NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$30.35

-1.64 (-5.13 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$30.07

Now: $30.35▼

$31.43

50-Day Range

$23.39

MA: $26.04▼

$31.99

52-Week Range

$4.82

Now: $30.35▼

$32.49

Volume19.93 million shs

Average Volume18.47 million shs

Market Capitalization$44.09 billion

P/E RatioN/A

Dividend YieldN/A

Beta2.27

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.

MarketRank^™

Overall MarketRank^™

1.71 out of 5 stars

Basic Materials Sector

73rd out of 651 stocks

Metal Mining Industry

2nd out of 63 stocks

2.4 Analyst's Opinion

Consensus Rating
Freeport-McMoRan has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.06, Freeport-McMoRan has a forecasted downside of 30.6% from its current price of $30.35.
Amount of Analyst Coverage
Freeport-McMoRan has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Freeport-McMoRan has received 1,038 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Freeport-McMoRan has received 951 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Freeport-McMoRan has received 52.19% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Freeport-McMoRan and other stocks. Vote “Outperform” if you believe FCX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FCX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Freeport-McMoRan does not currently pay a dividend.
Dividend Growth
Freeport-McMoRan does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Freeport-McMoRan insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,508,456.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Freeport-McMoRan is held by insiders.
Percentage Held by Institutions
72.30% of the stock of Freeport-McMoRan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Freeport-McMoRan are expected to grow by 262.50% in the coming year, from $0.56 to $2.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Freeport-McMoRan is -337.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Freeport-McMoRan is -337.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Freeport-McMoRan has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Ratio2.61

Quick Ratio1.35

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio54.20

P/E GrowthN/A

Sales & Book Value

Annual Sales$14.40 billion

Price / Sales3.06

Cash Flow$0.99 per share

Price / Cash Flow30.56

Book Value$12.05 per share

Price / Book2.52

Profitability

EPS (Most Recent Fiscal Year)$0.02

Net Income$-239,000,000.00

Net Margins-0.73%

Return on Equity1.56%

Return on Assets0.67%

Miscellaneous

Outstanding Shares1,452,870,000

Market Cap$44.09 billion

Next Earnings Date1/26/2021 (Confirmed)

OptionableOptionable

$30.35

-1.64 (-5.13 %)

(As of 01/15/2021 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 been impacted by Coronavirus?

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FCX shares have increased by 273.8% and is now trading at $30.35.
View which stocks have been most impacted by COVID-19.

Is Freeport-McMoRan a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 5 hold ratings, 12 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.
View analyst ratings for Freeport-McMoRan or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Freeport-McMoRan?

Wall Street analysts have given Freeport-McMoRan a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Freeport-McMoRan wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Freeport-McMoRan.

How can I listen to Freeport-McMoRan's earnings call?

Freeport-McMoRan will be holding an earnings conference call on Tuesday, January 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) posted its earnings results on Thursday, October, 22nd. The natural resource company reported $0.29 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 1.56% and a negative net margin of 0.73%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS.
View Freeport-McMoRan's earnings history.

What price target have analysts set for FCX?

18 analysts have issued 12 month target prices for Freeport-McMoRan's stock. Their forecasts range from $12.00 to $33.00. On average, they anticipate Freeport-McMoRan's share price to reach $21.06 in the next year. This suggests that the stock has a possible downside of 30.6%.
View analysts' price targets for Freeport-McMoRan or view Wall Street analyst' top-rated stocks.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 20,340,000 shares, a decrease of 18.5% from the December 15th total of 24,960,000 shares. Based on an average daily volume of 18,550,000 shares, the short-interest ratio is presently 1.1 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), 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.

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 74, Pay $4.85M)
Ms. Kathleen Lynne Quirk, Exec. VP & CFO (Age 57, Pay $2.32M)
Mr. Stephen T. Higgins, Sr. VP & Chief Admin. Officer
Mr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 74)
Mr. W. Russell King, Sr. VP of International Relations & Federal Gov. Affairs (Age 71)
Mr. Lynne M. Cooney, VP & Assistant to the Chairman
Mr. Joshua Frederick Olmsted, Pres & COO of Americas (Age 51)
Mr. Mark J. Johnson, Pres of Freeport-McMoRan Indonesia (Age 62)
Mr. Dean T. Falgoust, Pres of FMS & VP of FCX (Age 63)
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 a number of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.05%), Hexavest Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Parkside Investments LLC (0.03%), Brookstone Capital Management (0.02%) and Community Bank of Raymore (0.02%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Harry M Iv Conger, 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 Hexavest Inc., Parkside Investments LLC, Private Asset Management Inc., First Hawaiian Bank, Crossmark Global Holdings Inc., Arden Trust Co, Gateway Investment Advisers LLC, and Diversified Trust Co. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, 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 acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Brookstone Capital Management, Community Bank of Raymore, Piershale Financial Group Inc., IFM Investors Pty Ltd, Engrave Wealth Partners LLC, Symphony Financial Ltd. Co., and Louisiana State Employees Retirement System. 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.

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.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $30.35.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $44.09 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 1/17/2021 by MarketBeat.com Staff

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