Freeport-McMoran
About: Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.
Employees: 27,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more call options, than puts
Call options by funds: $3.19B | Put options by funds: $2.24B
20% more repeat investments, than reductions
Existing positions increased: 630 | Existing positions reduced: 526
1% more capital invested
Capital invested by funds: $59.1B [Q2] → $59.6B (+$422M) [Q3]
1.45% less ownership
Funds ownership: 84.69% [Q2] → 83.24% (-1.45%) [Q3]
2% less funds holding
Funds holding: 1,496 [Q2] → 1,471 (-25) [Q3]
15% less first-time investments, than exits
New positions opened: 143 | Existing positions closed: 168
16% less funds holding in top 10
Funds holding in top 10: 31 [Q2] → 26 (-5) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Scotiabank Orest Wowkodaw 25% 1-year accuracy 3 / 12 met price target | 22%upside $52 | Sector Perform Maintained | 23 Oct 2024 |
Raymond James Brian MacArthur 27% 1-year accuracy 3 / 11 met price target | 33%upside $57 | Outperform Maintained | 23 Oct 2024 |
JP Morgan Bill Peterson 38% 1-year accuracy 10 / 26 met price target | 29%upside $55 | Neutral Maintained | 15 Oct 2024 |
Scotiabank Orest Wowkodaw 25% 1-year accuracy 3 / 12 met price target | 24%upside $53 | Sector Perform Maintained | 8 Oct 2024 |
Scotiabank Orest Wowkodaw 25% 1-year accuracy 3 / 12 met price target | 22%upside $52 | Sector Perform Downgraded | 30 Sept 2024 |
Financial journalist opinion
Based on 13 articles about FCX published over the past 30 days
