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
Stock Exchange NYSE
Industry Metal mining
Sub-IndustryDiversified Metals & Mining
SectorBasic Materials
SymbolNYSE:FCX
CUSIP35671D85
Phone602-366-8100
Debt
Debt-to-Equity Ratio0.87
Current Ratio2.72
Quick Ratio1.62
Price-To-Earnings
Trailing P/E Ratio10.27
Forward P/E Ratio7.03
P/E GrowthN/A
Sales & Book Value
Annual Sales$16.40 billion
Price / Sales1.06
Cash Flow$2.3431 per share
Price / Cash5.13
Book Value$7.82 per share
Price / Book1.54
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$1.82 billion
Net Margins14.87%
Return on Equity24.01%
Return on Assets7.50%
Miscellaneous
Employees25,200
Outstanding Shares1,449,000,000
Market Cap$17.59 billion
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 announced a quarterly dividend on Wednesday, September 26th. Stockholders of record on Monday, October 15th will be paid a dividend of $0.05 per share on Thursday, November 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, October 12th. View Freeport-McMoRan's Dividend History.
How were Freeport-McMoRan's earnings last quarter?
Freeport-McMoRan Inc (NYSE:FCX) announced its quarterly earnings results on Wednesday, July, 25th. The natural resource company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.04. The natural resource company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.97 billion. Freeport-McMoRan had a net margin of 14.87% and a return on equity of 24.01%. The business's quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. View Freeport-McMoRan's Earnings History.
When is Freeport-McMoRan's next earnings date?
How can I listen to Freeport-McMoRan's earnings call?
Freeport-McMoRan will be holding an earnings conference call on Wednesday, October 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for FCX?
20 Wall Street analysts have issued 1 year price objectives for Freeport-McMoRan's stock. Their predictions range from $12.00 to $24.00. On average, they expect Freeport-McMoRan's stock price to reach $17.3947 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price. View Analyst Price Targets for Freeport-McMoRan.
What is the consensus analysts' recommendation for Freeport-McMoRan?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 2 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Freeport-McMoRan.
Are investors shorting Freeport-McMoRan?
Freeport-McMoRan saw a increase in short interest in September. As of September 28th, there was short interest totalling 28,920,594 shares, an increase of 13.1% from the September 14th total of 25,571,376 shares. Based on an average daily trading volume, of 22,513,134 shares, the short-interest ratio is currently 1.3 days. Currently, 2.0% of the company's stock are sold short. View Freeport-McMoRan's Current Options Chain.
Who are some of Freeport-McMoRan's key competitors?
Some companies that are related to Freeport-McMoRan include Rio Tinto (RIO), Southern Copper (SCCO), GMK Noril'skiy nikel' PAO (GDR) (NILSY), SOUTH32 Ltd/S (SOUHY), FORTESCUE METAL/S (FSUGY), First Quantum Minerals (FQVLF), Turquoise Hill Resources (TRQ), Compania de Minas Buenaventura SAA (BVN), Cleveland-Cliffs (CLF), Lundin Mining (LUNMF), VEDA RESO/PAR VTG FPD 0.1 (VDNRF), Nexa Resources (NEXA), Centamin (CELTF), Pretium Resources (PVG) and Hudbay Minerals (HBM).
Who are Freeport-McMoRan's key executives?
Freeport-McMoRan's management team includes the folowing people:
- Mr. Richard C. Adkerson, Vice Chairman, Pres & CEO (Age 71)
- Ms. Kathleen L. Quirk, Exec. VP, CFO & Treasurer (Age 54)
- Mr. Michael J. Arnold, Exec. VP & Chief Admin. Officer (Age 65)
- Mr. Harry Milton Conger IV, Pres & COO of Americas (Age 62)
- Mr. James R. Moffett Jr., Chairman Emeritus, Consultant & Member of Advisory Board (Age 80)
Who are Freeport-McMoRan's major shareholders?
Freeport-McMoRan's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State of New Jersey Common Pension Fund D (0.19%), Bank of Montreal Can (0.19%), Manning & Napier Group LLC (0.14%), Nikko Asset Management Americas Inc. (0.06%), Centre Asset Management LLC (0.04%) and Nisa Investment Advisors LLC (0.02%). 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.
Which major investors are selling Freeport-McMoRan stock?
FCX stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Nikko Asset Management Americas Inc., North Star Investment Management Corp., Nisa Investment Advisors LLC, Highland Capital Management LLC, Lourd Capital LLC, Rathbone Brothers plc and ACG Wealth. View Insider Buying and Selling for Freeport-McMoRan.
Which major investors are buying Freeport-McMoRan stock?
FCX stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Manning & Napier Group LLC, Greenline Partners LLC, Oakbrook Investments LLC, Supplemental Annuity Collective Trust of NJ, First Hawaiian Bank, New Jersey Better Educational Savings Trust and Vanguard Capital Wealth Advisors. Company insiders that have bought Freeport-McMoRan stock in the last two years include Courtney Mather and Harry M Iv Conger. View Insider Buying and Selling 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 $12.02.
How big of a company is Freeport-McMoRan?
Freeport-McMoRan has a market capitalization of $17.59 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.
What is Freeport-McMoRan's official website?
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 (NYSE 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.
