Shares of Large-cap basic materials company Freeport-McMoRan moved -1.1 this evening, and are now trading at $42.54 per share. On the other hand, the average analyst target price for the stock is $40.6.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
Potential Freeport-McMoRan Investors Should Analyze the Following:
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Freeport-McMoRan has moved 13.2% over the last year.
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The company has a price to earnings growth (PEG) ratio of -1.97. A number between 0 and 1 could mean that the market is undervaluing Freeport-McMoRan's estimated growth potential
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Its Price to Book (P/B) ratio is 3.71
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Freeport-McMoRan currently returns an annual dividend yield of 1.4%.
Understanding Freeport-McMoRan's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 22,708,000 | 16,675,000 | 27 | -12.9 |
| 2022 | 22,780,000 | 15,743,000 | 31 | -16.22 |
| 2021 | 22,845,000 | 14,479,000 | 37 | 117.65 |
| 2020 | 14,198,000 | 11,761,000 | 17 | 112.5 |
| 2019 | 14,402,000 | 13,311,000 | 8 | -69.23 |
| 2018 | 18,628,000 | 13,874,000 | 26 |
Over the last 4 years, Freeport-McMoRan's operating margins have averaged 24.3%, 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 345.34%. The firm's margins exhibit a relatively stable growth trend of 0.4%.
