Freeport-McMoran FCX
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Freeport-McMoran (FCX) Business Model and Operations Summary
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Key Insights
Freeport-McMoran (FCX) Core Market Data and Business Metrics
Latest Closing Price
$38.13Market Cap
$54.44 BillionTotal Outstanding Shares
1.44 Billion SharesTotal Employees
28,500Dividend
$0.07 Per Share QuarterlyIPO Date
August 1, 1995SIC Description
Metal MiningPrimary Exchange
New York Stock ExchangeHeadquarters
333 North Central Avenue, Phoenix, AZ, 85004
Historical Stock Splits
If you bought 1 share of FCX before February 2, 2011, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| February 2, 2011 | 2-for-1 |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $7.04 Billion |
| Net Cash Flow From Operating Activities, Continuing | $7.04 Billion |
| Net Cash Flow | $-323 Million |
| Net Cash Flow, Continuing | $-323 Million |
| Net Cash Flow From Financing Activities, Continuing | $-2.20 Billion |
| Net Cash Flow From Financing Activities | $-2.20 Billion |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Interest Income/Expense After Provision For Losses | $-346 Million |
| Operating Income/Loss | $7.34 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $2.68 Billion |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $13 Million |
| Cost Of Revenue | $17.45 Billion |
| Income/Loss From Continuing Operations Before Tax | $7.39 Billion |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $2.05 Billion |
| Comprehensive Income/Loss | $4.73 Billion |
| Other Comprehensive Income/Loss | $42 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $2.68 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Other Non-current Assets | $3.10 Billion |
| Noncurrent Liabilities | $20.29 Billion |
| Liabilities And Equity | $55.40 Billion |
| Current Assets | $14.54 Billion |
| Equity | $28.87 Billion |
| Current Liabilities | $6.25 Billion |
Historical Dividends
Current dividend: $0.07 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 26, 2025 | May 1, 2025 | Apr 15, 2025 | $0.075 | Quarterly |
| Dec 18, 2024 | Feb 3, 2025 | Jan 15, 2025 | $0.075 | Quarterly |
| Sep 25, 2024 | Nov 1, 2024 | Oct 15, 2024 | $0.075 | Quarterly |
| Jun 26, 2024 | Aug 1, 2024 | Jul 15, 2024 | $0.075 | Quarterly |
| Mar 27, 2024 | May 1, 2024 | Apr 15, 2024 | $0.075 | Quarterly |
| Dec 20, 2023 | Feb 1, 2024 | Jan 12, 2024 | $0.075 | Quarterly |