NYSE:FCX Freeport-McMoRan Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Freeport-McMoRan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $29.20 -0.06 (-0.21%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$27.92▼$29.2750-Day Range$29.20▼$43.3952-Week Range$27.92▼$51.99Volume22.97 million shsAverage Volume20.13 million shsMarket Capitalization$42.32 billionP/E Ratio8.46Dividend Yield1.03%Price Target$46.62 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Freeport-McMoRan MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside59.6% Upside$46.62 Price TargetShort InterestHealthy1.80% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-8.34Upright™ Environmental ScoreNews Sentiment0.37Based on 13 Articles This WeekInsider TradingAcquiring Shares$501.23 K Bought Last QuarterProj. Earnings Growth-20.36%From $3.88 to $3.09 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.61 out of 5 starsBasic Materials Sector16th out of 247 stocksMetal Mining Industry1st out of 28 stocks 4.2 Analyst's Opinion Consensus RatingFreeport-McMoRan has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 7 buy ratings, 7 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $46.62, Freeport-McMoRan has a forecasted upside of 59.6% from its current price of $29.20.Amount of Analyst CoverageFreeport-McMoRan has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.80% of the float of Freeport-McMoRan has been sold short.Short Interest Ratio / Days to CoverFreeport-McMoRan has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Freeport-McMoRan has recently increased by 15.23%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldFreeport-McMoRan pays a meaningful dividend of 1.03%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFreeport-McMoRan has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Freeport-McMoRan is 8.70%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 9.71% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFreeport-McMoRan has received a -252.40% net impact score from Upright. The largest negative impact of Freeport-McMoRan in category "GHG emissions" seems to be driven mostly by its "Refined oil", "Molybdenum", and "Copper" products. See details.Environmental SustainabilityThe Environmental Impact score for Freeport-McMoRan is -8.34. Previous Next 1.3 News and Social Media Coverage News SentimentFreeport-McMoRan has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Freeport-McMoRan this week, compared to 13 articles on an average week.Search InterestOnly 86 people have searched for FCX on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.MarketBeat FollowsOnly 41 people have added Freeport-McMoRan to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Freeport-McMoRan insiders have bought 55.77% more of their company's stock than they have sold. Specifically, they have bought $501,225.00 in company stock and sold $321,768.00 in company stock.Percentage Held by InsidersOnly 0.72% of the stock of Freeport-McMoRan is held by insiders.Percentage Held by Institutions77.37% of the stock of Freeport-McMoRan is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Freeport-McMoRan are expected to decrease by -20.36% in the coming year, from $3.88 to $3.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Freeport-McMoRan is 8.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 61.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Freeport-McMoRan is 8.46, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 33.07.Price to Earnings Growth RatioFreeport-McMoRan has a PEG Ratio of 0.26. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioFreeport-McMoRan has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FCX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter. Email Address About Freeport-McMoRan (NYSE:FCX) StockFreeport-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.Read More FCX Stock News HeadlinesJune 23, 2022 | marketbeat.comAre These Cheap Copper Stocks Right For Your Portfolio? (FCX)Copper stocks are cheap Despite the issues weighing on copper prices, copper stocks may still provide some upside as valuations remain reasonable and earnings are likely to continue to rise during the year.June 10, 2022 | marketbeat.comThree Upgrades You Need To Pay Attention Too (FCX)The times, they are a-changing, and that means you’re investing strategy needs to change with it. While the analysts are downgrading and lowering price targets left and right due to inflation fears and the growing threat of recession that is not all the activity we’re spotting.July 2, 2022 | benzinga.comHow Is The Market Feeling About Freeport-McMoRan? - Benzinga - BenzingaJuly 1, 2022 | finance.yahoo.comCobalt Sulfate Market to Record Accelerating Momentum at CAGR of 5.74% |43% of the growth contribution by APAC | 17,000+ Technavio Research Reports - Yahoo FinanceJuly 1, 2022 | finance.yahoo.comIs Most-Watched Stock FreeportMcMoRan Inc. (FCX) Worth Betting on Now?July 1, 2022 | americanbankingnews.comFreeport-McMoRan (NYSE:FCX) Price Target Cut to $38.00June 30, 2022 | nasdaq.comThis Copper Stock Could Be a Great Way to Invest in EVs - NasdaqJune 30, 2022 | fool.comThis Copper Stock Could Be a Great Way to Invest in EVs - The Motley FoolJune 29, 2022 | seekingalpha.comFreeport-McMoRan Stock And Copper May Go Down Together (NYSE:FCX) - Seeking AlphaJune 29, 2022 | fool.com3 Stocks That Could Soar Under Inflationary Conditions - The Motley FoolJune 28, 2022 | finance.yahoo.comFreeport-McMoRan (FCX) Stock Moves -0.77%: What You Should Know - Yahoo FinanceJune 28, 2022 | seekingalpha.comBiggest Valuation Disconnects In The S&P 500 - Seeking AlphaJune 25, 2022 | nasdaq.comXLB, APD, SHW, FCX: ETF Outflow Alert - NasdaqJune 25, 2022 | americanbankingnews.comFreeport-McMoRan (NYSE:FCX) Price Target Cut to $30.00June 25, 2022 | americanbankingnews.comFreeport-McMoRan (NYSE:FCX) Reaches New 52-Week Low After Analyst DowngradeJune 24, 2022 | americanbankingnews.comFreeport-McMoRan (NYSE:FCX) Stock Price Down 6.7% After Analyst DowngradeJune 23, 2022 | nasdaq.comFreeport-McMoran Copper & Gold (FCX) Shares Cross 2% Yield Mark - NasdaqJune 23, 2022 | seekingalpha.comFreeport-McMoRan Stock: Buy The Dip (NYSE:FCX) - Seeking AlphaJune 23, 2022 | seekingalpha.comFreeport McMoRan, copper miners crushed on rising recession fears (NYSE:FCX) - Seeking AlphaJune 23, 2022 | seekingalpha.comIron ore futures rebound but copper slides to new 16-month low (NYSE:FCX) - Seeking AlphaJune 23, 2022 | benzinga.comMorgan Stanley Maintains Equal-Weight on Freeport-McMoRan, Lowers Price Target to $30 - Benzinga - BenzingaJune 23, 2022 | americanbankingnews.comFreeport-McMoRan Inc. (NYSE:FCX) to Issue $0.15 Quarterly DividendJune 23, 2022 | investing.comStocks Finish Flat As Financial Conditions Tighten Further - Investing.comJune 22, 2022 | investing.comUS stocks lower at close of trade; Dow Jones Industrial Average down 0.15% By Investing.com - Investing.comJune 22, 2022 | seekingalpha.comHot Stocks: Copper stocks fall; LZB rises on earnings; MO, KSS drop; VIVO sets new high - Seeking AlphaSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Metal mining Sub-IndustryDiversified Metals & Mining SectorBasic Materials Current SymbolNYSE:FCX CUSIP35671D85 CIK831259 Webwww.fcx.com Phone(602) 366-8100Fax504-582-1847Employees24,700Year Founded1987Company Calendar Ex-Dividend for 5/2 Dividend4/13/2022Last Earnings4/21/2022Dividend Payable5/02/2022Today7/03/2022Ex-Dividend for 8/1 Dividend7/14/2022Next Earnings (Estimated)7/28/2022Dividend Payable8/01/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$46.62 High Stock Price Forecast$65.00 Low Stock Price Forecast$29.00 Forecasted Upside/Downside+59.6%Consensus RatingHold Rating Score (0-4)2.4 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$3.45 Trailing P/E Ratio8.46 Forward P/E Ratio7.53 P/E Growth0.26Net Income$4.31 billion Net Margins20.79% Pretax Margin36.48% Return on Equity24.06% Return on Assets11.51% Debt Debt-to-Equity Ratio0.34 Current Ratio2.37 Quick Ratio1.68 Sales & Book Value Annual Sales$22.85 billion Price / Sales1.85 Cash Flow$4.56 per share Price / Cash Flow6.41 Book Value$15.80 per share Price / Book1.85Miscellaneous Outstanding Shares1,449,260,000Free Float1,438,827,000Market Cap$42.32 billion OptionableOptionable Beta2.08 Social Links Freeport-McMoRan Frequently Asked Questions Should I buy or sell Freeport-McMoRan stock right now? 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Freeport-McMoRan stock. 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 analyst ratings for Freeport-McMoRan or view top-rated stocks. What is Freeport-McMoRan's stock price forecast for 2022? 15 Wall Street research analysts have issued 1 year target prices for Freeport-McMoRan's shares. Their FCX stock forecasts range from $29.00 to $65.00. On average, they expect Freeport-McMoRan's stock price to reach $46.62 in the next twelve months. This suggests a possible upside of 59.6% from the stock's current price. View analysts' price targets for Freeport-McMoRan or view top-rated stocks among Wall Street analysts. How has Freeport-McMoRan's stock performed in 2022? Freeport-McMoRan's stock was trading at $41.73 at the start of the year. Since then, FCX shares have decreased by 30.0% and is now trading at $29.20. View the best growth stocks for 2022 here. When is Freeport-McMoRan's next earnings date? Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022. View our earnings forecast for Freeport-McMoRan. How were Freeport-McMoRan's earnings last quarter? Freeport-McMoRan Inc. (NYSE:FCX) posted its earnings results on Thursday, April, 21st. The natural resource company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.19. The natural resource company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.29 billion. Freeport-McMoRan had a net margin of 20.79% and a trailing twelve-month return on equity of 24.06%. Freeport-McMoRan's revenue was up 36.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. View Freeport-McMoRan's earnings history. How often does Freeport-McMoRan pay dividends? What is the dividend yield for Freeport-McMoRan? Freeport-McMoRan announced a quarterly dividend on Wednesday, June 22nd. Shareholders of record on Friday, July 15th will be paid a dividend of $0.15 per share on Monday, August 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, July 14th. View Freeport-McMoRan's dividend history. 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 1.03%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 8.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 9.71% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend. View Freeport-McMoRan's dividend history. Who are Freeport-McMoRan's key executives? Freeport-McMoRan's management team includes the following people: Mr. Richard C. Adkerson, Chairman & CEO (Age 75, Pay $6.13M)Ms. Kathleen Lynne Quirk, Pres (Age 58, Pay $3.1M) (LinkedIn Profile)Mr. Stephen T. Higgins, Sr. VP & Chief Admin. OfficerMr. Douglas N. Currault II, Sr. VP & Gen. CounselMs. Maree E. Robertson, CFO & Sr. VP (Age 46)Bertrand L. Odinet II, VP, Chief Information Officer & Chief Innovation OfficerMr. David Joint, VP of Investor RelationsMr. L. Richards McMillan II, Sr. VP & Gen. Counsel (Age 75)Pamela Q. Masson, VP & Chief HR OfficerMr. W. Russell King, Sr. VP of International Relations & Federal Gov. Affairs (Age 72) What is Richard C. Adkerson's approval rating as Freeport-McMoRan's CEO? 233 employees have rated Freeport-McMoRan CEO Richard C. Adkerson on Glassdoor.com. Richard C. Adkerson has an approval rating of 87% among Freeport-McMoRan's employees. Who are some of Freeport-McMoRan's key competitors? Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Materion (MTRN), Compass Minerals International (CMP), Ferroglobe (GSM), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and Revett Minerals (RVM). View all of FCX's 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), 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." 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 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 $29.20. How much money does Freeport-McMoRan make? Freeport-McMoRan (NYSE:FCX) has a market capitalization of $42.32 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 $3.45 on an earnings per share basis. How many employees does Freeport-McMoRan have? Freeport-McMoRan employs 24,700 workers across the globe. When was Freeport-McMoRan founded? Freeport-McMoRan was founded in 1987. How can I contact Freeport-McMoRan? Freeport-McMoRan's mailing address is 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004. The official website for Freeport-McMoRan 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 7/3/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here
