How to Buy Freeport Mcmoran Stock
Freeport Mcmoran Inc
Freeport Mcmoran is a copper company located in Arizona, United States, which is part of the Basic Materials sector, and is traded under the ticker FCX on the NYSE exchange.
Freeport Mcmoran stock last closed at $49.82, up 0.83% from the previous day, and has increased 18.28% in one year. It has underperformed other stocks in the Copper industry by 0.09 percentage points. Freeport Mcmoran stock is currently +51.77% from its 52-week low of $32.83, and -4.96% from its 52-week high of $52.42.
As of Apr 17, 2024, there are 1.43B FCX shares outstanding. The market value of FCX is $71.46B. In the past 24 hours, 15.64M FCX shares were traded.
How to Buy Freeport Mcmoran Stock
Wondering how to invest in Freeport Mcmoran stock? Here's how.
- Figure out where to buy Freeport Mcmoran stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Freeport Mcmoran stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your payment method and add your details.
- Analyze Freeport Mcmoran stock: The Freeport Mcmoran ticker symbol is FCX. Is Freeport Mcmoran stock a good investment? Should you buy shares of FCX? How do FCX's underlying business fundamentals look? Do top analysts think Freeport Mcmoran is a good buy? Why has FCX's stock price moved recently? (Hint: Our stock market analysis website can help you decide if FCX is a good stock to buy).
- Execute your FCX buy order: Decide if you will purchase FCX shares at the current market price or use a limit order to buy FCX stock at a specific price.
- Get updates on your FCX position: Create a watchlist to keep track of your position in Freeport Mcmoran shares.
Step 1: Figure out where to buy Freeport Mcmoran stock
You need a brokerage account to access the NYSE market and buy FCX stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to buy FCX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on a investment app, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring funds into your investment account.
Step 4: Analyze Freeport Mcmoran stock
Once you have selected the best place to buy Freeport Mcmoran stock, it's crucial to analyze their stock prior to investing, so you truly understand the risk as well as the upside.
Freeport Mcmoran Metrics
Freeport Mcmoran Zen Score
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on FCX's stock page.
How is FCX stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge FCX's true value.
Using relative valuations metrics:
- FCX could be overvalued based on its P/E ratio of 38.92x, relative to Copper industry P/E ratio of 36.74x
- FCX may be undervalued based on its P/B ratio of 4.28x, relative to Copper industry P/B ratio of 5.97x
- FCX could be overvalued based on its PEG ratio of 1.27x
You can access additional valuation analysis on FCX's stock here.
FCX Financial Summary
Positive Health Checks:
- FCX earnings of $4.63B is not sufficient to cover its interest payments.
- Total FCX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the FCX balance sheet.
- FCX's operating cash flow of $5.28B allows it to safely service it's debt of $9.42B.
Negative Health Checks:
- FCX has a relatively high debt to equity ratio of 1.51.
- There are more long-term liabilities than short-term assets on the FCX balance sheet.
- FCX profit margin has gone down from 15.2% to 8.1% in the past year.
Do Wall Street analysts think it's a good time to buy FCX stock
Out of 8 Equities analysts who give ratings on FCX, the consensus analyst rating on FCX is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent FCX Analyst Upgrades/Downgrades
Andreas Bokkenheuser, a top 25% analyst from UBS maintains FCX with a hold rating and lowers their FCX price target from $42.00 to $41.00, on Dec 13, 2023.
Carlos De Alba, a top 5% analyst from Morgan Stanley maintains FCX with a hold rating and lowers their FCX price target from $41.00 to $40.00, on Dec 7, 2023.
David Gagliano, a bottom 12% analyst from BMO Capital maintains FCX with a buy rating and lowers their FCX price target from $47.00 to $45.00, on Oct 20, 2023.
You can dig deeper into what analysts are saying on the Freeport Mcmoran stock forecast page.
FCX Momentum
Is FCX Growing Revenue?
Last year, FCX earnings were $1.85B. Over the past five year, FCX's earnings have grown by -6.49% per year. This was slower than the Copper industry average of 2.62%.
Last year, FCX revenue was $22.86B. During the last five year, FCX's revenue has grown by 4.17% per year. This was slower than the Copper industry average of 5.55%.
You can research FCX's earnings and revenue performance here.
Who is buying/selling FCX?
In the last 12 months, insiders at FCX have sold more shares than they have bought.
Hugh Grant, Director of FCX, was the latest FCX insider to buy. They bought $33,713.34 worth of FCX shares on Apr 1, 2024.
Learn more about who owns FCX stock here.
Can I get consistent income from FCX stock?
Freeport Mcmoran pays a dividend of 1.2%, compared to the Copper industry's average dividend yield of 1.59%. If you owned $1,000 of FCX stock, you would have been paid $12.04 last year.
Freeport Mcmoran dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Freeport Mcmoran dividend yield and history here.
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Step 5: Execute your FCX buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your FCX position
Now that you own some FCX shares, you'll want to stay up-to-date on your new company.
Put FCX on a watchlist to track your FCX stock.
FCX Feed
How to Buy Stock in Freeport Mcmoran
To reiterate, here are the 6 steps to buy stock in Freeport Mcmoran:
- Figure out where to buy Freeport Mcmoran stock
- Create a brokerage account
- Deposit money your investment account
- Analyze Freeport Mcmoran stock
- Execute your FCX buy order
- Get updates on your FCX position
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Freeport Mcmoran, hit the button below to create your watchlist.
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