Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Apr 25
Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026 Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: US$0.61 (vs US$0.24 in 1Q 2025) First quarter 2026 results: EPS: US$0.61 (up from US$0.24 in 1Q 2025). Revenue: US$6.23b (up 8.8% from 1Q 2025). Net income: US$881.0m (up 150% from 1Q 2025). Profit margin: 14% (up from 6.1% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Mar 27
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 39%. Cash payout ratio: 77%. Annonce • Mar 25
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2026 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2026, to shareholders of record as of April 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. Board Change • Mar 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: US$1.53 (vs US$1.31 in FY 2024) Full year 2025 results: EPS: US$1.53 (up from US$1.31 in FY 2024). Revenue: US$25.9b (up 1.8% from FY 2024). Net income: US$2.20b (up 17% from FY 2024). Profit margin: 8.5% (up from 7.4% in FY 2024). Production and reserves: Copper Production: 1.078 Mt (1.247 Mt in FY 2024) Molybdenum Production: 37,195 t (32,205 t in FY 2024) Gold Production: 476 troy koz (927 troy koz in FY 2024) Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Declared Dividend • Jan 13
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th January 2026 Payment date: 2nd February 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 42%. Cash payout ratio: 53%. Annonce • Dec 17
Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 2, 2026 Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 2, 2026, to shareholders of record as of January 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Annonce • Nov 13
Rosen Law Firm Files Securities Class Action Lawsuit Against Freeport-McMoran Inc Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Freeport-McMoRan Inc. between February 15, 2022 and September 24, 2025, both dates inclusive (the ‘Class Period’). The lawsuit seeks to recover damages for Freeport-McMoRan investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Freeport did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and as a result, defendants statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. Annonce • Nov 06
Freeport-McMoRan Inc. Announces Appointment of Cory Stevens as President and Chief Operating Officer – Americas Freeport-McMoRan Inc. announced that A. Cory Stevens has been named President and Chief Operating Officer of Freeport Americas, effective December 1, 2025. Stevens joined Freeport in 1997 and has held multiple leadership roles at the company’s North and South America operations and most recently led the team responsible for developing Freeport’s smelter project in Indonesia. He currently leads FCX’s centralized technical organization, with responsibility for a broad range of technical support functions across the company, including engineering and construction activities, growth projects, including the high-impact innovative leach initiative, operational support and research and development. Under the new structure, Stevens’ role will be expanded to include responsibility for Freeport’s Americas operations. Josh Olmsted, who has served as Freeport Americas President and Chief Operating Officer since 2020, will continue with the company in a Senior Advisory capacity. Stevens has a Bachelor of Science degree in chemical engineering from the New Mexico Institute of Mining and Technology and a Master of Business Administration from Western New Mexico University. Annonce • Oct 24
Freeport-McMoRan Inc. Provides Sales Guidance for the Year 2025 Freeport-McMoRan Inc. provided sales guidance for the year 2025. For the year, the company expects consolidated sales are expected to approximate 3.5 billion pounds of copper, 1.05 million ounces of gold and 82 million pounds of molybdenum for the year 2025, including 635 million pounds of copper, 6 million ounces of gold and 21 million pounds of molybdenum in fourth-quarter 2025. Annonce • Oct 10
Freeport-McMoRan Inc. to Report Q3, 2025 Results on Oct 23, 2025 Freeport-McMoRan Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025 Annonce • Sep 09
Freeport Announces Temporary Suspension of Mining Operations in Grasberg Minerals District Freeport announced that on September 8, 2025 at approximately 10 p.m. local time in Central Papua, Indonesia, a large flow of wet material from a production drawpoint occurred at one of five production blocks in the Grasberg Block Cave underground mine. The incident blocked access to certain areas within the mine, restricting evacuation routes for seven team members. The location of the workers is known, and they are believed to be safe. Crews are working to clear the area for a safe and expeditious evacuation. In parallel, activities are underway to provide support to the workers. At the Grasberg Block Cave operation, ore is mined using remotely operated equipment; however, the material flow from this event blocked access routes where the affected team members were engaged in mine development activities. All other personnel are confirmed safe. Mining operations in the Grasberg minerals district have been temporarily suspended to prioritize the safe evacuation of the seven contractor workers. Annonce • Jun 25
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2025 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2025, to shareholders of record as of July 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Annonce • Apr 28
Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025 Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025. Annonce • Apr 01
Freeport-McMoRan Inc. to Report Q1, 2025 Results on Apr 24, 2025 Freeport-McMoRan Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Annonce • Mar 26
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2025 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2025, to shareholders of record as of April 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Annonce • Dec 19
Freeport Declares Cash Dividends on Common Stock, Payable on February 3, 2025 Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 3, 2025, to shareholders of record as of January 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. Annonce • Oct 24
Freeport-McMoRan Inc. Provides Consolidated Sales and Production Guidance for the Year 2024 Freeport-McMoRan Inc. provided consolidated sales and production guidance for the Year 2024. For the period, sales volumes are expected to approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 80 million pounds of molybdenum, including 980 million pounds of copper, 340,000 ounces of gold and 20 million pounds of molybdenum in fourth-quarter 2024. copper and gold production volumes for the year 2024 are expected to exceed 2024 sales volumes, reflecting the deferral of approximately 85 million pounds of copper and 85,000 ounces of gold associated with inventories held at PT-FI’s new downstream processing facilities expected to be sold as refined metal in 2025. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.31 in 3Q 2023) Third quarter 2024 results: EPS: US$0.36 (up from US$0.31 in 3Q 2023). Revenue: US$6.79b (up 17% from 3Q 2023). Net income: US$526.0m (up 17% from 3Q 2023). Profit margin: 7.7% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 11
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (4.0%). Declared Dividend • Sep 27
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th October 2024 Payment date: 1st November 2024 Dividend yield will be 4.8%, which is about the same as the industry average. Payout Ratios Payout ratio: 45%. Cash payout ratio: 57%. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023) Second quarter 2024 results: EPS: US$0.43 (up from US$0.24 in 2Q 2023). Revenue: US$6.62b (up 16% from 2Q 2023). Net income: US$616.0m (up 80% from 2Q 2023). Profit margin: 9.3% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Jul 24
Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024 Freeport-McMoRan Inc. provided consolidated sales guidance for the third quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 475,000 ounces of gold and 20 million pounds of molybdenum
For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 82 million pounds of molybdenum . Annonce • Jul 04
Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024 Freeport-McMoRan Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024 Declared Dividend • Jul 01
First quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 15th July 2024 Payment date: 1st August 2024 Dividend yield will be 4.7%, which is about the same as the industry average. Payout Ratios Payout ratio: 52%. Cash payout ratio: 73%. Annonce • Jun 26
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2024 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2024, to shareholders of record as of July 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Recent Insider Transactions • May 09
Chairman & CEO recently sold CHF2.5m worth of stock On the 6th of May, Richard Adkerson sold around 55k shares on-market at roughly CHF45.98 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.46 in 1Q 2023) First quarter 2024 results: EPS: US$0.33 (down from US$0.46 in 1Q 2023). Revenue: US$6.32b (up 17% from 1Q 2023). Net income: US$473.0m (down 29% from 1Q 2023). Profit margin: 7.5% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 29
Fourth quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 12th April 2024 Payment date: 1st May 2024 Dividend yield will be 4.7%, which is about the same as the industry average. Payout Ratios Payout ratio: 47%. Cash payout ratio: 189%. Annonce • Mar 27
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Annonce • Jan 25
Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024 Freeport-McMoRan Inc. provided consolidated sales guidance for the first-quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 575,000 ounces of gold and 20 million pounds of molybdenum.For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 2.0 million ounces of gold and 85 million pounds of molybdenum. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022) Full year 2023 results: EPS: US$1.28 (down from US$2.40 in FY 2022). Revenue: US$22.9b (flat on FY 2022). Net income: US$1.85b (down 47% from FY 2022). Profit margin: 8.1% (down from 15% in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Upcoming Dividend • Jan 04
Upcoming dividend of US$0.15 per share at 1.5% yield Eligible shareholders must have bought the stock before 11 January 2024. Payment date: 01 February 2024. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (8.2%). Annonce • Dec 20
Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2024, to shareholders of record as of January 12, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022) Third quarter 2023 results: EPS: US$0.32 (up from US$0.28 in 3Q 2022). Revenue: US$5.82b (up 16% from 3Q 2022). Net income: US$454.0m (up 14% from 3Q 2022). Profit margin: 7.8% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 05
Upcoming dividend of US$0.15 per share at 1.7% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (8.9%). Annonce • Sep 21
Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023 Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on November 1, 2023, to shareholders of record as of October 13, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (down from US$0.58 in 2Q 2022). Revenue: US$5.74b (up 5.9% from 2Q 2022). Net income: US$343.0m (down 59% from 2Q 2022). Profit margin: 6.0% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 06
Upcoming dividend of US$0.15 per share at 1.5% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (8.6%). Buying Opportunity • May 30
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CHF13.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period. Recent Insider Transactions • May 16
Insider recently bought CHF125k worth of stock On the 12th of May, Sara Lewis bought around 4k shares on-market at roughly CHF31.30 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CHF1.0m more in shares than they have sold in the last 12 months. Annonce • Feb 08
Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of Directors Freeport-McMoRan Inc. announced the appointment of Kathleen L. Quirk, FCX’s President, to its Board of Directors, effective immediately. Following this appointment, FCX’s Board of Directors is now comprised of twelve members, including ten independent directors, who possess a diverse range of experiences and strong corporate governance credentials. Ms. Quirk has served as President of FCX since February 2021. Ms. Quirk has over thirty years of experience in the FCX organization and is a senior member of the company’s executive team. Ms. Quirk has been instrumental in FCX’s strategic planning and has responsibility for a broad range of corporate functions. Ms. Quirk previously served as Chief Financial Officer of the company from December 2003 to March 2022. During that period, she was named Best CFO in Metals and Mining by Institutional Investor magazine on numerous occasions. Ms. Quirk holds a Bachelor of Science in Accounting from Louisiana State University. She currently serves on the Board of Directors of Vulcan Materials Company. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021) Full year 2022 results: EPS: US$2.39 (down from US$2.93 in FY 2021). Revenue: US$22.8b (flat on FY 2021). Net income: US$3.47b (down 19% from FY 2021). Profit margin: 15% (down from 19% in FY 2021). Production and reserves: Copper Production: 1.526 Mt (1.407 Mt in FY 2021) Number of mines: 10 (10 in FY 2021) Gold Production: 1,474 troy koz (1,124 troy koz in FY 2021) Molybdenum Production: 33,566 t (34,019 t in FY 2021) Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 05
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 01 February 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (8.5%). Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021) Third quarter 2022 results: EPS: US$0.28 (down from US$0.95 in 3Q 2021). Revenue: US$5.00b (down 18% from 3Q 2021). Net income: US$404.0m (down 71% from 3Q 2021). Profit margin: 8.1% (down from 23% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 06
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (9.9%). Recent Insider Transactions • Sep 01
Insider recently bought CHF958k worth of stock On the 29th of August, Ryan Lance bought around 31k shares on-market at roughly CHF30.90 per share. This transaction increased Ryan Lance's direct individual holding by 22x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CHF1.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 06
Independent Director recently bought CHF83k worth of stock On the 3rd of August, Sara Lewis bought around 3k shares on-market at roughly CHF27.75 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CHF556k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021) Second quarter 2022 results: EPS: US$0.58 (down from US$0.73 in 2Q 2021). Revenue: US$5.42b (down 5.8% from 2Q 2021). Net income: US$840.0m (down 22% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 1.1% compared to a 28% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 07
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 01 August 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (10.0%). Recent Insider Transactions • Apr 28
Insider recently bought CHF480k worth of stock On the 25th of April, Hugh Grant bought around 12k shares on-market at roughly CHF39.05 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CHF385k more in shares than they bought in the last 12 months. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sara Lewis was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (7.9%). Reported Earnings • Jan 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$2.91 (up from US$0.41 in FY 2020). Revenue: US$22.8b (up 61% from FY 2020). Net income: US$4.31b (up US$3.71b from FY 2020). Profit margin: 19% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 9.4%, compared to a 16% growth forecast for the mining industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 06
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 01 February 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (7.4%). Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$6.08b (up 58% from 3Q 2020). Net income: US$1.40b (up 329% from 3Q 2020). Profit margin: 23% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Oct 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 01 November 2021. Trailing yield: 0.9%. Lower than top quartile of Swiss dividend payers (3.7%). Lower than average of industry peers (7.1%). Board Change • Jul 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director David Abney was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$5.75b (up 88% from 2Q 2020). Net income: US$1.08b (up US$1.03b from 2Q 2020). Profit margin: 19% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$11.5b (up 276% from 2Q 2020). Net income: US$2.17b (up US$2.11b from 2Q 2020). Profit margin: 19% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 02 August 2021. Trailing yield: 0.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (4.8%). Recent Insider Transactions • Jun 10
Independent Non-Executive Director recently sold CHF669k worth of stock On the 7th of June, Gerald Ford sold around 18k shares on-market at roughly CHF36.77 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF77m more than they bought in the last 12 months. Recent Insider Transactions • May 09
VP & Controller of Financial Reporting recently sold CHF189k worth of stock On the 5th of May, C. Whitmire sold around 5k shares on-market at roughly CHF37.78 per share. In the last 3 months, there was an even bigger sale from another insider worth CHF65m. Insiders have been net sellers, collectively disposing of CHF76m more than they bought in the last 12 months. Recent Insider Transactions • Apr 28
Independent Non-Executive Director recently sold CHF122k worth of stock On the 26th of April, Gerald Ford sold around 3k shares on-market at roughly CHF35.51 per share. In the last 3 months, they made an even bigger sale worth CHF65m. Insiders have been net sellers, collectively disposing of CHF76m more than they bought in the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$4.85b (up 73% from 1Q 2020). Net income: US$718.0m (up US$1.21b from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 07
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 03 May 2021. Trailing yield: 0.9%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (4.6%). Recent Insider Transactions • Mar 06
Independent Non-Executive Director recently sold CHF9.2m worth of stock On the 4th of March, Gerald Ford sold around 300k shares on-market at roughly CHF30.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF9.5m more than they bought in the last 12 months. Recent Insider Transactions • Feb 25
VP & Controller of Financial Reporting recently sold CHF220k worth of stock On the 19th of February, C. Whitmire sold around 7k shares on-market at roughly CHF31.40 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CHF2.9m more than they sold in the last 12 months. Reported Earnings • Feb 19
Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$14.2b (down 1.4% from FY 2019). Net income: US$596.0m (up US$841.0m from FY 2019). Profit margin: 4.2% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Production and reserves: Copper Production: 1.178 Mt (1.17 Mt in FY 2019) Proved and probable reserves (ore): 17,835 Mt (17,911 Mt in FY 2019) Number of mines: 11 (11 in FY 2019) Gold Production: 698 troy koz (720 troy koz in FY 2019) Proved and probable reserves (ore): 7,757 Mt (7,506 Mt in FY 2019) Number of mines: 6 (6 in FY 2019) Molybdenum Production: 30,391 t (34,927 t in FY 2019) Proved and probable reserves (ore): 11,079 Mt (11,030 Mt in FY 2019) Number of mines: 7 (7 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 40%, compared to a 21% growth forecast for the Metals and Mining industry in Switzerland. Reported Earnings • Jan 27
Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$14.2b (down 1.4% from FY 2019). Net income: US$599.0m (up US$844.0m from FY 2019). Profit margin: 4.2% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 27
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 39%, compared to a 13% growth forecast for the Metals and Mining industry in Switzerland. Is New 90 Day High Low • Dec 31
New 90-day low: CHF11.10 The company is down 1.0% from its price of CHF11.18 on 02 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF26.24 per share. Is New 90 Day High Low • Dec 01
New 90-day high: CHF11.74 The company is up 5.0% from its price of CHF11.18 on 02 September 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF26.86 per share. Recent Insider Transactions • Nov 17
VP & Controller of Financial Reporting recently sold CHF46k worth of stock On the 11th of November, C. Whitmire sold around 3k shares on-market at roughly CHF17.76 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CHF3.6m more than they sold in the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 21%, compared to a 8.9% growth forecast for the Metals and Mining industry in Switzerland. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.23 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$3.85b (up 22% from 3Q 2019). Net income: US$329.0m (up US$540.0m from 3Q 2019). Profit margin: 8.5% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total losses of US$104.0m, with earnings decreasing by US$324.9m from the prior year. Total revenue was US$13.6b over the last 12 months, down 4.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 24
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 4.8% at US$3.85b. Revenue is forecast to grow 20% over the next year, compared to a 8.0% growth forecast for the Metals and Mining industry in Switzerland.