Freeport-McMoRan Stock Forecast, Price & News

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

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.

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.
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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.

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.

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.
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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.

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Ferroglobe (GSM), Materion (MTRN), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and Revett Minerals (RVM).
View all of FCX's competitors.

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).

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 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.

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.

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

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.

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

Freeport-McMoRan was founded in 1987.

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

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

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]