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. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Future-Proofing FCX | Uncover FCX's long-term growth prospects, including potential Grasberg mine extension and the El Abra project, poised to capitalize on the global shift to green energy. |
Financial Fortitude | Delve into FCX's robust financial outlook, with analysts projecting free cash flow of $4.8 billion in 2025 and price targets ranging from $57 to $62 per share. |
Indonesian Milestones | Explore FCX's strategic moves in Indonesia, including the commissioning of a new smelter and securing crucial export licenses, despite recent operational hurdles. |
Copper Giant's Stride | Freeport-McMoRan navigates global mining challenges, leveraging its position as a leading copper producer amid rising demand for electrification and renewable energy. |
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 | 35.1x | 8.0x | −0.1x | |
PEG Ratio | −4.64 | 0.13 | 0.00 | |
Price / Book | 4.0x | 1.5x | 1.6x | |
Price / LTM Sales | 2.7x | 2.0x | 1.3x | |
Upside (Analyst Target) | 19.2% | 27.7% | 26.1% | |
Fair Value Upside | Unlock | 7.0% | 0.9% | Unlock |