freeport-mcmoran inc. - FCX

FCX

Close Chg Chg %
43.13 -0.12 -0.28%

Open Market

43.01

-0.12 (0.28%)

Volume: 8.53M

Last Updated:

Nov 14, 2024, 3:49 PM EDT

Company Overview: freeport-mcmoran inc. - FCX

FCX Key Data

Open

$43.41

Day Range

42.71 - 43.57

52 Week Range

34.55 - 55.24

Market Cap

$60.37B

Shares Outstanding

1.40B

Public Float

1.39B

Beta

1.91

Rev. Per Employee

N/A

P/E Ratio

31.37

EPS

$1.38

Yield

139.15%

Dividend

$0.15

EX-DIVIDEND DATE

Oct 15, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

10.65M

 

FCX Performance

1 Week
 
-6.99%
 
1 Month
 
-13.81%
 
3 Months
 
-0.74%
 
1 Year
 
19.78%
 
5 Years
 
286.38%
 

FCX Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 25
Full Ratings ➔

About freeport-mcmoran inc. - FCX

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining, Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining, and Corporate and Other. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita, Miami in Arizona and Chino, and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of the Grasberg minerals district that produce copper concentrate containing significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, and rod mills. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate and Other segment offers other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

FCX At a Glance

Freeport-McMoRan, Inc.
333 North Central Avenue
Phoenix, Arizona 85004-2189
Phone 1-602-366-8100 Revenue 22.71B
Industry Other Metals/Minerals Net Income 1.84B
Sector Non-Energy Minerals Employees 27,200
Fiscal Year-end 12 / 2024
View SEC Filings

FCX Valuation

P/E Current 31.723
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 33.349
Price to Sales Ratio 2.705
Price to Book Ratio 3.66
Price to Cash Flow Ratio 11.636
Enterprise Value to EBITDA 9.316
Enterprise Value to Sales 3.344
Total Debt to Enterprise Value 0.13

FCX Efficiency

Revenue/Employee 834,816.176
Income Per Employee 67,720.588
Receivables Turnover 13.646
Total Asset Turnover 0.438

FCX Liquidity

Current Ratio 2.419
Quick Ratio 1.377
Cash Ratio 1.026

FCX Profitability

Gross Margin 30.303
Operating Margin 26.789
Pretax Margin 26.45
Net Margin 8.112
Return on Assets 3.556
Return on Equity 11.424
Return on Total Capital 6.939
Return on Invested Capital 7.205

FCX Capital Structure

Total Debt to Total Equity 59.025
Total Debt to Total Capital 37.117
Total Debt to Total Assets 18.765
Long-Term Debt to Equity 53.933
Long-Term Debt to Total Capital 33.915
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Freeport-mcmoran Inc. - FCX

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
13.87B 22.36B 23.33B 22.71B
Sales Growth
-3.37% +61.17% +4.37% -2.69%
Cost of Goods Sold (COGS) incl D&A
11.47B 14.07B 15.24B 15.83B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.53B 2.00B 2.02B 2.07B
Depreciation
- - - -
-
Amortization of Intangibles
- - - -
-
COGS Growth
-12.93% +22.71% +8.32% +3.84%
Gross Income
2.41B 8.29B 8.09B 6.88B
Gross Income Growth
+102.53% +244.43% -2.34% -14.98%
Gross Profit Margin
+17.34% +37.07% +34.68% +30.30%
2020 2021 2022 2023 5-year trend
SG&A Expense
354.00M 383.00M 420.00M 479.00M
Research & Development
- - - -
-
Other SG&A
354.00M 383.00M 420.00M 479.00M
SGA Growth
-14.49% +8.19% +9.66% +14.05%
Other Operating Expense
159.00M 91.00M 121.00M 319.00M
Unusual Expense
52.00M (408.00M) 423.00M (156.00M)
EBIT after Unusual Expense
1.84B 8.22B 7.13B 6.24B
Non Operating Income/Expense
554.00M 40.00M 146.00M 282.00M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
598.00M 602.00M 560.00M 515.00M
Interest Expense Growth
+12.41% +0.67% -6.98% -8.04%
Gross Interest Expense
745.00M 674.00M 710.00M 782.00M
Interest Capitalized
147.00M 72.00M 150.00M 267.00M
Pretax Income
1.80B 7.66B 6.71B 6.01B
Pretax Income Growth
+487.25% +326.21% -12.33% -10.56%
Pretax Margin
+12.95% +34.26% +28.78% +26.45%
Income Tax
944.00M 2.30B 2.27B 2.27B
Income Tax - Current - Domestic
(170.00M) (372.00M) (264.00M) (190.00M)
Income Tax - Current - Foreign
816.00M 2.46B 2.23B 2.09B
Income Tax - Deferred - Domestic
(8.00M) 188.00M 155.00M 53.00M
Income Tax - Deferred - Foreign
306.00M 23.00M 144.00M 320.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
(3.00M) (7.00M) (7.00M) (6.00M)
Consolidated Net Income
862.00M 5.36B 4.47B 3.75B
Minority Interest Expense
266.00M 1.06B 1.01B 1.90B
Net Income
596.00M 4.30B 3.46B 1.84B
Net Income Growth
+343.27% +621.31% -19.49% -46.78%
Net Margin Growth
+4.30% +19.23% +14.83% +8.11%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
596.00M 4.30B 3.46B 1.84B
Preferred Dividends
- - - -
-
Net Income Available to Common
596.00M 4.30B 3.46B 1.84B
EPS (Basic)
0.4102 2.9325 2.4018 1.2845
EPS (Basic) Growth
+343.01% +614.90% -18.10% -46.52%
Basic Shares Outstanding
1.45B 1.47B 1.44B 1.43B
EPS (Diluted)
0.4079 2.9008 2.3852 1.2765
EPS (Diluted) Growth
+341.65% +611.15% -17.77% -46.48%
Diluted Shares Outstanding
1.46B 1.48B 1.45B 1.44B
EBITDA
3.42B 9.81B 9.57B 8.15B
EBITDA Growth
+64.39% +186.79% -2.45% -14.84%
EBITDA Margin
+24.66% +43.88% +41.02% +35.90%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 56.407
Number of Ratings 25 Current Quarters Estimate 0.379
FY Report Date 12 / 2024 Current Year's Estimate 1.536
Last Quarter’s Earnings 0.38 Median PE on CY Estimate N/A
Year Ago Earnings 1.54 Next Fiscal Year Estimate 2.205
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 10 20 21
Mean Estimate 0.38 0.52 1.54 2.21
High Estimates 0.50 0.69 1.72 3.16
Low Estimate 0.22 0.29 1.30 1.26
Coefficient of Variance 25.43 22.40 6.70 20.47

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 14 14 13
OVERWEIGHT 4 4 3
HOLD 7 7 8
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Freeport-mcmoran Inc. - FCX

Date Name Shares Transaction Value
Jun 14, 2024 Kathleen L. Quirk President & CEO; Director 2,047,094 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Marcela E. Donadio Director 16,800 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Frances Fragos Townsend Director 119,870 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 David P. Abney Director 17,500 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Lydia H. Kennard Director 118,800 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Sara Grootwassink Lewis Director 26,300 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Robert W. Dudley Director 17,500 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Dustan E. McCoy Director 147,400 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Hugh M. M. Grant Director 35,642 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 John J. K. Stephens Director 59,824 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Ryan M. Lance Director 15,500 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 14, 2024 Stephen T. T. Higgins Senior VP & CAO 169,377 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $12.04 per share 2,039,299.08
May 14, 2024 Stephen T. T. Higgins Senior VP & CAO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 14, 2024 Stephen T. T. Higgins Senior VP & CAO 184,377 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $28.14 per share 5,188,368.78
May 14, 2024 Stephen T. T. Higgins Senior VP & CAO 104,377 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $52.03 per share 5,430,735.31
May 14, 2024 Stephen T. T. Higgins Senior VP & CAO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 14, 2024 Richard C. Adkerson Chairman of the Board & CEO; Director 1,622,560 Bona fide gift 0.00
May 8, 2024 Richard C. Adkerson Chairman of the Board & CEO; Director 3,652,478 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $50.78 per share 185,472,832.84
May 6, 2024 Stephen T. T. Higgins Senior VP & CAO 147,144 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $11.91 per share 1,752,485.04
May 6, 2024 Ellie Mikes Chief Accounting Officer N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

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