Freeport-McMoRan (BMV: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	2/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 22.8% below our estimate of its fair value

Earnings are forecast to grow 18.37% per year

Risk Analysis

Highly volatile share price over the past 3 months

Significant insider selling over the past 3 months

Profit margins (6.9%) are lower than last year (12%)

Freeport-McMoRan Inc. Competitors

Grupo México. de

BMV:GMEXICO B

Mex$818.4b

Industrias Peñoles. de

BMV:PE&OLES *

Mex$100.9b

CEMEX. de

BMV:CEMEX CPO

Mex$197.5b

Southern Copper

NYSE:SCCO

US$89.2b

Price History & Performance

Summary of all time highs, changes and price drops for Freeport-McMoRan
Historical stock prices
Current Share Price	US$831.61
52 Week High	US$893.08
52 Week Low	US$571.00
Beta	2.06
1 Month Change	2.04%
3 Month Change	21.76%
1 Year Change	34.39%
3 Year Change	-3.19%
5 Year Change	306.66%
Change since IPO	74.34%

Recent updates

Shareholder Returns

	FCX *	MX Metals and Mining	MX Market
7D	-6.9%	-2.7%	-0.8%
1Y	34.4%	15.2%	2.4%

Return vs Industry: FCX * exceeded the MX Metals and Mining industry which returned 15.2% over the past year.

Return vs Market: FCX * exceeded the MX Market which returned 2.4% over the past year.

Price Volatility

Is FCX *'s price volatile compared to industry and market?
FCX * volatility
FCX * Average Weekly Movement	6.2%
Metals and Mining Industry Average Movement	5.2%
Market Average Movement	4.0%
10% most volatile stocks in MX Market	6.1%
10% least volatile stocks in MX Market	2.1%

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

Volatility Over Time: FCX *'s weekly volatility (6%) has been stable over the past year, but is still higher than 75% of MX 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	Mex$1.23t
Earnings (TTM)	Mex$28.03b
Revenue (TTM)	Mex$403.54b

43.9x

P/E Ratio

3.0x

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$23.79b
Cost of Revenue	US$14.31b
Gross Profit	US$9.48b
Other Expenses	US$7.83b
Earnings	US$1.65b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.15
Gross Margin	39.86%
Net Profit Margin	6.94%
Debt/Equity Ratio	33.5%

How did FCX * perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

52%

Payout Ratio

FCX * Stock Overview

Rewards

Risk Analysis

Freeport-McMoRan Inc. Competitors

BMV:GMEXICO B

Mex$818.4b

BMV:PE&OLES *

Mex$100.9b

BMV:CEMEX CPO

Mex$197.5b

NYSE:SCCO

US$89.2b

Price History & Performance

Recent News & Updates

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

Now 20% overvalued after recent price rise

Fourth quarter dividend of US$0.075 announced

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

New major risk - Share price stability

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Recent updates

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

Now 20% overvalued after recent price rise

Fourth quarter dividend of US$0.075 announced

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

New major risk - Share price stability

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. 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 Mex$2.5m 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)

Investor sentiment improved over the past week

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

Now 23% undervalued after recent price drop

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

Investor sentiment deteriorated over the past week

Independent Director recently bought Mex$1.8m 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

Investor sentiment deteriorated over the past week

Insider recently bought Mex$10m 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

VP & Controller of Financial Reporting recently sold Mex$178k worth of stock

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

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

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

Independent Non-Executive Director recently sold Mex$15m worth of stock

VP & Controller of Financial Reporting recently sold Mex$4.2m worth of stock

Independent Non-Executive Director recently sold Mex$2.6m 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 Mex$207m worth of stock

VP & Controller of Financial Reporting recently sold Mex$5.0m 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: Mex$641