Here's a Quick Look Into the Fundamentals of Freeport-McMoRan Stock

By Blake Campbell • Tuesday, November 08 12:00 • Permanent Link

Shares of Copper company Freeport-McMoRan jumped 2.7% today. With many investors piling into FCX without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

Freeport-McMoRan has moved -12.1% over the last year, and the S&P 500 logged a change of -18.7%
FCX has an average analyst rating of buy and is -2.75% away from its mean target price of $36.38 per share
Its trailing earnings per share (Eps) is $2.58
Freeport-McMoRan has a trailing 12 month Price to Earnings (P/E) ratio of 13.7 while the S&P 500 average is 15.97
Its forward earnings per share (Eps) is $1.66 and its forward P/E ratio is 21.3
The company has a Price to Book (P/B) ratio of 3.4 in contrast to the S&P 500's average ratio of 2.95
Freeport-McMoRan is part of the Basic Materials sector, which has an average P/E ratio of 8.57 and an average P/B of 1.86
FCX has reported YOY quarterly earnings growth of -70.3% and gross profit margins of 44.8%
The company has a free cash flow of $3,338,374,912.00, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.