Freeport-McMoranFCX
Market Cap: $57.5B
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 Q2 SEC filings by fund managers ($100M+ AUM)
44% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 133
29% more repeat investments, than reductions
Existing positions increased: 623 | Existing positions reduced: 482
20% more call options, than puts
Call options by funds: $2.54B | Put options by funds: $2.11B
4% more funds holding
Funds holding: 1,423 [Q1] → 1,481 (+58) [Q2]
3% more capital invested
Capital invested by funds: $56.4B [Q1] → $58.1B (+$1.74B) [Q2]
0.36% less ownership
Funds ownership: 83.53% [Q1] → 83.17% (-0.36%) [Q2]
29% less funds holding in top 10
Funds holding in top 10: 42 [Q1] → 30 (-12) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
UBS Daniel Major 100% 1-year accuracy 3 / 3 met price target | 38%upside $55 | Buy Upgraded | 4 Sept 2024 |
Scotiabank Orest Wowkodaw 29% 1-year accuracy 4 / 14 met price target | 30%upside $52 | Sector Outperform Maintained | 19 Aug 2024 |
Raymond James Brian MacArthur 57% 1-year accuracy 4 / 7 met price target | 33%upside $53 | Outperform Maintained | 24 Jul 2024 |
RBC Capital Sam Crittenden 0 / 0 met price target | 50%upside $60 | Sector Perform Reiterated | 24 Jul 2024 |
Scotiabank Orest Wowkodaw 29% 1-year accuracy 4 / 14 met price target | 45%upside $58 | Sector Outperform Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 18 articles about FCX published over the past 30 days