Freeport-McMoRan Stock Underperforms on Monday Compared to Competitors
July 19, 2023
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FREEPORT-MCMORAN ($NYSE:FCX): Freeport-McMoRan Inc. has had a rough start to the week, with its stock dropping 1.51% to $40.46 on Monday. This puts the stock significantly behind its competitors, who have all enjoyed a general positive performance in the market. Freeport-McMoRan Inc. is an American multinational mining corporation with headquarters in Phoenix, Arizona. The company is primarily focused on the production of copper, gold, and molybdenum.
It is one of the world’s largest producers of copper and gold, with operations in North America, South America, and Indonesia. Despite being one of the most successful mining companies in the world, the company has been unable to keep up with its competitors on Monday, with its stock underperforming in comparison.
Share Price
On Monday, the stock of Freeport-McMoRan Inc. (FREEPORT-MCMORAN INC) underperformed compared to its competitors in the market. The stock opened at $40.2 and closed at $40.4, representing a 0.1% drop from its last closing price of 40.5.
This decline was seen in contrast to other stocks in the industry which showed steady or positive growth during the day. The company’s stock has been on a downward trend in the past few weeks and it appears that the latest decline further impacted its performance in the market. 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 |
| 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% |
Analysis
As GoodWhale, we have analyzed the wellbeing of FREEPORT-MCMORAN INC. Our Star Chart shows that they are classified as ‘rhino’, which generally means they have achieved moderate revenue or earnings growth. This makes them an attractive company for certain types of investors who are targeting moderate growth. We have also evaluated their overall health score and have determined that they are quite strong, with a score of 8/10. This indicates that they have healthy cashflows and debt, and are capable of weathering any potential economic crisis without the risk of bankruptcy. On a more granular level, we have also assessed FREEPORT-MCMORAN INC’s performance in various categories. They are strong in dividend payments, medium in asset management, profitability, and weak in growth. This information can offer valuable insights to potential investors when assessing the company. 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
Freeport-McMoRan Inc. experienced a slip of 1.51% to $40.46 on Monday, compared to its competitors. This underperformance may be indicative of the unfavorable outlook for this stock on the market. Investors should consider this stock’s performance and carefully weigh the risk versus reward before making a decision to invest in this company.
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