Shares of Basic Materials sector company Freeport-McMoRan moved -1.9% today, and are now trading at a price of $39.48. The Large-Cap stock's daily volume was 2,462,701 compared to its average volume of 14,496,037. The S&P 500 index returned a -2.0% performance.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company is based in Phoenix and has 28,500 full time employees. Its market capitalization is $55,279,001,600. Freeport-McMoRan currently offers its equity investors a dividend that yields 1.5% per year.
19 analysts are following Freeport-McMoRan and have set target prices ranging from $27.0 to $57.0 per share. On average, they have given the company a rating of buy. At today's prices, FCX is trading -22.27% away from its average analyst target price of $50.79 per share.
Over the last year, FCX shares have gone down by -4.1%, which represents a difference of -22.7% when compared to the S&P 500. The stock's 52 week high is $52.61 per share and its 52 week low is $27.66. With average free cash flows of $1.66 Billion that have been growing at an average rate of 111.4% over the last 5 years, Freeport-McMoRan declining stock performance may not be reflective of the quality of its underlying business.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 7,160,000 | 4,808,000 | 2,352,000 | 416.92 |
| 2023 | 5,279,000 | 4,824,000 | 455,000 | -72.75 |
| 2022 | 5,139,000 | 3,469,000 | 1,670,000 | -70.18 |
| 2021 | 7,715,000 | 2,115,000 | 5,600,000 | 430.3 |
| 2020 | 3,017,000 | 1,961,000 | 1,056,000 | 190.26 |
| 2019 | 1,482,000 | 2,652,000 | -1,170,000 |
