Freeport-McMoRan Investors Should Focus on This

Join us for a quick overview of Freeport-McMoRan, a Industrial Metals & Mining company whose shares moved -1.1% today. Here are some facts about the stock that should help you see the bigger picture:

  • Freeport-McMoRan has moved 23.0% over the last year, and the S&P 500 logged a change of 11.0%

  • FCX has an average analyst rating of buy and is -7.77% away from its mean target price of $42.62 per share

  • Its trailing earnings per share (EPS) is $1.47

  • Freeport-McMoRan has a trailing 12 month Price to Earnings (P/E) ratio of 26.7 while the S&P 500 average is 15.97

  • Its forward earnings per share (EPS) is $1.97 and its forward P/E ratio is 20.0

  • The company has a Price to Book (P/B) ratio of 3.48 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 10.03 and an average P/B of 2.08

  • FCX has reported YOY quarterly earnings growth of -59.6% and gross profit margins of 0.4%

  • The company has a free cash flow of $404.62 Million, 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. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's 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. It also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. 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.

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.