FCX - Freeport-McMoRan Inc Stock Price, Fair Value and News

49.94USD-1.45 (-2.82%)Market Closed

Market Summary

USD49.94-1.45

Market Closed

-2.82%

FCX Alerts

4 major insider sales recently.

FCX Stock Price

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FCX RSI Chart

FCX Valuation

Market Cap

71.7B

Price/Earnings (Trailing)

18.57

Price/Sales (Trailing)

3.02

EV/EBITDA

9.31

Price/Free Cashflow

11.71

FCX Price/Sales (Trailing)

FCX Profitability

Operating Margin

30.34%

EBT Margin

25.82%

Return on Equity

13.75%

Return on Assets

7.13%

Free Cashflow Yield

8.54%

FCX Fundamentals

FCX Revenue

Revenue (TTM)

23.8B

Rev. Growth (Yr)

17.29%

Rev. Growth (Qtr)

7.04%

FCX Earnings

Earnings (TTM)

3.9B

Earnings Growth (Yr)

10.77%

Earnings Growth (Qtr)

15.39%

Breaking Down FCX Revenue

Last 7 days

0.1%

Last 30 days

-0.1%

Last 90 days

31.0%

Trailing 12 Months

36.2%

How does FCX drawdown profile look like?

FCX Financial Health

Current Ratio

2.35

Debt/Equity

0.31

Debt/Cashflow

0.71

FCX Investor Care

Dividend Yield

1.2%

Dividend/Share (TTM)

0.6

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

1.32

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	23.8B	0	0	0
2023	21.6B	21.9B	22.7B	22.9B
2022	24.6B	24.3B	23.2B	22.8B
2021	16.3B	18.9B	21.2B	22.8B
2020	13.4B	12.9B	13.6B	14.2B
2019	17.6B	15.9B	14.2B	14.4B
2018	17.9B	19.4B	20.0B	18.6B
2017	14.9B	15.3B	15.7B	16.4B
2016	14.1B	13.5B	14.0B	14.8B
2015	19.1B	17.9B	16.0B	14.6B
2014	21.0B	21.9B	21.0B	20.0B
2013	18.0B	17.8B	19.5B	20.9B
2012	19.8B	18.4B	17.7B	18.0B
2011	20.3B	22.3B	22.3B	20.9B
2010	16.8B	17.0B	18.0B	19.0B
2009	14.7B	13.0B	12.5B	15.0B
2008	17.2B	17.4B	17.6B	17.8B
2007	0	0	0	16.9B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Freeport-McMoRan Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	adkerson richard c	sold	-2,781,120	50.7772	-54,771	chairman of the board & ceo
May 03, 2024	higgins stephen t.	sold	-2,153,260	50.3486	-42,767	senior vp & cao
May 03, 2024	higgins stephen t.	acquired	509,355	11.91	42,767	senior vp & cao
May 01, 2024	mikes ellie l.	acquired	37,510	28.14	1,333	chief accounting officer
May 01, 2024	higgins stephen t.	acquired	521,982	11.8903	43,900	senior vp & cao
May 01, 2024	higgins stephen t.	sold	-2,242,330	51.0782	-43,900	senior vp & cao
May 01, 2024	mikes ellie l.	sold	-220,858	50.9711	-4,333	chief accounting officer
Apr 30, 2024	adkerson richard c	sold	-8,557,010	50.5647	-169,229	chairman of the board & ceo
Apr 29, 2024	adkerson richard c	acquired	11,008,400	18.98	580,000	chairman of the board & ceo

Which funds bought or sold FCX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Keudell/Morrison Wealth Management	reduced	-0.58	34,856	389,890	0.12%
May 07, 2024	VERUS CAPITAL PARTNERS, LLC	reduced	-31.82	-1,031,220	3,144,490	0.35%
May 07, 2024	HYMAN CHARLES D	reduced	-0.21	1,785,000	19,253,000	1.06%
May 07, 2024	Arizona State Retirement System	added	2.02	2,178,520	19,348,900	0.13%
May 07, 2024	Mitsubishi UFJ Asset Management (UK) Ltd.	reduced	-27.59	-248,000	987,000	0.50%
May 07, 2024	O'Dell Group, LLC	sold off	-100	-1,448	-	-%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	added	257	11,797	15,799	-%
May 07, 2024	Williams Jones Wealth Management, LLC.	reduced	-35.1	-278,189	704,454	0.01%
May 07, 2024	Israel Discount Bank of New York	sold off	-100	-224,302	-	-%
May 07, 2024	KCM INVESTMENT ADVISORS LLC	added	1.72	236,898	2,154,970	0.08%

Are Funds Buying or Selling FCX?

Are funds buying FCX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FCX

No. of Funds

FCX Alerts

4 major insider sales recently.

Unveiling Freeport-McMoRan Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	8.33%	119,487,244	SC 13G/A
Feb 12, 2024	blackrock inc.	7.7%	110,691,689	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	capital research global investors	4.2%	59,817,641	SC 13G/A
Feb 13, 2023	capital research global investors	5.6%	80,587,216	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	8.20%	117,165,294	SC 13G/A
Jan 31, 2023	blackrock inc.	7.9%	112,563,523	SC 13G/A
Mar 11, 2022	blackrock inc.	7.5%	109,683,594	SC 13G/A
Feb 11, 2022	capital research global investors	5.0%	73,817,050	SC 13G

Recent SEC filings of Freeport-McMoRan Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
May 06, 2024	144	Notice of Insider Sale Intent
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
May 01, 2024	144	Notice of Insider Sale Intent
Apr 30, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Freeport-McMoRan Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	87.4B	9.7B	0.66%	42.97%	37.06	9	-3.73%	-11.90%
FCX	71.7B	23.8B	-0.12%	36.22%	18.57	3.02	10.30%	6.62%
NEM	47.9B	13.2B	5.41%	-13.75%	-17.9	3.64	13.70%	-408.56%
NUE	40.7B	34.1B	-15.48%	21.13%	9.62	1.19	-14.07%	-36.33%
RS	16.8B	14.5B	-13.14%	20.40%	13.35	1.16	-12.23%	-26.09%
CLF	8.2B	21.9B	-23.24%	14.43%	18.64	0.37	-1.92%	-15.58%
MID-CAP
AA	6.6B	10.5B	0.80%	0.33%	-9.66	0.63	-11.40%	15.25%
CMC	6.5B	8.4B	-2.75%	26.79%	9.56	0.77	-8.32%	-10.17%
HL	3.1B	720.2M	-9.74%	-19.95%	-36.45	4.26	0.18%	-125.49%
MTRN	2.3B	1.6B	-12.51%	5.64%	27.18	1.41	-8.15%	-14.39%
SMALL-CAP
CDE	2.0B	847.0M	7.82%	43.66%	-18.83	2.4	7.96%	2.02%
CENX	1.6B	2.1B	-1.35%	116.15%	6.45	0.74	-17.61%	444.18%
CMP	556.9M	1.2B	-3.44%	-55.96%	-9.53	0.47	-5.61%	-206.82%
AUMN	8.0M	12.0M	-14.06%	-90.00%	-0.87	0.67	-48.46%	6.84%
GLG	989.3K	134.6M	-	-93.31%	-1.37	0.01	-14.16%	-115.91%

Freeport-McMoRan Inc News

Latest updates

Freeport-McMoRan Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.0%	6,321	5,905	5,824	5,737	5,389	5,758	5,003	5,416	6,603	6,164	6,083	5,748	4,850	4,495	3,851	3,054	2,798	3,911	3,153	3,546	3,792
Cost Of Revenue	12.4%	4,439	3,949	4,086	4,096	3,564	4,023	3,899	3,528	3,639	3,723	3,551	3,550	3,206	3,066	2,868	2,613	3,108	3,408	3,033	3,359	3,323
Costs and Expenses	12.0%	4,687	4,183	4,332	4,327	3,788	4,228	4,041	3,680	3,794	3,859	3,621	3,681	3,318	2,786	2,971	2,733	3,271	3,136	3,191	3,513	3,471
S&GA Expenses	20.0%	144	120	118	115	126	107	98.00	100	115	94.00	102	87.00	100	97.00	72.00	91.00	110	92.00	101	92.00	112
EBITDA Margin	1.1%	0.33*	0.33*	0.32*	0.30*	0.32*	0.36*	0.37*	0.42*	0.43*	0.40*	0.39*	0.35*	-	-	-	-	-	-	-	-	-
Interest Expenses	8.2%	-89.00	-97.00	-96.00	-171	-151	-137	-140	-156	-127	-171	-138	-148	-145	-236	-120	-115	-127	-219	-123	-132	-146
Income Taxes	-29.3%	512	724	508	539	499	557	315	571	824	625	628	603	443	611	297	96.00	-60.00	329	91.00	-15.00	105
Earnings Before Taxes	-3.1%	1,674	1,728	1,472	1,268	1,538	1,536	867	1,599	2,713	1,973	2,360	1,928	1,398	1,469	723	217	-612	366	-149	-94.00	183
EBT Margin	-1.7%	0.26*	0.26*	0.26*	0.24*	0.26*	0.29*	0.31*	0.36*	0.36*	0.34*	0.34*	0.29*	-	-	-	-	-	-	-	-	-
Net Income	15.4%	1,162	1,007	964	731	1,049	977	560	1,038	1,904	1,358	1,723	1,331	953	858	432	124	-549	43.00	-234	-74.00	76.00
Net Income Margin	-1.0%	0.16*	0.16*	0.16*	0.15*	0.17*	0.20*	0.21*	0.25*	0.26*	0.23*	0.23*	0.19*	-	-	-	-	-	-	-	-	-
Free Cashflow	43.6%	1,896	1,320	1,236	1,673	1,050	1,069	758	1,621	1,691	2,280	1,965	2,395	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.2%	54,198	52,506	51,648	50,907	50,909	51,093	49,927	50,113	48,832	48,022	46,917	45,436	43,643	42,144	41,099	40,230	40,219	40,809	40,943	41,086	41,059
Current Assets	5.5%	14,842	14,065	14,077	14,057	14,746	15,613	15,373	16,182	15,302	14,830	13,791	12,599	10,856	9,303	8,071	7,155	7,357	7,915	8,347	8,730	9,045
Cash Equivalents	33.2%	6,340	4,758	5,745	6,683	6,852	8,146	8,824	9,745	8,588	8,314	7,919	6,569	4,835	3,903	2,655	1,729	1,867	2,278	2,512	3,006	3,112
Net PPE	2.6%	36,197	35,295	34,535	33,845	33,159	32,627	31,814	31,200	30,708	30,345	30,102	29,836	29,775	29,818	29,911	29,936	29,899	29,584	29,330	28,841	28,497
Liabilities	3.6%	26,093	25,196	24,971	24,880	25,261	26,222	25,746	26,066	24,790	25,003	24,386	24,501	24,070	23,476	23,537	23,075	23,256	23,361	23,401	23,269	23,218
Current Liabilities	8.4%	6,305	5,815	4,860	4,788	5,281	6,345	5,999	5,932	6,454	5,892	5,523	5,527	4,611	3,417	3,096	2,906	3,143	3,209	3,381	3,286	3,247
Long Term Debt	0%	8,656	8,656	9,370	9,458	9,586	9,583	9,658	10,054	8,256	9,078	8,768	8,638	9,153	9,677	9,983	9,824	9,829	9,821	9,915	9,912	9,902
LT Debt, Current	0.4%	769	766	35.00	37.00	49.00	1,037	1,032	1,038	1,365	372	897	1,057	656	34.00	47.00	90.00	245	5.00	-	-	-
LT Debt, Non Current	-100.0%	-	8,656	9,370	9,458	9,586	9,583	9,658	10,054	8,256	9,078	8,768	8,638	9,153	9,677	9,983	9,824	9,829	9,821	9,915	9,912	9,902
Shareholder's Equity	68.4%	28,105	16,693	16,459	26,027	25,648	15,555	24,181	24,047	24,042	23,019	22,531	20,935	19,573	18,668	17,562	17,155	16,963	17,448	17,542	17,817	17,841
Retained Earnings	23.0%	-1,586	-2,059	-2,447	-2,901	-3,244	-3,907	-4,604	-5,008	-5,848	-7,375	-8,481	-9,880	-10,963	-11,681	-12,389	-12,718	-12,771	-12,280	-12,289	-12,082	-12,010
Additional Paid-In Capital	-0.6%	24,488	24,637	24,833	25,028	25,227	25,322	25,483	25,661	25,835	25,875	26,023	26,084	26,080	26,037	25,934	25,905	25,875	25,830	25,880	25,949	25,963
Shares Outstanding	0.1%	1,436	1,434	1,435	1,434	1,433	1,441	1,431	1,451	1,455	1,466	1,469	1,465	-	-	-	-	-	-	-	-	-
Minority Interest	4.9%	11,132	10,617	10,218	9,825	9,591	9,316	9,227	9,158	9,176	9,039	9,178	8,924	8,653	8,494	8,326	8,201	8,108	8,150	8,098	8,108	8,058
Float	-	-	-	-	57,100	-	-	-	41,800	-	-	-	48,600	-	-	-	14,900	-	-	-	13,100	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	43.6%	1,896	1,320	1,236	1,673	1,050	1,069	758	1,621	1,691	2,280	1,965	2,395	1,075	1,327	1,237	491	-38.00	170	224	554	534
Share Based Compensation	165.0%	53.00	20.00	17.00	19.00	53.00	20.00	13.00	13.00	49.00	19.00	23.00	15.00	41.00	39.00	17.00	16.00	27.00	11.00	12.00	11.00	29.00
Cashflow From Investing	6.9%	-1,277	-1,372	-1,219	-1,201	-1,164	-1,059	-851	-816	-714	-733	-398	-465	-368	169	-407	-480	-546	-278	-658	-621	-546
Cashflow From Financing	19.3%	-342	-424	-414	-640	-1,172	-444	-828	352	-703	-1,152	-217	-196	225	-248	96.00	-149	173	-126	-60.00	-39.00	-1,331
Dividend Payments	0.9%	218	216	215	215	217	214	214	218	220	111	109	111	-	-	-	-	73.00	73.00	72.00	73.00	73.00
Buy Backs	-	-	-	-	-	-	-	162	644	541	488	-	-	-	-	-	-	-	-	-	-	-

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FCX Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 22,855	$ 22,780	$ 22,845
Cost of sales:
Production and delivery	13,627	13,070	12,032
Depreciation, depletion and amortization	2,068	2,019	1,998
Total cost of sales	15,695	15,089	14,030
Selling, general and administrative expenses	479	420	383
Exploration Expense	137	115	55
Environmental obligations and shutdown costs	319	121	91
Net gain on sales of assets	0	(2)	(80)
Total costs and expenses	16,630	15,743	14,479
Operating income	6,225	7,037	8,366
Interest expense, net	(515)	(560)	(602)
Net gain on early extinguishment of debt	10	31	0
Other income (expense), net	286	207	(105)
Income before income taxes and equity in affiliated companies’ net earnings	6,006	6,715	7,659
Provision for (benefit from) income taxes	(2,270)	(2,267)	(2,299)
Equity in affiliated companies’ net earnings	15	31	5
Net income	3,751	4,479	5,365
Net income attributable to noncontrolling interests	(1,903)	(1,011)	(1,059)
Net income attributable to common stockholders	$ 1,848	$ 3,468	$ 4,306
Net income per share attributable to common stockholders:
Income (Loss) from Continuing Operations, Per Basic Share	$ 1.28	$ 2.40	$ 2.93
Income (Loss) from Continuing Operations, Per Diluted Share	$ 1.28	$ 2.39	$ 2.90
Weighted-average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic	1,434	1,441	1,466
Weighted Average Number of Shares Outstanding, Diluted	1,443	1,451	1,482
Dividends declared per share of common stock (in dollars per share)	$ 0.60	$ 0.60	$ 0.375

FCX Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 4,758	$ 8,146
Restricted cash and cash equivalents	1,208	111
Trade accounts receivable	1,209	1,336
Income and other tax receivables	455	459
Inventories:
Total materials and supplies, net	2,169	1,964
Mill and leach stockpiles	1,419	1,383
Product	2,472	1,833
Other current assets	375	381
Total current assets	14,065	15,613
Property, plant, equipment and mine development costs, net	35,295	32,627
Long-term mill and leach stockpiles	1,336	1,252
Other assets	1,810	1,601
Total assets	52,506	51,093
Current liabilities:
Accounts payable and accrued liabilities	3,729	4,027
Current portion of debt	766	1,037
Accrued income taxes	786	744
Current portion of environmental and asset retirement obligations	316	320
Dividends payable	218	217
Total current liabilities	5,815	6,345
Long-term debt, less current portion	8,656	9,583
Environmental and asset retirement obligations, less current portion	4,624	4,463
Deferred income taxes	4,453	4,269
Other liabilities	1,648	1,562
Total liabilities	25,196	26,222
Stockholders’ equity:
Common stock, par value $0.10, 1,619 shares and 1,613 shares issued, respectively	162	161
Capital in excess of par value	24,637	25,322
Accumulated deficit	(2,059)	(3,907)
Accumulated other comprehensive loss	(274)	(320)
Common stock held in treasury – 184 shares and 183 shares, respectively, at cost	(5,773)	(5,701)
Total stockholders’ equity	16,693	15,555
Noncontrolling interests	10,617	9,316
Total equity	27,310	24,871
Total liabilities and equity	$ 52,506	$ 51,093

About Freeport-McMoRan Inc

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, as well as oil and gas. The company's 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. It also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. 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.

CEO	Mr. Richard C. Adkerson
WEBSITE	https://fcx.com
INDUSTRY	Metals and Mining
EMPLOYEES	25600

Freeport-McMoRan Inc Frequently Asked Questions

What is the ticker symbol for Freeport-McMoRan Inc? What does FCX stand for in stocks?

FCX is the stock ticker symbol of Freeport-McMoRan Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Freeport-McMoRan Inc (FCX)?

As of Wed May 08 2024, market cap of Freeport-McMoRan Inc is 71.63 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FCX stock?

You can check FCX's fair value in chart for subscribers.

What is the fair value of FCX stock?

You can check FCX's fair value in chart for subscribers. The fair value of Freeport-McMoRan Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Freeport-McMoRan Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FCX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Freeport-McMoRan Inc a good stock to buy?

The fair value guage provides a quick view whether FCX is over valued or under valued. Whether Freeport-McMoRan Inc is cheap or expensive depends on the assumptions which impact Freeport-McMoRan Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FCX.

What is Freeport-McMoRan Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, FCX's PE ratio (Price to Earnings) is 19.1 and Price to Sales (PS) ratio is 3.13. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FCX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Freeport-McMoRan Inc's stock?

In the past 10 years, Freeport-McMoRan Inc has provided 0.04 (multiply by 100 for percentage) rate of return.