FCX - Freeport-McMoRan Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
19.33
-0.24 (-1.23%)
As of 10:37AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close19.18
Open19.59
Bid19.35 x 1500
Ask19.36 x 2900
Day's Range19.26 - 19.68
52 Week Range11.05 - 20.25
Volume3,631,794
Avg. Volume18,020,425
Market Cap27.987B
Beta2.48
PE Ratio (TTM)15.43
EPS (TTM)1.25
Earnings DateApr 24, 2018
Forward Dividend & Yield0.20 (1.10%)
Ex-Dividend Date2018-04-12
1y Target Est20.57
Trade prices are not sourced from all markets
  • "Fast Money" final trades: SMH, FCX and more
    CNBC Videos2 days ago

    "Fast Money" final trades: SMH, FCX and more

    The “Fast Money” traders share their final trades for the day including Devon Energy, GW Pharmaceuticals, VanEck Vectors Semiconductors ETF and Freeport-McMoRan.

  • Freeport's (FCX) Q1 Earnings: What's in Store for the Stock?
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    Freeport's (FCX) Q1 Earnings: What's in Store for the Stock?

    While Freeport (FCX) may continue to gain from improved metal prices, higher expected unit net cash costs may weigh on its Q1 earnings.

  • Metal Stocks Rally amid Sanctions and Earnings Beat
    Market Realistyesterday

    Metal Stocks Rally amid Sanctions and Earnings Beat

    Metal and mining stocks saw a sharp rally yesterday. Looking at individual names, Alcoa (AA) and Freeport-McMoRan (FCX) gained 4.0% and 4.8%, respectively. In the steel space, U.S. Steel Corporation (X) and AK Steel (AKS) gained 3.1% and 2.3%, respectively. Notably, the stocks saw a significant increase in an otherwise range-bound market. The SPDR Dow Jones Industrial Average ETF (DIA) closed with a marginal loss of 0.17% on April 18. Steel stocks also defied a downgrade by UBS.

  • Your first trade for Thursday, April 19
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    Your first trade for Thursday, April 19

    The "Fast Money" traders share their first moves for the market open.

  • Why Freeport-McMoRan, United Continental Holdings, and CSX Jumped Today
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    Why Freeport-McMoRan, United Continental Holdings, and CSX Jumped Today

    Find out which stocks stood out on a solid market day.

  • How Wall Street Sees Freeport-McMoRan this Earnings Season
    Market Realist2 days ago

    How Wall Street Sees Freeport-McMoRan this Earnings Season

    Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.

  • What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call
    Market Realist2 days ago

    What to Watch for on Freeport-McMoRan’s 1Q18 Earnings Call

    Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.

  • Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?
    Market Realist2 days ago

    Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?

    In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.

  • Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?
    Market Realist2 days ago

    Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?

    Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.

  • Freeport-McMoRan’s 1Q18 Earnings: The Word on Wall Street
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    Freeport-McMoRan’s 1Q18 Earnings: The Word on Wall Street

    Freeport-McMoRan (FCX), the leading US-based copper miner, is slated to release its 1Q18 earnings on April 24. Teck Resources (TECK) is also expected to release its quarterly earnings on the same day, followed by First Quantum Minerals’ (FM) earnings release on April 26. Since it’s quarterly earnings season, diversified miners including BHP Billiton (BHP) will likely only release their operational data, as these companies only release their half-yearly and annual financial results.

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  • How Trade Friction and US Missiles Could Affect Copper
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    How Trade Friction and US Missiles Could Affect Copper

    Copper prices have been subdued this year. Copper prices tend to be sensitive to geopolitical developments. Since China is the world’s largest copper consumer, copper prices react to any event associated with the country.

  • GlobeNewswire4 days ago

    Factors of Influence in 2018, Key Indicators and Opportunity within McDonald's, Biogen, Freeport-McMoRan, Community Health, Enphase Energy, and Exxon Mobil — New Research Emphasizes Economic Growth

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  • China’s Copper Imports Steady in March amid Rising Inventories
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    China’s Copper Imports Steady in March amid Rising Inventories

    China is the world’s biggest copper importer. Copper mining is concentrated in Latin America (ILF). Freeport-McMoRan (FCX) and Southern Copper (SCCO) have plants in the copper-rich region. China’s copper imports are seen as an indicator of the country’s copper demand. In this article, we’ll look at China’s March 2018 copper imports.

  • Has Trump’s Tough Trade Talk Started to Bite China?
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    Has Trump’s Tough Trade Talk Started to Bite China?

    Global financial markets have been quite volatile over the last month. We’ve seen the United States and China take each other head-on in a trade war. After the Section 232 tariffs targeted several countries, President Trump set his sights on China, which runs a massive trade surplus with the United States. The broader markets have pared their 2018 gains amid an escalating US-China trade war. The SPDR S&P 500 ETF (SPY) is now trading with a year-to-date loss of 0.34%, based on April 12 closing prices.

  • Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?
    Market Realist7 days ago

    Freeport-McMoRan’s Valuation: Are Risks Adequately Priced In?

    Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 4.5x, whereas copper mining peers Antofagasta (ANTO) and Anglo American (AAL-L) have EV-to-EBITDA multiples of 5.5x and 4.7x, respectively, and Southern Copper (SCCO) and Glencore (GLNCY) have multiples of 5.8x and 11.0x. Based on the above 2018 multiples, Freeport appears to be the cheapest among the copper mining stocks we’re covering, while Southern Copper appears to be the most expensive. This year has been an unusual one for Freeport, as it is ending open-pit mining at its Grasberg mine.

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  • Uncertainties Surround Freeport’s Indonesia Operations
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    Uncertainties Surround Freeport’s Indonesia Operations

    Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia (EIDO) with Rio Tinto (RIO) (TRQ) as a minority partner. While the mine is a crown jewel in Freeport’s portfolio due to its vast size and attractive unit cash costs, its operations have been surrounded by uncertainties. Let’s discuss these uncertainties in perspective.

  • US-China Trade War and Copper: Is there a Connection?
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    US-China Trade War and Copper: Is there a Connection?

    Firstly, as China is the world’s largest copper consumer, anything negative for the Chinese economy is a bearish driver for industrial metals. BHP Billiton (BHP), Vale (VALE), and Rio Tinto (RIO) rely heavily on China’s metal appetite. A US-China trade war could impact the Chinese economy.

  • Why Copper Miners Have Been Resilient This Year
    Market Realist8 days ago

    Why Copper Miners Have Been Resilient This Year

    Pure-play copper miners Freeport-McMoRan (FCX) and First Quantum Minerals (FM) had fallen 5.7% and 1.9%, respectively, this year as of April 6. What does this divergence between copper and miner stock prices tell us? In the case of copper miners such as Antofagasta (ANTO), earnings are sensitive to changes in copper prices.

  • Could Copper Markets Reach a Surplus in 2018?
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    Could Copper Markets Reach a Surplus in 2018?

    Whether markets are in a state of deficit or surplus is a function of both supply and demand. In this article, we’ll look at leading copper miners’ 2018 operating plans to gauge how copper supply could play out this year. According to CNBC, Codelco CEO Nelson Pizarro stated that the world’s largest copper miner expects to produce “slightly more than 1.7 million tonnes of copper in 2018.” Codelco produced 1.7 billion pounds of copper last year, and the company expects its 2018 copper production to be similar.

  • Better Buy: Freeport-McMoRan Inc. vs. Barrick Gold Corporation
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    Better Buy: Freeport-McMoRan Inc. vs. Barrick Gold Corporation

    Freeport and Barrick are both commodity-driven miners. The choice here really boils down to the commodity you want to own.

  • Copper Bulls Left Disheartened amid Smooth Labor Talks
    Market Realist9 days ago

    Copper Bulls Left Disheartened amid Smooth Labor Talks

    Copper miners, including Freeport-McMoRan (FCX), Southern Copper (SCCO), and Antofagasta (ANTO), rallied last year as the metal surged ~30%. The charges are paid by copper miners to smelters for processing copper concentrates. Over the last year or so, LME inventory changes have been notorious for their timing, with sudden rises or falls impacting copper prices.

  • Why Geopolitical Risk Is a Big Concern for Markets
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    Why Geopolitical Risk Is a Big Concern for Markets

    Investment in risk assets like equity and base metals has never been for the faint-hearted. Investment in equity markets involves several risks including geopolitical risk. Notably, among the broader stock markets, material stocks tend to be more volatile. Stocks like U.S. Steel Corporation (X) and Freeport-McMoRan (FCX) have a beta in excess of one, which signifies a higher risk compared to broader markets.

  • How Copper’s Fundamentals Look amid Trade War Buzz
    Market Realist9 days ago

    How Copper’s Fundamentals Look amid Trade War Buzz

    In 2018, some observers expected copper to remain bullish amid a wave of labor contracts at leading copper mines including BHP Billiton’s (BHP) Escondida, the world’s largest copper mine. Also, Antofagasta (ANTO) managed to avert a strike at its Los Pelambres copper mine. To contrast, in 2017, there were disruptions at several mines, including some operated by Freeport-McMoRan (FCX), Southern Copper (SCCO), and Teck Resources (TECK). In the next article, we’ll see what fundamentals suggest for copper prices.