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Freeport mcmoran Inc (NYSE: FCX) |
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Price: $72.7300
$0.17 
0.234%
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| Day's High:
| $73.28500366210938
| Week Perf:
| -3.97 %
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| Day's Low: |
$ 71.45 |
30 Day Perf: |
6.67 % |
| Volume (M): |
6,927,362 |
52 Wk High: |
$ 80.24 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$57.00 |
| Open: |
$71.72 |
52 Wk Low: |
$35.15 |
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| Market Capitalization (Millions $) |
105,022 |
| Shares
Outstanding (Millions) |
1,444 |
| Employees |
29,000 |
| Revenues (TTM) (Millions $) |
26,421 |
| Net Income (TTM) (Millions $) |
4,746 |
| Cash Flow (TTM) (Millions $) |
-799 |
| Capital Exp. (TTM) (Millions $) |
4,295 |
Business Description
Overview of Freeport-McMoRan Inc.
Freeport-McMoRan Inc. is one of the worlds largest publicly traded copper and gold mining companies based on reserves and production levels. The companys operations are primarily centered around copper, gold, and molybdenum mining, with a significant focus on sustainable practices and efficient production methodologies. Freeport-McMoRans assets extend globally, but the most notable of these is the Grasberg mine in Indonesia, which is recognized as having one of the largest reserves of copper and gold globally.
Key Assets
- Grasberg Mine: Located in the highlands of Indonesia, the Grasberg mine is one of Freeport-McMoRans crown jewels. Discovered in the late 1980s, the mine has been a significant contributor to the companys gold and copper production. It boasts extensive reserves, making it a crucial asset for both the company and the mining industry.
- PT Freeport Indonesia: This subsidiary operates the Grasberg mine and focuses on the extraction and processing of copper, gold, and silver ore. The company is significantly structured under the laws of Indonesia but also incorporated in Delaware, USA. Freeport-McMoRan owns approximately 90.64% of PT Freeport Indonesia, with the Indonesian government holding the remaining stake.
Marketing and Sales
PT Freeport Indonesia employs a strategic marketing approach for its copper concentrates, which contain substantial amounts of gold and silver. Sales are predominantly conducted under U.S. dollar-denominated contracts, primarily targeting Asian and European markets, as well as international trading companies. The majority of the copper concentrate produced is sold through long-term contracts, which align pricing with global metals markets, typically referencing the London Metal Exchanges prices for copper and the London Bullion Market for gold.
Revenue reporting from concentrate sales is adjusted to account for treatment, refining charges, royalties, and other financial instruments used for hedging against price fluctuations, as a significant portion of metals from concentrates may not be recoverable during the smelting process.
Investment in Smelters
Freeport-McMoRan engages in downstream integration by investing in smelters like Atlantic Copper and PT Smelting to help manage its concentrate marketing strategy. Approximately half of the concentrate produced is sold to these affiliated smelters, allowing Freeport-McMoRan to mitigate market volatility associated with treatment and refining charges. This strategy ensures steady demand for its concentrate production, although fluctuations in smelting and refining charges can impact financial outcomes for both the smelters and the mining operations.
Competitive Landscape
Freeport-McMoRan faces competition from other major mining companies. The competitive advantages of these companies can include greater financial resources and diversified mining assets scattered across various geographies. Success in this sector relies not only on the ability to extract valuable metals but also on the capability to manage operational efficiencies and attract qualified personnel within an increasingly competitive talent market.
Sustainability and Social Responsibility
In recent years, Freeport-McMoRan has signaled its commitment to sustainability and corporate social responsibility. The company is increasingly focused on minimizing environmental impacts, improving health and safety measures, and contributing positively to local communities. This approach aligns with broader industry trends towards more responsible mining practices.
Conclusion
Freeport-McMoRan Inc. continues to be a significant player in the global mining industry, driven by a combination of high-quality assets, strategic marketing initiatives, and a commitment to sustainable practices. As the demand for copper and gold remains strong, the company’s ongoing operational efficiencies and market engagement will play a critical role in its future performance and contributions to the mining sector.
Company Address: 4340 E. Cotton Center Blvd., Suite 110 Phoenix 85040 AZ
Company Phone Number: 366-8100 Stock Exchange / Ticker: NYSE FCX
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Customers Net Income grew by |
FCX's Customers Net Profit Margin grew to |
81.38 % |
17.29 %
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| Stock Performances by Major Competitors |
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| Business Update
Published Fri, Oct 10 2025 3:33 PM UTC
In a pivotal moment for Freeport-McMoRan Inc., the global mining giant prepares to unveil crucial insights into its operations following a significant operational mishap at its Grasberg Block Cave mine in Central Papua, Indonesia. Scheduled for November 2025, this highly anticipated conference call with analysts and investors will not only address the ramifications of a Sept...
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| Business Update
Published Wed, Sep 24 2025 2:25 PM UTC
Freeport McMoRan’s Dual Front Challenge: Operational Setbacks and Financial Resilience Phoenix - On September 20, 2025, Freeport-McMoRan Inc. (NYSE: FCX), a leading mining corporation, provided crucial updates concerning the unfortunate mud rush incident at its Grasberg Block Cave (GBC) mine in Indonesia. The September 8th incident resulted in the tragic loss of two PT Fre...
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| Business Update
Published Fri, Sep 12 2025 3:54 PM UTC
Freeport s Progress in Indonesia: Mining Safety and Smelting Efficiency Freeport-McMoRan Inc. (NYSE: FCX), a leading international mining company, continues to demonstrate its commitment to safety, operational efficiency, and sustainability within its Indonesian operations. The company, renowned for responsible mining practices, has provided significant updates that undersco...
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| Business Update
Published Tue, Sep 9 2025 7:51 AM UTC
In recent developments, Freeport McMoRan Inc. (NYSE: FCX) has reported significant operational events and financial recalibrations that warrant a comprehensive analysis of the company s immediate and long-term prospects. The firm s operations at the Grasberg Block Cave underground mine in Central Papua, Indonesia, recently faced a critical incident on September 8, when a lar...
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| Stocks on the Move
Published Wed, Aug 7 2024 8:01 PM UTC
An In-Depth Analysis of Freeport-McMoRan Inc. s Recent Market Turbulence: Understanding the Sell-Off and Future Prospects Freeport-McMoRan Inc. (NYSE: FCX), a prominent player in the mining industry, particularly in copper, has experienced a turbulent wave in the market throughout early August 2024. Following various news releases and market activities, the stock has faced a...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
1.89 $ |
| Revenues (TTM) |
18.3 $
|
| Cash Flow (TTM) |
- |
| Cash |
2.78 $
|
| Book Value |
21.82 $
|
| Dividend (TTM) |
0.6 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
911,069 |
| Net
Income per Employee (TTM) |
163,655 |
| Receivable Turnover Ratio (TTM) |
30.07 |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.46 |
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| Per Share |
|
| Earnings (TTM) |
1.89 $
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| Revenues (TTM) |
18.3 $ |
| Cash Flow (TTM) |
- |
| Cash |
2.78 $
|
| Book Value |
21.82 $ |
| Dividend (TTM) |
0.6 $ |
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| Copper Cathode |
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 32.88 % |
of total Revenue |
| Refined Copper Products |
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24.13 % |
of total Revenue |
| Copper In Concentrates |
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17.37 % |
of total Revenue |
| Purchased Copper |
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1.43 % |
of total Revenue |
| Gold |
|
11.1 % |
of total Revenue |
| Molybdenum |
|
9.83 % |
of total Revenue |
| Silver And Other |
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4.46 % |
of total Revenue |
| Reporting Reconciling Item Excluding Corporate NonUnaffiliated Customers |
|
14.66 % |
of total Revenue |
| Intersegment |
|
-41.9 % |
of total Revenue |
| Unaffiliated Customers |
|
85.34 % |
of total Revenue |
| InterCustomers |
|
15.08 % |
of total Revenue |
| Reporting Reconciling Item Corporate NonInterCustomers |
|
26.82 % |
of total Revenue |
| Morenci |
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12.45 % |
of total Revenue |
| Morenci Unaffiliated Customers |
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0.19 % |
of total Revenue |
| Morenci InterCustomers |
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12.26 % |
of total Revenue |
| Cerro Verde |
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22.15 % |
of total Revenue |
| Cerro Verde Unaffiliated Customers |
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19.54 % |
of total Revenue |
| Cerro Verde InterCustomers |
|
2.61 % |
of total Revenue |
| Grasberg Segment |
|
17.2 % |
of total Revenue |
| Grasberg Unaffiliated Customers |
|
17.2 % |
of total Revenue |
| Rod and Refining Segment |
|
33.08 % |
of total Revenue |
| Rod and Refining Unaffiliated Customers |
|
32.92 % |
of total Revenue |
| Rod and Refining InterCustomers |
|
0.16 % |
of total Revenue |
| Atlantic Copper Smelting and Refining Segment |
|
15.54 % |
of total Revenue |
| Atlantic Copper Smelting and Refining Unaffiliated Customers |
|
15.5 % |
of total Revenue |
| Atlantic Copper Smelting and Refining InterCustomers |
|
0.05 % |
of total Revenue |
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On July 2 2024 the Freeport Mcmoran Inc provided following guidance
Freeport McMoRan Inc. (NYSE: FCX), a leading international mining company, announced significant strides in its Indonesian operations as of July 2024. The company shared financial guidance for the coming quarters, emphasizing two key developments: the commissioning of the newly constructed Manyar smelter in Gresik, Indonesia, and an update on its copper and gold sales for the second quarter of 2024.
The Manyar smelter, developed by PT Freeport Indonesia (PT-FI), a subsidiary of Freeport, reached substantial construction completion in June 2024. This milestone sets the stage for the commissioning phase, which has now commenced. The company anticipates that the smelter will begin producing copper cathod...
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0.52% 