Freeport-McMoRan Inc. (FCX)
| Market Cap | 61.04B |
| Revenue (ttm) | 22.71B |
| Net Income (ttm) | 2.16B |
| Shares Out | 1.43B |
| EPS (ttm) | 1.49 |
| PE Ratio | 28.57 |
| Forward PE | 25.61 |
| Dividend | $0.60 (1.41%) |
| Ex-Dividend Date | Jan 11, 2024 |
| Volume | 5,061,413 |
| Open | 42.41 |
| Previous Close | 43.02 |
| Day's Range | 42.27 - 42.92 |
| 52-Week Range | 32.83 - 46.73 |
| Beta | 2.01 |
| Analysts | Hold |
| Price Target | 43.20 (+1.48%) |
| Earnings Date | Jan 24, 2024 |
About FCX
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. It also operates a portfolio of oil and gas properties primarily... [Read more]
Financial Performance
In 2022, FCX's revenue was $22.78 billion, a decrease of -0.28% compared to the previous year's $22.85 billion. Earnings were $3.47 billion, a decrease of -19.46%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for FCX stock is "Hold." The 12-month stock price forecast is $43.2, which is an increase of 1.48% from the latest price.
News
Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX's common stock payable on February 1, 2024, to...
Trade Tracker: Jason Snipe buys Intuit and Steve Weiss buys more Freeport McMoran
The 'Halftime Report' Investment Committee discuss their latest trades.
Will Freeport Stock Recover To Pre-Inflation Shock Highs Of $52 Per Share?
This is likely to impact Freeport's earnings considerably this year, with consensus estimates projecting an over 35% decline in earnings per share.
Midday Movers: Best Buy and Lowe's Drop, Newmont and Freeport-McMoRan Gain
U.S. equities were down at midday as a string of retailers warned about consumer spending heading into the key holiday shopping season. The Dow, S&P 500, and Nasdaq all fell.
Freeport-McMoRan Recommends Rejection of Below-Market Price Mini-Tender Offer
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) has been notified by TRC Capital Investment Corporation (TRC) that it is making an unsolicited “mini-tender” offer to FCX shareholders to pu...
Final Trades: Freeport-McMoRan, Eli Lilly & Humana
The "Halftime Report" traders give their top picks to watch for the second half.
Freeport-McMoRan to convert fleet of Cat® 793 trucks at its Bagdad mine in Arizona to autonomous haulage using Cat MineStar™ Command for hauling
Agreement includes 33 Cat® 793 trucks being converted to autonomous haulage Caterpillar will assist with autonomy deployment, change management and training In addition to improving worker safety, Fr...
Richard C. Adkerson Inducted into the National Mining Hall of Fame
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced Richard C. Adkerson, Chairman and Chief Executive Officer, has been inducted into the National Mining Hall of Fame in recogn...
Copper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's Adkerson
Richard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk copper demand in the global economy, copper prices and more.
Freeport-McMoRan increases copper, gold and moly production in Q3; net income up 12% to $454M
(Kitco News) - Freeport-McMoRan (NYSE: FCX), one of the world's leading copper and gold producers, announced today that the company produced 1,085 million pounds of recoverable copper in Q3 2023, 3% h...
Freeport-McMoRan Third-Quarter 2023 Financial and Operating Results Release Available on Its Website
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its third-quarter 2023 financial and operating results press release on the Investor Relations page of it...
Look to defense, energy, and natural resources for defensive plays, says Michael Cuggino
Michael Cuggino, portfolio manager of the Permanent Portfolio Family of Funds, joins 'The Exchange' to discuss geopolitical risk, growing investor appetite for defensive stocks, divisiveness over the ...
DCLA's Sarat Sethi buys Freeport-McMoRan
Josh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC's ‘Halftime Report' to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Freeport-McMoRan Publishes Updated Climate Report
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its annual Climate Report outlining FCX's ongoing progress to advance its climate strategy focused on red...
Final Trades: Carmax, Uber & more
The "Halftime Report" traders give their top picks to watch for the second half.
Final Trades: Freeport-McMoran, gold & more
The "Halftime Report" traders give their top picks to watch for the second half.
Copper behemoth Freeport-McMoRan reports cybersecurity incident
(Kitco News) - FCX said that to date, there has been limited impact on production.
Freeport-McMoRan hit by ‘cybersecurity incident'
Freeport-McMoRan Inc. FCX, -1.88% said Friday it was looking into a “cybersecurity incident” that affected its information systems. The gold and copper miner's stock fell 1.6% in morning trading.
Freeport-McMoRan Investigating Cybersecurity Incident
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (the “Company”) (NYSE: FCX) is investigating a cybersecurity incident affecting its information systems. The Company is assessing the impact and proacti...
Red Metal Stock Due For Rebound
Shares of copper miner Freeport-McMoRan (FCX) are struggling this month, as the red metal's prices suffer amid weakening trade data from China.
Freeport-McMoRan (FCX): A Fairly Valued Gem in the Mining Sector
As of July 24, 2023, Freeport-McMoRan Inc ( FCX , Financial) has seen a gain of 3.47% in its stock price, now valued at $42.02 per share. With a market capitalization of $60.2 billion, the company's k...
Freeport-McMoRan says shipping delays in Indonesia impacted copper sales in Q2; reports net income of $343M
(Kitco News) - Freeport-McMoRan (NYSE: FCX), one of the world's largest copper and gold producers, announced today that the company produced 1,067 million pounds of recoverable copper in Q2 2023, slig...
Freeport-McMoRan Second-Quarter 2023 Financial and Operating Results Release Available on Its Website
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its second-quarter 2023 financial and operating results press release on the Investor Relations page of i...
What To Expect From Freeport's Q2 Results
Freeport-McMoRan (NYSE: FCX), one of the largest producers of copper, is expected to publish its Q2 2023 results around July 20th.
Freeport-McMoRan: Analysts Bullish Ahead Of Growth Copper's Spurt
When you think of the metal most crucial to the rapidly growing movement toward decarbonization, lithium might pop into your mind, as its use in batteries has been widely touted.