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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.10
FCX's Cash to Debt is ranked higher than
52% of the 2385 Companies
in the Global Copper industry.

( Industry Median: 170.11 vs. FCX: 0.10 )
FCX' s 10-Year Cash to Debt Range
Min: 0   Max: 1.36
Current: 0.1

0
1.36
Equity to Asset 0.33
FCX's Equity to Asset is ranked higher than
59% of the 1250 Companies
in the Global Copper industry.

( Industry Median: 0.64 vs. FCX: 0.33 )
FCX' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.5
Current: 0.33

0.03
0.5
F-Score: 4
Z-Score: 1.22
M-Score: -2.64
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 25.58
FCX's Operating margin (%) is ranked higher than
93% of the 1252 Companies
in the Global Copper industry.

( Industry Median: 2.00 vs. FCX: 25.58 )
FCX' s 10-Year Operating margin (%) Range
Min: -71.42   Max: 52.09
Current: 25.58

-71.42
52.09
Net-margin (%) 12.70
FCX's Net-margin (%) is ranked higher than
90% of the 1252 Companies
in the Global Copper industry.

( Industry Median: -0.09 vs. FCX: 12.70 )
FCX' s 10-Year Net-margin (%) Range
Min: -62.19   Max: 25.16
Current: 12.7

-62.19
25.16
ROE (%) 12.70
FCX's ROE (%) is ranked higher than
95% of the 2284 Companies
in the Global Copper industry.

( Industry Median: -9.18 vs. FCX: 12.70 )
FCX' s 10-Year ROE (%) Range
Min: -191.7   Max: 108.22
Current: 12.7

-191.7
108.22
ROA (%) 4.19
FCX's ROA (%) is ranked higher than
92% of the 2359 Companies
in the Global Copper industry.

( Industry Median: -7.69 vs. FCX: 4.19 )
FCX' s 10-Year ROA (%) Range
Min: -47.39   Max: 27.03
Current: 4.19

-47.39
27.03
ROC (Joel Greenblatt) (%) 10.51
FCX's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 2289 Companies
in the Global Copper industry.

( Industry Median: -10.19 vs. FCX: 10.51 )
FCX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -73.59   Max: 84.66
Current: 10.51

-73.59
84.66
Revenue Growth (%) 1.30
FCX's Revenue Growth (%) is ranked higher than
71% of the 887 Companies
in the Global Copper industry.

( Industry Median: 5.70 vs. FCX: 1.30 )
FCX' s 10-Year Revenue Growth (%) Range
Min: -2.1   Max: 49.3
Current: 1.3

-2.1
49.3
EBITDA Growth (%) -8.40
FCX's EBITDA Growth (%) is ranked higher than
75% of the 1403 Companies
in the Global Copper industry.

( Industry Median: -7.20 vs. FCX: -8.40 )
FCX' s 10-Year EBITDA Growth (%) Range
Min: -8.4   Max: 58.1
Current: -8.4

-8.4
58.1
EPS Growth (%) -16.30
FCX's EPS Growth (%) is ranked higher than
70% of the 1340 Companies
in the Global Copper industry.

( Industry Median: -6.70 vs. FCX: -16.30 )
FCX' s 10-Year EPS Growth (%) Range
Min: -37.4   Max: 105.1
Current: -16.3

-37.4
105.1
» FCX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

FCX Guru Trades in Q2 2013

Jeremy Grantham 653,750 sh (+867.09%)
Steven Cohen 2,561,382 sh (+451.45%)
Ron Baron 4,537 sh (+348.32%)
T Boone Pickens 18,000 sh (+127.85%)
John Paulson 15,505,982 sh (+72.29%)
Bill Frels 15,810 sh (+5.4%)
John Buckingham 137,768 sh (+3.99%)
Mario Gabelli 1,124,013 sh (+1.81%)
Chris Davis 203,374 sh (+0.46%)
PRIMECAP Management 7,300 sh (unchged)
Steven Cohen 2,718,300 sh (unchged)
George Soros Sold Out
Caxton Associates Sold Out
Leon Cooperman Sold Out
Manning & Napier Advisors, Inc Sold Out
Pioneer Investments 1,480,997 sh (-21.7%)
Ken Fisher 21,312 sh (-24.44%)
Ray Dalio 192,885 sh (-24.93%)
Paul Tudor Jones 10,300 sh (-86.43%)
David Dreman 7,370 sh (-91.36%)
» More
Q3 2013

FCX Guru Trades in Q3 2013

David Tepper 1,754,639 sh (New)
Murray Stahl 132,583 sh (New)
Leon Cooperman 2,852,300 sh (New)
Louis Moore Bacon 15,261 sh (New)
Paul Tudor Jones 50,000 sh (+385.44%)
Mario Gabelli 1,585,408 sh (+41.05%)
John Buckingham 149,871 sh (+8.79%)
Pioneer Investments 1,484,016 sh (+0.2%)
David Tepper 14,215 sh (unchged)
PRIMECAP Management 7,300 sh (unchged)
John Paulson 15,505,982 sh (unchged)
Steven Cohen 1,988,400 sh (unchged)
Ron Baron 4,537 sh (unchged)
T Boone Pickens Sold Out
Bill Frels Sold Out
Chris Davis 193,664 sh (-4.77%)
David Dreman 6,566 sh (-10.91%)
Signature Select Canadian Fund 181,550 sh (-27.34%)
Ken Fisher 14,180 sh (-33.46%)
Ray Dalio 123,900 sh (-35.76%)
Steven Cohen 834,731 sh (-67.41%)
Jeremy Grantham 103,800 sh (-84.12%)
» More
Q4 2013

FCX Guru Trades in Q4 2013

Caxton Associates 41,259 sh (New)
Mariko Gordon 17,793 sh (New)
Paul Tudor Jones 97,600 sh (+95.2%)
Ron Baron 7,837 sh (+72.74%)
Ray Dalio 190,185 sh (+53.5%)
David Dreman 7,341 sh (+11.8%)
Leon Cooperman 2,900,800 sh (+1.7%)
Pioneer Investments 1,500,782 sh (+1.13%)
Jeremy Grantham 104,900 sh (+1.06%)
PRIMECAP Management 7,300 sh (unchged)
Steven Cohen 250,000 sh (unchged)
Steven Cohen Sold Out
John Paulson 15,501,382 sh (-0.03%)
Mario Gabelli 1,579,874 sh (-0.35%)
Murray Stahl 132,051 sh (-0.4%)
John Buckingham 148,836 sh (-0.69%)
Louis Moore Bacon 14,582 sh (-4.45%)
Ken Fisher 13,436 sh (-5.25%)
Chris Davis 176,497 sh (-8.86%)
David Tepper 1,128,056 sh (-35.71%)
» More
Q1 2014

FCX Guru Trades in Q1 2014

Ken Fisher 11,596 sh (-13.69%)
» More
» Details

Insider Trades

Latest Guru Trades with FCX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mariko Gordon 2013-12-31 New Buy0.03%$32.88 - $37.68 $ 33.3-6%17793
Ray Dalio 2013-12-31 Add 53.5%0.02%$32.88 - $37.68 $ 33.3-6%190185
Ron Baron 2013-12-31 Add 72.74%$32.88 - $37.68 $ 33.3-6%7837
Leon Cooperman 2013-09-30 New Buy1.4%$27.34 - $34.6 $ 33.39%2852300
Mario Gabelli 2013-09-30 Add 41.05%0.09%$27.34 - $34.6 $ 33.39%1585408
Ray Dalio 2013-09-30 Reduce -35.76%0.02%$27.34 - $34.6 $ 33.39%123900
Leon Cooperman 2013-06-30 Sold Out 1.6%$26.82 - $33.76 $ 33.39%0
John Paulson 2013-06-30 Add 72.29%1.26%$26.82 - $33.76 $ 33.39%15505982
George Soros 2013-06-30 Sold Out 0.15%$26.82 - $33.76 $ 33.39%0
David Dreman 2013-06-30 Reduce -91.36%0.07%$26.82 - $33.76 $ 33.39%7370
Ray Dalio 2013-06-30 Reduce -24.93%0.02%$26.82 - $33.76 $ 33.39%192885
Ron Baron 2013-06-30 Add 348.32%$26.82 - $33.76 $ 33.39%4537
George Soros 2013-03-31 Reduce -71.19%0.4%$31.4 - $36.09 $ 33.3-2%393061
Ray Dalio 2013-03-31 Reduce -44.79%0.07%$31.4 - $36.09 $ 33.3-2%256927
Mario Gabelli 2013-03-31 Add 20.26%0.04%$31.4 - $36.09 $ 33.3-2%1104072
David Dreman 2013-03-31 Add 34.65%0.02%$31.4 - $36.09 $ 33.3-2%85326
PRIMECAP Management 2013-03-31 Reduce -97.95%0.02%$31.4 - $36.09 $ 33.3-2%7300
Jean-Marie Eveillard 2013-03-31 Sold Out 0.0036%$31.4 - $36.09 $ 33.3-2%0
Ron Baron 2013-03-31 New Buy$31.4 - $36.09 $ 33.3-2%1012
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Freeport-McMoRan Copper & Gold

Columbia Management Comments on Freeport McMoRan - Jan 23, 2013

We continue to have a positive view of industrials (and materials) companies. Relative underperformance in the materials sector was largely driven by new portfolio holding Freeport McMoRan (FCX). Freeport McMoRan is the world's largest publicly traded copper company; we added the stock to the portfolio in October. The company has global reserves of copper, gold and other metals, a strong balance sheet, and, despite weakness in the global economy, generates significant free-cash-flow, even at lower copper prices. Freeport McMoRan shares fell during the quarter after the company announced the acquisition of an oil and gas company. (Investors would have preferred that the company remain focused on copper and metals.) We believe the long-term demand for metals remains positive, particularly from China and Asia, where large infrastructure projects continue to move forward, and expect Freeport McMoRan to recover as it returns to trading in line with the price of copper.

From Columbia Wanger’s fourth quarter commentary.


Check out Columbia Wanger latest stock trades

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Ratios

vs
industry
vs
history
P/E(ttm) 12.60
FCX's P/E(ttm) is ranked higher than
74% of the 610 Companies
in the Global Copper industry.

( Industry Median: 14.80 vs. FCX: 12.60 )
FCX' s 10-Year P/E(ttm) Range
Min: 2.71   Max: 77.08
Current: 12.6

2.71
77.08
P/B 1.60
FCX's P/B is ranked higher than
59% of the 2285 Companies
in the Global Copper industry.

( Industry Median: 1.18 vs. FCX: 1.60 )
FCX' s 10-Year P/B Range
Min: 0.45   Max: 114.17
Current: 1.6

0.45
114.17
P/S 1.60
FCX's P/S is ranked higher than
58% of the 1314 Companies
in the Global Copper industry.

( Industry Median: 1.62 vs. FCX: 1.60 )
FCX' s 10-Year P/S Range
Min: 0.41   Max: 3.99
Current: 1.6

0.41
3.99
PFCF 41.00
FCX's PFCF is ranked higher than
53% of the 379 Companies
in the Global Copper industry.

( Industry Median: 15.30 vs. FCX: 41.00 )
FCX' s 10-Year PFCF Range
Min: 4.31   Max: 153.64
Current: 41

4.31
153.64
EV-to-EBIT 9.90
FCX's EV-to-EBIT is ranked higher than
69% of the 1083 Companies
in the Global Copper industry.

( Industry Median: 11.80 vs. FCX: 9.90 )
FCX' s 10-Year EV-to-EBIT Range
Min: 2.5   Max: 27.1
Current: 9.9

2.5
27.1
Shiller P/E 131.10
FCX's Shiller P/E is ranked lower than
61% of the 537 Companies
in the Global Copper industry.

( Industry Median: 14.60 vs. FCX: 131.10 )
FCX' s 10-Year Shiller P/E Range
Min: 3.99   Max: 873.67
Current: 131.1

3.99
873.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.80
FCX's Dividend Yield is ranked higher than
77% of the 546 Companies
in the Global Copper industry.

( Industry Median: 2.50 vs. FCX: 3.80 )
FCX' s 10-Year Dividend Yield Range
Min: 0.17   Max: 10.8
Current: 3.8

0.17
10.8
Dividend Payout 0.47
FCX's Dividend Payout is ranked higher than
64% of the 322 Companies
in the Global Copper industry.

( Industry Median: 0.45 vs. FCX: 0.47 )
FCX' s 10-Year Dividend Payout Range
Min: 0.1   Max: 1.01
Current: 0.47

0.1
1.01
Dividend growth (3y) 40.60
FCX's Dividend growth (3y) is ranked higher than
93% of the 271 Companies
in the Global Copper industry.

( Industry Median: 11.50 vs. FCX: 40.60 )
FCX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 66.7
Current: 40.6

0
66.7
Yield on cost (5-Year) 3.80
FCX's Yield on cost (5-Year) is ranked higher than
64% of the 569 Companies
in the Global Copper industry.

( Industry Median: 3.03 vs. FCX: 3.80 )
FCX' s 10-Year Yield on cost (5-Year) Range
Min: 0.17   Max: 10.8
Current: 3.8

0.17
10.8
Share Buyback Rate -2.00
FCX's Share Buyback Rate is ranked higher than
92% of the 1866 Companies
in the Global Copper industry.

( Industry Median: -14.10 vs. FCX: -2.00 )
FCX' s 10-Year Share Buyback Rate Range
Min: 7.7   Max: -29
Current: -2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.80
FCX's Price/Tangible Book is ranked higher than
54% of the 2223 Companies
in the Global Copper industry.

( Industry Median: 1.30 vs. FCX: 1.80 )
FCX' s 10-Year Price/Tangible Book Range
Min: 1.89   Max: 106.19
Current: 1.8

1.89
106.19
Price/DCF (Projected) 0.90
FCX's Price/DCF (Projected) is ranked higher than
79% of the 651 Companies
in the Global Copper industry.

( Industry Median: 1.20 vs. FCX: 0.90 )
FCX' s 10-Year Price/DCF (Projected) Range
Min: 0.35   Max: 5.74
Current: 0.9

0.35
5.74
Price/Median PS Value 0.70
FCX's Price/Median PS Value is ranked higher than
68% of the 1191 Companies
in the Global Copper industry.

( Industry Median: 0.60 vs. FCX: 0.70 )
FCX' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 1.59
Current: 0.7

0.27
1.59
Price/Graham Number 0.90
FCX's Price/Graham Number is ranked higher than
72% of the 607 Companies
in the Global Copper industry.

( Industry Median: 1.00 vs. FCX: 0.90 )
FCX' s 10-Year Price/Graham Number Range
Min: 0.78   Max: 3.91
Current: 0.9

0.78
3.91
Earnings Yield (Greenblatt) 10.10
FCX's Earnings Yield (Greenblatt) is ranked higher than
69% of the 1062 Companies
in the Global Copper industry.

( Industry Median: 9.80 vs. FCX: 10.10 )
FCX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.7   Max: 39.8
Current: 10.1

3.7
39.8
Forward Rate of Return (Yacktman) 6.47
FCX's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 1956 Companies
in the Global Copper industry.

( Industry Median: -13.51 vs. FCX: 6.47 )
FCX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.1   Max: 80.2
Current: 6.47

0.1
80.2

Business Description

Industry: Metals & Mining » Copper
Compare:SCCO, OZMLY, SFRRF, IPLRF, AZC » details
Traded in other countries:FPMB.Germany
Freeport-McMoRan Copper & Gold was incorporated under the laws of the state of Delaware on November 10, 1987. The Company deals in the mining of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, significant mining operations in North and South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo (DRC). The Grasberg minerals district contains the single recoverable copper reserve and the single gold reserve of any mine in the world based on the latest available reserve data provided by third-party industry consultants. At December 31, 2011, consolidated recoverable proven and probable reserves totaled 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver and 0.86 billion pounds of cobalt. Approximately 34 percent of its copper reserves are in North America, 33 percent are in South America, 26 percent are in Indonesia and 7 percent are in Africa. Approximately 95 percent of its gold reserves are in Indonesia, with its remaining gold reserves primarily in South America. Approximately 79 percent of its molybdenum reserves are in North America, with its remaining molybdenum reserves in South America. It operates four copper mines in South America - Cerro Verde in Peru, and El Abra, Candelaria and Ojos del Salado in Chile. In addition to copper, the Cerro Verde mine also produces molybdenum concentrates, and the Candelaria and Ojos del Salado mines produce gold and silver. n Indonesia, PT Freeport Indonesia operates the mines in the Grasberg minerals district. In addition to copper, the Grasberg minerals district also produces significant quantities of gold and silver. In Africa, Tenke Fungurume Mining S.A.R.L. (TFM) operates the mine in the Tenke Fungurume minerals district (the Tenke mine). In addition to copper, Tenke produces cobalt hydroxide. During 2011, 34 percent of its consolidated copper production was from North America, 35 percent from South America, 23 percent from Grasberg and 8 percent from Tenke. The Grasberg minerals district also accounted for 92 percent of its consolidated gold production for 2011. It produces molybdenum at its Henderson molybdenum mine in Colorado. During 2011, 46 percent of its consolidated molybdenum production was from the Henderson molybdenum mine, 42 percent was produced at certain of its North America copper mines and 12 percent was produced at its Cerro Verde copper mine.

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