Amazon's Betting Big on This Unknown AI Company
Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.
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 | 47.09 |
| PEG Ratio | 0.20 |
| EBITDA | 4,062,000,128 |
Share 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% |
Highlights
| Analyst Target | 35.77 |
| Market Cap | 53,603,901,440 |
| PE Ratio | 47.09 |
| PEG Ratio | 0.20 |
| EBITDA | 4,062,000,128 |
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 1.10%.
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
| 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 |
| Aug 1, 2022 | $0.08 |
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