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Freeport-McMoRan (FCX)
NYSE:FCX
Holding FCX?
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FCX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$36.26 - $55.24
Previous Close$38.86
Volume22.37M
Average Volume (3M)11.83M
Market Cap
$55.84B
Enterprise Value$71.84B
Total Cash (Recent Filing)$5.00B
Total Debt (Recent Filing)$9.68B
Price to Earnings (P/E)28.3
Beta1.66
Next Earnings
Jan 22, 2025EPS Estimate
$0.35Next Dividend Ex-Date
Jan 15, 2025Dividend Yield1.54%
Share Statistics
EPS (TTM)1.37
Shares Outstanding1,436,927,710
10 Day Avg. Volume10,960,234
30 Day Avg. Volume11,828,772
Standard Deviation0.14
R-Squared0.47
Alpha0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)3.18
Price to Sales (P/S)2.18
Price to Cash Flow (P/CF)7.50
P/FCF Ratio20.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.86
Enterprise Value/Gross Profit10.03
Enterprise Value/Ebitda5.26
Forecast
1Y Price Target
$56.64Price Target Upside45.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Freeport-McMoRan News
Bulls Say, Bears Say
Bulls Say
Catalysts For Share PriceA rising copper price, continued strength in the gold price, and consistent operating performance are expected to lead to a significantly higher FCX share price over time.
Financial PerformanceFreeport's 3Q EBITDA of $2.69bn beat forecasts and consensus due to higher than expected gold sales volumes leading to much lower costs.
Strategic InvestmentsFreeport increased its ownership in Cerro Verde, which is notable and may indicate strategic growth intentions.
Bears Say
Cost ManagementUnit costs in North America continued to rise due to lower ore grades offsetting the benefits of low-cost leaching.
Financial PerformanceFCX expects consolidated sales in 4Q24 at 980m lbs of copper, lower than Visible Alpha consensus of 1,041m lbs and MSe 1,040m lbs.
Operational RisksA large fire broke out at PT-FI's new smelter in Indonesia, which will likely lead to costs to repair damage and potential further delays to first production.
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Ownership Overview
0.59% Insiders
26.90% Mutual Funds
25.64% Other Institutional Investors
26.96% 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 $36.26 and its highest was $55.23 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 Jan 22, 2025 which is in 30 days.
How were Freeport-McMoRan’s earnings last quarter?
Freeport-McMoRan released its earnings results on Oct 22, 2024. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.357 by $0.023.
Is Freeport-McMoRan overvalued?
According to Wall Street analysts Freeport-McMoRan’s price is currently Undervalued.
Does Freeport-McMoRan pay dividends?
Freeport-McMoRan pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 1.54%. See more information on Freeport-McMoRan dividends here
What is Freeport-McMoRan’s EPS estimate?
Freeport-McMoRan’s EPS estimate is $0.35.
How many shares outstanding does Freeport-McMoRan have?
Freeport-McMoRan has 1,436,927,700 shares outstanding.
What happened to Freeport-McMoRan’s price movement after its last earnings report?
Freeport-McMoRan reported an EPS of $0.38 in its last earnings report, beating expectations of $0.357. Following the earnings report the stock price went up 1.231%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$56.64 (45.75% Upside)
$56.64 (45.75% Upside)
Blogger Sentiment
Bullish
FCX Sentiment 83%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 862.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $583.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-4.80%
12-Months-Change
Fundamentals
Return on Equity
11.67%
Trailing 12-Months
Asset Growth
7.26%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic initiatives, particularly in copper production and resource management. However, challenges such as the smelter fire incident in Indonesia and high costs in North America present operational hurdles.Read More>---
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
$56.64
▲(45.75% Upside)
Technical Analysis
Best Analysts Covering FCX
1 Year
1 Year Success Rate
30/53 ratings generated profit
1 Year Average Return
+19.78%
reiterated a buy rating 2 months ago
Copying Chris LaFemina's trades and holding each position for 1 Year would result in 56.60% of your transactions generating a profit, with an average return of +19.78% per trade.
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