Freeport Stock Today

FCX
 Stock
  

USD 29.20  0.06  0.21%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Freeport Mcmoran is trading at 29.20 as of the 1st of July 2022; that is -0.21 percent decrease since the beginning of the trading day. The stock's open price was 29.26. Freeport Mcmoran has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Freeport-Mcmoran are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of May 2022 and ending today, the 1st of July 2022. Click here to learn more.
CUSIP
35671D105
Fiscal Year End
December
Business Domain
Materials
IPO Date
10th of July 1995
Category
Basic Materials
Classification
Materials
ISIN
US35671D8570
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona. Freeport Mcmoran operates under Copper classification in the United States and is traded on New York Stock Exchange. The company has 1.47 B outstanding shares of which 21.83 M shares are currently shorted by investors with about 1.37 days to cover. More on Freeport-Mcmoran

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Freeport Mcmoran Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Freeport Mcmoran's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Freeport Mcmoran or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Freeport-Mcmoran generated a negative expected return over the last 90 days
Freeport-Mcmoran has high historical volatility and very poor performance
Freeport-Mcmoran is unlikely to experience financial distress in the next 2 years
Freeport-Mcmoran was previously known as FREEPORT-MCMORAN INC and was traded on New York Stock Exchange under the symbol FCX-A.
Over 81.0% of the company shares are owned by institutional investors
Latest headline from www.fool.com: This Copper Stock Could Be a Great Way to Invest in EVs - The Motley Fool
ESG SustainabilitySome studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Freeport Mcmoran's sustainability indicators can be used to identify a proper investment strutegies using environmental, social, and governance scores that are crucial to Freeport Mcmoran's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Older SymbolFCX-A
ChairmanJames Moffett
SEC FilingsFreeport Mcmoran Security & Exchange Commission EDGAR Reports
Thematic Ideas
Showing 3 out of 4 themes
Fama & French Classification
Average Analyst Recommendation
Analysts covering Freeport Mcmoran report their recommendations after researching Freeport Mcmoran's financial statements, talking to executives and customers, or listening in on Freeport Mcmoran's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Freeport-Mcmoran. The Freeport consensus assessment is calculated by taking the average forecast from all of the analysts covering Freeport Mcmoran.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Freeport-Mcmoran based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Freeport-Mcmoran financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 5 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.5 B1.5 B
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted1.5 B1.5 B
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations8.3 B7.7 B
Significantly Up
Decreasing
Very volatile
Total Assets43.8 B48 B
Significantly Down
Increasing
Stable
Total Liabilities28.1 B25 B
Moderately Up
Increasing
Stable
Current Assets13.6 B14.8 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities5.5 B5.9 B
Significantly Down
Increasing
Slightly volatile
Total Debt10.2 B9.4 B
Significantly Up
Increasing
Stable
Return on Average Assets0.10.094
Notably Up
Decreasing
Very volatile
Gross Margin0.420.386
Significantly Up
Decreasing
Very volatile
Asset Turnover0.440.497
Fairly Down
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Freeport Mcmoran's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Financial Strength
Freeport Mcmoran's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Freeport Mcmoran's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Freeport Mcmoran's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Freeport Mcmoran's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
N/A ( Average Bond Rating ) Not Rated
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Freeport Mcmoran's financial leverage. It provides some insight into what part of Freeport Mcmoran's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Freeport Mcmoran's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Freeport Mcmoran deploys its capital and how much of that capital is borrowed.
Liquidity
Freeport Mcmoran cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 9.62 B in debt with debt to equity (D/E) ratio of 0.4, which is OK given its current industry classification. Freeport-Mcmoran has a current ratio of 2.32, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Freeport Mcmoran until it has trouble settling it off, either with new capital or with free cash flow. So, Freeport Mcmoran's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Freeport-Mcmoran sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Freeport to invest in growth at high rates of return. When we think about Freeport Mcmoran's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

8.32 BillionShare
Freeport-Mcmoran (FCX) is traded on New York Stock Exchange in USA. It is located in 333 North Central Avenue, Phoenix, AZ 85004-2189, United States and employs 24,700 people. Freeport-Mcmoran was previously known as FREEPORT-MCMORAN INC and was traded on New York Stock Exchange under the symbol FCX-A. Freeport Mcmoran is listed under Industrial Metal Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 45.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Freeport Mcmoran's market, we take the total number of its shares issued and multiply it by Freeport Mcmoran's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Freeport-Mcmoran runs under Basic Materials sector within Copper industry. The entity has 1.47 B outstanding shares of which 21.83 M shares are currently shorted by investors with about 1.37 days to cover. Freeport-Mcmoran has about 8.34 B in cash with 8.33 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.68.
Check Freeport Mcmoran Probability Of Bankruptcy
Ownership
Freeport-Mcmoran retains a total of 1.47 Billion outstanding shares. The majority of Freeport-Mcmoran outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Freeport-Mcmoran to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Freeport Mcmoran. Please pay attention to any change in the institutional holdings of Freeport-Mcmoran as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Freeport Ownership Details

Freeport Stock Price Odds Analysis

What are Freeport Mcmoran's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Freeport Mcmoran jumping above the current price in 90 days from now is roughly 97.0%. The Freeport-Mcmoran probability density function shows the probability of Freeport Mcmoran stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6019. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Freeport Mcmoran will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Freeport-Mcmoran is significantly underperforming DOW.
  Odds Below 29.2HorizonTargetOdds Above 29.2
3.43%90 days
 29.20 
96.55%
Based on a normal probability distribution, the odds of Freeport Mcmoran to move above the current price in 90 days from now is roughly 97.0 (This Freeport-Mcmoran probability density function shows the probability of Freeport Stock to fall within a particular range of prices over 90 days) .

Freeport Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Freeport Mcmoran that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Freeport Mcmoran's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Freeport Mcmoran's value.
InstituionSecurity TypeTotal SharesValue
Fmr LlcCommon Shares127.5 M6.3 B
Vanguard Group IncCommon Shares116.6 M5.8 B
Susquehanna International Group LlpPut Options13.5 M670.6 M
View Freeport Mcmoran Diagnostics

Freeport Mcmoran Historical Income Statement

Freeport-Mcmoran Income Statement is one of the three primary financial statements used for reporting Freeport's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Freeport-Mcmoran revenue and expense. Freeport Mcmoran Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Freeport Mcmoran Research and Development Expense is fairly stable at the moment as compared to the past year. Freeport Mcmoran reported Research and Development Expense of 55 Million in 2021. Selling General and Administrative Expense is likely to rise to about 403.8 M in 2022, whereas Direct Expenses is likely to drop slightly above 13.6 B in 2022. View More Fundamentals

Freeport Stock Against Markets

Picking the right benchmark for Freeport Mcmoran stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Freeport Mcmoran stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Freeport Mcmoran is critical whether you are bullish or bearish towards Freeport-Mcmoran at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Freeport Mcmoran without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Freeport Mcmoran Corporate Directors

Freeport Mcmoran corporate directors refer to members of a Freeport Mcmoran board of directors. The board of directors generally takes responsibility for the Freeport Mcmoran's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Freeport Mcmoran's board members must vote for the resolution. The Freeport Mcmoran board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert Day - Independent DirectorProfile
Dustan McCoy - Lead Independent DirectorProfile
Frances Townsend - Independent DirectorProfile
Courtney Mather - Independent DirectorProfile

Investing Freeport-Mcmoran

You need to understand the risk of investing before taking a position in Freeport Mcmoran. The danger of trading Freeport-Mcmoran is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Freeport Mcmoran is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Freeport Mcmoran. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Freeport-Mcmoran is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Investing Opportunities. Note that the Freeport-Mcmoran information on this page should be used as a complementary analysis to other Freeport Mcmoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running Freeport-Mcmoran price analysis, check to measure Freeport Mcmoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport Mcmoran is operating at the current time. Most of Freeport Mcmoran's value examination focuses on studying past and present price action to predict the probability of Freeport Mcmoran's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Freeport Mcmoran's price. Additionally, you may evaluate how the addition of Freeport Mcmoran to your portfolios can decrease your overall portfolio volatility.
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Is Freeport Mcmoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport Mcmoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport Mcmoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.17
Market Capitalization
42.4 B
Quarterly Revenue Growth YOY
0.36
Return On Assets
0.13
Return On Equity
0.29
The market value of Freeport-Mcmoran is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport Mcmoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport Mcmoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport Mcmoran's market value can be influenced by many factors that don't directly affect Freeport Mcmoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport Mcmoran's value and its price as these two are different measures arrived at by different means. Investors typically determine Freeport Mcmoran value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport Mcmoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.