Stock FCX FREEPORT-MCMORAN INC.
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Company Freeport-McMoRan Inc.

Equities

FCX

US35671D8570

Specialty Mining & Metals

Real-time Estimate Cboe BZX
Other stock markets
 02:50:26 2024-04-19 pm EDT 		5-day change 1st Jan Change
49.68 USD -0.97% Intraday chart for Freeport-McMoRan Inc. +0.69% +17.01%
Apr. 18 Bernstein Adjusts Freeport-McMoRan's Price Target to $52.50 From $52, Keeps Outperform Rating MT
Apr. 17 The market is pinning its hopes on earnings reports Our Logo

Business Summary

Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:

- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);

- gold (14.5%): 1,713,000 ounces sold;

- molybdenum (8.4%): 1.3 billion ounces sold;

- other (2.5%).

Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).

Number of employees: 27,200

Sales per Business

USD in Million2022Weight2023Weight Delta
Indonesia Mining
34.2 %
8,028 35.2 % 7,816 34.2 % -2.64%
Rod and Refining
25.8 %
6,281 27.6 % 5,886 25.8 % -6.29%
South America Mining - Cerro Verde
14.6 %
3,444 15.1 % 3,330 14.6 % -3.31%
Atlantic Copper Smelting and Refining
12.2 %
2,439 10.7 % 2,791 12.2 % +14.43%
Corporate, Other and Eliminations
8.6 %
1,392 6.1 % 1,965 8.6 % +41.16%
South America Mining - Other
3.6 %
768 3.4 % 824 3.6 % +7.29%
North America Copper Mines - Other
0.7 %
253 1.1 % 152 0.7 % -39.92%
North America Copper Mines - Morenci
0.4 %
175 0.8 % 91 0.4 % -48.00%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
31.8 %
7,339 32.2 % 7,264 31.8 % -1.02%
Switzerland
17.4 %
2,740 12.0 % 3,971 17.4 % +44.93%
Japan
15.0 %
2,462 10.8 % 3,431 15.0 % +39.36%
Other
5.9 %
1,367 6.0 % 1,353 5.9 % -1.02%
Spain
5.5 %
1,174 5.2 % 1,251 5.5 % +6.56%
Singapore
5.2 %
1,492 6.5 % 1,178 5.2 % -21.05%
China
4.7 %
929 4.1 % 1,081 4.7 % +16.36%
Indonesia
3.4 %
3,026 13.3 % 767 3.4 % -74.65%
Germany
3.1 %
632 2.8 % 714 3.1 % +12.97%
Chile
1.9 %
383 1.7 % 428 1.9 % +11.75%
Philippines
1.7 %
249 1.1 % 396 1.7 % +59.04%
India
1.5 %
330 1.4 % 354 1.5 % +7.27%
South Korea
1.2 %
302 1.3 % 267 1.2 % -11.59%
Egypt
1.0 %
-- 229 1.0 % -
United Kingdom
0.7 %
355 1.6 % 171 0.7 % -51.83%

Managers

Managers TitleAgeSince
Richard Adkerson CEO
 Chief Executive Officer 77 88-12-31
Maree Robertson DFI
 Director of Finance/CFO 49 22-02-28
Kathleen Quirk PSD
 President 60 88-12-31
Bertrand Odinet CTO
 Chief Tech/Sci/R&D Officer - 95-02-28
Stephen Higgins ADM
 Chief Administrative Officer 66 18-07-31
David P. Joint IRC
 Investor Relations Contact - -
Ellie Mikes AUD
 Comptroller/Controller/Auditor 46 22-06-29
Monique A. Cenac SEC
 Corporate Secretary - -
William E. Cobb PRN
 Corporate Officer/Principal - -
Peter Denetclaw PRN
 Corporate Officer/Principal 65 -

Members of the board

Members of the board TitleAgeSince
Kathleen Quirk PSD
 President 60 88-12-31
David Abney BRD
 Director/Board Member 68 21-04-04
Lydia Kennard BRD
 Director/Board Member 69 13-12-18
Richard Adkerson CEO
 Chief Executive Officer 77 88-12-31
Dustan McCoy BRD
 Director/Board Member 74 06-12-31
John Stephens BRD
 Director/Board Member 64 19-10-17
Ryan Lance BRD
 Director/Board Member 61 21-10-31
Sara Lewis BRD
 Director/Board Member 56 21-08-01
Frances Townsend BRD
 Director/Board Member 62 13-12-18
Marcela Donadio BRD
 Director/Board Member 69 21-08-01

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,618,409,010 1,425,737,306 ( 88.09 %) 184,000,000 ( 11.37 %) 88.09 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.330 %
119,487,609 8.330 % 5 618 M $
Fidelity Management & Research Co. LLC
5.583 %
80,082,316 5.583 % 3 765 M $
BlackRock Advisors LLC
5.280 %
75,730,148 5.280 % 3 561 M $
STATE STREET CORPORATION
4.385 %
62,903,247 4.385 % 2 958 M $
Capital Research & Management Co. (Global Investors)
4.166 %
59,752,726 4.166 % 2 810 M $
Fisher Asset Management LLC
3.880 %
55,656,836 3.880 % 2 617 M $
T. Rowe Price International Ltd.
2.404 %
34,490,074 2.404 % 1 622 M $
BlackRock Life Ltd.
2.252 %
32,297,408 2.252 % 1 519 M $
Geode Capital Management LLC
1.877 %
26,923,943 1.877 % 1 266 M $
JPMorgan Investment Management, Inc.
1.505 %
21,582,230 1.505 % 1 015 M $
NameEquities%Valuation
Lumyna Investments Ltd.
-
0 - - $
36ONE Asset Management Pty Ltd.
-
0 - - $
NameEquities%Valuation
Caixa DTVM SA
0.001469 %
63,229 0.001469 % 977 700 $
abrdn Alternative Investments Ltd.
0.001015 %
43,668 0.001015 % 675 231 $

Holdings

NameEquities%Valuation
SOCIEDAD MINERA CERRO VERDE S.A.A.
53.56%
 187,500,306 53.56% 7,368,762,026 $

Company contact information

Freeport-McMoRan, Inc.

333 North Central Avenue

85004-2189, Phoenix

+602 366 8100

http://www.fcx.com
address Freeport-McMoRan Inc.(FCX)

Group companies

NameCategory and Sector
PT Freeport Indonesia
Logo PT Freeport Indonesia

PT Freeport Indonesia

Other Metals/MineralsNon-Energy Minerals

PT Freeport Indonesia engages in the mining, processing, and exploration of ores containing copper, gold, and silver. Its mining operation includes drilling, blasting, loading, hauling, and crushing to produce copper ore. The processing operation includes grinding, flotation, and dewatering to produce copper concentrate. The company was founded in 1967 and is headquartered in Jakarta, Indonesia.

Other Metals/Minerals
SOCIEDAD MINERA CERRO VERDE S.A.A.
Other Metals/Minerals
Atlantic Copper SLU
Logo Atlantic Copper SLU

Atlantic Copper SLU

Other Metals/MineralsNon-Energy Minerals

Atlantic Copper SA smelts and refines copper. It also produces anodes, cathodes, wire rods, wires and cables. It has operations in Cordoba (continuous casting/wire drawing), Huelva (metallurgical complex) and Barcelona (wire plant). It purchases much of its copper from fellow Freeport-McMoran subsidiary PT Freeport Indonesia. The company has customers such as Draka, General Cable/BICC, IBMei, Nexans, Pirelli and Tyco. Atlantic Copper was founded in 1873 and is headquartered in Madrid, Spain.

Other Metals/Minerals
Freeport Minerals Corp.
Logo Freeport Minerals Corp.

Freeport Minerals Corp.

Other Metals/MineralsNon-Energy Minerals

Part of Freeport-McMoRan, Inc., Freeport Minerals Corp. is a private company that extracts and processes copper. The company is based in Phoenix, AZ. Richard C. Adkerson has been the CEO of the company since 2013.

Other Metals/Minerals
Freeport-Mcmoran Copper & Gold Energy Services LLC
Minera Freeport-McMoran South America Ltda.

Sector

Basic Materials
Mineral Resources
Metals & Mining
Specialty Mining & Metals
Other Specialty Mining & Metals

Sales per Business

Sales per region

Ratings for Freeport-McMoRan Inc.

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
50.16 USD
Average target price
50.36 USD
Spread / Average Target
+0.39%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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