Large-cap Basic Materials company Freeport-McMoRan has logged a 0.1% change today on a trading volume of 9,964,465. The average volume for the stock is 13,250,523.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Based in Phoenix, United States the company has 25,600 full time employees and a market cap of $54,158,725,120. Freeport-McMoRan currently offers its equity investors a dividend that yields 1.6% per year.
The company is now trading -17.71% away from its average analyst target price of $45.92 per share. The 20 analysts following the stock have set target prices ranging from $29.0 to $57.0, and on average give Freeport-McMoRan a rating of buy.
Over the last year, FCX shares have gone down by -10.6%, which represents a difference of -15.0% when compared to the S&P 500. The stock's 52 week high is $46.73 per share and its 52 week low is $24.8. Based on Freeport-McMoRan's 39.1% compound average gross margin growth rate over the last 4 years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 22,780,000 | 15,089,000 | 33.76 | -12.52 |
| 2021-12-31 | 22,845,000 | 14,030,000 | 38.59 | 115.47 |
| 2020-12-31 | 14,198,000 | 11,655,000 | 17.91 | 98.78 |
| 2019-12-31 | 14,402,000 | 13,105,000 | 9.01 | n/a |
