Freeport-McMoRan owns stakes in 10 copper mines including three of the world’s largest: 49% of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.
Utilization of new leaching technologies to exploit previously uneconomic tailings could increase production by about 140,000 metric tons at much lower capital intensity than building a new mine from scratch.
Freeport sits close to the middle of the copper cost curve, making it more leveraged to movements in copper and, to a lesser extent, gold prices compared with its lower-cost competitors.
|
Metric
|
FCX
|
BHP
|
RIO
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.39 | 14.68 | 14.17 |
Price/Book Value | 4.95 | 4.37 | 2.82 |
Price/Sales | 3.86 | 3.67 | 2.96 |
Price/Cash Flow | 13.60 | 9.19 | 8.88 |
|
Metric
|
FCX
|
BHP
|
RIO
|
|---|---|---|---|
Quick Ratio | 0.98 | 1.44 | 0.93 |
Current Ratio | 2.39 | 1.88 | 1.42 |
Interest Coverage | 18.23 | 11.36 | 10.65 |
|
Metric
|
FCX
|
BHP
|
RIO
|
|---|---|---|---|
Return on Assets (Normalized) | 5.72% | 11.44% | 10.13% |
Return on Equity (Normalized) | 17.40% | 27.20% | 20.84% |
Return on Invested Capital (Normalized) | 8.83% | 17.58% | 15.78% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States