The copper price is broadly unchanged on last quarter, trading around USD 6 per pound, near historical highs. The iron ore price continues to trade in a narrow range and at around USD 100 per metric ton is also flat as Chinese imports remain strong despite falling steel production.
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) | 28.07 | 18.12 | 18.19 |
Price/Book Value | 4.30 | 1.44 | 4.06 |
Price/Sales | 3.19 | 3.06 | 3.80 |
Price/Cash Flow | 12.12 | 10.73 | 9.56 |
|
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
| LOCK|%XD>Qd | LOCK|q>< | $144B | |||
| Antofagasta PLC
ANFGF
| — | LOCK|Zq?>M | $46B | |||
| First Quantum Minerals Ltd
FQVLF
| — | LOCK|vj | $22B | |||
| Lundin Mining Corp
LUNMF
| — | LOCK|<M% | $20B | |||
| Lundin Mining Corp ADR
LNDMY
| — | LOCK|&> | $20B | |||
| Jiangxi Copper Co Ltd Class H
JIAXF
| — | LOCK|ql | $17B | |||
| KGHM Polska Miedz SA
KGHPF
| — | LOCK|!$ | $16B | |||
| MMG Ltd
MMLTF
| — | LOCK|%m | $12B | |||
| Hudbay Minerals Inc
HBM
| — | LOCK|n@$ | $9B |
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United States