Freeport-McMoRan Inc. (FCX) Stock

About Freeport-McMoRan Inc.

Freeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.

Freeport-McMoRan Inc. is led by CEO Kathleen Lynne Quirk, employs 28,500 people, headquartered in Phoenix, US, publicly traded since 1995.

Freeport-McMoRan Inc. (FCX) stock trades at $59.99 with a market capitalization of $86.24B. The stock is valued at a price-to-earnings (P/E) ratio of 32.07, price-to-book of 4.35, price-to-sales of 3.39. Over the past 52 weeks the stock has ranged between $35.15 and $72.28, and currently trades 17.0% below its 52-week high.

On profitability, Freeport-McMoRan Inc. generates a return on equity (ROE) of 15.63%, above the typical market average, return on capital employed of 20.44%, an operating margin of 24.44%, a net profit margin of 10.34%.

In its most recent fiscal year, Freeport-McMoRan Inc. reported annual revenue of $25.7B, net profit of $2.2B, revenue has compounded at 13.2% a year over the last five years, profit at 29.9% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.53, a current ratio of 2.29, total assets of $58.2B, $3.4B in cash and equivalents.

FCX has an average daily trading volume of 14,425,179 shares, a beta of 1.36 (more volatile than the overall market).

Official website: fcx.com