Freeport Mcmoran Copper Gold Stock Today
| FCX Stock | USD 50.50 1.10 2.23% |
Performance14 of 100
| Odds Of DistressLess than 9
|
Freeport McMoran is trading at 50.50 as of the 28th of April 2024; that is 2.23 percent up since the beginning of the trading day. The stock's open price was 49.4. Freeport McMoran has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Freeport McMoran Copper Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona. Freeport Mcmoran operates under Copper classification in the United States and is traded on New York Stock Exchange. The company has 1.44 B outstanding shares of which 22.88 M shares are currently shorted by investors with about 1.38 days to cover. More on Freeport McMoran Copper Gold
Moving together with Freeport Stock
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| 0.88 | MTAL | Metals Acquisition Earnings Call This Week | PairCorr |
| 0.99 | SCCO | Southern Copper | PairCorr |
Moving against Freeport Stock
| 0.75 | X | United States Steel Earnings Call This Week | PairCorr |
Follow Valuation Odds of Bankruptcy
Financial Report 18th of July 2024
Freeport Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Freeport McMoran's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Freeport McMoran or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | James Moffett |
| Thematic Ideas | Showing 3 out of 4 themes |
| Business Concentration | Non-Metallic and Industrial Metal Mining, Copper, Basic Materials, NYSE Composite, Climate Change, Manufacturing, Hedge Favorites, Materials, Metals & Mining, Copper, Basic Materials (View all Sectors) |
Freeport McMoran Copper Gold (FCX) is traded on New York Stock Exchange in USA. It is located in 333 North Central Avenue, Phoenix, AZ, United States, 85004-2189 and employs 27,200 people. Freeport McMoran is listed under Non-Metallic and Industrial Metal Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 72.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Freeport McMoran's market, we take the total number of its shares issued and multiply it by Freeport McMoran's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Freeport McMoran Copper runs under Metals & Mining sector within Materials industry. The entity has 1.44 B outstanding shares of which 22.88 M shares are currently shorted by investors with about 1.38 days to cover.
Freeport McMoran Copper Gold has about 8.15 B in cash with 5.28 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.0.
Check Freeport McMoran Probability Of Bankruptcy
Ownership AllocationFreeport McMoran holds a total of 1.44 Billion outstanding shares. The majority of Freeport McMoran Copper Gold outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Freeport McMoran Copper to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Freeport McMoran. Please pay attention to any change in the institutional holdings of Freeport McMoran Copper Gold as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Freeport Ownership Details
Freeport Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Freeport McMoran jumping above the current price in 90 days from now is about 7.79%. The Freeport McMoran Copper Gold probability density function shows the probability of Freeport McMoran stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Freeport McMoran Copper Gold has a beta of -0.1784. This usually indicates as returns on the benchmark increase, returns on holding Freeport McMoran are expected to decrease at a much lower rate. During a bear market, however, Freeport McMoran Copper Gold is likely to outperform the market. Additionally, freeport McMoran Copper Gold has an alpha of 0.3853, implying that it can generate a 0.39 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Freeport McMoran to move above the current price in 90 days from now is about 7.79 (This Freeport McMoran Copper Gold probability density function shows the probability of Freeport Stock to fall within a particular range of prices over 90 days) .
Freeport McMoran Copper Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Freeport McMoran market risk premium is the additional return an investor will receive from holding Freeport McMoran long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Freeport McMoran. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Freeport McMoran's alpha and beta are two of the key measurements used to evaluate Freeport McMoran's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.3853 | |||
| Total Risk Alpha | 0.1101 | |||
| Sortino Ratio | 0.1626 |
Freeport Stock Against Markets
Picking the right benchmark for Freeport McMoran stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Freeport McMoran stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Freeport McMoran is critical whether you are bullish or bearish towards Freeport McMoran Copper Gold at a given time. Please also check how Freeport McMoran's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Freeport McMoran without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Freeport McMoran Corporate Directors
Freeport McMoran corporate directors refer to members of a Freeport McMoran board of directors. The board of directors generally takes responsibility for the Freeport McMoran's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Freeport McMoran's board members must vote for the resolution. The Freeport McMoran board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Day | Independent Director | Profile | |
| Courtney Mather | Independent Director | Profile | |
| David Joint | Director - Investor Relations | Profile | |
| Andrew Langham | Independent Director | Profile |
How to buy Freeport Stock?
Before investing in Freeport McMoran, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Freeport McMoran. To buy Freeport McMoran stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Freeport McMoran. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Freeport McMoran stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Freeport McMoran Copper Gold stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Freeport McMoran Copper Gold stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Freeport McMoran Copper Gold, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Freeport Stock please use our How to Invest in Freeport McMoran guide.
Already Invested in Freeport McMoran Copper Gold?
The danger of trading Freeport McMoran Copper Gold is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Freeport McMoran is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Freeport McMoran. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Freeport McMoran Copper is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Freeport McMoran Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Freeport McMoran's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Freeport Mcmoran Copper Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Freeport Mcmoran Copper Gold Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Freeport McMoran Copper information on this page should be used as a complementary analysis to other Freeport McMoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Freeport Stock analysis
When running Freeport McMoran's price analysis, check to measure Freeport McMoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport McMoran is operating at the current time. Most of Freeport McMoran's value examination focuses on studying past and present price action to predict the probability of Freeport McMoran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoran's price. Additionally, you may evaluate how the addition of Freeport McMoran to your portfolios can decrease your overall portfolio volatility.
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Is Freeport McMoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.