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Freeport-McMoRan Inc is a copper business based in the US. Freeport-McMoRan shares (FCX) are listed on the NYSE and all prices are listed in US Dollars. Freeport-McMoRan employs 27,500 staff and has a trailing 12-month revenue of around USD$12.9 billion.
Since the stock market crash in March caused by coronavirus, Freeport-McMoRan's share price has had significant positive movement.
Its last market close was USD$17.15, which is 30.38% up on its pre-crash value of USD$11.94 and 255.81% up on the lowest point reached during the March crash when the shares fell as low as USD$4.82.
If you had bought USD$1,000 worth of Freeport-McMoRan shares at the start of February 2020, those shares would have been worth USD$471.14 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,499.08.
|Latest market close||USD$17.15|
|52-week range||USD$4.82 - USD$17.5|
|50-day moving average||USD$15.9026|
|200-day moving average||USD$11.9651|
|Wall St. target price||USD$17.72|
|Dividend yield||USD$0.2 (3.48%)|
|Earnings per share (TTM)||USD$0.162|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-13)||1.96%|
|1 month (2020-09-18)||0.88%|
|3 months (2020-07-20)||27.70%|
|6 months (2020-04-20)||113.84%|
|1 year (2019-10-18)||79.02%|
|2 years (2018-10-19)||42.68%|
|3 years (2017-10-20)||15.64%|
|5 years (2015-10-20)||40.11%|
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 73x. In other words, Freeport-McMoRan shares trade at around 73x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-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 USD$2 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||USD$12.9 billion|
|Operating margin TTM||3.36%|
|Gross profit TTM||USD$2.7 billion|
|Return on assets TTM||0.67%|
|Return on equity TTM||-3.53%|
|Market capitalisation||USD$24.3 billion|
TTM: trailing 12 months
There are currently 34.2 million Freeport-McMoRan shares held short by investors – that's known as Freeport-McMoRan's "short interest". This figure is 8.2% up from 31.6 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 21.3 million). Freeport-McMoRan's SIR currently stands at 1.61. In other words for every 100,000 Freeport-McMoRan shares traded daily on the market, roughly 1610 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 0.0265% of the tradable shares (for every 100,000 tradable Freeport-McMoRan shares, roughly 27 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 10/01/2020) 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.
|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|
We're not expecting Freeport-McMoRan to pay a dividend over the next 12 months.
Freeport-McMoRan's shares were split on a 2:1 basis on 2 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 $4.82 up to $17.5. 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 2.3116. 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, 2019, it estimated consolidated recoverable proven and probable mineral reserves totaled 116 billion pounds of copper, 29.6 million ounces of gold, and 3.58 billion pounds of molybdenum, as well as operated approximately 210 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 founded in 1987 and is headquartered in Phoenix, Arizona.
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