Freeport-McMoran Copper & Gold Inc
- Industry
- Copper Mining
- Exchange
- US
- Country
- USA
- IPO date
- Jul 10, 1995
- Employees
- 29,000
- Website
- fcx.com
Composite valuation range · conservative $23–$32 / fair $38–$50 / optimistic $55–$67. At $62.72, Within the optimistic intrinsic-value range · much expectation priced in.
At publication $61.99 (May 26, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
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. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone 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 was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
History
Freeport-McMoRan was incorporated in 1987 and is headquartered in Phoenix, Arizona, completing its IPO on 10 July 1995. Formerly named Freeport-McMoRan Copper & Gold Inc., it changed its name to Freeport-McMoRan Inc. in July 2014. In 2015 it recorded a large impairment tied to oil and gas assets, posting a full-year net loss attributable to the parent of about USD 12.2 billion. In June 2024 Kathleen Quirk became CEO while Richard Adkerson continued as Chairman, and in 2026 the company signed an MOU with the Indonesian government extending PT-FI's Grasberg operating rights over the life of the resource.
Industry position
Freeport-McMoRan is a copper-focused international mining company operating long-lived assets in North America, South America, and Indonesia, primarily producing copper, gold, and molybdenum; in 2024 revenue came roughly 74% from copper, 17% from gold, and 7% from molybdenum. Its assets include the Grasberg district in Indonesia, Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona, Chino and Tyrone in New Mexico, Henderson and Climax in Colorado, Cerro Verde in Peru, and El Abra in Chile. FCX describes itself as one of the world's largest publicly traded copper producers, with peers including Southern Copper, BHP, and Rio Tinto. At end-2025 consolidated reserves were about 112.3 billion lbs copper, 20.6 million oz gold, and 3.5 billion lbs molybdenum; the company employs about 29,000 people.