Freeport-McMoRan Inc. (FCX)

NYSE: FCX · IEX Real-Time Price · USD
38.03
-0.93 (-2.39%)
At close: Feb 26, 2024, 4:00 PM
38.08
+0.05 (0.13%)
After-hours: Feb 26, 2024, 7:59 PM EST
-2.39%
Market Cap 55.88B
Revenue (ttm) 22.86B
Net Income (ttm) 1.85B
Shares Out 1.43B
EPS (ttm) 1.28
PE Ratio 29.71
Forward PE 23.92
Dividend $0.60 (1.57%)
Ex-Dividend Date Jan 11, 2024
Volume 9,864,145
Open 38.36
Previous Close 38.96
Day's Range 37.61 - 38.41
52-Week Range 32.83 - 44.70
Beta 2.06
Analysts Hold
Price Target 42.90 (+12.81%)
Earnings Date Apr 19, 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]

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

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for FCX stock is "Hold." The 12-month stock price forecast is $42.9, which is an increase of 12.81% from the latest price.

Price Target
$42.9
(12.81% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Final Trade: IWM, BABA, AEM, FCX

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: BABAIWMAEM
11 days ago - CNBC Television

Freeport-McMoRan Names Kathleen Quirk Next CEO

The appointment will be effective at the annual meeting of shareholders on June 11, the company said.

20 days ago - WSJ

Freeport-McMoRan Announces Leadership Transition

PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today the appointment of Kathleen L. Quirk as President and Chief Executive Officer to be effective at the annual meeting of share...

20 days ago - Business Wire

Freeport-McMoRan on Copper Prices: You Ain't Seen Nothing Yet, an Industrial Info News Alert

SUGAR LAND, Texas--(BUSINESS WIRE)--Researched by Industrial Info Resources--Growing demand for copper and higher prices for gold are boosting fortunes at Freeport-McMoRan Incorporated (NYSE:FCX) (Pho...

4 weeks ago - Business Wire

Copper price action is in a 'watch-out situation', says Freeport-McMoran CEO

Richard Adkerson, Freeport-McMoran CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, the outlook for how China will affect Freeport-McMoran's business, and the global pict...

4 weeks ago - CNBC Television

Copper production boosts FreePort-McMoRan results past Wall Street expectations

FreePort-McMoRan Inc.'s stock rose 6.3% on Wednesday after the mining giant's fourth-quarter profit and revenue beat Wall Street projections, with its copper volumes exceeding its earlier estimate.

4 weeks ago - Market Watch

Freeport-McMoRan Fourth-Quarter and Year Ended 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 fourth-quarter and year ended 2023 financial and operating results press release on the Investor Rela...

4 weeks ago - Business Wire

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...

2 months ago - Business Wire

Trade Tracker: Jason Snipe buys Intuit and Steve Weiss buys more Freeport McMoran

The 'Halftime Report' Investment Committee discuss their latest trades.

Other symbols: INTU
2 months ago - CNBC Television

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.

3 months ago - Forbes

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.

Other symbols: BBYLOWNEM
3 months ago - Investopedia

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...

3 months ago - Business Wire

Final Trades: Freeport-McMoRan, Eli Lilly & Humana

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: HUMLLY
4 months ago - CNBC Television

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...

Other symbols: CAT
4 months ago - PRNewsWire

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...

4 months ago - Business Wire

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.

4 months ago - CNBC Television

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...

4 months ago - Kitco

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...

4 months ago - Business Wire

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 ...

Other symbols: LMT
4 months ago - CNBC Television

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.

4 months ago - CNBC Television

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...

5 months ago - Business Wire

Final Trades: Carmax, Uber & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: KMXUBERALB
6 months ago - CNBC Television

Final Trades: Freeport-McMoran, gold & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: FLTGLD
6 months ago - CNBC Television

Copper behemoth Freeport-McMoRan reports cybersecurity incident

(Kitco News) - FCX said that to date, there has been limited impact on production.

7 months ago - Kitco

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.

7 months ago - Market Watch