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NYSE:FCX

Freeport-McMoRan - FCX Stock Forecast, Price & News

$38.59
-1.27 (-3.19%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$38.54
$40.56
50-Day Range
$27.33
$40.22
52-Week Range
$24.80
$51.99
Volume
10.49 million shs
Average Volume
18.33 million shs
Market Capitalization
$55.16 billion
P/E Ratio
14.67
Dividend Yield
0.75%
Price Target
$38.07

Freeport-McMoRan MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
1.4% Downside
$38.07 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-8.34
Upright™ Environmental Score
News Sentiment
0.32mentions of Freeport-McMoRan in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$3.02 M Sold Last Quarter
Proj. Earnings Growth
-27.95%
From $2.29 to $1.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Basic Materials Sector

125th out of 165 stocks

Metal Mining Industry

9th out of 16 stocks

FCX stock logo

About Freeport-McMoRan (NYSE:FCX) Stock

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, 2021, it operated approximately 135 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 incorporated in 1987 and is headquartered in Phoenix, Arizona.

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FCX Stock News Headlines

Why Shares in Freeport-McMoRan Surged 10% Today
My Top Mining Stock to Buy in October
Freeport-McMoRan Whale Trades Spotted
Why Shares in Freeport-McMoRan Surged Again Today
4 Analysts Have This to Say About Freeport-McMoRan
Why Shares in Copper Miner Freeport-McMoRan Soared Today
A Preview Of Freeport-McMoRan's Earnings
See More Headlines
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FCX Company Calendar

Ex-Dividend for 11/1 Dividend
10/13/2022
Last Earnings
10/20/2022
Dividend Payable
11/01/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
35671D85
Employees
24,700
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$38.07
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
-1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
16 Analysts

Profitability

Net Income
$4.31 billion
Pretax Margin
30.85%

Debt

Sales & Book Value

Annual Sales
$22.85 billion
Cash Flow
$4.56 per share
Book Value
$15.80 per share

Miscellaneous

Outstanding Shares
1,429,327,000
Free Float
1,419,036,000
Market Cap
$55.16 billion
Optionable
Optionable
Beta
1.99

Social Links


Key Executives

  • Mr. Richard C. AdkersonMr. Richard C. Adkerson (Age 75)
    Chairman & CEO
    Comp: $6.13M
  • Ms. Kathleen Lynne QuirkMs. Kathleen Lynne Quirk (Age 58)
    Pres
    Comp: $3.1M
  • Mr. Stephen T. Higgins
    Sr. VP & Chief Admin. Officer
  • Mr. Douglas N. Currault II
    Sr. VP & Gen. Counsel
  • Ms. Maree E. RobertsonMs. Maree E. Robertson (Age 46)
    CFO & Sr. VP
  • Ms. Ellie Mikes (Age 44)
    VP, Chief Accounting Officer & Assistant Treasurer
  • Bertrand L. Odinet II
    VP, Chief Information Officer & Chief Innovation Officer
  • Mr. David Joint
    VP of Investor Relations
  • Pamela Q. Masson
    VP & Chief HR Officer
  • Mr. W. Russell King (Age 72)
    Sr. VP of International Relations & Federal Gov. Affairs













FCX Stock - Frequently Asked Questions

Should I buy or sell Freeport-McMoRan stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FCX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCX, but not buy additional shares or sell existing shares.
View FCX analyst ratings
or view top-rated stocks.

What is Freeport-McMoRan's stock price forecast for 2023?

16 Wall Street analysts have issued 12 month price objectives for Freeport-McMoRan's shares. Their FCX share price forecasts range from $23.00 to $65.00. On average, they predict the company's share price to reach $38.07 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts price targets for FCX
or view top-rated stocks among Wall Street analysts.

How have FCX shares performed in 2022?

Freeport-McMoRan's stock was trading at $41.73 at the start of the year. Since then, FCX stock has decreased by 4.0% and is now trading at $40.05.
View the best growth stocks for 2022 here
.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a drop in short interest in October. As of October 31st, there was short interest totaling 26,780,000 shares, a drop of 19.0% from the October 15th total of 33,070,000 shares. Based on an average trading volume of 16,500,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.9% of the company's stock are sold short.
View Freeport-McMoRan's Short Interest
.

When is Freeport-McMoRan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our FCX earnings forecast
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc. (NYSE:FCX) released its quarterly earnings data on Thursday, October, 20th. The natural resource company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.08. The natural resource company had revenue of $5 billion for the quarter, compared to analysts' expectations of $4.91 billion. Freeport-McMoRan had a trailing twelve-month return on equity of 17.69% and a net margin of 16.72%. The business's quarterly revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share.
Read the conference call transcript
.

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

Freeport-McMoRan announced a quarterly dividend on Wednesday, September 21st. Stockholders of record on Friday, October 14th will be given a dividend of $0.15 per share on Tuesday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for FCX
.

Is Freeport-McMoRan a good dividend stock?

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 18.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

What is Richard C. Adkerson's approval rating as Freeport-McMoRan's CEO?

233 employees have rated Freeport-McMoRan Chief Executive Officer Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among the company's employees.

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).

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.12%), State Street Corp (4.48%), Fisher Asset Management LLC (3.72%), Bank of New York Mellon Corp (1.29%), Bank of New York Mellon Corp (1.29%) and Diamond Hill Capital Management Inc. (0.97%). Insiders that own company stock include C Donald Whitmire Jr, Douglas N Currault II, Dustan E Mccoy, Gerald J Ford, Gerald J Ford, Hugh Grant, John Joseph Stephens, Kathleen L Quirk, Richard C Adkerson, Ryan Michael Lance and Sara Grootwassink Lewis.
View institutional ownership trends
.

How do I buy shares of Freeport-McMoRan?

Shares of FCX stock 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.
Compare Top Brokerages Here.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $40.05.

How much money does Freeport-McMoRan make?

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $57.24 billion and generates $22.85 billion in revenue each year. The natural resource company earns $4.31 billion in net income (profit) each year or $2.63 on an earnings per share basis.

How many employees does Freeport-McMoRan have?

The company employs 24,700 workers across the globe.

How can I contact Freeport-McMoRan?

Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for the company is www.fcx.com. The natural resource company can be reached via phone at (602) 366-8100, via email at ir@fmi.com, or via fax at 504-582-1847.

This page (NYSE:FCX) was last updated on 12/9/2022 by MarketBeat.com Staff