Capital Investment Advisors LLC Increases Holdings in Freeport-McMoRan by 20.3%
June 23, 2023
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FREEPORT-MCMORAN ($NYSE:FCX): Capital Investment Advisors LLC recently increased its stake in Freeport-McMoRan Inc. by 20.3%, according to its most recent filing with the Securities and Exchange Commission. Freeport-McMoRan Inc. is a leading international natural resource company with headquarters in Phoenix, Arizona. The company is involved in exploration, mining, and production of copper, gold, and molybdenum. It is also the world’s largest publicly traded copper producer, with operations and projects in the United States, Peru, Chile, Indonesia, and Mexico. Freeport-McMoRan Inc. also has a portfolio of oil assets located in the deepwater Gulf of Mexico and onshore Texas and New Mexico.
Additionally, the company engages in the smelting, refining, and marketing activities of copper and related metals.
Analysis
At GoodWhale, we make it easy to analyze FREEPORT-MCMORAN INC‘s fundamentals. Our Risk Rating puts this company at a medium risk investment, taking into account both financial and business aspects. We have also detected two risk warnings in their income statement and balance sheet. If you want to dig deeper, sign up with GoodWhale now and check out the details of FREEPORT-MCMORAN INC’s financials. With our help, you’ll be able to make an informed decision about investing in this company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Freeport-mcmoran Inc. More…
| Total Revenues | Net Income | Net Margin |
| 21.57k | 2.61k | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freeport-mcmoran Inc. More…
| Operations | Investing | Financing |
| 4.5k | -3.89k | -2.09k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Freeport-mcmoran Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 50.91k | 25.26k | 10.46 |
Key Ratios Snapshot
Some of the financial key ratios for Freeport-mcmoran Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.2% | 118.5% | 28.4% |
| FCF Margin | ROE | ROA |
| 2.9% | 24.2% | 7.5% |
Peers
Freeport-McMoRan Inc is one of the world’s leading producers of copper, gold, and molybdenum. The company has a strong competitive position in its industry, with a diversified portfolio of assets and operations in the Americas, including the United States, Chile, Peru, and Indonesia. Freeport-McMoRan’s competitors include First Quantum Minerals Ltd, MMG Ltd, and Southern Copper Corp.
– First Quantum Minerals Ltd ($TSX:FM)
First Quantum Minerals Ltd is a Canadian mining company with a focus on copper production. The company has a market cap of 16.58B as of 2022 and a return on equity of 17.53%. First Quantum Minerals is one of the world’s leading copper producers, with operations in Africa, Australia, and South America. The company has a strong commitment to sustainable development and aims to create long-term value for shareholders, employees, and the communities in which it operates.
– MMG Ltd ($SEHK:01208)
MMG Ltd is a mining company that operates in Australia, China, and Myanmar. The company has a market capitalization of 16.42 billion as of 2022 and a return on equity of 33.53%. MMG Ltd is engaged in the exploration, development, mining, and sale of zinc, copper, lead, silver, and gold deposits. The company’s operations are primarily located in Australia, China, and Myanmar.
– Southern Copper Corp ($NYSE:SCCO)
Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%. Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%. Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%.
Summary
Freeport-McMoRan Inc. has received a significant investment from Capital Investment Advisors LLC in the first quarter of the year. The investment saw a 20.3% increase in shares, indicating strong confidence in the company’s long-term viability. This is a positive sign that could have a positive impact on the future of the company.
Investors should consider Freeport-McMoRan Inc. as a viable option for their portfolios given the potential returns it offers. The current market conditions make it a particularly attractive investment opportunity, and investors may benefit from further analysis.
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