-2.16%
-5.36%
-21.36%
-17.83%
-10.78%
-8.12%
213.37%
AI Spotlight on FCX
Company Description
Freeport-McMoRan Inc.engages in the mining of mineral properties in North America, South America, and Indonesia.The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas.
Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico.As of December 31, 2021, it operated approximately 135 wells.
The company was formerly known as Freeport-McMoRan Copper & Gold Inc.and changed its name to Freeport-McMoRan Inc.in July 2014.
Freeport-McMoRan Inc.was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Market Data
| Last Price | 35.85 |
| Change Percentage | -2.16% |
| Open | 36.36 |
| Previous Close | 36.64 |
| Market Cap ( Millions) | 51514 |
| Volume | 13377662 |
| Year High | 55.24 |
| Year Low | 35.46 |
| M A 50 | 40.42 |
| M A 200 | 45.72 |
Financial Ratios
| FCF Yield | 4.10% |
| Dividend Yield | 1.67% |
| ROE | 19.42% |
| Debt / Equity | 0.23% |
| Net Debt / EBIDTA | -41.62% |
| Price To Book | 2.95 |
| Price Earnings Ratio | 15.35 |
| Price To FCF | 24.38 |
| Price To sales | 2.63 |
| EV / EBITDA | 5.11 |
News
- Jan -31 - Max Iron Brazil Ltd Has Received In-Principle Advice on Suitability from the ASX to Advance Plans for Admission to the Official List of the ASX
- Jan -27 - Skeena Gold & Silver Announces Investment into TDG Gold Corp
- Jan -26 - 3 More Cyclical Stocks to Buy for 2025
- Jan -24 - Freeport-McMoRan's Copper Sales Fall Sparks Mixed Analyst Reactions, Long-Term Upside Remains In Play
- Jan -23 - Freeport-McMoRan Inc. (FCX) Q4 2024 Earnings Call Transcript
- Jan -23 - Freeport's Earnings Surpass Estimates in Q4, Revenues Miss
- Jan -23 - Compared to Estimates, Freeport-McMoRan (FCX) Q4 Earnings: A Look at Key Metrics
- Jan -23 - Freeport-McMoRan (FCX) Beats Q4 Earnings Estimates
- Jan -23 - Freeport Fourth-Quarter and Year Ended 2024 Financial and Operating Results Release Available on Its Website
- Jan -22 - Mining Stock Gears Up for Q4 Earnings
- Jan -22 - Freeport-McMoRan to Post Q4 Earnings: What's in Store for the Stock?
- Jan -20 - Freeport-McMoRan: Time For A Checkup With Dr. Copper (Technical Analysis)
- Jan -19 - 5 Top Cyclical Stocks to Buy Now
- Jan -17 - Freeport-McMoRan (FCX) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- Jan -17 - Insights Into Freeport-McMoRan (FCX) Q4: Wall Street Projections for Key Metrics
- Jan -16 - Freeport-McMoRan (FCX) Flat As Market Sinks: What You Should Know
- Jan -10 - Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
- Jan -10 - After Falling 25%, What's Next For Freeport?
- Jan -10 - Max Resource Announces Initial Public Offering for Australian Subsidiary
- Jan -03 - Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Indonesia Mining
Expected Growth : 3 %
What the company do ?
Indonesia Mining from Freeport-McMoRan Inc. refers to the Grasberg mine, one of the world's largest copper and gold mines, operated in Papua, Indonesia.
Why we expect these perspectives ?
Indonesia Mining from Freeport-McMoRan Inc. growth driven by increasing copper prices, rising global demand, and expansion of Grasberg mine's underground operations. Additionally, the country's favorable mining regulations and infrastructure development support the segment's growth.
Segment n°2 -> Rod and Refining
Expected Growth : 2 %
What the company do ?
Rod and Refining from Freeport-McMoRan Inc. refers to the production of copper rod and other refined copper products, including copper cathodes and copper cake.
Why we expect these perspectives ?
Freeport-McMoRan's Rod and Refining segment growth is driven by increasing demand for copper rod products in the electrical and construction industries, coupled with the company's efforts to optimize refining operations and improve productivity. Additionally, strategic investments in new technologies and expansion into high-growth markets are expected to contribute to the segment's growth.
Segment n°3 -> South America Mining - Cerro Verde
Expected Growth : 4 %
What the company do ?
South America Mining - Cerro Verde is a copper mine in Peru, operated by Freeport-McMoRan Inc., producing copper and molybdenum concentrates.
Why we expect these perspectives ?
Cerro Verde's 4% growth is driven by increasing copper production, strong demand from the electric vehicle industry, and rising global infrastructure investments. Additionally, Freeport-McMoRan's cost reduction initiatives and operational efficiencies have improved the mine's profitability, further supporting growth.
Segment n°4 -> Atlantic Copper Smelting and Refining
Expected Growth : 2 %
What the company do ?
Atlantic Copper Smelting and Refining from Freeport-McMoRan Inc. is a copper smelting and refining facility in Spain, producing copper anodes and cathodes.
Why we expect these perspectives ?
Atlantic Copper Smelting and Refining from Freeport-McMoRan Inc. growth driven by increasing copper demand from electric vehicle and renewable energy industries, coupled with supply constraints and strong operational performance, resulting in a 2% growth rate.
Segment n°5 -> Corporate, Other and Eliminations
Expected Growth : 1 %
What the company do ?
Corporate represents unallocated costs, Other includes oil and gas operations, and Eliminations removes intersegment sales and profits from consolidated results.
Why we expect these perspectives ?
Corporate: Cost savings initiatives and lower overhead expenses drive growth. Other: Higher third-party copper sales and favorable pricing contribute to growth. Eliminations: Intersegment sales eliminations and lower copper price realizations offset growth.
Segment n°6 -> South America Mining - Other
Expected Growth : 3 %
What the company do ?
South America Mining - Other from Freeport-McMoRan Inc. refers to the company's mining operations in South America, excluding copper, gold, and molybdenum, including other minerals.
Why we expect these perspectives ?
Strong copper demand, increasing production at Cerro Verde mine in Peru, and higher gold prices drive growth in South America Mining - Other segment for Freeport-McMoRan Inc. Additionally, cost savings initiatives and favorable foreign exchange rates contribute to the 3% growth.
Segment n°7 -> North America Copper Mines - Other
Expected Growth : 2 %
What the company do ?
North America Copper Mines - Other from Freeport-McMoRan Inc. includes copper mines in the US and Mexico, excluding Morenci and Sierrita.
Why we expect these perspectives ?
Freeport-McMoRan's North America Copper Mines - Other segment growth is driven by increasing copper prices, strong demand from electric vehicle and renewable energy industries, and operational efficiencies from cost-saving initiatives and productivity improvements.
Segment n°8 -> North America Copper Mines - Morenci
Expected Growth : 3 %
What the company do ?
North America Copper Mines - Morenci is a copper mine in Arizona, operated by Freeport-McMoRan Inc., producing copper and molybdenum.
Why we expect these perspectives ?
Morenci's 3% growth is driven by increasing copper prices, steady production volumes, and cost savings from operational efficiencies. Additionally, Freeport-McMoRan's investment in mine expansion and debottlenecking projects will enhance throughput and reduce costs, further supporting growth.
Freeport-Mcmoran Inc. Products
| Product Range | What is it ? |
|---|---|
| Copper | Freeport-McMoRan Inc. is one of the largest copper producers in the world, with operations in North America, South America, and Indonesia. |
| Gold | Freeport-McMoRan Inc. is a significant producer of gold, with operations in North America, South America, and Indonesia. |
| Molybdenum | Freeport-McMoRan Inc. is a leading producer of molybdenum, a metal used to strengthen steel and other alloys. |
| Silver | Freeport-McMoRan Inc. produces silver as a byproduct of its copper and gold mining operations. |
| Oil and Natural Gas | Freeport-McMoRan Inc. has oil and natural gas operations in the Gulf of Mexico and onshore in South Louisiana. |
Freeport-McMoRan Inc.'s Porter Forces
Threat Of Substitutes
Freeport-McMoRan Inc. operates in the mining industry, where substitutes are limited. However, the company's copper and gold products face some substitution threats from alternative materials and recycling.
Bargaining Power Of Customers
Freeport-McMoRan Inc.'s customers, mainly industrial manufacturers, have limited bargaining power due to the company's dominant position in the copper market and the lack of alternative suppliers.
Bargaining Power Of Suppliers
Freeport-McMoRan Inc. relies on suppliers for equipment, materials, and services. While the company has some bargaining power, suppliers can still exert some pressure, particularly in times of high demand.
Threat Of New Entrants
The mining industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and environmental concerns, making it difficult for new entrants to challenge Freeport-McMoRan Inc.'s position.
Intensity Of Rivalry
The mining industry is highly competitive, with several major players competing for market share. Freeport-McMoRan Inc. faces intense rivalry from companies like Rio Tinto, BHP, and Glencore, which can lead to pricing pressures and reduced market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 36.28% |
| Debt Cost | 12.76% |
| Equity Weight | 63.72% |
| Equity Cost | 14.05% |
| WACC | 13.58% |
| Leverage | 56.95% |
Freeport-McMoRan Inc. : Quality Control
Freeport-McMoRan Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
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| SHW | The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands … |
| MLM | Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, … |
| DOW | Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Dow
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Nucor
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Vulcan Materials
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Sherwin-Williams
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Martin Marietta Materials
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