Has the Tech Stock Selloff Finally Arrived?

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.

FCX
Freeport-McMoRan Inc
NYSE
44.14
Open 43.07 Prev Close 42.07
High 43.07 Low 42.03
Volume 11,873,569 Volume (Avg) 11,707,612
52 Week High 39.10 52 Week Low 5.26
Market Cap 53.6B PE Ratio 33.07

Shares Stats

Shares Outstanding1,460,000,000
Shares Float1,453,156,992
Shares Short23,178,485
Insider Holdings77%
Institution Holdings73.81%

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

NameFreeport-McMoRan Inc
TickerFCX
ExchangeNYSE
SectorBasic Materials
IndustryCopper
CurrencyUSD
CountryUSA
Fiscal Year EndDecember
Full Time Employees24,500

Highlights

Analyst Target35.77
Market Cap53,603,901,440
PE Ratio33.07
PEG Ratio0.20
EBITDA4,062,000,128

Financials

Curr Year EPS Estimate2.33
Next Quarter EPS Estimate0.51
Profit Margin0.04
Return on Assets0.04
Return on Equity0.05
Revenue14,197,999,616
Earnings Per Share0.41
Revenue Per Share9.77
Gross Profit4,273,000,000
Quarterly Revenue Growth0.15

Valuation

Trailing PE89.55
Forward PE16.84
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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