Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Freeport-McMoRan's share price for the quarter that ended in Sep. 2024 was $50.2975. Freeport-McMoRan's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 1,437 Mil. Therefore, Freeport-McMoRan's market cap for the quarter that ended in Sep. 2024 was $72,270 Mil.
Freeport-McMoRan's quarterly market cap
increased
from Mar. 2024 ($67,241 Mil) to Jun. 2024 ($70,070 Mil) and
increased
from Jun. 2024 ($70,070 Mil) to Sep. 2024 ($72,270 Mil).
Freeport-McMoRan's annual market cap
declined
from Dec. 2021 ($60,640 Mil) to Dec. 2022 ($54,354 Mil) but then
increased
from Dec. 2022 ($54,354 Mil) to Dec. 2023 ($62,118 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Freeport-McMoRan's Enterprise Value for Today is $66,467 Mil.
Freeport-McMoRan Market Cap Historical Data
The historical data trend for Freeport-McMoRan's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Freeport-McMoRan's Market Cap
For the Copper subindustry, Freeport-McMoRan's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Freeport-McMoRan's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Market Cap distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's Market Cap falls into.
Freeport-McMoRan Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Freeport-McMoRan's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Freeport-McMoRan (LTS:0R2O) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Freeport-McMoRan Market Cap Related Terms
Thank you for viewing the detailed overview of Freeport-McMoRan's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
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