Argus•August 17, 2020

Freeport-McMoRan Inc.: Reiterating HOLD on COVID-19 uncertainty

Symbols

FCX

Sector(s)

Basic Materials

Rating

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Current Price

$30.35

Price Target

$NaN

Earnings Estimate

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Summary

Freeport-McMoRan is a leading international natural resources 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 27,500 employees.

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist

At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.