Freeport-McMoRan (WBAG:FCX) - Stock Price, News & Analysis

FCX Stock Overview

Engages in the mining of mineral properties in North America, South America, and Indonesia.

FCX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 57.4% below our estimate of its fair value

Earnings are forecast to grow 15.58% per year

Risk Analysis

Volatile share price over the past 3 months compared to the Austrian market

Freeport-McMoRan Inc. Competitors

Southern Copper

NYSE:SCCO

US$92.7b

Voestalpine

WBAG:VOE

€3.7b

Amman Mineral Internasional

IDX:AMMN

Rp652.7t

Antofagasta

LSE:ANTO

UK£19.6b

Price History & Performance

Summary of all time highs, changes and price drops for Freeport-McMoRan
Historical stock prices
Current Share Price	US$45.83
52 Week High	US$51.19
52 Week Low	US$31.08
Beta	1.89
11 Month Change	25.74%
3 Month Change	-3.18%
1 Year Change	31.47%
33 Year Change	45.94%
5 Year Change	435.71%
Change since IPO	257.73%

Recent updates

Shareholder Returns

	FCX	AT Metals and Mining	AT Market
7D	2.1%	-0.3%	-1.0%
1Y	31.5%	6.3%	7.2%

Return vs Industry: FCX exceeded the Austrian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: FCX exceeded the Austrian Market which returned 7.2% over the past year.

Price Volatility

Is FCX's price volatile compared to industry and market?
FCX volatility
FCX Average Weekly Movement	5.4%
Metals and Mining Industry Average Movement	5.8%
Market Average Movement	3.6%
10% most volatile stocks in AT Market	6.1%
10% least volatile stocks in AT Market	1.9%

Stable Share Price: FCX's share price has been volatile over the past 3 months compared to the Austrian market.

Volatility Over Time: FCX's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

Founded	Employees	CEO	Website
1987	27,200	Kathleen Quirk	fcx.com

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.

Freeport-McMoRan Inc. Fundamentals Summary

How do Freeport-McMoRan's earnings and revenue compare to its market cap?
FCX fundamental statistics
Market cap	€66.22b
Earnings (TTM)	€1.75b
Revenue (TTM)	€22.50b

37.8x

P/E Ratio

2.9x

P/S Ratio

Is FCX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FCX income statement (TTM)
Revenue	US$24.67b
Cost of Revenue	US$14.63b
Gross Profit	US$10.04b
Other Expenses	US$8.12b
Earnings	US$1.92b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 22, 2024

Earnings per share (EPS)	1.34
Gross Margin	40.70%
Net Profit Margin	7.80%
Debt/Equity Ratio	32.9%

How did FCX perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

45%

Payout Ratio

Does FCX pay a reliable dividends?

See FCX dividend history and benchmarks

When do you need to buy FCX by to receive an upcoming dividend?
Freeport-McMoRan dividend dates
Ex Dividend Date	Oct 15 2024
Dividend Pay Date	Nov 01 2024
Days until Ex dividend	7 days
Days until Dividend pay date	24 days

Does FCX pay a reliable dividends?

See FCX dividend history and benchmarks

FCX Stock Overview

Rewards

Risk Analysis

Freeport-McMoRan Inc. Competitors

NYSE:SCCO

US$92.7b

WBAG:VOE

€3.7b

IDX:AMMN

Rp652.7t

LSE:ANTO

UK£19.6b

Price History & Performance

Recent News & Updates

Second quarter dividend of US$0.15 announced

Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023)

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$0.075 announced

Recent updates

Second quarter dividend of US$0.15 announced

Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023)

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2024

Chairman & CEO recently sold €2.6m worth of stock

First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.46 in 1Q 2023)

Fourth quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

New major risk - Share price stability

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022)

Upcoming dividend of US$0.15 per share at 1.7% yield

Now 23% undervalued

Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023

Now 21% undervalued

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 1.5% yield

Now 20% undervalued after recent price drop

Insider recently bought €129k worth of stock

Freeport-McMoRan Inc. Provides Update on PT Freeport Indonesia Operations

Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of Directors

Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021)

Now 20% undervalued

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc. Declares Quarterly Cash Dividend, Payable on February 1, 2023

Freeport Reportedly in Talks to Buy Arizona Smelter

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on November 1, 2022

Insider recently bought €989k worth of stock

Independent Director recently bought €85k worth of stock

Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on August 1, 2022

Insider recently bought €468k worth of stock

High number of new directors

First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)

Freeport-McMoRan Inc., Annual General Meeting, Jun 09, 2022

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Freeport-Mcmoran Inc. Appoints Hugh Grant to Serve on the Compensation Committee of the Board

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.15 per share

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020)

Upcoming dividend of US$0.075 per share

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020)

Upcoming dividend of US$0.075 per share