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After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here...Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 3rd.
Shares Stats
| Shares Outstanding | 1,460,000,000 |
| Shares Float | 1,453,156,992 |
| Shares Short | 23,178,485 |
| Insider Holdings | 77% |
| Institution Holdings | 73.81% |
About Freeport-McMoRan Inc
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2020, it operated approximately 165 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
General
| Name | Freeport-McMoRan Inc |
| Ticker | FCX |
| Exchange | NYSE |
| Sector | Basic Materials |
| Industry | Copper |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 24,500 |
Highlights
| Analyst Target | 35.77 |
| Market Cap | 53,603,901,440 |
| PE Ratio | 33.07 |
| PEG Ratio | 0.20 |
| EBITDA | 4,062,000,128 |
Financials
| Curr Year EPS Estimate | 2.33 |
| Next Quarter EPS Estimate | 0.51 |
| Profit Margin | 0.04 |
| Return on Assets | 0.04 |
| Return on Equity | 0.05 |
| Revenue | 14,197,999,616 |
| Earnings Per Share | 0.41 |
| Revenue Per Share | 9.77 |
| Gross Profit | 4,273,000,000 |
| Quarterly Revenue Growth | 0.15 |
Valuation
| Trailing PE | 89.55 |
| Forward PE | 16.84 |
| Price/Sales (Trailing 12 Mt.) | 3.60 |
| Price/Book (Most Recent Quarter) | 5.03 |
Dividend
Freeport-McMoRan Inc pays out a dividend of $0.05 per share, with a dividend yield of 1.35%.
FCX's last dividend payment was made to shareholders on February 3, 2020.
They pay out 12.20% of their earnings out as a dividend.
Recent Dividends
| Aug 1, 2024 | $0.08 |
| May 1, 2024 | $0.08 |
| Feb 1, 2024 | $0.08 |
| Nov 1, 2023 | $0.08 |
| Aug 1, 2023 | $0.08 |
| May 1, 2023 | $0.08 |
| Feb 1, 2023 | $0.08 |
| Nov 1, 2022 | $0.08 |
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