Freeport-McMoRan Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 7 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Freeport-McMoRan stock.
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Freeport-McMoRan saw a decrease in short interest in May. As of May 28th, there was short interest totaling 24,470,000 shares, a decrease of 13.9% from the May 13th total of 28,430,000 shares. Based on an average daily volume of 23,060,000 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company's stock are sold short.
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Freeport-McMoRan is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
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Freeport-McMoRan Inc. (NYSE:FCX) released its quarterly earnings results on Thursday, April, 22nd. The natural resource company reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.51. The natural resource company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.74 billion. Freeport-McMoRan had a net margin of 11.13% and a trailing twelve-month return on equity of 9.85%. The company's revenue was up 73.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share.
View Freeport-McMoRan's earnings history.

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 330.5% and is now trading at $34.96.
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Freeport-McMoRan announced a quarterly dividend on Friday, March 19th. Investors of record on Thursday, April 15th will be given a dividend of $0.075 per share on Monday, May 3rd. This represents a $0.30 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, April 14th. This is a positive change from Freeport-McMoRan's previous quarterly dividend of $0.05.
View Freeport-McMoRan's dividend history.

Freeport-McMoRan pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.85%. Freeport-McMoRan does not yet have a strong track record of dividend growth. The dividend payout ratio of Freeport-McMoRan is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Freeport-McMoRan will have a dividend payout ratio of 7.26% next year. This indicates that Freeport-McMoRan will be able to sustain or increase its dividend.
View Freeport-McMoRan's dividend history.

18 brokerages have issued 12-month price targets for Freeport-McMoRan's shares. Their forecasts range from $14.00 to $60.00. On average, they anticipate Freeport-McMoRan's stock price to reach $32.33 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
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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.

Some companies that are related to Freeport-McMoRan include Southern Copper (SCCO), Compass Minerals International (CMP), Materion (MTRN), Ferroglobe (GSM), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and (RVM) (RVM).
View all of FCX's competitors.

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 BlackRock Inc. (9.38%), Fisher Asset Management LLC (3.04%), Geode Capital Management LLC (1.82%), Putnam Investments LLC (1.28%), Price T Rowe Associates Inc. MD (1.20%) and Northern Trust Corp (1.19%). Company insiders that own Freeport-McMoRan stock include C Donald Whitmire Jr, Gerald J Ford, John Joseph Stephens, Kathleen L Quirk and Richard C Adkerson.
View institutional ownership trends for Freeport-McMoRan.

FCX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Clearbridge Investments LLC, Franklin Resources Inc., Bank of New York Mellon Corp, Amundi Asset Management US Inc., Letko Brosseau & Associates Inc., Menora Mivtachim Holdings LTD., and Itau Unibanco Holding S.A.. Company insiders that have sold Freeport-McMoRan company stock in the last year include C Donald Whitmire Jr, Gerald J Ford, Kathleen L Quirk, and Richard C Adkerson.
View insider buying and selling activity for Freeport-McMoRan or view top insider-selling stocks.

FCX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuveen Asset Management LLC, Ceredex Value Advisors LLC, Congress Asset Management Co. MA, Schroder Investment Management Group, Artemis Investment Management LLP, Scout Investments Inc., and Westwood Holdings Group Inc..
View insider buying and selling activity for Freeport-McMoRan or or view top insider-buying stocks.

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.
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One share of FCX stock can currently be purchased for approximately $34.96.

Freeport-McMoRan has a market capitalization of $51.23 billion and generates $14.20 billion in revenue each year. The natural resource company earns $599 million in net income (profit) each year or $0.54 on an earnings per share basis.

Freeport-McMoRan employs 24,500 workers across the globe.

Freeport-McMoRan was founded in 1987.

The official website for Freeport-McMoRan is www.fcx.com.

Freeport-McMoRan is headquartered at 333 NORTH CENTRAL AVENUE, PHOENIX AZ, 85004.

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]