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. The company’s assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone 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 was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Copper Giant's Outlook | Freeport-McMoRan poised to capitalize on growing copper demand amid global electrification trends, with strong financial health and strategic assets |
Indonesian Operations | New smelter commissioning and potential Grasberg mine extension signal FCX's commitment to long-term growth and vertical integration |
Financial Strength | FCX boasts robust financials with $25.64B revenue, 41.28% gross margin, and projected $4.8B free cash flow in 2025, trading slightly below fair value |
Market Positioning | Analysts bullish on FCX with price targets ranging $57-$62, citing favorable copper market dynamics and the company's strong competitive position |
Metrics to compare | FCX | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipFCXPeersSector | |
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P/E Ratio | 30.4x | 15.2x | 1.6x | |
PEG Ratio | 4.99 | 0.22 | 0.00 | |
Price/Book | 3.0x | 1.3x | 1.6x | |
Price / LTM Sales | 2.2x | 2.5x | 1.1x | |
Upside (Analyst Target) | 21.0% | 23.0% | 31.8% | |
Fair Value Upside | Unlock | 24.8% | 4.4% | Unlock |