FKnol.com

Financial Knowledge & Information Portal

Freeport-McMoRan (FCX) Company Profile

Updated Jul 3, 2019
Freeport-McMoRan has the following business profile:
Company's Full Name:Freeport-McMoRan Inc.
Short Name:Freeport-McMoRan
Trading Ticker Symbol:FCX
Primary Exchange:NYSE
Headquarter City/Country:Phoenix, Arizona
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Precious Metals
Main Business Areas: Silver, Basic Industries, Precious Metals, Basic Materials, Copper, Natural Resources
Dividend Payments:Dividend History

Market and Trading Information for Freeport-McMoRan

The following details were available for trading and market data about the stock of Freeport-McMoRan as of writing:
Current Share Price:$11.31
Previous Year's Closing Price:$10.31
Percentage Price Change (YTD):9.7%
Market Cap:$16.41 billion
52-week Price Range:$9.47 - $18.14
Dividend Per Share:$0.2
EPS (TTM):1.33
Price-Earnings (Trailing):8.52
Price-Earnings (Forward):13

Company Profile and Business Description for Freeport-McMoRan

Freeport-McMoRan Inc. (FCX), incorporated on November 10, 1987, is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

North America Copper Mines

As of December 31, 2016, the Company had seven operating copper mines in North America, including Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Tyrone and Chino in New Mexico. The North America copper mines include open-pit mining, sulfide ore concentrating, leaching and solution extraction/electrowinning (SX/EW) operations. The copper produced at the North America copper mines is cast into copper rods by its Rod & Refining operations. In addition to copper, the Company's North America copper mines also produce molybdenum concentrates and silver. The Morenci open-pit mine, located in southeastern Arizona, produces copper cathodes and copper concentrate. In addition to copper, the Morenci mine also produces molybdenum concentrate.

South America Mining

The South America mining includes two operating copper mines, which include Cerro Verde in Peru and El Abra in Chile. These operations include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. The Cerro Verde open-pit copper mine, located near Arequipa, Peru, produces copper cathode and copper concentrate. In addition to copper, the Cerro Verde mine also produces molybdenum concentrate and silver.

Indonesia Mining

Indonesia mining includes PT Freeport Indonesia's Grasberg minerals district. The Company produces copper concentrates, which contain quantities of gold and silver.

Molybdenum Mines

Molybdenum mines include the Henderson underground mine and Climax open-pit mine in Colorado. The Henderson and Climax mines produce chemical-grade molybdenum concentrates, which are processed into molybdenum chemical products.

Rod & Refining

The Rod & Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills and a copper products facility. These operations process copper produced at its North America copper mines and purchased copper into copper cathode, rod and custom copper shapes. These operations also refine copper and produce copper rod and shapes for customers on a toll basis.

United States Oil and Gas Operations

As of December 31, 2016, its U.S. Oil & Gas operations include oil and natural gas production onshore in South Louisiana and on the Gulf of Mexico (GOM) shelf, oil production offshore California and natural gas production from the Madden area in central Wyoming. The Company's U.S. Oil & Gas Operations include oil and natural gas assets in the Deepwater GOM, onshore and offshore California, the Haynesville shale in Louisiana, the Madden area in central Wyoming and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louisiana. The Company's Atlantic Copper smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. The Company has a smelter at its Miami, Arizona, mining operation; a cobalt chemical refinery in Kokkola, Finland; molybdenum conversion facilities in the United States and Europe; non-operating copper mines in North America (Ajo, Bisbee and Tohono in Arizona and Cobre in New Mexico), and other mining support entities.

333 N Central Ave

Peer / Competitor Companies of Precious Metals Sector

Along with Freeport-McMoRan Inc., the following other peer (competitor) companies also exist within the same Precious Metals - Basic Industries sector whose company profile and dividend history is as follows:

▶ Agnico Eagle Mines (AEM): Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities ....See Detailed Company Profile  and Dividend History.

▶ Alamos Gold (AGI): Alamos Gold Inc. is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Companys segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. ....See Detailed Company Profile  and Dividend History.

▶ Alexco Resource (AXU): Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It prima....See Detailed Company Profile  and Dividend History.

▶ Almaden Minerals (AAU): Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silve....See Detailed Company Profile  and Dividend History.

▶ AngloGold Ashanti (AU): AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South....See Detailed Company Profile  and Dividend History.

▶ Avino Silver (ASM): Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties.....See Detailed Company Profile  and Dividend History.

▶ B2Gold (BTG): Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua.....See Detailed Company Profile  and Dividend History.

▶ BANRO (BAA): 1 First Canadian Place Suite 707....See Detailed Company Profile  and Dividend History.

▶ Barrick Gold (GOLD): Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine locate....See Detailed Company Profile  and Dividend History.

▶ Barrick Gold (ABX): Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well ....See Detailed Company Profile  and Dividend History.

▶ BHP Billiton (BHP): BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, s....See Detailed Company Profile  and Dividend History.

▶ Buenaventura Mining (BVN): Compania de Minas Buenaventura S.A.A. (Buenaventura), incorporated on September 7, 1959, is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and ....See Detailed Company Profile  and Dividend History.

▶ Cameco (CCJ): Cameco Corporation (Cameco), incorporated on January 1, 1997, is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading ....See Detailed Company Profile  and Dividend History.

▶ China Natural Resources (CHNR): China Natural Resources, Inc., through its subsidiaries, engages in the exploration of metal properties in the People's Republic of China. The company primarily explores for lead, silver, copper, and ....See Detailed Company Profile  and Dividend History.

▶ Cliffs Natural Resources (CLF): Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. The company operates four iron ore mines, including the Tilden mine in Michigan; and the....See Detailed Company Profile  and Dividend History.

▶ Coeur Mining (CDE): Coeur Mining, Inc. explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and....See Detailed Company Profile  and Dividend History.

▶ Comstock Mining (LODE): Comstock Mining Inc. engages in the exploration, development, and production of gold and silver in Nevada. The company operates through Mining and Real Estate segments. The Mining segment owns and con....See Detailed Company Profile  and Dividend History.

▶ Denison Mine (DNN): Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a ....See Detailed Company Profile  and Dividend History.

▶ Dominion Diamond (DDC): 1102-4920 52 St....See Detailed Company Profile  and Dividend History.

▶ DRDGOLD (DRD): DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It re....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Precious Metals Sector.

Stock List of Other Basic Industries Sub-sectors

▶ Stocks of Agricultural Chemicals Sector

▶ Stocks of Aluminum Sector

▶ Stocks of Building Contractors - Nonresidential Sector

▶ Stocks of Containers and Packaging Sector

▶ Stocks of Electric Utilities Sector

▶ Stocks of Engineering and Construction Sector

▶ Stocks of Environmental Services Sector

▶ Stocks of Forest Products Sector

▶ Stocks of Home Furnishings Sector

▶ Stocks of Homebuilding Sector

▶ Stocks of Major Chemicals Sector

▶ Stocks of Metal Fabrications Sector

▶ Stocks of Military Government and Technical Sector

▶ Stocks of Mining Quarrying Minerals Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Other Specialty Stores Sector

▶ Stocks of Package Goods and Cosmetics Sector

▶ Stocks of Paints and Coatings Sector

▶ Stocks of Paper Sector

▶ Stocks of Precious Metals Sector

▶ Stocks of Specialty Chemicals Sector

▶ Stocks of Steel and Iron Sector

▶ Stocks of Telecommunications Equipment Sector

▶ Stocks of Textiles Sector

▶ Stocks of Trading and Mining Sector

▶ Stocks of Water Supply Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector