Freeport-McMoRan moved -3.7% this afternoon session, trading between a high of $35.12 and a low of $33.72 per share. Yesterday the stock finished at $35.23 per share, compared to an average analyst target price of $47.47.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The large-cap metal mining company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.7%. Freeport-McMoRan has trailing twelve months earnings per share (EPS) of 1.47, which at today's prices amounts to a price to earnings (P/E) ratio of 23.1.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -1.43. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Freeport-McMoRan's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-15 | 22,780,000 | -15,595,000 | 31 | -16.22 |
| 2022-02-15 | 22,845,000 | -14,452,000 | 37 | 146.67 |
| 2021-02-16 | 14,198,000 | -11,979,000 | 15 | 200.0 |
| 2020-02-14 | 14,402,000 | -498,000 | 5 | -80.0 |
| 2019-02-15 | 18,628,000 | -527,000 | 25 | 8.7 |
| 2018-02-20 | 16,403,000 | -570,000 | 23 |
Over the last 6 years, Freeport-McMoRan's operating margins have averaged 22.7%, which is similar to the 22.89% Industrial Metals & Mining industry average. We also note that the company's operating margins have a high coefficient of variability at 50.4%. On the other hand, we note that the firm's margins are growing at a 5.3% compounded average yearly rate.
