This is a review of Freeport McMoRan. What is Freeport McMoRan? What do they offer to you (the investor)? Are there better alternatives out there? This are just a few of the questions we help you answer in this short review!
Name of the company: Freeport McMoRan (Freeport)
Official Website URL: https://www.fcx.com/
CEO: Richard Adkerson
Products: Copper, gold, silver, sulfide ore, molybdenum, mining stocks
International companies have a hard time maintaining their brand reputation and image to all the concerned stakeholders. Freeport-McMoRan (FCX), is, however, one company that is doing an excellent job at this. In this review, we shall be analyzing this company, as we try to identify its strengths and weaknesses, and to find out whether it is worth doing business with. Some of the main features about it that we shall go through include:
– What is Freeport McMoRan?
– How does Freeport go about its operations?
– Which are the main products offered by this company?
– Is this company legit?
– Which investment opportunities does this company offer to investors?
– Which are the main alternatives to Freeport’s investment opportunities?
– Which are the main pros and cons of Freeport?
What is Freeport McMoRan about?
Freeport-McMoRan (FCX) is an international mineral production company that has its headquarters in Phoenix, Arizona. This company was incorporated on November 10, 1987, and has been operational since then. It focuses on the operation of large and long-lived geographically diverse assets that bear significant and proven copper, gold and molybdenum reserves. Freeport’s portfolio of assets, therefore, includes mines from which the above-stated minerals are explored, mined and produced.
The safety and the health of its employees is a top priority for Freeport. The management holds the belief that the safety of all workers is a major element in the enhancement of production as well as the reduction of costs. This, the company undertakes by continuously improving the performance of workers by implementing very robust management systems as well as giving the workers sufficient training and safety incentives.
This company also takes pride in being a founding member of the very popular International Council on Mining and Metals (ICMM). The implementation of the well-defined ICMM sustainable development framework within the entire company leads to site-level sustainability programs which can be attributed to its being able to meet its sourcing objectives in the global marketplace.
How it works
Freeport’s success can be linked back to its operational diversity, in the way it runs long-life and geographically diverse mines. Its operations are located in North America, South America, and Indonesia. It every region listed above, it has several copper mines whose finances it optimizes to ensure that it maintains a strong balance sheet. The mines in these regions include:
– Morenci ( it owns 72% of this mine’s undivided interest)
These copper mines in North America also produce molybdenum, gold and silver.
– Cerro Verde in Peru
– El Abra in Chile
Besides copper, Freeport also produces molybdenum concentrate, sulfide ore, and silver in the Cerro Verde Mines. The copper mined in both mines is also shipped to Atlantic Copper, which is Freeport’s smelting and refining unit based in Spain.
– Grasberg Minerals
FCX owns this mine through its subsidiary known as PT Freeport Indonesia (PT-FI). It produces copper and gold from this very mineral-rich property.
Freeport McMoRan takes pride in being a production company that deals with more than just one mineral. This goes a long way into the establishment of the much-needed diversity, as well as the increase of the total annual productivity which is reflected in the financial figures it presents at the end of the year. Freeport’s activities also benefit a variety of customers, who rely on the minerals to create products that the general public can rely on. As already stated above, Freeport’s mining activities produce the following minerals:
– Sulfide ore
Is it a genuine company?
Freeport McMoRan is a genuine company that operates in three regions of the world. Its presence in these regions works to clarify that it is indeed genuine since the different jurisdictions in the different countries are highly unlikely to accommodate lawbreaking companies. Freeport McMoRan also has its activities being run under very popular subsidiaries, including Cerro Verde, PT Indocopper Investama and PT Freeport Indonesia.
This company’s revenues are amongst the highest in the mining industry. In 2017, for instance, this company’s revenues surpassed the $16 billion mark. Such are the details that strengthen the claim that this company is a genuine one. In addition to that, this company’s top leaders are also popular figures in the media. The main ones include:
– Gerald J. Ford- Chairman
– Richard Adkerson- President & CEO
– Kathleen L. Quirk-CFO
If you are interested in growing your wealth through mining stocks, then you are in luck because Freeport McMoRan offers very lucrative stocks that you can rely on as an investor. This company has a market capitalization of $13.305 Billion (as of October 2019), a figure that is expected to increase. In order to benefit from this increase and growth, you can purchase its stocks that are offered through the New York Stock Exchange (NYSE), under the ticker FCX. Freeport’s stocks are also an S&P 500 component, which is a better option for investors looking for more stable paper assets.
This company’s mining stocks are a good investment option to go with, and can be relied upon by investors from all walks. That said, however, investing in mining stocks is not a walk in the park. One is required to gather sufficient knowledge to back up their decisions, lest they will suffer huge losses. With is why I would recommend that you rely on Resource Insider which gives you the very valuable investment options and guides you on which mining stocks’ investments to make. You do not have to second-guess your way to failure when you can actually make sure steps to success with this product from Capitalist Exploits.
Alternatives to Freeport McMoRan’s stocks
If you are conversant with the global stocks market, I am sure you can tell what happens whenever an economic crisis strikes. People have lost millions of dollars in the form of stocks over the year, during major stock market crashes resulting from events such as the Great Recession. What they may not have revealed to you so far is that the price of physical gold was actually making an upward trajectory. Which is why I would recommend that instead of purchasing paper assets, which you buy and invest in physical gold as a means to ensure that you do not lose your savings in the event the stocks market comes tumbling down. Gold IRA companies such as Regal Assets will gladly offer you the opportunity to open your own account, and to have them oversee your physical gold investment as you go about your daily activities with no qualms of conscience.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It may be wise to compare the positives against the negatives before making any investment decisions. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Diverse mineral production activities
– Long-lived mines that are geographically diverse
– Large market cap
– Huge annual revenues
– Its stocks may be affected greatly if a huge economic crisis occurs.
Do You Own or represent Freeport McMoRan?
If you are a representative, or associate of Freeport McMoRan and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Freeport McMoRan pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Freeport McMoRan to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com