Freeport-McMoRan Inc. is an international mining company. Co. operates geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposits, and significant mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Its segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. We show 64 historical shares outstanding datapoints in our FCX shares outstanding history coverage, used to compute FCX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FCX market cap history over the course of time is important for investors
interested in comparing FCX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FCX versus a peer is one thing; comparing
FCX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FCX can fluctuate over the course of history.
With this page we aim to empower investors researching FCX by allowing them to research the FCX market cap history. |
Free FCX Email Alerts:
Video: The Importance of Market Cap
