FCX - Freeport-McMoRan Inc.

NYSE - NYSE Delayed Price. Currency in USD
12.38
-0.18 (-1.43%)
At close: 4:00PM EST

12.49 +0.11 (0.89%)
Pre-Market: 8:15AM EST

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Previous Close12.56
Open12.27
Bid12.40 x 1200
Ask12.44 x 1800
Day's Range12.11 - 12.41
52 Week Range9.60 - 20.25
Volume26,656,252
Avg. Volume20,697,808
Market Cap17.939B
Beta (3Y Monthly)2.06
PE Ratio (TTM)5.71
EPS (TTM)2.17
Earnings DateJan 24, 2019
Forward Dividend & Yield0.20 (1.65%)
Ex-Dividend Date2019-01-14
1y Target Est15.07
Trade prices are not sourced from all markets
  • Could Freeport-McMoRan’s Rally Lose Steam?
    Market Realist1 hour ago

    Could Freeport-McMoRan’s Rally Lose Steam?

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street(Continued from Prior Part)Freeport-McMoRan’s rally As of January 18, Freeport-McMoRan (FCX) stock had risen 21.8% this year. Of the 23 analysts covering the stock, seven have assigned it

  • Here’s What Markets Expect for Freeport’s Earnings Call
    Market Realist18 hours ago

    Here’s What Markets Expect for Freeport’s Earnings Call

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street(Continued from Prior Part)Freeport’s earnings call Freeport-McMoRan (FCX) is scheduled to hold its fourth-quarter earnings call on January 24. In this article, we’ll look at what

  • Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street
    Market Realist20 hours ago

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street(Continued from Prior Part)Freeport-McMoRan’s Q4 earnings Freeport-McMoRan (FCX) is expected to release its fourth-quarter results on January 24. Analysts expect Freeport to post revenue of

  • What's in Store for Freeport (FCX) This Earnings Season?
    Zacksyesterday

    What's in Store for Freeport (FCX) This Earnings Season?

    For Q4, Freeport (FCX) expects consolidated sales volumes for copper and gold to be 790 million pounds and 330,000 ounces, respectively.

  • Is Freeport-McMoRan Inc. (NYSE:FCX) A Financially Sound Company?
    Simply Wall St.yesterday

    Is Freeport-McMoRan Inc. (NYSE:FCX) A Financially Sound Company?

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Freeport-McMoRan Inc. (NYSE:FCX) a safer option. Market participants who are conscious of risk tend to Read More...

  • Markityesterday

    See what the IHS Markit Score report has to say about Freeport-McMoRan Inc.

    # Freeport-McMoRan Inc ### NYSE:FCX View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for FCX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCX. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FCX totaled $1.35 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Square, Freeport-McMoRan, Netflix and American Express highlighted as Zacks Bull and Bear of the Day
    Zacks5 days ago

    Square, Freeport-McMoRan, Netflix and American Express highlighted as Zacks Bull and Bear of the Day

    Square, Freeport-McMoRan, Netflix and American Express highlighted as Zacks Bull and Bear of the Day

  • Bear of the Day: Freeport-McMoRan (FCX)
    Zacks5 days ago

    Bear of the Day: Freeport-McMoRan (FCX)

    Bear of the Day: Freeport-McMoRan (FCX)

  • Earnings Preview: Freeport-McMoRan (FCX) Q4 Earnings Expected to Decline
    Zacks6 days ago

    Earnings Preview: Freeport-McMoRan (FCX) Q4 Earnings Expected to Decline

    Freeport-McMoRan (FCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about Freeport-McMoRan Inc.

    # Freeport-McMoRan Inc ### NYSE:FCX View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for FCX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCX. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.00 billion over the last one-month into ETFs that hold FCX are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Why Shares of Freeport-McMoRan Plummeted 46% in 2018
    Motley Fool9 days ago

    Why Shares of Freeport-McMoRan Plummeted 46% in 2018

    The price of copper dropped 20% through the year. But that wasn't the only factor that contributed to the stock's decline.

  • Copper’s Diagnosis: How Severe Is China’s Slowdown?
    Market Realist9 days ago

    Copper’s Diagnosis: How Severe Is China’s Slowdown?

    Copper's Diagnosis: How Severe Is China’s Slowdown? ## China’s slowdown China’s slowdown appears to be the biggest challenge for global markets. The country’s slowdown has been amplified by the trade war with the US (SPY). Several indicators, including automotive sales, have pointed to a deeper slowdown in the world’s second-largest economy. What do China’s copper imports tell us about its economy? China (FXI) doesn’t have enough copper reserves. However, China is the largest copper importer. The country’s copper imports are seen as a leading indicator of its copper demand and economic activity. ## Imports fell In December, China imported 429,000 metric tons of unwrought copper. The imports fell 4.7% YoY (year-over-year) and were also lower on a sequential basis. China’s unwrought copper imports have fallen on a yearly basis for two consecutive months. China’s copper ore and concentrate imports fell to 1.46 million metric tons in December from 1.7 million tons in November. The imports also fell 11.5% YoY. In December, the imports were at the lowest level since February. ## Analysis The fiscal 2018 picture looks strong. Unwrought copper and copper ore imports rose on a yearly basis. However, what we’ve seen over the last few months is a slowdown in China’s copper imports. So far, leading copper miners including Freeport-McMoRan (FCX) have maintained that the underlying demand from China has been strong. However, falling Chinese copper imports might persuade copper miners to tone down their expectations for China’s copper demand (BABA). Apple (AAPL) also lowered its revenue forecast due to the slowdown in China’s sales. Read Why China Might Need a New Economic Model Now for more analysis of China’s slowdown.

  • Zacks13 days ago

    Zacks Earnings Trends Highlights: Apple, Chevron and Freeport-McMoRan

    Zacks Earnings Trends Highlights: Apple, Chevron and Freeport-McMoRan

  • 3 Key Charts for Q4 Earnings Season
    Zacks14 days ago

    3 Key Charts for Q4 Earnings Season

    3 Key Charts for Q4 Earnings Season

  • Why Goldman Sachs Expects Iron Ore Prices to Drop to $60
    Market Realist14 days ago

    Why Goldman Sachs Expects Iron Ore Prices to Drop to $60

    Why Goldman Sachs Expects Iron Ore Prices to Drop to $60 ## Resilient iron ore prices As we noted in Is the Party Over for Commodities as China Steel Feels the Heat? in November, iron ore prices started collapsing after Chinese steel mills’ margins gave way. In iron ore’s typical price pattern, prices once again started rising and increased ~11% in December. Prices have rallied back to over $70 per ton. ## Goldman Sachs says prices could drop to $60 According to Bloomberg, in a note released today, Goldman Sachs (GS) analysts, including Hui Shan, stated that while the industry’s fundamentals have improved, more supply is on the way, which should restrict the rise in prices. The bank expects iron ore prices to fall to $60 per ton in the next six months. Goldman’s analysts argue that $75 per ton for iron ore is not sustainable for two reasons: “First, part of the rally was fueled by mills restocking ahead of the Chinese New Year. Second, supply is set to increase in 2019.” ## Downside ahead for iron ore? Morgan Stanley (MS) also expects to see losses in the commodity (XME). On January 7, it said, “We’re iron ore bears from here, though, expecting falling crude steel output and growing seaborne supply to ultimately bring price back to the mid-low-$60s/ton.” Moreover, big miners such as Vale (VALE), BHP (BHP), and Rio Tinto (RIO) have been enjoying higher premiums on higher-grade ore due to China’s switch in a bid to control pollution. This switch was supported by higher margins. As margins have waned, it seems like the party might be over for iron ore miners, at least in the short term. The producers of metals such as copper (FCX) and aluminum (AA) have also been under pressure due to China’s muted demand outlook. You can read Why Iron Ore Is Bucking Falling Price Trends Unlike Other Metals for more on this topic.

  • PR Newswire14 days ago

    Global EV Demand Drives Scramble for Fresh Supplies of Vital Metals

    With global electric vehicle (EV) demand growth creating the potential for tight supplies in battery metals such as cobalt, multinational companies and industrialized nations are working to secure these critical metals as prices are projected to rise. The growing market for electric vehicles has led to much higher demand for battery metals such as cobalt, lithium and nickel. As the largest producer of EVs and largest consumer of battery metals in the world, China is aggressively looking to secure additional supplies of these critical minerals.

  • Reuters14 days ago

    Indonesia forecasts drop in Grasberg copper concentrate exports in 2019

    Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesday. In 2019, copper concentrate exports are expected to drop to 200,000 tonnes from about 1.2 million tonnes last year, said Yunus Saefulhak, the director of minerals at the Energy and Mineral Resources Ministry. Grasberg's operator, U.S. miner Freeport McMoRan Inc , has documented the output decline, which is the result of the switch from the depleting open pit mine early this year but before a massive expansion of a coexisting underground mine ramps up to full production.

  • Reuters14 days ago

    Indonesia sees Grasberg copper concentrate exports dwindling in 2019

    * Exports of copper concentrate from Indonesia's Grasberg mine, the world's second-largest copper mine, are expected to drop to 200,000 tonnes this year from around 1.2 million tonnes in 2018, an official ...

  • Why Freeport-McMoRan Stock Slumped Nearly 14% in December
    Motley Fool15 days ago

    Why Freeport-McMoRan Stock Slumped Nearly 14% in December

    Economic uncertainty weighed on copper prices last month.

  • Freeport-McMoRan Could Test 2016 Low
    Investopedia19 days ago

    Freeport-McMoRan Could Test 2016 Low

    Freeport-McMoRan stock has reached critical support after a wickedly bearish 2018 and could break down in the coming months.

  • Implied Volatility Surging for Freeport-McMoRan (FCX) Stock Options
    Zacks21 days ago

    Implied Volatility Surging for Freeport-McMoRan (FCX) Stock Options

    Investors need to pay close attention to Freeport-McMoRan (FCX) stock based on the movements in the options market lately.

  • Why Analysts Expect Higher Earnings for Vale Going Forward
    Market Realist23 days ago

    Why Analysts Expect Higher Earnings for Vale Going Forward

    As of December 21, Vale (VALE) had returned 5.5% year-to-date. While the stock’s gains haven’t been much in absolute terms, it has outperformed most of its close peers. In the same period, Rio Tinto (RIO) has returned -9.8%, BHP (BHP) has returned 2.4%, and Freeport McMoran (FCX) and Glencore (GLNCY) have fallen 47.2% and 32.8%, respectively.

  • Why Are Analysts Turning Around on Vale?
    Market Realist26 days ago

    Why Are Analysts Turning Around on Vale?

    Among the three major seaborne iron ore miners we’re discussing in this series, Vale (VALE) stock has the highest percentage of “buy” ratings from 78% of the analysts covering it. At the end of April, 56.0% of analysts had “buy” ratings on the stock. Approximately 18.0% of analysts have given it “holds,” and 4.0% have given it “sells.” Vale’s target price suggests a potential 32% upside based on its current market price.

  • Is Analysts’ Sentiment Taking a Turn for the Worse for BHP?
    Market Realist27 days ago

    Is Analysts’ Sentiment Taking a Turn for the Worse for BHP?

    According to the data compiled by Thomson Reuters, 18 analysts are covering BHP Billiton (BHP) stock. Of these analysts, only 39.0% have given the stock “buys,” 56.0% have given it “holds,” and 5.0% have given it “sells.”

  • A Spotlight On Freeport-McMoRan Inc.’s (NYSE:FCX) Fundamentals
    Simply Wall St.28 days ago

    A Spotlight On Freeport-McMoRan Inc.’s (NYSE:FCX) Fundamentals

    Freeport-McMoRan Inc. (NYSE:FCX) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case Read More...