Freeport-McMoRan Inc. (FCX)
| Market Cap | 69.97B |
| Revenue (ttm) | 23.79B |
| Net Income (ttm) | 1.66B |
| Shares Out | 1.44B |
| EPS (ttm) | 1.13 |
| PE Ratio | 43.11 |
| Forward PE | 26.99 |
| Dividend | $0.08 (0.15%) |
| Ex-Dividend Date | Jul 15, 2024 |
| Volume | 8,259,380 |
| Open | 47.88 |
| Previous Close | 48.41 |
| Day's Range | 47.70 - 48.79 |
| 52-Week Range | 32.83 - 55.24 |
| Beta | 1.96 |
| Analysts | Buy |
| Price Target | 51.83 (+6.41%) |
| Earnings Date | Jul 23, 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. 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]
Financial Performance
In 2023, FCX's revenue was $22.86 billion, an increase of 0.33% compared to the previous year's $22.78 billion. Earnings were $1.85 billion, a decrease of -46.71%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for FCX stock is "Buy." The 12-month stock price forecast is $51.83, which is an increase of 6.41% from the latest price.
News
Freeport Commences Commissioning of New Indonesian Smelter and Provides Update on Second-Quarter 2024 Copper and Gold Sales
PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) announced today that its Indonesian subsidiary, PT Freeport Indonesia (PT-FI), substantially completed construction of its new Manyar smelter in Gresik, ...
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 August 1, 2024, to s...
IBM, CRM, FCX: Importance of Data Infrastructure to A.I.
Data infrastructure is the largest and fastest growing subsector of software, notes Jessica Inskip on IBM (IBM). She and Ben Lichtenstein discuss IBM, Salesforce (CRM), and Freeport-McMoRan (FCX), as ...
Copper Shortages Signal Bright Future For Freeport-McMoRan, Alcoa, Buenaventura: Morgan Stanley
Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc FCX, Alcoa Corp AA, and Compañía de Minas Buenaventura SAA BVN to Overweight, citing persistent copper supply challenges and pos...
Buy Freeport-McMoRan, Alcoa Stocks to Bet on Copper, Aluminum, Says Analyst
Morgan Stanley analyst Carlos De Alba upgraded both aluminum producer Alcoa and copper miner Freeport-McMoRan stock to Buy from Hold. EVs and HVACs will drive up the metals' prices.
Calls of the Day: Palo Alto, Tesla and Freeport-McMoran
The Investment Committee discuss the latest Calls Of The Day.
Max Resource Issues an Update on the Acquisition of the Floralia Hematite Iron Ore Property in Brazil
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") reports further to its news release of May 16, 202...
Final Trades: Freeport-McMoran, Qualcomm, Caterpillar and Starbucks
The Investment Committee gives you their top stocks to watch for the second half.
Commodity Stocks Caught Fire. Now, It's Time to Get Out.
Investors have gotten ahead of themselves. These names have big gains, then big losses.
Freeport-McMoRan CEO: We are 'very focussed' on copper
Kathleen Quirk, CEO of Freeport-McMoRan, and Richard Adkerson, chairman and former CEO, join 'Money Movers' to discuss the reasons behind the leadership change and more
Freeport CEO Kathleen L. Quirk to Receive The Copper Club's Ankh Award
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced Kathleen L. Quirk will receive the Ankh Award at The Copper Club's annual dinner on June 12, 2024, in recognition of her exc...
With Over 10% Gains This Year Is Altria Stock A Better Pick Than Freeport?
We believe that Altria stock (NYSE: MO) is a better pick over Freeport-McMoRan stock (NYSE: FCX), given its better prospects. Although these companies are from different sectors, we compare them becau...
Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom
Hedge funds started cutting their stakes in the Magnificent Seven in the first quarter of 2024 and investing in broader artificial intelligence stocks instead, a new Goldman Sachs analysis shows.
These copper stocks are buzzing as copper price hits record high
Demand for copper in a diverse set of industries has been on the rise this year as the global economy continues to thrive. In fact, price of the industrial metal hit an all-time high on Tuesday.
Freeport-McMoRan CEO on copper: We're on a trend to have a very serious shortage
Richard Adkerson, Freeport-McMoRan CEO, joins CNBC's 'Money Movers' to discuss the copper supply shortage, the outlook on copper demand, the data center boom, and more.
S&P 500 Gains and Losses Today: Freeport-McMoRan Boosted by Record Copper Prices
Major U.S. equities indexes were mixed to close out a trading week that saw all three market gauges pop to all-time highs amid renewed optimism about interest rate cuts.
Trade Tracker: Stephanie Link buys more Freeport-McMoRan and the India ETF
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her latest buys.
Max Resource to Purchase the Floralia Hematite Iron Ore Property in Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce the completion of diligence ...
Four stocks to watch for macro signals
Jake Schurmeier, Harbor Capital Advisors portfolio manager, joins CNBC's 'The Exchange' to discuss what stocks he's watching, the path to a Fed rate cut, and more.
Final Trades: Pfizer, Vertex, Freeport-McMoran and Qualcomm
The Investment Committee give you their top stocks to watch for the second half.
How to trade Fed news, plus stocks to consider
The Federal Reserve has entered a two-day meeting that will end with an announcement about its decision regarding interest rates. In the meantime, debate on Wall Street has been raging over how, when,...
Anglo American and Other Copper Stocks Have Surged. Time to Sell.
Copper prices and shares of copper miners have just run too hot—and look vulnerable to declines.
Freeport-McMoRan Publishes 2023 Annual Report on Sustainability
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its 2023 Annual Report on Sustainability detailing its environmental, social and governance performance d...
I've never been more enthusiastic on the outlook for copper, says Freeport-McMoRan CEO
Richard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk the global commodity supply chain, metal commodity demand, markets in China and more.