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
|
TECK.B
|
BHP
|
|---|---|---|---|
Price/Earnings (Normalized) | 32.89 | 21.27 | 20.49 |
Price/Book Value | 5.04 | 1.69 | 4.57 |
Price/Sales | 3.74 | 3.59 | 4.28 |
Price/Cash Flow | 14.21 | 12.59 | 10.77 |
|
Metric
|
FCX
|
TECK.B
|
BHP
|
|---|---|---|---|
Quick Ratio | 0.98 | 2.03 | 1.25 |
Current Ratio | 2.39 | 2.83 | 1.65 |
Interest Coverage | 18.23 | 4.56 | 11.54 |
|
Metric
|
FCX
|
TECK.B
|
BHP
|
|---|---|---|---|
Return on Assets (Normalized) | 5.29% | 4.63% | 10.39% |
Return on Equity (Normalized) | 16.29% | 8.25% | 23.83% |
Return on Invested Capital (Normalized) | 8.23% | 7.11% | 15.85% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Southern Copper Corp
SCCO
| Yqxlnjhw | Gcg | $160B | |||
| Antofagasta PLC
ANFGF
| — | Blpkdv | $56B | |||
| First Quantum Minerals Ltd
FQVLF
| — | Twdqt | $26B | |||
| Lundin Mining Corp
LUNMF
| — | Jvwgl | $24B | |||
| Lundin Mining Corp ADR
LNDMY
| — | Tfhsfdd | $24B | |||
| Jiangxi Copper Co Ltd Class H
JIAXF
| — | Gtly | $22B | |||
| KGHM Polska Miedz SA
KGHPF
| — | Vwrj | $21B | |||
| MMG Ltd
MMLTF
| — | Vthwf | $13B | |||
| Hudbay Minerals Inc
HBM
| — | Vzfrqx | $11B |
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United States