Freeport-mcmoran Inc Stock Fair Value Calculation – Freeport-McMoRan Outshines Competitors on Bullish Market Day
December 23, 2023
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FREEPORT-MCMORAN ($NYSE:FCX): On a very bullish market day, Freeport-McMoRan Inc. (FCX) stock has outshone its competitors with a strong performance on the stock exchange. The company is a leading global mining company that produces copper, gold, and molybdenum. The company has a diversified portfolio of mining assets, including operations in the Americas, Indonesia, and Africa. FCX’s competitive advantage lies in its access to high-grade ore bodies and low-cost operations. The company also has a strong balance sheet and a history of returning profits to shareholders. The company has consistently delivered strong financial results over the past several quarters.
In addition, FCX has continued to make strategic investments in copper and gold assets, as well as expanding its production capacity. The company’s stock has been trending upwards due to its strong financial performance and outlook for the future. On the bullish market day, Freeport-McMoRan’s stock gained nearly 3%, outperforming the market and its competitors. Overall, Freeport-McMoRan Inc. has been a leader in providing reliable resources and delivering strong financial performance. On an especially bullish market day, the company’s stock outshone its competitors further demonstrating the security of its investments and confidence investors have in its future prospects.
Price History
On Thursday, FREEPORT-MCMORAN INC stock had a bullish day on the market, opening at $42.0 and closing the day with a rise of 2.2%, closing at $42.2, up from the previous closing price of $41.3. The company outshined its competitors as it was the only one that experienced growth on the market day. This surge in its stock price is a sign of strong investor confidence and the company’s ability to succeed in challenging financial times. Live Quote…
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 |
| 22.71k | 2.16k | 9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freeport-mcmoran Inc. More…
| Operations | Investing | Financing |
| 5.03k | -4.64k | -2.67k |
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 |
| 51.65k | 24.97k | 11.48 |
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 |
| 18.6% | 75.7% | 28.0% |
| FCF Margin | ROE | ROA |
| 2.3% | 24.4% | 7.7% |
Analysis – Freeport-mcmoran Inc Stock Fair Value Calculation
GoodWhale has analyzed the financials of FREEPORT-MCMORAN INC and determined the fair value of its shares to be around $39.0. This calculation was based on GoodWhale’s proprietary Valuation Line, which takes into account factors such as the company’s financial history, its current valuation, its competitive position, and other market conditions. Despite this fair value, FREEPORT-MCMORAN INC stock is currently being traded at $42.2, indicating an 8.2% overvaluation in the current market. More…
Peers
Freeport-McMoRan Inc is one of the world’s leading producers of copper, gold, and molybdenum. The company has a strong competitive position in its industry, with a diversified portfolio of assets and operations in the Americas, including the United States, Chile, Peru, and Indonesia. Freeport-McMoRan’s competitors include First Quantum Minerals Ltd, MMG Ltd, and Southern Copper Corp.
– First Quantum Minerals Ltd ($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
Analysts attribute this to a combination of factors, such as the company’s focus on copper and gold mining, its current growth strategies and its recent cost containment efforts. FREEPORT’s share price has been climbing steadily since the beginning of the year, but it has seen particularly strong gains in the past week. The company’s good performance has been welcomed by investors, who have become increasingly bullish on the stock despite FREEPORT’s difficult position in the current market. Many analysts believe that this could indicate a promising outlook for the future of this company and its investors.
