Freeport-McMoRan/$FCX

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About Freeport-McMoRan

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Ticker

$FCX
Sector

Primary listing

NYSE

Industry

Metals & Mining

Employees

28,500

ISIN

US35671D8570
Website

Freeport-McMoRan Metrics

BasicAdvanced
$59B
33.75
$1.22
1.65
$0.60
0.73%

What the Analysts think about Freeport-McMoRan

Analyst ratings (Buy, Hold, Sell) for Freeport-McMoRan stock.

Bulls say / Bears say

Freeport-McMoRan is significantly increasing its copper output across three continents, planning to produce 800 million pounds of copper annually by 2027 through innovative leaching techniques, positioning itself to meet rising demand driven by the clean energy transition. (reuters.com)
The company exceeded profit expectations in Q4 2024 due to increased copper prices, with the average realized price for copper rising to $4.15 per pound, driven by higher stimulus in China and strong U.S. job growth. (reuters.com)
Freeport-McMoRan's exploration activities near existing mines, focused on expanding reserves, are expected to drive growth, with projects like the large-scale concentrator expansion at Cerro Verde projected to add significant annual copper and molybdenum production. (finance.yahoo.com)
The company reported a decline in first-quarter profit for 2025, attributing the drop to decreased copper production and increased costs related to U.S. tariffs, which could raise purchasing costs in the U.S. by about 5%. (reuters.com)
CEO Kathleen Quirk expressed concerns about the potential negative impact of recently imposed U.S. tariffs on the global economy, warning of possible recession and inflation, which could reduce investment and demand for copper. (reuters.com)
Freeport-McMoRan lowered its first-quarter gold sales forecast due to shipment delays in Indonesia, where it operates the Grasberg mine, reducing the estimate to 125,000 ounces from the previous 225,000 ounces. (reuters.com)
Data summarised monthly by Lightyear AI. Last updated on 27 May 2025.

Freeport-McMoRan Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Freeport-McMoRan Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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