About Freeport-McMoRan (NYSE:FCX)
Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. 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 and El Abra mines in South America. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the Gulf of Mexico shelf and oil production offshore California. As of December 31, 2017, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 86.7 billion pounds of copper, 23.5 million ounces of gold, and 2.84 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 10.1 million barrels of oil equivalents. 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.
Industry, Sector and Symbol
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
SymbolNYSE:FCX
CUSIP35671D85
Phone602-366-8100
Debt
Debt-to-Equity Ratio1.04%
Current Ratio2.14%
Quick Ratio1.37%
Price-To-Earnings
Trailing P/E Ratio13.74
Forward P/E Ratio6.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales1.42
Cash Flow$2.0226 per share
Price / Cash7.95
Book Value$7.82 per share
Price / Book2.06
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins11.08%
Return on Equity16.57%
Return on Assets4.59%
Miscellaneous
Employees25,200
Outstanding Shares1,447,840,000
Freeport-McMoRan (NYSE:FCX) Frequently Asked Questions
What is Freeport-McMoRan's stock symbol?
Freeport-McMoRan trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCX."
How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan?
Freeport-McMoRan declared a quarterly dividend on Wednesday, March 28th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.05 per share on Tuesday, May 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, April 12th. View Freeport-McMoRan's Dividend History.
How were Freeport-McMoRan's earnings last quarter?
Freeport-McMoRan (NYSE:FCX) released its quarterly earnings data on Tuesday, April, 24th. The natural resource company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.10. The natural resource company earned $4.87 billion during the quarter, compared to analyst estimates of $4.92 billion. Freeport-McMoRan had a net margin of 11.08% and a return on equity of 16.57%. The firm's quarterly revenue was up 45.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. View Freeport-McMoRan's Earnings History.
What price target have analysts set for FCX?
19 equities research analysts have issued twelve-month target prices for Freeport-McMoRan's shares. Their forecasts range from $10.40 to $25.00. On average, they expect Freeport-McMoRan's share price to reach $17.4944 in the next twelve months. View Analyst Ratings for Freeport-McMoRan.
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a drop in short interest in April. As of April 13th, there was short interest totalling 27,508,635 shares, a drop of 13.8% from the March 30th total of 31,897,267 shares. Based on an average trading volume of 14,036,049 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the shares of the company are short sold.
Who are some of Freeport-McMoRan's key competitors?
Some companies that are related to Freeport-McMoRan include BHP Billiton (BHP), Rio Tinto (RIO), Vale (VALE), Southern Copper (SCCO), Nornickel (NILSY), South32 (SOUHY), Fortescue Metals Group (FSUGY), First Quantum Minerals (FQVLF), Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), Buenaventura (BVN), Vedanta Resources (VDNRF), Centamin (CELTF), Cleveland-Cliffs (CLF) and Nexa Resources (NEXA).
Who are Freeport-McMoRan's key executives?
Freeport-McMoRan's management team includes the folowing people:
- Richard C. Adkerson, Vice Chairman, Pres & CEO (Age 71)
- Ms. Kathleen L. Quirk, Exec. VP, Treasurer & CFO (Age 54)
- Mr. Michael J. Arnold, Chief Admin. Officer & Exec. VP (Age 65)
- Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 62)
- Mr. W. Russell King, Sr. VP of International Relations (Age 68)
Has Freeport-McMoRan been receiving favorable news coverage?
Media stories about FCX stock have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Freeport-McMoRan earned a daily sentiment score of 0.08 on Accern's scale. They also assigned news articles about the natural resource company an impact score of 46.53 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Freeport-McMoRan's major shareholders?
Freeport-McMoRan's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
ICAHN CARL C
(4.14%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, Harry M Iv Conger and Jon C/ Madonna. View Institutional Ownership Trends 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, Scottrade, Fidelity and Charles Schwab.
What is Freeport-McMoRan's stock price today?
One share of FCX stock can currently be purchased for approximately $16.08.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $27.23 billion and generates $16.40 billion in revenue each year. The natural resource company earns $1.82 billion in net income (profit) each year or $1.17 on an earnings per share basis. Freeport-McMoRan employs 25,200 workers across the globe.
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]
MarketBeat Community Rating for Freeport-McMoRan (FCX)
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.
Freeport-McMoRan (NYSE:FCX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
19 Wall Street analysts have issued ratings and price targets for Freeport-McMoRan in the last 12 months. Their average twelve-month price target is $17.4944, suggesting that the stock has a possible upside of 8.80%. The high price target for FCX is $25.00 and the low price target for FCX is $10.40. There are currently 3 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.11 | 2.11 | 2.10 | 2.18 |
| Ratings Breakdown: | 3 Sell Rating(s)
11 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
11 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
14 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
10 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $17.4944 | $17.3278 | $15.9684 | $15.8375 |
| Price Target Upside: | 8.80% upside | 1.46% downside | 20.00% downside | 7.74% upside |
Freeport-McMoRan (NYSE:FCX) Consensus Price Target History
Freeport-McMoRan (NYSE:FCX) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Freeport-McMoRan (NYSE:FCX) Dividend Information
Freeport-McMoRan pays an annual dividend of $0.20 per share, with a dividend yield of 1.24%. FCX's next quarterly dividend payment will be made on Tuesday, May 1. Freeport-McMoRan pays out 17.09% of its earnings out as a dividend.
| Next Dividend: | 5/1/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 1.24% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 17.09% (Trailing 12 Months of Earnings)
8.62% (Based on This Year's Estimates)
12.05% (Based on Next Year's Estimates)
|
Freeport-McMoRan (NYSE:FCX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/28/2018 | quarterly | $0.05 | 1.15406809001731% | 4/12/2018 | 4/13/2018 | 5/1/2018 |
| 9/30/2015 | quarterly | $0.05 | 2.04% | 10/13/2015 | 10/15/2015 | 11/2/2015 |
| 6/24/2015 | quarterly | $0.1605 | 1.01% | 7/13/2015 | 7/15/2015 | 8/3/2015 |
| 3/24/2015 | quarterly | $0.05 | | 4/13/2015 | 4/15/2015 | 5/1/2015 |
| 12/19/2014 | quarterly | $0.3125 | 5.54% | 1/13/2015 | 1/15/2015 | 2/2/2015 |
| 9/24/2014 | quarterly | $0.3125 | 3.83% | 10/10/2014 | 10/15/2014 | 11/3/2014 |
| 6/25/2014 | quarterly | $0.3125 | 3.5% | 7/11/2014 | 7/15/2014 | 8/1/2014 |
| 3/26/2014 | quarterly | $0.3125 | 3.86% | 4/11/2014 | 4/15/2014 | 5/1/2014 |
| 12/20/2013 | quarterly | $0.3125 | 3.5% | 1/13/2014 | 1/15/2014 | 2/3/2014 |
| 9/25/2013 | quarterly | $0.3125 | 3.69% | 10/10/2013 | 10/15/2013 | 11/1/2013 |
| 6/27/2013 | quarterly | $0.3125 | 4.53% | 7/11/2013 | 7/15/2013 | 8/1/2013 |
| 3/27/2013 | quarterly | $0.3125 | 3.78% | 4/11/2013 | 4/15/2013 | 5/1/2013 |
| 12/26/2012 | quarterly | $0.3125 | 3.71% | 1/11/2013 | 1/15/2013 | 2/1/2013 |
(Data available from 1/1/2013 forward)
Freeport-McMoRan (NYSE FCX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.29%
Institutional Ownership Percentage: 70.13%
Freeport-McMoRan (NYSE FCX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/31/2018 | C Donald Whitmire Jr | VP | Sell | 21,500 | $19.49 | $419,035.00 | 70,239 |  |
| 9/7/2017 | Harry M Iv Conger | COO | Buy | 36,180 | $15.23 | $551,021.40 | 73,943 | |
| 8/21/2017 | C Donald Whitmire Jr | VP | Sell | 1,050 | $14.70 | $15,435.00 | 60,239 | |
| 2/16/2017 | C Donald Whitmire Jr | VP | Sell | 2,525 | $15.22 | $38,430.50 | 60,989 | |
| 2/16/2017 | Harry M Iv Conger | COO | Sell | 77,500 | $15.24 | $1,181,100.00 | 37,763 | |
| 2/9/2017 | C Donald Whitmire Jr | VP | Sell | 57,620 | $15.42 | $888,500.40 | 64,896 | |
| 2/1/2017 | Jon C/ Madonna | Director | Sell | 14,000 | $16.61 | $232,540.00 | 61,080 | |
| 10/27/2016 | Courtney Mather | Director | Buy | 150,000 | $10.72 | $1,608,000.00 | 65,523 | |
| 9/4/2015 | James C Flores | Vice Chairman | Buy | 2,200,000 | $9.70 | $21,340,000.00 | 4,332,934 | |
| 8/28/2015 | James R Moffett | Chairman | Buy | 100,000 | $10.57 | $1,057,000.00 | 300,000 | |
| 8/18/2015 | Gerald J Ford | Director | Buy | 1,000,000 | $9.94 | $9,940,000.00 | | |
| 6/3/2015 | James C Flores | Vice Chairman | Buy | 60,000 | $20.52 | $1,231,200.00 | | |
| 12/12/2014 | Michael J Arnold | CAO | Buy | 50,000 | $22.15 | $1,107,500.00 | | |
| 12/11/2014 | James C Flores | Chairman | Buy | 500,000 | $23.60 | $11,800,000.00 | | |
| 5/28/2014 | Robert Day | Director | Sell | 186,000 | $33.77 | $6,281,220.00 | | |
| 5/7/2014 | H Devon Graham, Jr. | Director | Sell | 1,890 | $34.06 | $64,373.40 | 44,600 | |
| 11/7/2013 | J Bennett Johnston | Director | Buy | 20,000 | $36.72 | $734,400.00 | 140,085 | |
| 11/4/2013 | J Bennett Johnston | Director | Buy | 18,900 | $37.13 | $701,757.00 | | |
| 10/25/2013 | James C Flores | Chairman | Buy | 1,500,000 | $37.45 | $56,175,000.00 | | |
| 8/2/2013 | Gerald Ford | Director | Buy | 1,000,000 | $29.18 | $29,180,000.00 | 141,224 | |
| 8/1/2013 | Bobby Lee Lackey | Director | Buy | 1,800 | $29.09 | $52,362.00 | 41,442 | |
| 7/30/2013 | James R Moffett | Chairman | Buy | 1,000,000 | $28.53 | $28,530,000.00 | | |
| 7/26/2013 | J Taylor Wharton | Director | Sell | 9,416 | $28.61 | $269,391.76 | | |
| 7/26/2013 | James C Flores | Chairman | Buy | 517,350 | $28.65 | $14,822,077.50 | | |
| 6/3/2013 | James C Flores | Chairman | Buy | 1,100,000 | $31.17 | $34,287,000.00 | | |
| 3/1/2013 | J Bennett Johnston | Director | Buy | 16,000 | $31.48 | $503,680.00 | | |
(Data available from 1/1/2013 forward)
Freeport-McMoRan (NYSE FCX) News Headlines
| Source: |
|
Freeport-McMoRan (NYSE:FCX) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Freeport-McMoRan (NYSE:FCX) Income Statement, Balance Sheet and Cash Flow Statement
Freeport-McMoRan (NYSE FCX) Stock Chart for Wednesday, April, 25, 2018
Loading chart…
