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Freeport-McMoRan (FCX)
NYSE:FCX
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FCX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.83 - $55.24
Previous Close$43.13
Volume11.57M
Average Volume (3M)11.10M
Market Cap
$63.11B
Enterprise Value$77.41B
Total Cash (Recent Filing)$5.27B
Total Debt (Recent Filing)$9.43B
Price to Earnings (P/E)32.4
Beta1.54
Next Earnings
Oct 17, 2024EPS Estimate
$0.39Last Dividend Ex-Date
Jul 15, 2024Dividend Yield1.4%
Share Statistics
EPS (TTM)1.32
Shares Outstanding1,436,856,316
10 Day Avg. Volume10,217,111
30 Day Avg. Volume11,103,929
Standard Deviation0.14
R-Squared0.48
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.56
Price to Sales (P/S)2.50
Price to Cash Flow (P/CF)7.80
P/FCF Ratio17.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.21
Enterprise Value/Gross Profit10.81
Enterprise Value/Ebitda6.95
Forecast
1Y Price Target
$55.23Price Target Upside25.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Freeport-McMoRan News
Bulls Say, Bears Say
Bulls Say
Cost ReductionsCost reductions in the US and Peru, along with the ramp-up of the Indonesian smelter, are anticipated to positively impact Freeport McMoran.
Earnings GrowthEarnings growth expected due to increased sales volume and higher copper and gold prices.
Export ApprovalApproval received to export copper concentrate and anode slimes through December 2024, aligning with the full operation of the new smelter.
Bears Say
Financial Performance2024 gold sales guidance was cut by 10% due to mine sequencing related to wet conditions at Grasberg.
Operational IssuesSignificant cost pressures at its US operations due to declining grades and unplanned maintenance activities have more than offset the benefit from increased, low-cost production.
Regulatory DelaysDue to a delay in receiving an extension to the export license which expired on 31 May, the company did not export any concentrates from Indonesia in June, leading to a 5% and 30% cut to previous Q2 copper and gold guidance.
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Ownership Overview
1.77% Insiders
29.45% Mutual Funds
45.25% Other Institutional Investors
23.53% 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 $32.83 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 Oct 17, 2024 which is in 28 days.
How were Freeport-McMoRan’s earnings last quarter?
Freeport-McMoRan released its earnings results on Jul 23, 2024. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.397 by $0.063.
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 1.4%. See more information on Freeport-McMoRan dividends here
What is Freeport-McMoRan’s EPS estimate?
Freeport-McMoRan’s EPS estimate is $0.39.
How many shares outstanding does Freeport-McMoRan have?
Freeport-McMoRan has 1,436,856,300 shares outstanding.
What happened to Freeport-McMoRan’s price movement after its last earnings report?
Freeport-McMoRan reported an EPS of $0.46 in its last earnings report, beating expectations of $0.397. Following the earnings report the stock price went down -1.608%.
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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$55.23 (25.75% Upside)
$55.23 (25.75% Upside)
Blogger Sentiment
Bullish
FCX Sentiment 88%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 7.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.6%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
10.77%
12-Months-Change
Fundamentals
Return on Equity
11.39%
Trailing 12-Months
Asset Growth
7.32%
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
Q2 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
$55.23
▲(25.75% Upside)
Technical Analysis
Best Analysts Covering FCX
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+29.27%
reiterated a buy rating 2 months ago
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