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Freeport-McMoRan (FCX)
NYSE:FCX
Freeport-McMoRan (FCX) Stock Price & Analysis
4,567 Followers
FCX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.58 - $52.42
Previous Close$49.61
Volume20.15M
Average Volume (3M)14.35M
Market Cap
$71.16B
Enterprise Value$86.44B
Total Cash (Recent Filing)$4.76B
Total Debt (Recent Filing)$9.42B
Price to Earnings (P/E)38.9
Beta1.40
Next Earnings
Apr 23, 2024EPS Estimate
$0.27Last Dividend Ex-Date
Apr 12, 2024Dividend Yield1.21%
Share Statistics
EPS (TTM)1.27
Shares Outstanding1,434,409,010
10 Day Avg. Volume16,313,739
30 Day Avg. Volume14,354,154
Standard Deviation0.15
R-Squared0.53
Alpha0.00937
Financial Highlights & Ratios
Price to Book (P/B)4.26
Price to Sales (P/S)3.11
Price to Cash Flow (P/CF)13.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.78
Enterprise Value/Gross Profit3.78
Enterprise Value/Ebitda15.01
Forecast
1Y Price Target
$50.73Price Target Upside3.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Freeport-McMoRan News
Bulls Say, Bears Say
Bulls Say
Commodity Market OptimismAnalyst's updated FCX model incorporates raised copper price forecasts, signaling optimism in commodity markets.
Financial PerformanceFreeport's solid quarter was highlighted by higher copper sales and lower cash costs.
Production Capacity ImprovementThe newly constructed smelter at Grasberg is expected to ramp up, which may improve the company's production capabilities.
Bears Say
Cost IncreasesCosts in the Americas, especially in North America, have significantly increased, impacting profitability.
Financial GuidanceManagement trimmed 2024 copper sales guidance from 4.2bn lbs to 4.1bn lbs, indicating potential revenue headwinds.
Regulatory ChallengesConcerns over securing an export licence for Grasberg concentrates could impact global concentrate supplies.
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Ownership Overview
1.63% Insiders
27.53% Mutual Funds
18.07% Other Institutional Investors
52.77% 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 $52.42 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 Apr 23, 2024 which is today.
How were Freeport-McMoRan’s earnings last quarter?
Freeport-McMoRan released its earnings results on Jan 24, 2024. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.232 by $0.038.
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 1.21%. See more information on Freeport-McMoRan dividends here
What is Freeport-McMoRan’s EPS estimate?
Freeport-McMoRan’s EPS estimate is $0.27.
How many shares outstanding does Freeport-McMoRan have?
Freeport-McMoRan has 1,434,409,000 shares outstanding.
What happened to Freeport-McMoRan’s price movement after its last earnings report?
Freeport-McMoRan reported an EPS of $0.27 in its last earnings report, beating expectations of $0.232. Following the earnings report the stock price went up 4.046%.
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 2B.
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Freeport-McMoRan Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$50.73 (3.64% Upside)
$50.73 (3.64% Upside)
Blogger Sentiment
Bullish
FCX Sentiment 95%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 3.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.14%
12-Months-Change
Fundamentals
Return on Equity
11.36%
Trailing 12-Months
Asset Growth
2.77%
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
Q4 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 Months Forecast
Average Price Target
$50.73
▲(3.64% Upside)
Technical Analysis
Best Analysts Covering FCX
1 Year
1 Year Success Rate
9/11 ratings generated profit
1 Year Average Return
+61.99%
reiterated a buy rating 14 days ago
Copying Orest Wowkodaw's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +61.99% per trade.
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