Freeport-McMoRan Inc. (FCX)

NYSE: FCX · Real-Time Price · USD
38.86
+0.62 (1.62%)
At close: Dec 20, 2024, 4:01 PM
39.20
+0.34 (0.87%)
After-hours: Dec 20, 2024, 7:55 PM EST
1.62%
Market Cap 55.84B
Revenue (ttm) 25.64B
Net Income (ttm) 2.00B
Shares Out 1.44B
EPS (ttm) 1.38
PE Ratio 28.16
Forward PE 21.95
Dividend $0.60 (1.54%)
Ex-Dividend Date Oct 15, 2024
Volume 21,924,738
Open 37.98
Previous Close 38.24
Day's Range 37.96 - 39.29
52-Week Range 36.26 - 55.24
Beta 1.85
Analysts Buy
Price Target 56.00 (+44.11%)
Earnings Date Jan 22, 2025

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. The company’s assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its na... [Read more]

Industry Copper
Sector Materials
Founded 1987
Employees 27,200
Stock Exchange NYSE
Ticker Symbol FCX
Full Company Profile

Financial Performance

In 2023, Freeport-McMoRan's revenue was $22.86 billion, an increase of 0.33% compared to the previous year's $22.78 billion. Earnings were $1.84 billion, a decrease of -46.78%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for FCX stock is "Buy." The 12-month stock price forecast is $56.0, which is an increase of 44.11% from the latest price.

Price Target
$56.0
(44.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Final Trades: Freeport McMoran, Columbia Banking, P&G and Target

It's Friday's Final Trades—don't miss the Investment Committee's top picks for the week!

Other symbols: COLBPGTGT
2 days ago - CNBC Television

Freeport-McMoRan: A Good Option To Capitalize On The Future Of Copper

Freeport-McMoRan is a leading U.S.-based copper miner with 104 billion lbs of proven copper reserves and operations in North America, South America, and Indonesia. The company generates 74% of its rev...

3 days ago - Seeking Alpha

Freeport Declares Quarterly Cash Dividends on Common Stock

PHOENIX--(BUSINESS WIRE)--Freeport (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 3, 2025, to shareholders...

4 days ago - Business Wire

Freeport-McMoRan's Death Cross: Copper Giant's Pivotal Moment

Freeport-McMoRan Inc. FCX just hit a bearish milestone: a Death Cross . This technical signal, where the 50-day exponential moving average dips below the 200-day, is often seen as a harbinger of exten...

13 days ago - Benzinga

PLTR, FCX, MS: Names Highlighting Bullish 2025 Trends

A.I., metals and finances are all industries Michael Cuggino will watch heading into the new year. For Palantir (PLTR), he believes the stock has "room to run" even after the company hit another new a...

Other symbols: PLTRMS
18 days ago - Schwab Network

Copper's High-Wire Act: Can EVs, New Tech Power The Metal's Next Big Surge?

As the world hurtles toward an electrified future, the copper market stands at a crossroads.

Other symbols: BHPCOPXCPERICOP
27 days ago - Benzinga

Final Trades: Starbucks, Freeport-McMoran, Constellation Energy and the XLU

The Investment Committee give you their top stocks to watch for the second half.

Other symbols: CEGSBUX
6 weeks ago - CNBC Television

Gold At Record High: Why Isn't FCX Stock Following Suite?

Freeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the last month, falling by 8% compared to the S&P 500 which was up 1%. Does this come as a su...

6 weeks ago - Forbes

Freeport-McMoRan: Good Value Proposition If You Know What You Are Buying

Leaching production provided efficiency gains at the expense of lower copper production. Milling inefficiency in the US was offset by full-capacity operations in South America and excellent low-cost m...

7 weeks ago - Seeking Alpha

Freeport-McMoRan Q3 Earnings: The Market Is Not Impressed

Freeport-McMoRan's share price and trading volumes were not influenced by the recent earnings release. Some progress is being made on expansion projects and cost structure, but market participants hav...

2 months ago - Seeking Alpha

Freeport-McMoRan Inc. (FCX) Q3 2024 Earnings Call Transcript

Freeport-McMoRan Inc. (NYSE:FCX) Q3 2024 Earnings Conference Call October 22, 2024 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathle...

2 months ago - Seeking Alpha

Freeport Third-Quarter and Nine-Month 2024 Financial and Operating Results Release Available on Its Website

PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) today announced that it has posted its third-quarter and nine-month 2024 financial and operating results press release on the Investor Relations page of ...

2 months ago - Business Wire

Teck Resources Vs. Freeport-McMoRan: China Stimulus Boost Or Trump Tariff Blues?

The copper market is caught between a stimulus-fueled surge and the looming specter of Trump 2.0 tariffs.

Other symbols: TECK
2 months ago - Benzinga

Max Resource Announces Closing of Transaction to Purchase 100% of the Florália Hematite Iron Ore Project in Brazil

Vancouver, British Columbia--(Newsfile Corp. - October 11, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its new...

2 months ago - Newsfile Corp

The Big 3: FCX, EXC & VALE

Materials and Utilities take the focus of today's Big 3. Alan Knuckman breaks down the technical trends of Freeport-McMoRan (FCX), Exelon (EXC), and Vale SA (VALE) with Rick Ducat and Nicole Petallide...

Other symbols: VALEEXC
2 months ago - Schwab Network

Mining Stocks Sink on Disappointment with Latest China Stimulus

Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipated added stimulus pac...

2 months ago - Investopedia

Final Trades: PDD Holdings, Freeport-McMoran, JetBlue & Uber

Here's today's Final Trades from the Fast Money traders.

Other symbols: JBLUPDDUBER
2 months ago - CNBC Television

Freeport-McMoRan: China Stimulus Is A Big Deal

Freeport-McMoRan's shares remain stable due to strong long-term copper demand, driven by China's economic recovery and AI-driven infrastructure projects. China's aggressive stimulus measures and focus...

2 months ago - Seeking Alpha

US-Listed Casino and Copper Stocks Surge Following Chinese Stimulus Measures

Since China launched a series of stimulus measures, US-listed casino and copper stocks have performed exceptionally well. A research company is suggesting investors consider buying these stocks.

Other symbols: LVSMLCOWYNN
2 months ago - GuruFocus

Focus: Freeport cranks up copper output as rivals scour for deals to grow

Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a buyout frenzy sweeping the mining industry, a strategy that analysts say positions the company well...

3 months ago - Reuters

Trade School: China exposure

Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to break down the China Trade and share some of the moves she's making in her portfolio.

Other symbols: FXILVS
3 months ago - CNBC Television

China stimulus: top 3 commodities stocks to consider

China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week.

Other symbols: VALEX
3 months ago - Invezz

Top 4 Materials Stocks That May Implode In Q3

As of Sept. 27, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: MPMTSCCO
3 months ago - Benzinga

Copper Loves the Fed Cut. 6 Sleeper Stocks to Play Catch-Up.

It might be too late for mining stocks, but there are other buys out there linked to the metal.And they have room to run.

Other symbols: AGCODVNZEUS
3 months ago - Barrons

S&P 500 Gains and Losses Today: Economic Stimulus Boosts China-Facing Stocks

Major U.S. equities indexes ticked higher on Tuesday, shaking off a report that revealed a steeper-than-expected drop in consumer confidence this month.

3 months ago - Investopedia