Freeport, Tsingshan said near $2.8B Indonesian copper smelter deal

  • Freeport McMoRan (NYSE:FCX) is finalizing an agreement with China's Tsingshan Holding to build a $2.8B copper smelter in Indonesia's Weda Bay.
  • The proposed smelter also would produce sulfate acid for lithium batteries, to support the government's ambition to build an electric vehicle supply chain in the country, says Luhut Pandjaitan, coordinating minister for maritime and investment affairs.
  • If the project moves forward as planned, and with a separate nickel smelter running, Indonesia could produce lithium batteries by 2023, according to the minister.

    Freeport McMoran fundamentals

    For this year the company, located in Phoenix Solar revenue will be around 19.93 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2019's revenue of 14.2 billion USD.

    Historical revenues and results Freeport-McMoran plus estimates 2020

    aandelenanalyse

    The analysts expect for 2020 a net profit of 3.24 billion USD. For this year most of the analysts expect a profit per share of 2.15 USD. Based on this the price/earnings-ratio is 14.89.

    Per share the analysts expect a dividend of 25 cents per share. Thus the dividend yield equals 0.78 percent. The average dividend yield of the mining companies is a low 0.42 percent.

    Based on the current number of outstanding shares Freeport-McMoran 's market capitalization is 46.46 billion USD. The Freeport-McMoran stock was the past 12 months quite volatile. Since last February the stock is even 158 percent higher. This year the stock price moved between 5 and 32 dollar.

    Historical stock prices Freeport-McMoran past 10 years

    fundamental data freeport-mcmoran

    Click here for dividend Freeport-McMoran. At 20.20 the stock trades 1.8 percent lower at 32.02 USD.

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