Last $19.56 USD
Change Today +0.32 / 1.66%
Volume 16.3M
FCX On Other Exchanges
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As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

freeport-mcmoran inc (FCX) Snapshot

Open
$19.15
Previous Close
$19.24
Day High
$19.61
Day Low
$18.96
52 Week High
07/10/14 - $39.32
52 Week Low
01/14/15 - $17.85
Market Cap
20.3B
Average Volume 10 Days
25.3M
EPS TTM
$2.77
Shares Outstanding
1.0B
EX-Date
01/13/15
P/E TM
7.1x
Dividend
$1.25
Dividend Yield
6.38%
Current Stock Chart for FREEPORT-MCMORAN INC (FCX)

freeport-mcmoran inc (FCX) Details

Freeport-McMoRan Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. It operates in North America Copper Mines, South America Mining, Indonesia Mining, Africa Mining, and Molybdenum Mines, United States (U.S.) Oil and Gas Operations, Rod & Refining, and Atlantic Copper Smelting & Refining segments. The company holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde, El Abra, Candelaria, and Ojos del Salado in South America; and Tenke Fungurume minerals district in Africa. As of December 31, 2013, its consolidated recoverable proven and probable mineral reserves included 111.2 billion pounds of copper, 31.3 million ounces of gold, 3.26 billion pounds of molybdenum, 308.5 million ounces of silver, and 0.87 billion pounds of cobalt. 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 founded in 1987 and is headquartered in Phoenix, Arizona.

36,100 Employees
Last Reported Date: 02/27/14
Founded in 1987

freeport-mcmoran inc (FCX) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $2.5M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Vice Chairman, Chief Executive Officer of Fre...
Total Annual Compensation: $1.5M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

freeport-mcmoran inc (FCX) Key Developments

Freeport-McMoran to Invest $17 Billion in Indonesian Copper Smelter and Mines

Freeport-McMoran reported it will spend $2 billion to build a copper smelter in East Java Indonesia and another $15 billion to develop its copper and gold mines at its Grasberg mine in Papua. The investment is to comply with the Indonesian government's new Mining Law, which bans the export of raw materials and imposes export duties for some processed metals.

Boston Retirement System and Labaton Sucharow Secure One of the Large Settlements in Court of Chancery History from Freeport-McMoRan Copper & Gold, Inc

The Boston Retirement System and Labaton Sucharow LLP announced the settlement of the derivative action brought against the board of directors of Freeport-McMoRan Copper & Gold Inc. (Freeport). The $137.5 million settlement, subject to court approval, is one of the large derivative settlements in the Delaware Court of Chancery history. The settlement terms also contain an unprecedented provision, allowing direct payments to stockholders by means of a special dividend. The settlement consists of $137.5 million in cash and certain corporate governance reforms to be implemented and maintained by Freeport for at least three years. Boston Retirement System brought the case, along with co-lead plaintiffs Dauphin County Employee Retirement Fund; Amalgamated Bank as Trustee for the LongView LargeCap 500 Index Fund, LongView LargeCap 500 Index VEBA Fund, LongView Quantitative LargeCap Fund, and LongView Quantitative LargeCap VEBA Fund; and City of Roseville Employees' Retirement System. Chimicles & Tikellis LLP, Bernstein Liebhard LLP, Grant & Eisenhofer PA, and Bernstein Litowitz Berger & Grossmann LLP also serve as co-lead counsel.

Freeport-McMoRan Agrees to Pay $137.5 Million to End Lawsuits

Freeport-McMoRan agreed to pay $137.5 million to settle lawsuits surrounding its 2013 acquisition of two companies at a price tag of $9 billion. A series of lawsuits alleged that the mining company overpaid for McMoran Exploration and Plains Exploration & Production, and that the management of Plains Exploration didn't get the best possible price on the sale and didn't disclose enough information to shareholders. A lawsuit intended to block the merger was denied. The agreement on January 15, 2015 was disclosed in a filing with the Court of Chancery of the State of Delaware, and the court still needs to approve the settlement.

 

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Industry Analysis

FCX

Industry Average

Valuation FCX Industry Range
Price/Earnings 8.9x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 3.2x
TEV/Sales NM Not Meaningful
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