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NYSE:FCX

Freeport-McMoRan Stock Forecast, Price & News

$17.00
-0.03 (-0.18 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$16.94
Now: $17.00
$17.50
50-Day Range
$12.92
MA: $14.86
$17.03
52-Week Range
$4.82
Now: $17.00
$17.50
Volume26.43 million shs
Average Volume25.08 million shs
Market Capitalization$24.69 billion
P/E RatioN/A
Dividend Yield0.59%
Beta2.37
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
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Freeport-McMoRan logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustryDiversified Metals & Mining
CUSIP35671D85
Phone602-366-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$14.40 billion
Cash Flow$1.04 per share
Book Value$12.05 per share

Profitability

Net Income$-239,000,000.00

Miscellaneous

Employees27,500
Outstanding Shares1,452,219,000
Market Cap$24.69 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$17.00
-0.03 (-0.18 %)
(As of 09/18/2020 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 COVID-19?

Freeport-McMoRan's stock was trading at $8.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FCX shares have increased by 109.4% and is now trading at $17.00.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Freeport-McMoRan?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 7 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Freeport-McMoRan
.

When is Freeport-McMoRan's next earnings date?

Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Freeport-McMoRan
.

How were Freeport-McMoRan's earnings last quarter?

Freeport-McMoRan Inc (NYSE:FCX) released its quarterly earnings data on Thursday, July, 23rd. The natural resource company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.06. The natural resource company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.06 billion. Freeport-McMoRan had a negative net margin of 4.28% and a negative return on equity of 0.98%. The business's quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS.
View Freeport-McMoRan's earnings history
.

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

Freeport-McMoRan declared a quarterly dividend on Wednesday, December 18th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share on Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, January 14th.
View Freeport-McMoRan's dividend history
.

What price target have analysts set for FCX?

19 brokerages have issued twelve-month target prices for Freeport-McMoRan's shares. Their forecasts range from $11.50 to $19.00. On average, they anticipate Freeport-McMoRan's stock price to reach $14.17 in the next year. This suggests that the stock has a possible downside of 16.7%.
View analysts' price targets for Freeport-McMoRan
.

Are investors shorting Freeport-McMoRan?

Freeport-McMoRan saw a decline in short interest in August. As of August 14th, there was short interest totaling 35,970,000 shares, a decline of 18.2% from the July 30th total of 43,990,000 shares. Based on an average daily volume of 22,470,000 shares, the days-to-cover ratio is currently 1.6 days.
View Freeport-McMoRan's Short Interest
.

Who are some of Freeport-McMoRan's key 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), AT&T (T), General Electric (GE), Alibaba Group (BABA), Apollo Commercial Real Est. Finance (ARI), NVIDIA (NVDA), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Who are Freeport-McMoRan's key executives?

Freeport-McMoRan's management team includes the following people:
  • Richard C. Adkerson, Vice Chairman, President & Chief Executive Officer
  • Harry Milton Conger, President & Chief Operating Officer-Americas
  • Kathleen L. Quirk, Chief Financial Officer, Treasurer & Executive VP
  • C. Donald Whitmire, Vice President & Controller-Financial Reporting
  • David P. Joint, Director-Investor Relations

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.05%), Fisher Asset Management LLC (2.73%), Bank of New York Mellon Corp (1.81%), Nuveen Asset Management LLC (0.77%), FMR LLC (0.63%) and Menora Mivtachim Holdings LTD. (0.62%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Courtney Mather, 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 Ruffer LLP, Bridgeway Capital Management Inc., Hexavest Inc., Grantham Mayo Van Otterloo & Co. LLC, Cibc World Markets Corp, Toronto Dominion Bank, Canada Pension Plan Investment Board, and Gamco Investors INC. ET AL.
View insider buying and selling activity 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 Polunin Capital Partners Ltd, FMR LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Crake Asset Management LLP, Neuberger Berman Group LLC, Platinum Investment Management Ltd., and Zweig DiMenna Associates LLC. 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Freeport-McMoRan's stock price today?

One share of FCX stock can currently be purchased for approximately $17.00.

How big of a company is Freeport-McMoRan?

Freeport-McMoRan has a market capitalization of $24.69 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 9/19/2020 by MarketBeat.com Staff

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