How to buy Freeport-McMoRan stock - 05 March

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How to buy Freeport-McMoRan stock

Own Freeport-McMoRan stock in just a few minutes.

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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 24,500 staff and has a trailing 12-month revenue of around USD$14.2 billion.

How to buy shares in Freeport-McMoRan

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Freeport-McMoRan. Find the stock by name or ticker symbol: FCX. Research its history to confirm it's a solid investment against your financial goals.
  4. 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 purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Freeport-McMoRan, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Freeport-McMoRan. Optimize 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.

Freeport-McMoRan share price

Use our graph to track the performance of FCX stocks over time.

Freeport-McMoRan shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$4.82 - USD$39.1
50-day moving average USD$31.7779
200-day moving average USD$22.6979
Wall St. target priceUSD$34.94
PE ratio 84.7561
Dividend yield USD$0.05 (0.14%)
Earnings per share (TTM) USD$0.41

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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.

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.

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.

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 85x. In other words, Freeport-McMoRan shares trade at around 85x 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 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

Freeport-McMoRan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$4.1 billion.

The EBITDA is a measure of a Freeport-McMoRan's overall financial performance and is widely used to measure a its profitability.

Freeport-McMoRan financials

Revenue TTM USD$14.2 billion
Operating margin TTM 16.43%
Gross profit TTM USD$4.3 billion
Return on assets TTM 3.52%
Return on equity TTM 4.79%
Profit margin 4.22%
Book value $6.978
Market capitalisation USD$50.7 billion

TTM: trailing 12 months

Shorting Freeport-McMoRan shares

There are currently 22.3 million Freeport-McMoRan shares held short by investors – that's known as Freeport-McMoRan's "short interest". This figure is 25.9% up from 17.7 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 22.3 million). Freeport-McMoRan's SIR currently stands at 1. In other words for every 100,000 Freeport-McMoRan shares traded daily on the market, roughly 1000 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 0.0172% of the tradable shares (for every 100,000 tradable Freeport-McMoRan shares, roughly 17 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 01/01/2019) 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

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

Freeport-McMoRan share dividends

12%

Dividend payout ratio: 12.2% of net profits

Recently Freeport-McMoRan has paid out, on average, around 12.2% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.62% 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 3.62% return on their shares, in the form of dividend payments. In Freeport-McMoRan's case, that would currently equate to about $0.05 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 3 February 2020. The latest dividend was paid out to all shareholders who bought their shares by 14 January 2020 (the "ex-dividend date").

Have Freeport-McMoRan's shares ever split?

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.

Freeport-McMoRan share price volatility

Over the last 12 months, Freeport-McMoRan's shares have ranged in value from as little as $4.82 up to $39.1. A popular way to gauge a stock's volatility is its "beta".

FCX.US volatility(beta: 2.23)Avg. volatility(beta: 1.00)LowHigh

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 2.2289. 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 overview

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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