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 driven by renewable energy and electrification trends, with strong financial health and global operations |
Indonesian Expansion | New smelter commissioning and potential Grasberg mine extension signal FCX's commitment to vertical integration and long-term growth in a key market |
Financial Strength | FCX boasts impressive margins and cash flow potential, with analysts projecting $4.8 billion in free cash flow for 2025 and a 7% implied yield |
Market Dynamics | Bullish copper outlook and supply challenges position FCX favorably, with analyst price targets ranging from $57 to $62, reflecting confidence in future performance |
Metrics to compare | FCX | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipFCXPeersSector | |
---|---|---|---|---|
P/E Ratio | 31.0x | 8.8x | 1.2x | |
PEG Ratio | 4.46 | 0.05 | 0.00 | |
Price/Book | 3.1x | 1.7x | 1.6x | |
Price / LTM Sales | 2.2x | 2.0x | 1.2x | |
Upside (Analyst Target) | 17.2% | 12.6% | 26.5% | |
Fair Value Upside | Unlock | 14.6% | 3.5% | Unlock |