FCX - Freeport-McMoRan Inc.

NYSE - NYSE Delayed Price. Currency in USD
12.00
-0.02 (-0.17%)
At close: 4:00PM EDT
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Previous close12.02
Open12.07
Bid0.00 x 1200
Ask0.00 x 34100
Day's range11.84 - 12.10
52-week range11.84 - 20.25
Volume12,401,601
Avg. volume18,498,083
Market cap17.388B
Beta (3Y monthly)2.53
PE ratio (TTM)6.05
EPS (TTM)1.98
Earnings date24 Oct 2018
Forward dividend & yield0.20 (1.66%)
Ex-dividend date2018-10-12
1y target est17.32
Trade prices are not sourced from all markets
  • Is Freeport Cheaper Now Compared to Its 2016 Lows?
    Market Realist18 hours ago

    Is Freeport Cheaper Now Compared to Its 2016 Lows?

    In the previous article, we noted that several miners, including BHP Billiton (BHP), Vale (VALE), and Rio Tinto (RIO), have announced share buybacks. While stock prices get all the attention, for mining companies with a significant amount of debt, we should also look at EV (enterprise value). Freeport has an EV of ~$28 billion.

  • Freeport (FCX) to Post Q3 Earnings: What's in the Cards?
    Zacks19 hours ago

    Freeport (FCX) to Post Q3 Earnings: What's in the Cards?

    For Q3, Freeport (FCX) expects consolidated sales volumes for copper and gold to be 970 million pounds and 700,000 ounces, respectively.

  • Companies Play It Safe amid Uncertain Economic Outlook
    Market Realist19 hours ago

    Companies Play It Safe amid Uncertain Economic Outlook

    Earlier this year, Goldman Sachs said US stock buyback authorizations could top $1 trillion this year, which would be the highest absolute level of buybacks since 2007. Recently, Alcoa (AA), the largest US-based aluminum producer, announced a $200 million share buyback. Other metals and mining companies including Vale (VALE) and BHP Billiton (BHP) have also announced share buybacks this year.

  • Should Freeport Consider a Share Buyback?
    Market Realist20 hours ago

    Should Freeport Consider a Share Buyback?

    In the previous article, we learned what analysts are projecting for Freeport-McMoRan’s (FCX) third-quarter earnings results. In this article, we’ll look at the key updates the markets might be expecting on Freeport’s third-quarter earnings call. Grasberg concerns have dominated Freeport’s earnings calls for the last several quarters.

  • Freeport’s Q3 2018 Earnings: What’s the Word on Wall Street?
    Market Realist3 days ago

    Freeport’s Q3 2018 Earnings: What’s the Word on Wall Street?

    Freeport-McMoRan (FCX) is scheduled to release its third-quarter earnings results on October 24. Analysts polled by Thomson Reuters expect Freeport to post revenue of $4.5 billion in the third quarter. Freeport posted an adjusted EBITDA of $1.6 billion in the third quarter of 2017.

  • Can Freeport Turn Things Around with Its Third-Quarter Earnings?
    Market Realist3 days ago

    Can Freeport Turn Things Around with Its Third-Quarter Earnings?

    Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is expected to release its third-quarter earnings on October 24. In this series, we’ll see what analysts are expecting from Freeport’s third-quarter earnings results. The year has been a lackluster one for Freeport as well as the broader metals and mining space.

  • Metals Mining Industry Outlook: Solid Prospects Ahead
    Zacks4 days ago

    Metals Mining Industry Outlook: Solid Prospects Ahead

    Metals Mining Industry Outlook: Solid Prospects Ahead

  • 5 Companies To Watch In The Next Commodity Boom
    Oilprice.com5 days ago

    5 Companies To Watch In The Next Commodity Boom

    Rare element metals have become a vital part of U.S. national security this year, with one element in particular making investors extremely excited

  • Freeport-McMoRan’s Divergence from Copper Prices: What’s Next?
    Market Realist6 days ago

    Freeport-McMoRan’s Divergence from Copper Prices: What’s Next?

    So far in this series, we’ve noted that copper’s near-term outlook looks cloudy due to the US-China trade war. However, copper prices have found some sort of support near the price level of $6,000 per metric ton.

  • Are Mining Companies Bullish on Copper?
    Market Realist6 days ago

    Are Mining Companies Bullish on Copper?

    Has Freeport-McMoran Stock Finally Bottomed Out? While mining companies have been conservative when it comes to capital expenditures, copper has been a different story. Diversified miners such as BHP Billiton (BHP), Rio Tinto (RIO), and Vale (VALE) have looked open to organic as well as inorganic growth opportunities in copper.

  • How the Markets Are Valuing Freeport-McMoRan
    Market Realist6 days ago

    How the Markets Are Valuing Freeport-McMoRan

    As we noted previously in this series, copper miners such as Southern Copper (SCCO), Rio Tinto (RIO), and First Quantum Minerals (FM) have been subdued this year amid lower copper prices. In a Bloomberg interview, Freeport-McMoRan’s (FCX) CEO, Richard Adkerson, noted that “any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.”

  • Could Strong Physical Demand Support Copper Miners?
    Market Realist6 days ago

    Could Strong Physical Demand Support Copper Miners?

    Has Freeport-McMoran Stock Finally Bottomed Out? Copper prices, like other commodities (XME), are impacted by the underlying supply-demand dynamics in the medium to long term. Copper miners such as Freeport-McMoRan (FCX) have noted that despite the trade war tensions, Chinese copper demand has been resilient this year.

  • Is There a Disconnect between Copper Prices and Fundamentals?
    Market Realist6 days ago

    Is There a Disconnect between Copper Prices and Fundamentals?

    As we noted in the previous article, copper prices have sagged this year. Resilient mined copper supply and the US-China trade war have taken a toll on copper prices. The global growth outlook has also become murky amid the US-China trade tensions.

  • Has Freeport-McMoran Stock Finally Bottomed Out?
    Market Realist7 days ago

    Has Freeport-McMoran Stock Finally Bottomed Out?

    Freeport-McMoRan (FCX) is having a rough year, losing 32.2% of its market capitalization based on its October 12 closing price. Among the other copper miners, Rio Tinto (RIO) and Southern Copper (SCCO) have lost 1.5% and 10.9%, respectively, this year.

  • Could the Currency War Ignite the Trade War?
    Market Realist14 days ago

    Could the Currency War Ignite the Trade War?

    Earlier in the year, President Trump authorized doubling the Section 232 tariffs on Turkey after the country’s currency fell. Weak domestic currencies make a country’s exports competitive in the global market. Previously, President Trump wanted to call China a “currency manipulator.” Since he took office, President Trump has backed off.

  • Why the Global Economic Mood Soured in 2018
    Market Realist14 days ago

    Why the Global Economic Mood Soured in 2018

    Towards the end of 2017, the term “synchronized global growth” cropped up. Markets started to price strong global growth in 2018. Copper, an indicator of global economic activity, rallied almost 8% in December 2017 and ended the year with 31.3% gains. Earlier in 2018, the IMF raised its 2018 global economic growth forecast to 3.9% from 3.8%.

  • Copper Might Not Have a Joyride in the Next Decade
    Market Realist14 days ago

    Copper Might Not Have a Joyride in the Next Decade

    First, while China’s steel demand has likely peaked, the country’s copper demand could continue to rise. Copper’s supply dynamics are also different from some of the other metals like steel and aluminum that face structural and chronic overcapacity, especially in China. Most observers expect copper markets to enter into a structural supply deficit in the next decade as existing mines fail to churn out enough metal to meet the demand.

  • Miners Have Fewer Investment Options
    Market Realist15 days ago

    Miners Have Fewer Investment Options

    As we discussed previously, several mining companies including Vale and Glencore (GLEN-L) have announced share buybacks in 2018. China’s fixed-asset investment growth rates, which have driven the country’s metal appetite, have fallen to historical lows. The construction boom, which lifted China’s metal demand in the last few years, is also fading quickly.

  • Buybacks Are the Flavor of the Season amid Trade War Scare
    Market Realist15 days ago

    Buybacks Are the Flavor of the Season amid Trade War Scare

    After the 2015 commodity crash, mining companies like Glencore (GLNCY) and Freeport-McMoRan (FCX) had to suspend their dividend programs. While miners have restored their dividends, they have chosen a flexible dividend policy. Glencore announced its dividend policy.

  • Supply Uncertainty: Aluminum Takes the Baton from Copper
    Market Realist15 days ago

    Supply Uncertainty: Aluminum Takes the Baton from Copper

    Copper mining is concentrated in Latin America. The mined copper supply is susceptible to disruptions from protests to nature-related incidents. Aluminum’s supply chain is generally less prone to supply uncertainty compared to copper (FCX).

  • Scars from the 2015 Meltdown Are Still Fresh for Miners
    Market Realist15 days ago

    Scars from the 2015 Meltdown Are Still Fresh for Miners

    When the cycle turns for the worse and commodity prices fall, mining companies’ free cash flows also fall. There isn’t much that mining companies can do when commodity prices fall. After the 2008–2009 economic crisis, we saw a sharp rally in metal prices. Copper prices briefly topped the $10,000 per metric ton level in 2011.

  • What Mining Companies’ Buybacks Tell Us about the Economy
    Market Realist15 days ago

    What Mining Companies’ Buybacks Tell Us about the Economy

    The metals and mining industry has seen a lot of action in 2018. For steel and aluminum, President Trump’s Section 232 tariffs lifted US steel prices and physical aluminum premiums to multiyear highs. President Trump clamped down on US steel imports and other regions, especially the European Union, took measures to prevent import deflection after the US tariffs. However, steel prices have been quite resilient globally due to falling Chinese steel exports.

  • Taking on China’s Trade Policies? Steel Could Guide the Way
    Market Realist22 days ago

    Taking on China’s Trade Policies? Steel Could Guide the Way

    Is President Trump’s Trade Rhetoric Showing Results? The Trump administration has been able to sign new trade deals with countries such as South Korea, and it’s also now successfully renegotiated NAFTA. Other countries such as India and Japan are also looking at trade deals with the United States (DIA).

  • Business Wire25 days ago

    Freeport-McMoRan Announces PT-FI Divestment Agreement with PT Inalum

    Freeport-McMoRan Inc. (FCX) announced today that it has entered into a Divestment Agreement on previously agreed economic terms with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Persero) (Inalum) in connection with Inalum’s acquisition of shares of PT Freeport Indonesia (PT-FI). As previously reported, Inalum will acquire for cash consideration of $3.85 billion all of Rio Tinto's interests associated with its Joint Venture with PT-FI (Joint Venture), and 100 percent of FCX's interests in PT Indocopper Investama (PT-II), which owns 9.36 percent of PT-FI.

  • Stocks - Rite Aid, Freeport-McMoran Gain in Pre-market; Conagra Falls
    Investing.com26 days ago

    Stocks - Rite Aid, Freeport-McMoran Gain in Pre-market; Conagra Falls

    Investing.com - Stocks in focus in pre-market trade Thursday:· Geron (NASDAQ:GERN) stock slumped 65.32% as of 8:17 AM ET (12:17 GMT) after the company announced that Janssen Biotech terminated a collaboration and license agreement with them.· Rite Aid (NYSE:RAD) stock rose 2.34% after the company posted sales that beat expectations and matched profit expectations, excluding items..· ConAgra Foods (NYSE:CAG) stock fell 6.41% after the company missed its fiscal first-quarter sales and earnings estimates.· Freeport-McMoran (NYSE:FCX) stock increased 1. ...