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Freeport-McMoRan (FCX)
NYSE:FCX
Freeport-McMoRan (FCX) Stock Price & Analysis
4,637 Followers
FCX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.58 - $54.35
Previous Close$54.23
Volume3.40M
Average Volume (3M)15.24M
Market Cap
$78.26B
Enterprise Value$93.18B
Total Cash (Recent Filing)$4.76B
Total Debt (Recent Filing)$9.42B
Price to Earnings (P/E)47.7
Beta1.33
Next Earnings
Jul 18, 2024EPS Estimate
$0.38Last Dividend Ex-Date
Apr 12, 2024Dividend Yield1.11%
Share Statistics
EPS (TTM)1.14
Shares Outstanding1,436,489,977
10 Day Avg. Volume13,994,787
30 Day Avg. Volume15,237,537
Standard Deviation0.15
R-Squared0.53
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)4.67
Price to Sales (P/S)3.41
Price to Cash Flow (P/CF)14.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.08
Enterprise Value/Gross Profit4.08
Enterprise Value/Ebitda16.18
Forecast
1Y Price Target
$53.00Price Target Upside-2.72% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Freeport-McMoRan News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceFreeport is entering a period of margin expansion and cash flow growth.
Market OutlookCiti is mid-term bullish on copper, with predictions of prices reaching $12,000/ton by 2026, which could be beneficial for FCX.
Operational EfficiencyThe Grasberg (Manyar) smelter is on-track for a May completion with designed operating conditions to be reached by year-end 2024.
Bears Say
Commodity Price RiskStock could suffer from the unpredictability of metal prices, impacting profitability.
Operational RiskProject execution risks may lead to operational setbacks, affecting the company's timelines and costs.
Regulatory RiskDelays in obtaining export permits in Indonesia could disrupt global supply chains and strain revenue streams.
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Ownership Overview
1.62% Insiders
28.08% Mutual Funds
42.71% Other Institutional Investors
27.58% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FCX FAQ
What was Freeport-McMoRan’s price range in the past 12 months?
Freeport-McMoRan lowest stock price was $32.58 and its highest was $54.34 in the past 12 months.
What is Freeport-McMoRan’s market cap?
Currently, no data Available
When is Freeport-McMoRan’s upcoming earnings report date?
Freeport-McMoRan’s upcoming earnings report date is Jul 18, 2024 which is in 59 days.
How were Freeport-McMoRan’s earnings last quarter?
Freeport-McMoRan released its earnings results on Apr 23, 2024. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.267 by $0.053.
Is Freeport-McMoRan overvalued?
According to Wall Street analysts Freeport-McMoRan’s price is currently Overvalued.
Does Freeport-McMoRan pay dividends?
Freeport-McMoRan pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 1.11%. See more information on Freeport-McMoRan dividends here
What is Freeport-McMoRan’s EPS estimate?
Freeport-McMoRan’s EPS estimate is $0.38.
How many shares outstanding does Freeport-McMoRan have?
Freeport-McMoRan has 1,436,490,000 shares outstanding.
What happened to Freeport-McMoRan’s price movement after its last earnings report?
Freeport-McMoRan reported an EPS of $0.32 in its last earnings report, beating expectations of $0.267. Following the earnings report the stock price went down -1.961%.
Which hedge fund is a major shareholder of Freeport-McMoRan?
Among the largest hedge funds holding Freeport-McMoRan’s share is Fisher Asset Management LLC. It holds Freeport-McMoRan’s shares valued at 3B.
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Freeport-McMoRan Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$53.00 (-2.72% Downside)
$53.00 (-2.72% Downside)
Blogger Sentiment
Bullish
FCX Sentiment 92%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 9.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $14.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
53.58%
12-Months-Change
Fundamentals
Return on Equity
9.94%
Trailing 12-Months
Asset Growth
6.46%
Trailing 12-Months
Company Description
Freeport-McMoRan
Founded in 1987 and based in Arizona, Freeport-McMoRan, Inc. is a leading mining company, and focuses on exploring copper, gold, and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
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FCX Company Deck
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FCX Earnings Call
Q1 2024
0:00 / 0:00
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FCX Revenue Breakdown
34.20% Indonesia Mining
25.75% Rod & Refining
18.18% South America Mining
12.21% Atlantic Copper Smelting & Refining
1.06% North America Copper Mines
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FCX Stock 12 Month Forecast
Average Price Target
$53.00
▼(-2.72% Downside)
Technical Analysis
Best Analysts Covering FCX
1 Year
1 Year Success Rate
34/52 ratings generated profit
1 Year Average Return
+24.44%
assigned a buy rating 27 days ago
Copying Chris LaFemina's trades and holding each position for 1 Year would result in 65.38% of your transactions generating a profit, with an average return of +24.44% per trade.
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