Market Summary
USD38.38+0.54
Delayedas of 23 Mar 2023, 01:26 pm1.43%
FCX Alerts
FCX Stock Price
FCX RSI Chart
FCX Valuation
FCX Price/Sales (Trailing)
FCX Profitability
FCX Fundamentals
FCX Revenue
FCX Earnings
Price Action
52 Week Range
24.6751.27
(Low)(High)
Last 7 days
-12.4%
Last 30 days
-15.7%
Last 90 days
-6.9%
Trailing 12 Months
-18.7%
FCX Financial Health
FCX Investor Care
Peers (Alternatives to Freeport-McMoRan)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FCX | 54.9B | 22.8B | -15.67% | -18.67% | 12.26 | 2.41 | -0.28% | -16.51% |
SCCO | 53.0B | 10.0B | -7.68% | 4.39% | 20 | 5.27 | -8.10% | -22.37% |
NUE | 37.7B | 41.5B | -13.60% | 7.71% | 4.95 | 0.91 | 13.78% | 11.42% |
NEM | 36.3B | 11.9B | -4.53% | -36.64% | -84.62 | 3.05 | -2.51% | -136.79% |
STLD | 18.4B | 22.3B | -17.78% | 40.45% | 4.74 | 0.83 | 20.92% | 19.49% |
| MID-CAP | ||||||||
CLF | 9.0B | 23.0B | -12.18% | -30.31% | 6.57 | 0.39 | 37.87% | -4.59% |
AA | 7.2B | 12.5B | -17.06% | -45.71% | -58.56 | 0.58 | 2.46% | -128.67% |
X | 4.9B | 21.1B | -13.46% | -23.24% | 1.42 | 0.22 | 3.90% | -39.53% |
HL | 3.0B | 718.9M | -2.33% | -18.51% | -80.03 | 4.16 | -10.97% | -206.42% |
| SMALL-CAP | ||||||||
NG | 1.9B | - | -7.13% | -29.11% | -35.04 | - | - | -31.59% |
CDE | 863.4M | 785.6M | -10.15% | -30.32% | -11.05 | 1.1 | -5.67% | -149.37% |
THM | 107.4M | 551.2K | -6.17% | -44.06% | -35.32 | 194.9 | -10.00% | 49.14% |
TMQ | 78.8M | 998.0K | -13.23% | -47.95% | -3.25 | 78.91 | 22.00% | -11.99% |
XPL | 45.0M | 140.0K | 9.32% | -10.05% | -12.06 | 321.48 | -9.82% | -53.52% |
PZG | 14.7M | 283.1K | -6.42% | -62.02% | -2.26 | 51.91 | 2019.51% | 12.40% |
Financials for Freeport-McMoRan
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -1.8% | 22,780 | 23,186 | 24,266 | 24,598 | 22,845 |
| Cost Of Revenue | 2.0% | 15,089 | 14,789 | 14,441 | 14,463 | 14,030 |
| S&GA Expenses | 3.2% | 420 | 407 | 411 | 398 | 383 |
| Costs and Expenses | 2.4% | 15,743 | 15,374 | 14,954 | 14,955 | 14,479 |
| EBITDA | -5.3% | 8,174 | 8,630 | 10,145 | 10,458 | - |
| EBITDA Margin | -3.6% | 0.36* | 0.37* | 0.42* | 0.43* | - |
| Earnings Before Taxes | -6.1% | 6,715 | 7,152 | 8,645 | 8,974 | 7,659 |
| EBT Margin | -4.4% | 0.29* | 0.31* | 0.36* | 0.36* | - |
| Interest Expenses | 5.7% | -560 | -594 | -592 | -584 | -602 |
| Net Income | -7.8% | 4,479 | 4,860 | 6,023 | 6,316 | 5,365 |
| Net Income Margin | -6.2% | 0.20* | 0.21* | 0.25* | 0.26* | - |
| Free Cahsflow | -19.1% | 5,139 | 6,350 | 7,557 | 8,331 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.3% | 51,093 | 49,927 | 50,113 | 48,832 | 48,022 |
| Current Assets | 1.6% | 15,613 | 15,373 | 16,182 | 15,302 | 14,830 |
| Cash Equivalents | -5.0% | 8,146 | 8,578 | 9,492 | 8,338 | 8,068 |
| Net PPE | 2.6% | 32,627 | 31,814 | 31,200 | 30,708 | 30,345 |
| Liabilities | 1.8% | 26,222 | 25,746 | 26,066 | 24,790 | 25,003 |
| Current Liabilities | 5.8% | 6,345 | 5,999 | 5,932 | 6,454 | 5,892 |
| LT Debt, Current | 0.5% | 1,037 | 1,032 | 1,038 | 1,365 | 372 |
| LT Debt, Non Current | -0.8% | 9,583 | 9,658 | 10,054 | 8,256 | 9,078 |
| Shareholder's Equity | 4.0% | 15,555 | 14,954 | 24,047 | 24,042 | 13,980 |
| Retained Earnings | 15.1% | -3,907 | -4,604 | -5,008 | -5,848 | -7,375 |
| Additional Paid-In Capital | -0.6% | 25,322 | 25,483 | 25,661 | 25,835 | 25,875 |
| Shares Outstanding | -1.1% | 1,431 | 1,447 | 1,455 | - | - |
| Minority Interest | 1.0% | 9,316 | 9,227 | 9,158 | 9,176 | 9,039 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -19.1% | 5,139 | 6,350 | 7,557 | 8,331 | 7,715 |
| Share Based Compensation | 1.1% | 95.00 | 94.00 | 104 | 106 | 98.00 |
| Cashflow From Investing | -10.5% | -3,440 | -3,114 | -2,661 | -2,310 | -1,964 |
| Cashflow From Financing | 30.4% | -1,623 | -2,331 | -1,720 | -2,268 | -1,340 |
| Dividend Payments | 13.5% | 866 | 763 | 658 | 551 | 331 |
| Buy Backs | -26.6% | 1,347 | 1,835 | 1,673 | 1,029 | 488 |
Risks for FCX
What is the probability of a big loss on FCX?
93.8%
Probability that Freeport-McMoRan stock will be more than 20% underwater in next one year
68.1%
Probability that Freeport-McMoRan stock will be more than 30% underwater in next one year.
48.9%
Probability that Freeport-McMoRan stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FCX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Freeport-McMoRan was unfortunately bought at previous high price.
Drawdowns
Returns for FCX
Cumulative Returns on FCX
2.4%
10-Year Cumulative Returns
20.4%
7-Year Cumulative Returns
15.4%
5-Year Cumulative Returns
69.0%
3-Year Cumulative Returns
What are the long-term rolling returns for FCX?
FIve years rolling returns for Freeport-McMoRan.
Annualized Returns
Which funds bought or sold FCX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -16.03 | 280,874 | 1,961,870 | 0.06% |
2023-03-13 | Claro Advisors LLC | new | - | 216,951 | 216,951 | 0.07% |
2023-03-10 | MATHER GROUP, LLC. | added | 75.63 | 394,193 | 667,193 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 5.36 | 26,194,500 | 82,526,500 | 0.09% |
2023-03-06 | OLD MISSION CAPITAL LLC | new | - | 290,776 | 290,776 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 17.37 | 2,780,000 | 7,177,000 | 0.04% |
2023-03-03 | Crumly & Associates Inc. | reduced | -35.26 | -31,796 | 287,204 | 0.11% |
2023-03-03 | TIAA, FSB | added | 6.39 | 99,814 | 309,814 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | reduced | -61.87 | -292,699 | 330,301 | 0.19% |
2023-03-01 | Lakewood Asset Management LLC | new | - | 247,000 | 247,000 | 0.20% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
FCX Alerts
Freeport-McMoRan News
Schedule 13G FIlings of Freeport-McMoRan
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital research global investors | 5.6% | 80,587,216 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.20% | 117,165,294 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | 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 | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 7.81% | 114,741,622 | SC 13G/A | |
| Feb 08, 2022 | blackrock inc. | 7.5% | 109,683,594 | SC 13G | |
| Feb 16, 2021 | capital research global investors | 4.0% | 58,133,772 | SC 13G/A |
FCX Fair Value
Freeport-McMoRan fair value in different scenarios
The table shows the Fair Value estimates for Freeport-McMoRan for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 38.15 -0.60% | 52.60 37.05% | 81.62 112.66% | 121.33 216.13% | 148.45 286.79% |
| Current Inflation | 25.15 -34.47% | 31.96 -16.73% | 49.17 28.11% | 79.59 107.37% | 101.89 165.48% |
| Very High Inflation | 33.57 -12.53% | 43.03 12.12% | 62.98 64.10% | 90.59 136.03% | 108.67 183.14% |
Historical Freeport-McMoRan Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Freeport-McMoRan
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 10-K | Annual Report | |
| Feb 13, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for FCX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-11 | ADKERSON RICHARD C | gifted | - | - | -13,110 | chairman of the board & ceo |
2023-03-01 | Mikes Ellie L. | sold | -504,117 | 43.1681 | -11,678 | chief accounting officer |
2023-03-01 | Mikes Ellie L. | acquired | 117,781 | 14.7227 | 8,000 | chief accounting officer |
2023-02-15 | Currault Douglas N. II | acquired | - | - | 5,000 | senior vp & general counsel |
2023-02-15 | Currault Douglas N. II | back to issuer | -214,900 | 42.98 | -5,000 | senior vp & general counsel |
2023-02-15 | Robertson Maree E. | sold (taxes) | -312,722 | 42.98 | -7,276 | svp & cfo |
2023-02-15 | Mikes Ellie L. | sold (taxes) | 114,112 | 42.98 | 2,655 | chief accounting officer |
2023-02-15 | QUIRK KATHLEEN L | sold (taxes) | -1,072,440 | 42.98 | -24,952 | president |
2023-02-15 | Higgins Stephen T. | sold (taxes) | -222,894 | 42.98 | -5,186 | senior vp & cao |
2023-02-15 | Higgins Stephen T. | back to issuer | -214,900 | 42.98 | -5,000 | senior vp & cao |
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its 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. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. 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.
FCX Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenues | $ 22,780 | $ 22,845 | $ 14,198 |
| Cost of sales: | |||
| Production and delivery | 13,041 | 12,016 | 10,031 |
| Depreciation, depletion and amortization | 2,019 | 1,998 | 1,528 |
| Metals inventory adjustments | 29 | 16 | 96 |
| Total cost of sales | 15,089 | 14,030 | 11,655 |
| Selling, general and administrative expenses | 420 | 383 | 370 |
| Exploration Expense | 115 | 55 | 50 |
| Environmental obligations and shutdown costs | 121 | 91 | 159 |
| Net gain on sales of assets | (2) | (80) | (473) |
| Total costs and expenses | 15,743 | 14,479 | 11,761 |
| Operating income | 7,037 | 8,366 | 2,437 |
| Interest expense, net | (560) | (602) | (598) |
| Net gain (loss) on early extinguishment of debt | 31 | 0 | (101) |
| Other income (expense), net | 207 | (105) | 59 |
| Income from continuing operations before income taxes and equity in affiliated companies’ net earnings | 6,715 | 7,659 | 1,797 |
| Provision for (benefit from) income taxes | (2,267) | (2,299) | (944) |
| Equity in affiliated companies’ net earnings | 31 | 5 | 12 |
| Net income | 4,479 | 5,365 | 865 |
| Net income attributable to noncontrolling interests | (1,011) | (1,059) | (266) |
| Net income attributable to common stockholders | $ 3,468 | $ 4,306 | $ 599 |
| Net income per share attributable to common stockholders: | |||
| Income (Loss) from Continuing Operations, Per Basic Share | $ 2.40 | $ 2.93 | $ 0.41 |
| Income (Loss) from Continuing Operations, Per Diluted Share | $ 2.39 | $ 2.90 | $ 0.41 |
| Weighted-average common shares outstanding: | |||
| Weighted Average Number of Shares Outstanding, Basic | 1,441 | 1,466 | 1,453 |
| Weighted Average Number of Shares Outstanding, Diluted | 1,451 | 1,482 | 1,461 |
| Dividends declared per share of common stock (in dollars per share) | $ 0.60 | $ 0.375 | $ 0 |
FCX Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 8,146 | $ 8,068 |
| Trade accounts receivable | 1,336 | 1,168 |
| Income and other tax receivables | 459 | 574 |
| Inventories: | ||
| Total materials and supplies, net | 1,964 | 1,669 |
| Mill and leach stockpiles | 1,383 | 1,170 |
| Product | 1,833 | 1,658 |
| Other current assets | 492 | 523 |
| Total current assets | 15,613 | 14,830 |
| Property, plant, equipment and mine development costs, net | 32,627 | 30,345 |
| Long-term mill and leach stockpiles | 1,252 | 1,387 |
| Other assets | 1,601 | 1,460 |
| Total assets | 51,093 | 48,022 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 4,027 | 3,495 |
| Current portion of debt | 1,037 | 372 |
| Accrued income taxes | 744 | 1,541 |
| Current portion of environmental and asset retirement obligations | 320 | 264 |
| Dividends payable | 217 | 220 |
| Total current liabilities | 6,345 | 5,892 |
| Long-term debt, less current portion | 9,583 | 9,078 |
| Environmental and asset retirement obligations, less current portion | 4,463 | 4,116 |
| Deferred income taxes | 4,269 | 4,234 |
| Other liabilities | 1,562 | 1,683 |
| Total liabilities | 26,222 | 25,003 |
| Stockholders’ equity: | ||
| Common stock, par value $0.10, 1,613 shares and 1,603 shares issued, respectively | 161 | 160 |
| Capital in excess of par value | 25,322 | 25,875 |
| Accumulated deficit | (3,907) | (7,375) |
| Accumulated other comprehensive loss | (320) | (388) |
| Common stock held in treasury - 183 shares and 146 shares, respectively, at cost | (5,701) | (4,292) |
| Total stockholders’ equity | 15,555 | 13,980 |
| Noncontrolling interests | 9,316 | 9,039 |
| Total equity | 24,871 | 23,019 |
| Total liabilities and equity | $ 51,093 | $ 48,022 |