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NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$17.34
-0.14 (-0.80 %)
(As of 10/30/2020 12:00 AM ET)
Add
Compare
Today's Range
$16.96
Now: $17.34▼
$17.54
50-Day Range
$14.77
MA: $16.61▼
$18.36
52-Week Range
$4.82
Now: $17.34▼
$18.68
Volume14.38 million shs
Average Volume24.24 million shs
Market Capitalization$25.18 billion
P/E RatioN/A
Dividend Yield0.29%
Beta2.31
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, 2019, it estimated consolidated recoverable proven and probable mineral reserves totaled 116 billion pounds of copper, 29.6 million ounces of gold, and 3.58 billion pounds of molybdenum, as well as operated approximately 210 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 founded in 1987 and is headquartered in Phoenix, Arizona.
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Freeport-McMoRan logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.73 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
Current SymbolNYSE:FCX
Previous Symbol
CUSIP35671D85
CIK831259
Webwww.fcx.com
Phone602-366-8100
Employees27,500

Debt

Debt-to-Equity Ratio0.57
Current Ratio2.46
Quick Ratio1.15

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio37.70
P/E GrowthN/A

Sales & Book Value

Annual Sales$14.40 billion
Price / Sales1.75
Cash Flow$1.01 per share
Price / Cash Flow17.14
Book Value$12.05 per share
Price / Book1.44

Profitability

EPS (Most Recent Fiscal Year)$0.02
Net Income$-239,000,000.00
Net Margins-4.28%
Return on Equity-0.98%
Return on Assets-0.42%

Miscellaneous

Outstanding Shares1,452,219,000
Market Cap$25.18 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$17.34
-0.14 (-0.80 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions

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

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FCX stock has increased by 113.5% and is now trading at $17.34.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Freeport-McMoRan?

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

When is Freeport-McMoRan's next earnings date?

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

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) released its quarterly earnings results on Thursday, October, 22nd. The natural resource company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The natural resource company had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.68 billion. Freeport-McMoRan had a negative return on equity of 0.98% and a negative net margin of 4.28%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.
View Freeport-McMoRan's earnings history.

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

Freeport-McMoRan declared a quarterly dividend on Wednesday, December 18th. Stockholders of record on Wednesday, January 15th will be paid 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 1.15%. The ex-dividend date of this dividend is Tuesday, January 14th.
View Freeport-McMoRan's dividend history.

What price target have analysts set for FCX?

15 brokers have issued 12-month price targets for Freeport-McMoRan's stock. Their forecasts range from $12.00 to $24.00. On average, they expect Freeport-McMoRan's stock price to reach $17.00 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
View analysts' price targets for Freeport-McMoRan.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a increase in short interest in September. As of September 15th, there was short interest totaling 37,990,000 shares, an increase of 20.1% from the August 31st total of 31,640,000 shares. Based on an average daily trading volume, of 20,700,000 shares, the days-to-cover ratio is currently 1.8 days.
View Freeport-McMoRan's Short Interest.

Who are some of Freeport-McMoRan's key competitors?

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).
View all 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).

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:
  • Mr. Richard C. Adkerson, Vice Chairman, Pres & CEO (Age 73, Pay $4.85M)
  • Ms. Kathleen Lynne Quirk, Exec. VP & CFO (Age 56, Pay $2.32M)
  • Mr. Stephen T. Higgins, Sr. VP & Chief Admin. Officer
  • Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 73)
  • Mr. W. Russell King, Sr. VP of International Relations & Federal Gov. Affairs (Age 70)
  • Mr. Lynne M. Cooney, VP & Assistant to the Chairman
  • Mr. Joshua Frederick Olmsted, Pres & COO of Americas (Age 50)
  • Mr. Mark J. Johnson, Pres of Freeport-McMoRan Indonesia (Age 61)
  • Mr. Dean T. Falgoust, Pres of FMS & VP of FCX (Age 62)
  • Mr. C. Donald Whitmire Jr., VP & Controller of Financial Reporting

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 many different institutional and retail investors. Top institutional investors include Polunin Capital Partners Ltd (0.34%), TCW Group Inc. (0.26%), PM CAPITAL Ltd (0.22%), Hexavest Inc. (0.10%), Zweig DiMenna Associates LLC (0.09%) and Keybank National Association OH (0.09%). 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.

Which institutional investors are selling Freeport-McMoRan stock?

FCX stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Pacer Advisors Inc., PM CAPITAL Ltd, TCW Group Inc., Candriam Luxembourg S.C.A., British Airways Pensions Investment Management Ltd, DekaBank Deutsche Girozentrale, and Thompson Investment Management Inc..
View insider buying and selling activity for Freeport-McMoRan.

Which institutional investors are buying Freeport-McMoRan stock?

FCX stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Standard Life Aberdeen plc, Keybank National Association OH, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management, Hyman Charles D, Kessler Investment Group LLC, Assenagon Asset Management S.A., and Hodges Capital Management Inc.. Company insiders that have bought Freeport-McMoRan stock in the last two years include John Joseph Stephens, Kathleen L Quirk, and Richard C Adkerson.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $17.34.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $25.18 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.

What is Freeport-McMoRan's official website?

The official website for Freeport-McMoRan is 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]

This page was last updated on 10/30/2020 by MarketBeat.com Staff
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