Sr. VP & Gen. Counsel
  • Ms. Maree E. Robertson, CFO & Sr. VP (Age 46)
  • Bertrand L. Odinet II, VP, Chief Information Officer & Chief Innovation Officer
  • Mr. David Joint, VP of Investor Relations
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 75)
  • Pamela Q. Masson, VP & Chief HR Officer
  • Mr. W. Russell King, Sr. VP of International Relations & Federal Gov. Affairs (Age 72)

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.

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 shareholders include Vanguard Group Inc. (8.01%), State Street Corp (4.59%), Capital Research Global Investors (4.51%), Fisher Asset Management LLC (3.49%), Northern Trust Corp (1.22%) and Bank of New York Mellon Corp (1.03%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, 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 Capital Research Global Investors, Bank of America Corp DE, MUFG Securities EMEA plc, UBS Group AG, Phoenix Holdings Ltd., Invesco Ltd., Diamond Hill Capital Management Inc., and Citigroup Inc.. Company insiders that have sold Freeport-McMoRan company stock in the last two years include C Donald Whitmire Jr, Dustan E Mccoy, 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 purchased by a variety of institutional investors in the last quarter, including Eubel Brady & Suttman Asset Management Inc., 1832 Asset Management L.P., First Trust Advisors LP, Fisher Asset Management LLC, Vanguard Group Inc., Neuberger Berman Group LLC, Ardevora Asset Management LLP, and AGF Investments 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 $30.85.

How much money does Freeport-McMoRan make?

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $44.71 billion and generates $22.85 billion in revenue each year. The natural resource company earns $4.31 billion in net income (profit) each year or $3.45 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan employs 24,700 workers across the globe.

When was Freeport-McMoRan founded?

Freeport-McMoRan was founded in 1987.

How can I contact Freeport-McMoRan?

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for Freeport-McMoRan is www.fcx.com. The natural resource company can be reached via phone at (602) 366-8100, via email at [email protected], or via fax at 504-582-1847.

This page (NYSE:FCX) was last updated on 6/28/2022 by MarketBeat.com Staff

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