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How to buy Freeport-McMoRan shares | $24.61
Own Freeport-McMoRan shares in just a few minutes. Share price changes are updated daily.
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Freeport-McMoRan Inc (FCX) is a leading copper business based in the US. It opened the day at $24.54 after a previous close of $24.86. During the day the price has varied from a low of $24.145 to a high of $24.79. The latest price was $24.61 (25 minute delay). Freeport-McMoRan is listed on the NYSE and employs 27,500 staff. All prices are listed in US Dollars.
How to buy shares in Freeport-McMoRan
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: FCX in this case.
- Research Freeport-McMoRan shares. The platform should provide the latest information available.
- Buy your Freeport-McMoRan shares. It's that simple.
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What's in this guide?
- Can I buy shares in Freeport-McMoRan?
- Has coronavirus impacted Freeport-McMoRan shares?
- Freeport-McMoRan shares summary
- Compare share dealing 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
How has Coronavirus impacted Freeport-McMoRan's share price?
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 $17.14, which is 30.34% up on its pre-crash value of $11.94 and 255.60% up on the lowest point reached during the March crash when the shares fell as low as $4.82.
If you had bought $1,000 worth of Freeport-McMoRan shares at the start of February 2020, those shares would have been worth $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 $1,498.21.
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 2020-12-11.
| Open | $24.54 |
|---|---|
| High | $24.79 |
| Low | $24.145 |
| Close | $24.61 |
| Previous close | $24.86 |
| Change | $-0.25 |
| Change % | -1.006% |
| Volume | 12,116,283 |
Information last updated 2020-12-27.
| 52-week range | $4.82 - $25.43 |
|---|---|
| 50-day moving average | $22.9188 |
| 200-day moving average | $16.6057 |
| Wall St. target price | $25.12 |
| PE ratio | 73.0864 |
| Dividend yield | $0.2 (3.48%) |
| Earnings per share (TTM) | $0.162 |
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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.
Freeport-McMoRan price performance over time
Historical closes compared with the last close of $24.61
| 1 week (2021-01-11) | -18.83% |
|---|---|
| 1 month (2020-12-18) | -0.08% |
| 3 months (2020-10-16) | 43.50% |
| 6 months (2020-07-17) | 81.22% |
| 1 year (2020-01-17) | 91.22% |
|---|---|
| 2 years (2019-01-18) | 95.94% |
| 3 years (2018-01-18) | 26.86% |
| 5 years (2016-01-15) | 465.75% |
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 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 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 a whopping $3 billion (£2.3 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 | $13.6 billion |
|---|---|
| Operating margin TTM | 10.1% |
| Gross profit TTM | $2.7 billion |
| Return on assets TTM | 2.1% |
| Return on equity TTM | 0.28% |
| Profit margin | -0.74% |
| Book value | $6.357 |
| Market capitalisation | $36 billion |
TTM: trailing 12 months
How to short and sell Freeport-McMoRan shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "FCX.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 20.3 million Freeport-McMoRan shares held short by investors – that's known as Freeport-McMoRan's "short interest". This figure is 33.9% down from 30.8 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 19.2 million). Freeport-McMoRan's SIR currently stands at 1.06. In other words for every 100,000 Freeport-McMoRan shares traded daily on the market, roughly 1060 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 0.01% of the outstanding shares (for every 100,000 Freeport-McMoRan shares in existence, roughly 10 shares are currently held short) or 0.0158% of the tradable shares (for every 100,000 tradable Freeport-McMoRan shares, roughly 16 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. A high-profile company, 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
Dividend payout ratio: 27.78% of net profits
Recently Freeport-McMoRan has paid out, on average, around 27.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.48% 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 3.48% return on their shares, in the form of dividend payments. In Freeport-McMoRan's case, that would currently equate to about $0.2 per share.
While Freeport-McMoRan's payout ratio might seem fairly standard, it's worth remembering that Freeport-McMoRan may be investing much of the rest of its net profits in 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 $25.43. 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 2.2992. This would suggest that Freeport-McMoRan's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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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, 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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