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

FCX Stock Overview

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.

FCX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 0.2% below our estimate of its fair value

Earnings are forecast to grow 24.65% per year

Risk Analysis

Highly volatile share price over the past 3 months

Profit margins (8.1%) are lower than last year (15.2%)

Freeport-McMoRan Inc. Competitors

Sociedad Punta del Cobre

SNSE:PUCOBRE

CL$538.6b

Southern Copper

NYSE:SCCO

US$88.2b

Amman Mineral Internasional

IDX:AMMN

Rp634.5t

Pampa Camarones

SNSE:CAMARONEX

US$86.5m

Price History & Performance

Summary of all time highs, changes and price drops for Freeport-McMoRan
Historical stock prices
Current Share Price	US$44.10
52 Week High	US$44.10
52 Week Low	US$34.76
Beta	2.06
1 Month Change	0%
3 Month Change	5.38%
1 Year Change	9.62%
3 Year Change	21.09%
5 Year Change	234.85%
Change since IPO	30.98%

Recent updates

Shareholder Returns

	FCX	CL Metals and Mining	CL Market
7D	0%	-0.2%	-1.6%
1Y	9.6%	-2.7%	16.1%

Return vs Industry: FCX exceeded the CL Metals and Mining industry which returned -2.7% over the past year.

Return vs Market: FCX underperformed the CL Market which returned 16.1% over the past year.

Price Volatility

Is FCX's price volatile compared to industry and market?
FCX volatility
FCX Average Weekly Movement	4.9%
Metals and Mining Industry Average Movement	2.6%
Market Average Movement	2.9%
10% most volatile stocks in CL Market	4.9%
10% least volatile stocks in CL Market	1.5%

Stable Share Price: FCX has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1987	27,200	Richard Adkerson	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	US$70.87b
Earnings (TTM)	US$1.84b
Revenue (TTM)	US$22.86b

38.5x

P/E Ratio

3.1x

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$22.86b
Cost of Revenue	US$13.63b
Gross Profit	US$9.23b
Other Expenses	US$7.39b
Earnings	US$1.84b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 23, 2024

Earnings per share (EPS)	1.28
Gross Margin	40.38%
Net Profit Margin	8.06%
Debt/Equity Ratio	34.5%

How did FCX perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

47%

Payout Ratio

FCX Stock Overview

Rewards

Risk Analysis

Freeport-McMoRan Inc. Competitors

SNSE:PUCOBRE

CL$538.6b

NYSE:SCCO

US$88.2b

IDX:AMMN

Rp634.5t

SNSE:CAMARONEX

US$86.5m

Price History & Performance

Recent News & Updates

Fourth quarter dividend of US$0.075 announced

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

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Now 21% undervalued

Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2024

Recent updates

Fourth quarter dividend of US$0.075 announced

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

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Now 21% undervalued

Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 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

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

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

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

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

Insider recently bought US$140k 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)

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 US$988k worth of stock

Independent Director recently bought US$86k worth of stock

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

Investor sentiment deteriorated over the past week

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 US$501k worth of stock

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

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

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

Investor sentiment improved over the past week

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

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

Upcoming dividend of US$0.075 per share

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

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc.(NYSE:FCX) dropped from Russell Midcap Index

Investor sentiment deteriorated over the past week

Independent Non-Executive Director recently sold US$746k worth of stock

VP & Controller of Financial Reporting recently sold US$207k worth of stock

Independent Non-Executive Director recently sold US$133k worth of stock

First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020)

Freeport-Mcmoran Inc. Provides Consolidated Operating Guidance for the Year 2021

Upcoming dividend of US$0.075 per share

Independent Non-Executive Director recently sold US$10.0m worth of stock

VP & Controller of Financial Reporting recently sold US$246k worth of stock

Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)

Revenue beats expectations

Investor sentiment improved over the past week

New 90-day high: US$32.01