Freeport Mcmoran Copper Gold Stock Buy Hold or Sell Recommendation
| FCX Stock | USD 48.24 0.25 0.52% |
Considering the 90-day investment horizon and your bold attitude towards risk, our recommendation regarding Freeport McMoran Copper Gold is 'Strong Buy'. Macroaxis provides Freeport McMoran buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FCX positions. The advice algorithm takes into account all of Freeport McMoran's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Freeport McMoran's buy or sell advice are summarized below:
Real Value 49.38 | Target Price 44.5 | Hype Value 48 | Market Value 48.24 | Naive Value 47.33 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Freeport McMoran Copper Gold given historical horizon and risk tolerance towards Freeport McMoran. When Macroaxis issues a 'buy' or 'sell' recommendation for Freeport McMoran Copper Gold, the advice is generated through an automated system that utilizes algorithms and statistical models.
Freeport |
Execute Freeport McMoran Buy or Sell Advice
The Freeport recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Freeport McMoran Copper Gold. Macroaxis does not own or have any residual interests in Freeport McMoran Copper Gold or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Freeport McMoran's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Freeport McMoran Trading Alerts and Improvement Suggestions
| Freeport McMoran is unlikely to experience financial distress in the next 2 years | |
| Freeport McMoran has a strong financial position based on the latest SEC filings | |
| Over 82.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Freeport McMoran paid $ 0.15 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Freeport-McMoRan Q1 Preview Indonesia copper export ban, supply issues in focus |
Freeport McMoran Returns Distribution Density
The distribution of Freeport McMoran's historical returns is an attempt to chart the uncertainty of Freeport McMoran's future price movements. The chart of the probability distribution of Freeport McMoran daily returns describes the distribution of returns around its average expected value. We use Freeport McMoran Copper Gold price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Freeport McMoran returns is essential to provide solid investment advice for Freeport McMoran.
| Mean Return | 0.35 | Value At Risk | -2.74 | Potential Upside | 3.84 | Standard Deviation | 2.12 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Freeport McMoran historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Freeport Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Freeport McMoran is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Freeport McMoran Copper Gold backward and forwards among themselves. Freeport McMoran's institutional investor refers to the entity that pools money to purchase Freeport McMoran's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2023-12-31 | 19.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 17.7 M | Northern Trust Corp | 2023-12-31 | 16.9 M | Putnam Investments, Llc., A Franklin Templeton Company | 2023-12-31 | 16.6 M | Clearbridge Advisors, Llc | 2023-12-31 | 14.3 M | Bank Of America Corp | 2023-12-31 | 13.9 M | Ameriprise Financial Inc | 2023-12-31 | 13 M | Public Investment Fund | 2023-12-31 | 12.9 M | Hhg Plc | 2023-12-31 | 11.9 M | Vanguard Group Inc | 2023-12-31 | 119.5 M | Blackrock Inc | 2023-12-31 | 110.7 M |
Freeport McMoran Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 259M | 42M | (618M) | (573M) | (873M) | (829.4M) | |
| Change In Cash | (2.2B) | 1.6B | 4.4B | 76M | (2.1B) | (2.0B) | |
| Free Cash Flow | (1.2B) | 1.1B | 5.6B | 1.7B | 455M | 432.3M | |
| Depreciation | 1.2B | 1.2B | 1.9B | 2.0B | 2.1B | 1.8B | |
| Other Non Cash Items | 33M | 2M | (254M) | 38M | 2.0B | 1.9B | |
| Dividends Paid | 291M | 73M | 331M | 866M | 863M | 563.5M | |
| Capital Expenditures | 2.7B | 2.0B | 2.1B | 3.5B | 4.8B | 5.1B | |
| Net Income | (192M) | 865M | 5.4B | 4.5B | 1.8B | 1.9B | |
| End Period Cash Flow | 2.3B | 3.9B | 8.3B | 8.4B | 5.7B | 5.9B | |
| Change To Netincome | 187M | 85M | 656M | 936M | 1.1B | 1.1B | |
| Change Receivables | (119M) | 132M | (472M) | 56M | 64.4M | 64.0M | |
| Net Borrowings | (1.3B) | (193M) | (260M) | 1.2B | 1.1B | 1.2B | |
| Investments | 40M | (1.3B) | (2.0B) | (3.4B) | (4.6B) | (4.4B) |
Freeport McMoran Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Freeport McMoran or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Freeport McMoran's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Freeport stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.24 | |
β | Beta against NYSE Composite | 1.18 | |
σ | Overall volatility | 2.07 | |
Ir | Information ratio | 0.12 |
Freeport McMoran Volatility Alert
Freeport McMoran Copper Gold has relatively low volatility with skewness of 0.54 and kurtosis of 0.88. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Freeport McMoran's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Freeport McMoran's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Freeport McMoran Implied Volatility
Freeport McMoran's implied volatility exposes the market's sentiment of Freeport McMoran Copper Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Freeport McMoran's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Freeport McMoran stock will not fluctuate a lot when Freeport McMoran's options are near their expiration.
Freeport McMoran Fundamentals Vs Peers
Comparing Freeport McMoran's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Freeport McMoran's direct or indirect competition across all of the common fundamentals between Freeport McMoran and the related equities. This way, we can detect undervalued stocks with similar characteristics as Freeport McMoran or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Freeport McMoran's fundamental indicators could also be used in its relative valuation, which is a method of valuing Freeport McMoran by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Freeport McMoran to competition |
| Fundamentals | Freeport McMoran | Peer Average |
| Return On Equity | 0.14 | -0.31 |
| Return On Asset | 0.0746 | -0.14 |
| Profit Margin | 0.08 % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 85.93 B | 16.62 B |
| Shares Outstanding | 1.44 B | 571.82 M |
| Shares Owned By Insiders | 0.60 % | 10.09 % |
| Shares Owned By Institutions | 82.18 % | 39.21 % |
| Number Of Shares Shorted | 18.09 M | 4.71 M |
| Price To Earning | 14.07 X | 28.72 X |
| Price To Book | 4.25 X | 9.51 X |
| Price To Sales | 3.10 X | 11.42 X |
| Revenue | 22.71 B | 9.43 B |
| Gross Profit | 9.71 B | 27.38 B |
| EBITDA | 8.15 B | 3.9 B |
| Net Income | 1.84 B | 570.98 M |
| Cash And Equivalents | 8.15 B | 2.7 B |
| Cash Per Share | 6.00 X | 5.01 X |
| Total Debt | 9.85 B | 5.32 B |
| Debt To Equity | 0.44 % | 48.70 % |
| Current Ratio | 2.56 X | 2.16 X |
| Book Value Per Share | 11.63 X | 1.93 K |
| Cash Flow From Operations | 5.28 B | 971.22 M |
| Short Ratio | 1.26 X | 4.00 X |
| Earnings Per Share | 1.28 X | 3.12 X |
| Price To Earnings To Growth | 0.20 X | 4.89 X |
| Target Price | 47.93 | |
| Number Of Employees | 27.2 K | 18.84 K |
| Beta | 2.06 | -0.15 |
| Market Capitalization | 69.11 B | 19.03 B |
| Total Asset | 52.51 B | 29.47 B |
| Retained Earnings | (2.06 B) | 9.33 B |
| Working Capital | 8.25 B | 1.48 B |
Note: Exercise or conversion by Whitmire C Donald Jr of 10000 shares of Freeport McMoran subject to Rule 16b-3 [view details]
Freeport McMoran Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Freeport . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Freeport McMoran Buy or Sell Advice
When is the right time to buy or sell Freeport McMoran Copper Gold? Buying financial instruments such as Freeport Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 9.5B | 10.6B | 9.9B | 6.2B | Total Assets | 48.0B | 51.1B | 52.5B | 55.1B |
Use Investing Ideas to Build Portfolios
In addition to having Freeport McMoran in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Freeport McMoran Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Freeport McMoran Copper information on this page should be used as a complementary analysis to other Freeport McMoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Freeport Stock analysis
When running Freeport McMoran's price analysis, check to measure Freeport McMoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport McMoran is operating at the current time. Most of Freeport McMoran's value examination focuses on studying past and present price action to predict the probability of Freeport McMoran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoran's price. Additionally, you may evaluate how the addition of Freeport McMoran to your portfolios can decrease your overall portfolio volatility.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Is Freeport McMoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Dividend Share 0.6 | Earnings Share 1.28 | Revenue Per Share 15.938 | Quarterly Revenue Growth 0.026 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.