Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
| Revenue (TTM) | $25.87B |
| Gross Profit (TTM) | $9.90B |
| EBITDA | $9.55B |
| Operating Margin | 33.40% |
| Return on Equity | 14.80% |
| Return on Assets | 7.59% |
| Revenue/Share (TTM) | $18.00 |
| Book Value | $14.00 |
| Price-to-Book | 5.18 |
| Price-to-Sales (TTM) | 4.04 |
| EV/Revenue | 4.271 |
| EV/EBITDA | 11.97 |
| Quarterly Earnings Growth (YoY) | 28.10% |
| Quarterly Revenue Growth (YoY) | -7.30% |
| Shares Outstanding | $1.44B |
| Float | $1.43B |
| % Insiders | 0.72% |
| % Institutions | 89.35% |
Volatility is currently contracting
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Copper spent two years as the least interesting story in the commodity complex. Gold took the headlines.
Copper's explosive rally has sent FCX shares surging nearly halfway toward a triple-digit price tag, but the path to $100 runs through a precise set of conditions that have nothing to do with Freeport-McMoRan's own execution.
On the August 31 Mad Money “Off the Charts” segment with Bob Lang, Jim Cramer laid out a copper roadmap.
Freeport-McMoRan (FCX) closed the most recent trading day at $72.56, moving 1.85% from the previous trading session.
Freeport-McMoRan offers direct copper exposure, with operational recovery at Grasberg and significant leverage to rising copper prices. FCX trades at 5.5x forward EBITDA versus a historical average of 8.25x, with free cash flow yield projected to rise from 1.78% to nearly 8%. Operational improvements, especially in Indonesia, and by-product credits drive forward cash flow, but license renewal and copper price risks remain material.
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Freeport and BHP Group capitalize on favorable copper prices, both pushing ahead with growth projects leveraging strong financial health.
Diversified mining groups are shifting their capital allocation strategies toward copper expansion to secure higher market valuations, according to a research report from investment bank UBS. Analyst Daniel Major noted that major miners navigated their first-half financial results without severe guidance downgrades despite persistent cost inflation.
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