Freeport-McMoRan Inc. (FCX)
- Previous Close
48.95 - Open
47.45 - Bid --
- Ask --
- Day's Range
47.10 - 48.69 - 52 Week Range
32.83 - 52.42 - Volume
19,406,435 - Avg. Volume
14,241,601 - Market Cap (intraday)
69.106B - Beta (5Y Monthly) 2.06
- PE Ratio (TTM)
37.49 - EPS (TTM)
1.28 - Earnings Date Jul 18, 2024 - Jul 22, 2024
- Forward Dividend & Yield 0.60 (1.25%)
- Ex-Dividend Date Apr 12, 2024
- 1y Target Est
47.93
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
fcx.comRecent News: FCX
Performance Overview: FCX
Trailing total returns as of 4/23/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: FCX
Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Statistics: FCX
Valuation Measures
Market Cap
69.11B
Enterprise Value
74.20B
Trailing P/E
37.49
Forward P/E
31.85
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
3.03
Price/Book (mrq)
4.14
Enterprise Value/Revenue
3.25
Enterprise Value/EBITDA
8.64
Financial Highlights
Profitability and Income Statement
Profit Margin
8.09%
Return on Assets (ttm)
7.46%
Return on Equity (ttm)
14.38%
Revenue (ttm)
22.86B
Net Income Avi to Common (ttm)
1.84B
Diluted EPS (ttm)
1.28
Balance Sheet and Cash Flow
Total Cash (mrq)
4.76B
Total Debt/Equity (mrq)
36.08%
Levered Free Cash Flow (ttm)
-1.04B
Research Analysis: FCX
Company Insights: FCX
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: FCX
Daily Spotlight: Gold Prices Near Peak
When global economic conditions become unpredictable, investors often flock to gold. The yellow metal is trading above $2,100 per ounce. During the first phase of the pandemic, the spot price for an ounce of gold jumped 33% in six months and broke through the $2,000 level. Gold spot prices also spiked above $2,000 in early March 2022 due to the war in Ukraine, and are now at similarly high levels as tension simmers in the Middle East. The current price of gold reflects the perceived safety of hard assets amid the global conflicts, as well as lower U.S. interest rates that tend to weaken the dollar, which is the currency in which gold is priced. The outlook for Federal Reserve rate cuts also helps gold, as lower rates reduce the risk for a global economic recession and thus a potential decline in gold purchased for jewelry. Looking ahead, our forecast trading range for gold in 2024 is $2,200-$1,700, and our average forecast for the year is $2,000. This compares to average gold prices of $1,960 in 2023, $1,873 in 2022, $1,806 in 2021, $1781 in 2020, $1,400 in 2019, $1,265 in 2018, $1,277 in 2017, $1,258 in 2016 and $1,155 in 2015. As long as geopolitics and global economic uncertainty are part of the market conversation, gold is likely to remain at levels well above the historical averages of $1,120 since 2000 and $1,485 since 2010.
Analyst Report: Freeport-McMoRan Inc
Freeport-McMoRan is a leading international mining company based in Phoenix. It operates geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; the Morenci minerals district in North America; and the Cerro Verde and El Abra mines in South America. The company has approximately 26,000 employees. FCX shares are a component of the S&P 500.
RatingPrice TargetMarket Digest: ASH, CAH, CL, FCX, HOG, SPG, TROW, HLT, PYPL
U.S. equities inched higher on Thursday despite regional bank woes and ahead of the CPI revisions that will be released this morning. After hitting 5000 for the first time ever, the S&P 500 closed just below 5000. The Dow also closed at an all-time high. Big stock gainers include Arm Holdings PLC (ARM), up 48% and Ralph Lauren Corp. (RL), up 25%. The S&P 500 closed up less than 0.1%, the Dow was up 0.1% and the Nasdaq gained 0.2%. Crude oil rose above $76 per barrel and gold was up $1 to $2049 per ounce.
Analyst Report: Freeport-McMoRan Inc
Freeport-McMoRan is a leading international mining company based in Phoenix. It operates geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; the Morenci minerals district in North America; and the Cerro Verde and El Abra mines in South America. The company has approximately 26,000 employees. FCX shares are a component of the S&P 500.
RatingPrice Target