Freeport-McMoRan Inc. (FCX)
Summary
Freeport-McMoRan: The Trailing Multiple Is Describing An Accident
Freeport-McMoRan offers direct copper exposure, with operational recovery at Grasberg and significant leverage to rising copper prices. FCX trades at 5.5x forward EBITDA versus a historical average of 8.25x, with free cash flow yield projected to rise from 1.78% to nearly 8%. Operational improvements, especially in Indonesia, and by-product credits drive forward cash flow, but license renewal and copper price risks remain material.
Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
Freeport-McMoRan (FCX) closed at $76.45 in the latest trading session, marking a -2.51% move from the prior day.
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Freeport-McMoRan Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 63,347 | $3.17M | $4.29M | $1.12M | 35.32% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 3,674 | $147,992.47 | $230,102.62 | $82,110.15 | 55.48% |
 Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 8,220 | $374,322.68 | $579,592.2 | $205,269.52 | 54.84% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 1,150 | $49,951.4 | $72,024.5 | $22,073.1 | 44.19% |
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 13,609 | $261,872.21 | $852,331.67 | $590,459.46 | 225.48% |
Freeport-McMoRan Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Timna Tanners Wells Fargo | 50.96 | $3,235.62 | $3,388.15 | $152.53 | 4.71% |
| LW Lawson Winder B of A Securities | 106.72 | $6,459.78 | $6,578.24 | $118.46 | 1.83% |
 Daniel Major UBS | 110.56 | $6,889.28 | $6,815.2 | -$74.08 | -1.08% |
Freeport-McMoRan Inc. (FCX) FAQ
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Freeport-McMoRan Inc. Profile
| Metals & Mining Industry | Materials Sector | Ms. Kathleen Lynne Quirk CEO | NYSE Exchange | 35671D857 CUSIP |
| BR Country | 29,000 Employees | 3 Aug 2026 Last Dividend | 2 Feb 2011 Last Split | 10 Jul 1995 IPO Date |
Overview
Freeport-McMoRan Inc., a leading international mining company, operates across North America, South America, and Indonesia. Founded in 1987 and initially known as Freeport-McMoRan Copper & Gold Inc., the company underwent a name change in July 2014 to better reflect its expanded portfolio of mined materials beyond just copper and gold. With its headquarters situated in Phoenix, Arizona, Freeport-McMoRan Inc. specializes in the exploration and production of a wide range of minerals. It has built a robust presence across several strategic locations, including the renowned Grasberg minerals district in Indonesia and numerous significant mining operations across Arizona, New Mexico, and Colorado in North America, as well as in Peru and Chile in South America.
Products and Services
- Copper
- Gold
- Molybdenum
- Silver
- Other Metals
As a cornerstone product, copper stands at the forefront of Freeport-McMoRan Inc.'s mining operations. This essential metal, known for its excellent electrical conductivity, is widely used in electrical equipment, construction, and various industrial machinery.
Alongside copper, Freeport-McMoRan Inc. maintains significant gold mining efforts, particularly noted in the Grasberg minerals district. Gold is not only a critical asset for the company but also a key player in the global jewelry market and as an investment commodity.
Molybdenum is another valuable mineral in the company’s portfolio, primarily used as an alloying agent in steel to enhance strength, resistance to corrosion, and temperature stability.
Freeport-McMoRan Inc. also explores for silver, a precious metal known for its use in jewelry, silverware, and as an industrial material in photovoltaic cells and electrical contacts due to its high electrical and thermal conductivity.
Expanding beyond these core products, the company is engaged in the extraction and production of various other metals, catering to a wide spectrum of industries and applications, demonstrating Freeport-McMoRan Inc.’s versatility and adaptability in the mining sector.
