Freeport-McMoRan (BVL: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	1/6
Future Growth	2/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 19.6% below our estimate of its fair value

Earnings are forecast to grow 18.37% per year

Risk Analysis

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

Freeport-McMoRan Inc. Competitors

Sociedad Minera Cerro VerdeA

BVL:CVERDEC1

US$13.7b

Southern Peru Copper Corporation - Sucursal del Peru

BVL:SPCCPI2

S/5.2b

Shougang Hierro Perua

BVL:SHPC1

S/21.6b

Southern Copper

NYSE:SCCO

US$91.3b

Price History & Performance

Summary of all time highs, changes and price drops for Freeport-McMoRan
Historical stock prices
Current Share Price	US$50.40
52 Week High	US$51.30
52 Week Low	US$33.80
Beta	2.06
1 Month Change	2.44%
3 Month Change	26.00%
1 Year Change	34.87%
3 Year Change	15.60%
5 Year Change	311.43%
Change since IPO	384.62%

Recent updates

Shareholder Returns

	FCX	PE Metals and Mining	PE Market
7D	0%	1.9%	1.0%
1Y	34.9%	29.8%	10.7%

Return vs Industry: FCX exceeded the PE Metals and Mining industry which returned 29.8% over the past year.

Return vs Market: FCX exceeded the PE Market which returned 10.7% over the past year.

Price Volatility

Is FCX's price volatile compared to industry and market?
FCX volatility
FCX Average Weekly Movement	4.4%
Metals and Mining Industry Average Movement	4.7%
Market Average Movement	3.9%
10% most volatile stocks in PE Market	7.6%
10% least volatile stocks in PE Market	1.0%

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

Volatility Over Time: FCX's weekly volatility (4%) has been stable over the past year.

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$73.23b
Earnings (TTM)	US$1.65b
Revenue (TTM)	US$23.79b

44.3x

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$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

BVL:CVERDEC1

US$13.7b

BVL:SPCCPI2

S/5.2b

BVL:SHPC1

S/21.6b

NYSE:SCCO

US$91.3b

Price History & Performance

Recent News & Updates

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

Now 21% 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

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

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

Recent updates

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

Now 21% 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

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

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

Investor sentiment improves as stock rises 26%

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

New minor risk - Share price stability

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

Investor sentiment improves as stock rises 20%

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

Investor sentiment improved over the past week

Freeport Reportedly in Talks to Buy Arizona Smelter

Investor sentiment improved over the past week

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)

Upcoming dividend of US$0.15 per share

Investor sentiment deteriorated over the past week

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

Investor sentiment improved over the past week

Insider recently bought US$501k 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

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)

Investor sentiment improved over the past week

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

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

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