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Freeport-McMoRan Inc (FCX) is a leading copper business with stocks listed in the US. It opened the day at US$34.87 after a previous close of US$34.54. During the day the price has varied from a low of USD34.87 to a high of USD36.83. The latest price was USD36.57 (25 minute delay). Freeport-McMoRan is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Freeport-McMoRan
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Freeport-McMoRan. Find the share by name or ticker symbol: FCX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Freeport-McMoRan reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$34.54, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Freeport-McMoRan, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Freeport-McMoRan. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Freeport-McMoRan key stats
- Compare share trading platforms
- Is Freeport-McMoRan stock a buy or sell?
- Freeport-McMoRan performance over time
- Can I short Freeport-McMoRan shares?
- Is Freeport-McMoRan suitable for ethical investing?
- Are Freeport-McMoRan shares over-valued?
- Freeport-McMoRan's financials
- How volatile are Freeport-McMoRan shares?
- Does Freeport-McMoRan pay a dividend?
- Have Freeport-McMoRan shares ever split?
- Other common questions
Freeport-McMoRan stock price (NYSE:FCX)Use our graph to track the performance of FCX stocks over time.
Freeport-McMoRan shares at a glance
|52-week range||US$16.5762 - US$45.9069|
|50-day moving average||US$34.6789|
|200-day moving average||US$36.9523|
|Dividend yield||US$0.15 (0.39%)|
|Earnings per share (TTM)||US$2.641|
Where to buy Freeport-McMoRan stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Freeport-McMoRan stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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Freeport-McMoRan price performance over time
|1 week (2021-10-14)||-1.51%|
|1 month (2021-09-24)||13.43%|
|3 months (2021-07-23)||3.92%|
|6 months (2021-04-23)||0.08%|
|1 year (2020-10-23)||99.18%|
|2 years (2019-10-24)||281.33%|
|3 years (2018-10-24)||241.78%|
|5 years (2016-10-24)||259.23%|
Is Freeport-McMoRan under- or over-valued?
Valuing Freeport-McMoRan stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Freeport-McMoRan's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Freeport-McMoRan's P/E ratio
Freeport-McMoRan's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Freeport-McMoRan shares trade at around 14x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Freeport-McMoRan's PEG ratio
Freeport-McMoRan's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.2. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Freeport-McMoRan's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Freeport-McMoRan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$9.7 billion (£7 billion).
The EBITDA is a measure of a Freeport-McMoRan's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$21.2 billion|
|Operating margin TTM||35.84%|
|Gross profit TTM||US$4.3 billion|
|Return on assets TTM||10.78%|
|Return on equity TTM||24.27%|
|Market capitalisation||US$56.4 billion|
TTM: trailing 12 months
Shorting Freeport-McMoRan shares
There are currently 30.9 million Freeport-McMoRan shares held short by investors – that's known as Freeport-McMoRan's "short interest". This figure is 35.5% up from 22.8 million last month.
There are a few different ways that this level of interest in shorting Freeport-McMoRan shares can be evaluated.
Freeport-McMoRan's "short interest ratio" (SIR)
Freeport-McMoRan's "short interest ratio" (SIR) is the quantity of Freeport-McMoRan shares currently shorted divided by the average quantity of Freeport-McMoRan shares traded daily (recently around 20.4 million). Freeport-McMoRan's SIR currently stands at 1.51. In other words for every 100,000 Freeport-McMoRan shares traded daily on the market, roughly 1510 shares are currently held short.
However Freeport-McMoRan's short interest can also be evaluated against the total number of Freeport-McMoRan shares, or, against the total number of tradable Freeport-McMoRan shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Freeport-McMoRan's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Freeport-McMoRan shares in existence, roughly 20 shares are currently held short) or 0.0235% of the tradable shares (for every 100,000 tradable Freeport-McMoRan shares, roughly 24 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Freeport-McMoRan.
Find out more about how you can short Freeport-McMoRan stock.
Freeport-McMoRan's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Freeport-McMoRan.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Freeport-McMoRan's total ESG risk score
Total ESG risk: 38.4
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Freeport-McMoRan's overall score of 38.4 (as at 12/31/2018) is pretty weak – landing it in it in the 82nd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Freeport-McMoRan is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Freeport-McMoRan's environmental score
Environmental score: 17.07/100
Freeport-McMoRan's environmental score of 17.07 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Freeport-McMoRan is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Freeport-McMoRan's social score
Social score: 11.57/100
Freeport-McMoRan's social score of 11.57 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Freeport-McMoRan is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Freeport-McMoRan's governance score
Governance score: 6.25/100
Freeport-McMoRan's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that Freeport-McMoRan is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Freeport-McMoRan's controversy score
Controversy score: 4/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Freeport-McMoRan scored a 4 out of 5 for controversy – the second-lowest score possible, reflecting that Freeport-McMoRan has a damaged public profile.
Environmental, social, and governance (ESG) summary
|Total ESG score||38.4|
|Total ESG percentile||82.48|
|Environmental score percentile||2|
|Social score percentile||2|
|Governance score percentile||2|
|Level of controversy||4|
Freeport-McMoRan share dividends
Dividend payout ratio: 7.89% of net profits
Recently Freeport-McMoRan has paid out, on average, around 7.89% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.8% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Freeport-McMoRan shareholders could enjoy a 0.8% return on their shares, in the form of dividend payments. In Freeport-McMoRan's case, that would currently equate to about $0.15 per share.
While Freeport-McMoRan's payout ratio might seem low, this can signify that Freeport-McMoRan is investing more in its future growth.
Freeport-McMoRan's most recent dividend payout was on 31 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 13 October 2021 (the "ex-dividend date").
Have Freeport-McMoRan's shares ever split?
Freeport-McMoRan's shares were split on a 2:1 basis on 1 February 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Freeport-McMoRan shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Freeport-McMoRan shares which in turn could have impacted Freeport-McMoRan's share price.
Freeport-McMoRan share price volatility
Over the last 12 months, Freeport-McMoRan's shares have ranged in value from as little as US$16.5762 up to US$45.9069. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Freeport-McMoRan's is 2.091. This would suggest that Freeport-McMoRan's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino 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 also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2020, it operated approximately 165 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Freeport-McMoRan in the news
Copper, Aluminum Erase Gains as Energy Crisis Roils Market
Freeport-McMoRan Inc. 2021 Q1 - Results - Earnings Call Presentation
Freeport-McMoRan Delivers Mixed Q3 Results; Shares Drop
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