An Evaluation Of Freeport-McMoRan Inc (NYSE: FCX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

FCX belongs to the Basic Materials sector of the NYSE while operating in the Copper industry. The current market capitalization of Freeport-McMoRan Inc is $77.90B. A total of 17.93 million shares were traded on the day, compared to an average of 15.13M shares.

In the most recent transaction, Higgins Stephen T. sold 80,000 shares of FCX for 52.03 per share on May 13 ’24. After the transaction, the Senior VP & CAO now owns 104,377 company shares. In a previous transaction on May 06 ’24, ADKERSON RICHARD C sold 54,771 shares at 50.78 per share. FCX shares that Chairman of the Board & CEO owns now total 3,652,478.

Among the insiders who sold shares, Higgins Stephen T. disposed of 42,767 shares on May 03 ’24 at a per-share price of $50.35. This resulted in the Senior VP & CAO holding 104,377 shares of FCX after the transaction. In another insider transaction, Higgins Stephen T. sold 43,900 shares at $51.08 per share on May 01 ’24. Company shares held by the Senior VP & CAO now total 104,377.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Freeport-McMoRan Inc pays an annual dividend of $0.30, resulting in a dividend yield of 0.55%, and it has a price to earnings (P/E) ratio of 47.67. FCX’s most recent ex-dividend date was 4/12/2024 when it declared a $0.15 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 1/11/2024. The FCX stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, FCX has a high of $54.09 and a low of $32.72.

As of this writing, FCX has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $0.57 per share and a lower estimate of $0.21. The company reported an EPS of $0.35 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FCX’s latest balance sheet shows that the firm has $8.07B in Cash & Short Term Investments as of fiscal 2021. There were $9.77B in debt and $5.89B in liabilities at the time. Its Book Value Per Share was $11.82, while its Total Shareholder’s Equity was $23.02B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FCX is Buy with a score of 4.13.

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