Freeport-McMoRan Inc.
Freeport-McMoRan Inc. (XETRA: FPMB) is trading at €63.37, about ₹6,920 at today's EUR/INR rate, as of 25 Sep 2026, 11:35 AM ET, up 0.59% today. Indian residents can buy Freeport-McMoRan from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€62.91
Today's high
€63.68
52 week low
€30.80
52 week high
€68.86
FPMB opened at €63.51, closed previously at €63.00, and has traded between €30.80 and €68.86 over the past 52 weeks.
About
Freeport-McMoRan Inc. operates as a prominent global mining entity, focusing on the extraction of a broad spectrum of minerals and energy resources across North America, South America, and Indonesia. The company primarily delves into the exploration and production of essential commodities such as copper, gold, molybdenum, and silver, alongside other metals, as well as oil and natural gas. Its extensive operational footprint includes the notable Grasberg minerals district in Indonesia. Within North America, key sites are located in Arizona (Morenci, Bagdad, Safford, Sierrita, and Miami), New Mexico (Tyrone and Chino), and Colorado (Henderson and Climax). In South America, its assets encompass the Cerro Verde mine in Peru and El Abra in Chile. Furthermore, Freeport-McMoRan maintains a significant portfolio of oil and gas assets, primarily situated in offshore California and the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company was formerly recognized as Freeport-McMoRan Copper & Gold Inc., adopting its current name, Freeport-McMoRan Inc., in July 2014.
Key statistics
Avg. volume
6.94K
Market cap
€91.10B
P/E Ratio
35.62
Price-to-sales ratio
4.02
Enterprise value
$110.21B
Free cash flow yield
5.69%
Debt-to-equity ratio
0.52
Return on equity
15.26%
ROIC
8.80%
Beta
1.38
Dividend yield
0.83%
Last dividend
€0.52
Financial overview
Revenue
$25.92B
Earnings per share
$1.53
Free cash flow
$1.12B
Net profit margin
11.38%
Gross margin
26.85%
EBITDA
$8.95B
Revenue growth
1.81%
Similar securities
This is not an investment recommendation
How to buy Freeport-McMoRan from India
Indian residents can buy Freeport-McMoRan shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to EUR.
Search for Freeport-McMoRan and place an order
Find Freeport-McMoRan by name or by its ticker, FPMB, and choose an order type. Freeport-McMoRan trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Freeport-McMoRan position in EUR and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Freeport-McMoRan from India
Trading and taxes when buying Freeport-McMoRan from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Freeport-McMoRan’s current yield is 0.83%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Freeport-McMoRan stock?
Yes. Freeport-McMoRan (FPMB) has been listed on XETRA since 2003, in the Copper industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Freeport-McMoRan share cost in rupees?
One Freeport-McMoRan share is €63.37 — about ₹6,920 at an EUR/INR rate of 109.20 on 26 Sep 2026. Both the Freeport-McMoRan price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Freeport-McMoRan from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Freeport-McMoRan shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Freeport-McMoRan price. Paasa issues a capital-gains statement for your return.
Does Freeport-McMoRan pay a dividend, and how is it taxed in India?
Yes. Freeport-McMoRan pays a dividend and the current yield is 0.83%; the last declared dividend was €0.52 per share, about ₹56.77. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Freeport-McMoRan from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Is Freeport-McMoRan a Germany company, and does that change how it is taxed?
Freeport-McMoRan trades on XETRA in EUR, but the company is domiciled in United States. Freeport-McMoRan trades as an ordinary share listed directly in Germany, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Freeport-McMoRan shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Freeport-McMoRan holding, its cost and its closing value.
How do I sell Freeport-McMoRan and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Freeport-McMoRan?
Yes. Freeport-McMoRan is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.