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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.
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| Open | US$34.87 |
|---|---|
| High | US$36.83 |
| Low | US$34.87 |
| Close | US$36.57 |
| Previous close | US$34.54 |
| Change | US$2.03 |
| Change % | 5.8772% |
| Volume | 18,508,602 |
| 52-week range | US$16.5762 - US$45.9069 |
|---|---|
| 50-day moving average | US$34.6789 |
| 200-day moving average | US$36.9523 |
| Target price | US$42.52 |
| PE ratio | 14.2635 |
| Dividend yield | US$0.15 (0.39%) |
| Earnings per share (TTM) | US$2.641 |
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.
Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.
Historical closes compared with the last close of $36.57
| 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% |
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 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 "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% |
| Profit margin | 18.46% |
| Book value | 8.998 |
| Market capitalisation | US$56.4 billion |
TTM: trailing 12 months
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) 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.
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.
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.).
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.
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.
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.
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.
Freeport-McMoRan Inc was last rated for ESG on: 2019-01-01.
| Total ESG score | 38.4 |
|---|---|
| Total ESG percentile | 82.48 |
| Environmental score | 17.07 |
| Environmental score percentile | 2 |
| Social score | 11.57 |
| Social score percentile | 2 |
| Governance score | 6.25 |
| Governance score percentile | 2 |
| Level of controversy | 4 |
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").
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.
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.
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