Freeport-McMoRan (FCX)
Materials · Diversified mining – copper, molybdenum, and gold
Global mining company producing copper, molybdenum, and gold through operations in the US, South America, and Indonesia, with a focus on responsibly produced minerals for the energy transition.
What Freeport-McMoRan does
Freeport-McMoRan Inc. is a large-scale mining company that extracts and processes copper, molybdenum, and gold primarily through its flagship Grasberg Block Cave underground mine in Indonesia (PT Freeport Indonesia) and additional copper and molybdenum operations in the United States and South America. The company mines, mills, smelts, and refines these commodities, with revenues driven by global commodity prices and production volumes. FCX is positioned as a supplier of responsibly produced metals critical for power transmission, renewable energy infrastructure, and industrial applications.
Themes: ["copper supply","energy transition metals","mining operations","Indonesia operations (PTFI Grasberg)","molybdenum production","environmental remediation","mining safety","commodity price exposure"]
Fundamentals
- Price$60.53 as of 2026-07-09 close
- Market cap$86.9B as of 2026-07-10
- 1-year return+32.8% as of 2026-07-09 close
- P/E31.81 as of 2026-07-10
- Net margin+10.4% as of 2026-07-10
- Gross margin+25.6% as of 2026-07-10
- ROE+14.5% as of 2026-07-10
- Debt / equity0.48 as of 2026-07-10
- Revenue growth (YoY)-24.2% as of 2026-07-10
- Revenue CAGR (3y)+4.4% SEC XBRL
- Beta1.39 as of 2026-07-10
Dividend: yield +1.0%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["September 2025 mud rush incident at PTFI Grasberg Block Cave mine and phased restart/ramp-up risks affecting production and cash flows","Commodity price volatility—copper, molybdenum, and gold price fluctuations directly impact revenues and profitability given 24% YoY revenue decline","Geopolitical, regulatory, and operational risks in Indonesia including PTFI's dependence on extending its special mining license (IUPK) beyond 2041"]
Competitors & peers
- Antofagasta
- BHP Group
- Codelco
- Rio Tinto
- Glencore
- Teck Resources
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.