FreeportMcMoRan (FCX)
(Real Time Quote from BATS)
$47.68 USD
-0.31 (-0.65%)
Updated Apr 24, 2024 02:46 PM ET
3-Hold of 5 3
C Value D Growth A Momentum C VGM
Company Summary
Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia’s principal asset is Papua, Indonesia-based Grasberg mine, which contains the world’s largest copper and gold reserves.
In December 2018, the company completed the transaction with the Indonesian government regarding ...
Company Summary
Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia’s principal asset is Papua, Indonesia-based Grasberg mine, which contains the world’s largest copper and gold reserves.
In December 2018, the company completed the transaction with the Indonesian government regarding PT Freeport Indonesia’s long-term mining rights and ownership. Freeport currently has a 48.76% ownership interest in PT-FI and it manages the mining operations. Freeport’s economic interest in PT-FI was around 81% prior to Jan 1, 2023.
Freeport's mining operations are - North America copper mines, South America mining, Indonesia mining and Molybdenum. Freeport’s copper production for 2023 was 4,212 million pounds. Indonesia, North America and South America accounted for roughly 39%, 32% and 29% of its copper production, respectively, in 2023.
In North America, Freeport operates seven open-pit copper mines – Morenci, Bagdad, Sierrita, Miami and Safford located in Arizona, and Chino and Tyrone in New Mexico. The company also has molybdenum mines, Henderson (underground) and Climax (open-pit), in Colorado. All of these operations are wholly owned by Freeport, except Morenci, which is under a joint venture with Freeport holding a 72% stake. In South America, the company has two operating copper mines – Cerro Verde (53.56% stake) in Peru and El Abra (51%) in Chile.
General Information
FreeportMcMoRan Inc
333 NORTH CENTRAL AVENUE
PHOENIX, AZ 85004
Phone: 602-366-8100
Fax: 504-582-1847
Web: http://www.fcx.com
Email: ir@fmi.com
Industry | Mining - Non Ferrous |
Sector | Basic Materials |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Exp Earnings Date | 7/18/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.38 |
Current Year EPS Consensus Estimate | 1.57 |
Estimated Long-Term EPS Growth Rate | 13.80 |
Exp Earnings Date | 7/18/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 47.99 |
52 Week High | 52.42 |
52 Week Low | 32.83 |
Beta | 2.04 |
20 Day Moving Average | 16,250,070.00 |
Target Price Consensus | 51.19 |
4 Week | 7.29 |
12 Week | 20.07 |
YTD | 12.73 |
4 Week | 8.90 |
12 Week | 15.93 |
YTD | 9.46 |
Shares Outstanding (millions) | 1,434.41 |
Market Capitalization (millions) | 68,837.29 |
Short Ratio | NA |
Last Split Date | 2/2/2011 |
Dividend Yield | 0.63% |
Annual Dividend | $0.30 |
Payout Ratio | 0.20 |
Change in Payout Ratio | -0.61 |
Last Dividend Payout / Amount | 4/12/2024 / $0.15 |
Fundamental Ratios
P/E (F1) | 30.49 |
Trailing 12 Months | 36.08 |
PEG Ratio | 2.20 |
vs. Previous Year | -48.08% |
vs. Previous Quarter | -30.77% |
vs. Previous Year | 2.55% |
vs. Previous Quarter | 1.39% |
Price/Book | 2.45 |
Price/Cash Flow | 16.06 |
Price / Sales | 2.89 |
3/31/24 | NA |
12/31/23 | 8.41 |
9/30/23 | 9.98 |
3/31/24 | NA |
12/31/23 | 4.31 |
9/30/23 | 5.04 |
3/31/24 | NA |
12/31/23 | 2.42 |
9/30/23 | 2.90 |
3/31/24 | NA |
12/31/23 | 1.38 |
9/30/23 | 1.67 |
3/31/24 | NA |
12/31/23 | 9.72 |
9/30/23 | 11.34 |
3/31/24 | NA |
12/31/23 | 8.09 |
9/30/23 | 9.50 |
3/31/24 | NA |
12/31/23 | 26.28 |
9/30/23 | 25.60 |
3/31/24 | NA |
12/31/23 | 19.03 |
9/30/23 | 18.60 |
3/31/24 | NA |
12/31/23 | 2.67 |
9/30/23 | 2.78 |
3/31/24 | NA |
12/31/23 | 0.32 |
9/30/23 | 0.35 |
3/31/24 | NA |
12/31/23 | 24.07 |
9/30/23 | 25.99 |