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Freeport-McMoRan (FCX)
NYSE:FCX
Freeport-McMoRan (FCX) Stock Price & Analysis
4,762 Followers
FCX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.51 - $55.07
Previous Close$45.92
Volume5.87M
Average Volume (3M)13.57M
Market Cap
$66.04B
Enterprise Value$81.24B
Total Cash (Recent Filing)$4.76B
Total Debt (Recent Filing)$9.42B
Price to Earnings (P/E)40.4
Beta1.52
Next Earnings
Jul 23, 2024EPS Estimate
$0.4Last Dividend Ex-Date
Jul 15, 2024Dividend Yield1.24%
Share Statistics
EPS (TTM)1.14
Shares Outstanding1,436,489,977
10 Day Avg. Volume12,249,628
30 Day Avg. Volume13,571,800
Standard Deviation0.14
R-Squared0.51
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)4.38
Price to Sales (P/S)3.12
Price to Cash Flow (P/CF)13.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.55
Enterprise Value/Gross Profit11.35
Enterprise Value/Ebitda12.77
Forecast
1Y Price Target
$55.86Price Target Upside21.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Freeport-McMoRan News
Bulls Say, Bears Say
Bulls Say
Export LicenseFreeport has received approval to export copper concentrates from its Grasberg mine, providing an opportunity to catch up on lost shipments.
Financial PerformanceAnalyst expects strong free cash flow growth due to stable net cash costs and rising copper prices, leading to higher capital returns from Freeport.
Smelter OperationsThe new Manyar smelter in Indonesia has begun operating and is expected to reach full capacity by the end of the year, enhancing production capabilities.
Bears Say
Export License DelaysThe company did not export any concentrates from Indonesia due to a delay in receiving an extension to the export license.
Increased Cash CostsLower gold shipments will translate to lower by-product credits, resulting in higher-than-previously guided cash costs.
Production Guidance ReductionFreeport now expects gold sales volumes to be 10% lower due to changes in mine sequencing at Grasberg.
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Ownership Overview
1.77% Insiders
29.38% Mutual Funds
19.92% Other Institutional Investors
48.93% 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 $32.51 and its highest was $55.07 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 23, 2024 which is in 4 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 Undervalued.
Does Freeport-McMoRan pay dividends?
Freeport-McMoRan pays a Quarterly dividend of $0.07 which represents an annual dividend yield of 1.24%. See more information on Freeport-McMoRan dividends here
What is Freeport-McMoRan’s EPS estimate?
Freeport-McMoRan’s EPS estimate is $0.4.
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 -1.967%.
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
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$55.86 (21.51% Upside)
$55.86 (21.51% Upside)
Blogger Sentiment
Bullish
FCX Sentiment 87%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 9.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $23.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 0.1%
Last 30 Days ▼ 0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.18%
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
$55.86
▲(21.51% Upside)
Technical Analysis
Best Analysts Covering FCX
1 Year
1 Year Success Rate
9/12 ratings generated profit
1 Year Average Return
+55.26%
reiterated a buy rating 2 months ago
Copying Orest Wowkodaw's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +55.26% per trade.
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