Company Overview
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Company Information
- CEO
- Kathleen Lynne Quirk
- Sector
- Basic Materials
- Industry
- Copper
- Employees
- 28500
Contact Information
- Website
- https://fcx.com
- Address
- 333 North Central Avenue
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Basic Materials leader with 62.14B market capitalization
- Trading Volume: 10.82M shares traded today
- Price Range: 52-week range of $27.66 - $52.61
- Exchange: Listed on New York Stock Exchange
Financial Metrics
Market Analysis for Freeport-McMoRan Inc.
Freeport-McMoRan Inc. (FCX) operates in the Copper industry within the Basic Materials sector. With a current market capitalization of 62.14B, the company represents a significant player in its market. The stock is currently trading at $43.28 with a positivedaily change of 3.75%.
The company's 28500 employee base and presence on the New York Stock Exchangeexchange position it as a Basic Materials sector leader. Investors should consider the stock's P/E ratio of 32.79, beta of 1.63, and 52-week price range from $27.66 to $52.61when evaluating investment opportunities.
Why Invest in Freeport-McMoRan Inc.?
Strengths
- • Established market presence in Basic Materials
- • Strong financial metrics and market position
- • Listed on major exchange (New York Stock Exchange)
- • Experienced leadership under Kathleen Lynne Quirk
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Basic Materials Sector
The Basic Materials sector includes companies that extract, process, and manufacture raw materials and chemicals used in various industries.