Freeport-McMoRan Inc. (FCX)
| Market Cap | 71.16B |
| Revenue (ttm) | 22.86B |
| Net Income (ttm) | 1.85B |
| Shares Out | 1.43B |
| EPS (ttm) | 1.28 |
| PE Ratio | 38.76 |
| Forward PE | 30.42 |
| Dividend | $0.60 (1.21%) |
| Ex-Dividend Date | Apr 12, 2024 |
| Volume | 17,022,252 |
| Open | 50.25 |
| Previous Close | 50.16 |
| Day's Range | 49.37 - 51.08 |
| 52-Week Range | 32.83 - 52.42 |
| Beta | 2.06 |
| Analysts | Hold |
| Price Target | 46.00 (-7.28%) |
| Earnings Date | Apr 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 11 analysts, the average rating for FCX stock is "Hold." The 12-month stock price forecast is $46.0, which is a decrease of -7.28% from the latest price.
News
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Top two U.S. copper stocks to buy as Rio Tinto promotes copper chief
Rio Tinto Ltd (LON: RIO) is in the green at writing after naming Bold Baatar its new chief commercial officer. Rio Tinto is committed to expanding in copper Baatar has been with the mining giant since...
Sully's Stats: CIC's Malcolm Etheridge shares his takes on Exxon Mobil and Freeport-McMoran
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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 May 1, 2024, to shar...
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Freeport-McMoran CEO: Copper demand is driven by carbon reduction investments and AI
Freeport-McMoran CEO Richard Adkerson joins 'Money Movers' to discuss the recent price action in copper and Adkerson's forecast for the commodity, the company's efforts to supply copper, and much more...
As AI Continues To Dominate Headlines, Copper's Critical Role Comes Into Focus - Advanced Micro Devices (NASDAQ:AMD), Boeing (NYSE:BA)
Artificial intelligence has the potential to be one of the most impactful technologies in human history – and one of the most lucrative. Analysts at Bank of America BA believe the technology will add ...
Trade Tracker: Steve Weiss sells Freeport-McMoran and buys more Archer-Daniels-Midland
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to detail his latest portfolio moves.
ArcWest Provides Exploration Update on 2023 Todd Creek Program, Funded by Freeport-McMoRan Mineral Properties Canada Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest") is pleased to report results from the Company's comprehensive 2023 exploration program ...
Final Trade: IWM, BABA, AEM, FCX
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Freeport-McMoRan Names Kathleen Quirk Next CEO
The appointment will be effective at the annual meeting of shareholders on June 11, the company said.
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...
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...
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...
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.
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...
Trade Tracker: Jason Snipe buys Intuit and Steve Weiss buys more Freeport McMoran
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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...