Freeport-McMoRan Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Freeport-McMoRan stock.
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Freeport-McMoRan saw a increase in short interest in February. As of February 12th, there was short interest totaling 22,350,000 shares, an increase of 29.6% from the January 28th total of 17,250,000 shares. Based on an average daily trading volume, of 21,640,000 shares, the days-to-cover ratio is currently 1.0 days.
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Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Friday, April 23rd 2021.
View our earnings forecast for Freeport-McMoRan.

Freeport-McMoRan Inc. (NYSE:FCX) issued its quarterly earnings results on Monday, January, 25th. The natural resource company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The natural resource company earned $4.50 billion during the quarter, compared to analysts' expectations of $4.33 billion. Freeport-McMoRan had a negative net margin of 0.73% and a positive trailing twelve-month return on equity of 1.56%. The firm's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share.
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 331.3% and is now trading at $35.02.
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18 Wall Street analysts have issued 12-month target prices for Freeport-McMoRan's stock. Their forecasts range from $12.00 to $42.00. On average, they anticipate Freeport-McMoRan's share price to reach $23.44 in the next twelve months. This suggests that the stock has a possible downside of 33.1%.
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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), Materion (MTRN), U.S. Silica (SLCA), SunCoke Energy (SXC), Ferroglobe (GSM), United States Antimony (UAMY), General Moly (GMO) and (RVM) (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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.88%), Itau Unibanco Holding S.A. (3.70%), Fisher Asset Management LLC (2.95%), Price T Rowe Associates Inc. MD (2.41%), Bank of New York Mellon Corp (1.33%) and Clearbridge Investments LLC (1.15%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, 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 Bank of New York Mellon Corp, Janus Henderson Group PLC, Brandywine Global Investment Management LLC, Letko Brosseau & Associates Inc., Public Sector Pension Investment Board, Clearbridge Investments LLC, Marathon Asset Management LLP, and Cibc World Markets Corp. 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 Itau Unibanco Holding S.A., Price T Rowe Associates Inc. MD, FMR LLC, Morgan Stanley, Fisher Asset Management LLC, Primecap Management Co. CA, Ninety One UK Ltd, and Wells Fargo & Company MN. 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 or or view top insider-buying stocks.

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 $35.02.

Freeport-McMoRan has a market capitalization of $51.08 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.

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]