Freeport-McMoRan - FCX Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.

15 brokerages have issued 1-year price targets for Freeport-McMoRan's stock. Their FCX share price forecasts range from $23.00 to $65.00. On average, they expect the company's stock price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
View analysts price targets for FCX or view top-rated stocks among Wall Street analysts.

Freeport-McMoRan's stock was trading at $38.00 on January 1st, 2023. Since then, FCX stock has increased by 13.0% and is now trading at $42.95.
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Freeport-McMoRan saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 29,600,000 shares, an increase of 31.7% from the December 31st total of 22,480,000 shares. Based on an average daily volume of 13,910,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.1% of the shares of the company are sold short.
View Freeport-McMoRan's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our FCX earnings forecast.

Freeport-McMoRan Inc. (NYSE:FCX) announced its quarterly earnings data on Wednesday, January, 25th. The natural resource company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.12. The natural resource company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.42 billion. Freeport-McMoRan had a net margin of 15.22% and a trailing twelve-month return on equity of 14.59%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS.
Read the conference call transcript.

Freeport-McMoRan declared a quarterly dividend on Wednesday, December 21st. Stockholders of record on Friday, January 13th will be given a dividend of $0.15 per share on Wednesday, February 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for FCX.

Freeport-McMoRan (NYSE:FCX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.70%. The dividend payout ratio is 12.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCX will have a dividend payout ratio of 11.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCX.

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.

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 a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (3.73%), Allspring Global Investments Holdings LLC (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), New York State Common Retirement Fund (0.23%), Keybank National Association OH (0.19%) and Pendal Group Ltd (0.18%). 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, Kathleen L Quirk, Richard C Adkerson, Ryan Michael Lance and Sara Grootwassink Lewis.
View institutional ownership trends.

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.
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One share of FCX stock can currently be purchased for approximately $42.95.

Freeport-McMoRan (NYSE:FCX) has a market capitalization of $61.39 billion and generates $22.78 billion in revenue each year. The natural resource company earns $3.47 billion in net income (profit) each year or $2.37 on an earnings per share basis.

The company employs 24,700 workers across the globe.

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.