Freeport-McMoRan Inc. (FCX) Stock Price, News, Analysis

Technical Score (1D)

SELL

News Sentiment

BULLISH

FCX announced a significant expansion of molybdenum production at its Climax and Henderson mines, marking a shift in its commodity mix. The expansion is aimed at meeting the projected growth of the molybdenum market, which is expected to exceed $8.69 billion by 2035. This growth is largely driven by the rising demand for high‑strength steel alloys used in infrastructure, automotive, and energy projects. By increasing molybdenum output, FCX can capture a larger share of this expanding market, potentially boosting its overall revenue mix. The higher molybdenum mix is expected to improve margins, as molybdenum typically commands a premium over base metals. In the short term, the expansion could influence FCX’s earnings outlook, as higher production costs and capital expenditures may offset margin gains. Traders should monitor the company’s upcoming quarterly molybdenum production figures to gauge the pace of the expansion. Additionally, any updates on the development progress at Climax and Henderson mines will be key to assessing the operational feasibility of the expansion. Watching these metrics will help determine whether FCX’s molybdenum strategy translates into tangible upside over the next 1–10 trading days.

FCX|Analyst Targets

LOW TARGET

$30 -55.8%

1 analysts

MEAN TARGET

$72 +6.2%

19 analysts

HIGH TARGET

$83 +22.3%

11 analysts

PRICE RANGE

$30.00 - $83.00

SB / B / H / S / SS

5/19/5/1/1

DAILYIQ EST.

$76.29 (+12.4%)

FCX|Company Info

Sector

Basic Materials

Industry

Copper

Exchange

NYQ

Country

United States

Website

fcx.com

Symbol

FCX

Description

Freeport-McMoRan Inc. is a leading global mining enterprise focused on the extraction of essential metals. The company's core business revolves around the exploration and production of copper, gold, molybdenum, and silver, among other valuable resources. Freeport-McMoRan's diverse portfolio includes significant mining operations across North and South America, as well as in Indonesia, including the prominent Grasberg minerals district. Key assets are located in Arizona (Morenci, Bagdad, Safford, Sierrita, and Miami), New Mexico (Chino and Tyrone), Colorado (Henderson and Climax), Peru (Cerro Verde), and Chile (El Abra). Incorporated in 1987 and headquartered in Phoenix, Arizona, Freeport-McMoRan Inc. continues to be a major player in the global mining industry.

FCX|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

110,398 shares

$8.4M

KENNARD LYDIA H-

Sell3,798 shares2026-08-27

Currault Douglas N. IIEVP & General Counsel

Option Exercise15,000 shares2026-08-25

Currault Douglas N. IIEVP & General Counsel

Option Exercise65,000 shares2026-08-25

Currault Douglas N. IIEVP & General Counsel

Sell80,000 shares2026-08-25

Currault Douglas N. IIEVP & General Counsel

Option Exercise15,000 shares2026-08-25

FCX|Fundamentals

Neutral / mixed

Verdict: Neutral

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Net Margin

3.4%

Revenue CAGR

2.1%

Current Ratio

2.29x

Debt / Equity

0.50x

Return on Equity

4.6%

FCX|Earnings Snapshot

Earnings Summary

Freeport-McMoRan Inc. is a leading global mining enterprise focused on the extraction of essential metals, primarily copper, gold, molybdenum, and silver, with operations spanning North and South America and Indonesia, positioning it as a key player in the basic materials sector. In the most recent two quarters, FCX reported revenue of $7.083 billion in Q4 2025 and $6.234 billion in Q1 2026, a modest year‑over‑year increase from $5.682 billion in Q4 2024 and $5.728 billion in Q1 2025, while EPS rose from $0.47 in Q4 2025 to $0.57 in Q1 2026, surpassing estimates of $0.29 and $0.48 respectively; the company consistently beat EPS estimates in each of the last four quarters, with actual EPS exceeding forecasts by 0.02–0.15. Historically, FCX has maintained a steady upward trajectory in revenue growth, with a 12‑month average increase of roughly 15% and a pattern of beating earnings estimates while revenue growth has occasionally lagged behind the copper price rally; the company’s cost base has remained relatively stable, allowing margin expansion in high‑grade copper assets. Recent news highlights the early ramp‑up of a new Indonesian smelter, a potential catalyst for future copper output, and the sustained copper price rally near an all‑time high of $6.9 per pound, which has bolstered revenue outlooks and raised questions about cost control; the smelter’s operational milestones will be a key watch item over the next trading days. Investors should watch for the company’s next earnings release to assess whether the smelter’s progress translates into higher production volumes, monitor cost‑control initiatives amid rising operating expenses, and track any shifts in copper supply constraints that could further tighten the market, as these factors will shape FCX’s ability to sustain its earnings momentum and support its valuation narrative.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$0.72	-	-
Q2'26	$0.60	$0.74	+24.2%
Q1'26	$0.48	$0.57	+19.4%
Q4'25	$0.29	$0.47	+62.0%
Q3'25	$0.41	$0.50	+22.8%
Q2'25	$0.44	$0.54	+21.8%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$7.4B	-	-
Q2'26	$6.8B	$7.0B	+2.9%
Q1'26	$6.0B	$6.2B	+4.6%
Q4'25	$5.4B	$5.6B	+4.1%
Q3'25	-	$7.0B	-
Q2'25	-	$7.6B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

FCX|Monthly Returns

Market Data

FCX Stock Snapshot

HOLD41/100

$67.80−$1.75 (2.5%)

Market cap: 99.69B
P/E ratio: 33.9
Day range: $67.61 – $69.40
News sentiment: 65/100 · Bullish
Analyst target: $72.05 (+6.3%)
Consensus: Buy · 31 analysts

52-week range+94.0% off low · -15.6% from high

$34.95$80.36

Price $67.80 DailyIQ Est. $76.29

Freeport-McMoRan Inc. is consolidating: price is in the upper part of its 52-week range without a decisive push either way. In Basic Materials, names this size usually take direction from sector flows before company-level news.

Reverse DCF

What growth is priced into FCX?

RICH

At today's price, Freeport-McMoRan Inc. needs to grow free cash flow about 63.8% a year for the next 10 years to justify its valuation at a 12.05% cost of capital. Over its actual history it has compounded free cash flow at 1.9% a year, so the market is asking for 61.9 percentage points above its own delivered rate. On that basis FCX looks priced above what its own growth record supports.

Implied FCF growth: 63.8%
Historical FCF CAGR: 1.9%
Growth gap: +61.9 pts
Verdict: RICH
Discount rate (WACC): 12.05%
Beta: 1.56

Behaviour On Record

What FCX's own history says about today's numbers

Realized volatility (21d): 53.3% 72nd pct
Below its peak: -13.1%
vs 200-day average: +12.3%
Up days (1y): 54%

Freeport-McMoRan Inc. is currently running 53.3% annualised volatility over the last 21 sessions. Measured against FCX's own 13 years of daily returns rather than a market-wide average, that is the 72nd percentile — a little above its own norm, against a typical reading of 41.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

FCX is trading -13.1% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -42.5%, and the deepest was -74.3% in 2015. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +12.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 68th percentile — a somewhat wider gap than its own norm. Over the past year FCX closed higher on 54% of sessions, and it is currently 4 sessions into a falling streak.

On September specifically: over 13 years of records, FCX finished the month higher 4 of 13 times, with a median return of -2.8% and an average of -1.5%. Its strongest month historically has been February at +7.8% on average, its weakest January at -3.5%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: FCX has opened more than 2% away from the prior close in 226 of 3,267 sessions (6.9% of the time), with the largest gaps running +10.6% and -7.8%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, FCX moved an average of 1.9% in the session after earnings, closing higher 1 of those 3 times, with a median move of -1.8% and a largest of +2.1%.

All figures computed from 3,268 daily closes between 2013-09-16 and 2026-09-14, split-adjusted, recomputed daily. Percentiles are against FCX's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of FCX's sector?

Freeport-McMoRan Inc. sits in the Materials sector, currently ranked 7th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank: #7 of 11
Sector state: Lagging
Sector rotation score: 20

Analyst Rating Changes

Are analysts turning bullish or bearish on FCX?

Bernstein most recently reiterated its rating on Freeport-McMoRan Inc. to Market Perform on Sep 9, 2026 with a price target of $47 (from $50). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: Bernstein — Market Perform
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 9, 2026	Bernstein	Maintained	Market Perform	$50 → $47
Jul 27, 2026	Barclays	Maintained	Overweight	$80 → $82
Jul 24, 2026	Wells Fargo	Maintained	Overweight	$68 → $70
Jul 24, 2026	RBC Capital	Maintained	Sector Perform	$70 → $73
Jul 16, 2026	Barclays	Maintained	Overweight	$77 → $80
Jul 9, 2026	Goldman Sachs	Maintained	Buy	$75 → $74
Jul 9, 2026	JP Morgan	Maintained	Overweight	$73 → $77
Jul 9, 2026	B of A Securities	Maintained	Buy	$74 → $80
Jul 8, 2026	Morgan Stanley	Maintained	Equal-Weight	$66 → $70
Jun 30, 2026	UBS	Maintained	Buy	$75 → $77
Jun 15, 2026	Scotiabank	Maintained	Sector Outperform	$67 → $77
Jun 10, 2026	Bernstein	Maintained	Market Perform	$54 → $59

Held by These ETFs

FCX is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

65/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Freeport-McMoRan (FCX) is positioned for a significant upside as the company recovers from its Grasberg mine slowdown. Analysts project a 10% free cash flow yield, supporting a 35% price target lift to $97 by 2027. The bullish thesis hinges on a structural copper bull market and improved mine economics. This development signals a material upside for investors and could prompt a revaluation of FCX’s valuation multiples.

What did this article say?

Freeport-McMoRan (FCX) is expanding its molybdenum production from the Climax and Henderson mines to meet a projected market growth to $8.69 billion by 2035, driven by demand for high‑strength steel alloys in infrastructure, automotive and energy sectors. The company’s increased output is expected to strengthen its commodity mix and support margin expansion. Investors should monitor the company’s quarterly molybdenum production figures and any updates on the Climax and Henderson mine development plans.

What did this article say?

Freeport‑McMoRan (FCX) is positioned to capture upside from a copper‑AI supercycle driven by rising electrification and AI demand, which has pushed copper prices higher this year. The company’s large production base and strong cash flow support continued growth, but supply constraints and geopolitical risks could temper gains. Analysts view the macro tailwinds as a solid driver for FCX’s earnings, though they caution that any slowdown in AI adoption or supply disruptions could erode the upside. The report concludes with a bullish stance on FCX, highlighting valuation attractiveness and growth prospects.

What did this article say?

Freeport‑McMoRan shares fell 6.6% after investors reacted to uncertainty over a potential U.S. copper tariff that could boost the company’s U.S. copper sales. The tariff, which management said would raise prices for U.S. copper, has not yet been decided by the White House, leading to a broader sell‑off in copper miners. The decline reflects a short‑term headwind rather than a fundamental shift in the company’s operations or financials. Traders should monitor the U.S. Treasury’s tariff decision and copper price movements for further impact on FCX’s revenue mix.

What did this article say?

Freeport‑McMoRan (FCX) participated in a Jefferies Global Industrials Conference, delivering a standard presentation without announcing new guidance, contracts, or material operational changes. The briefing focused on routine corporate updates and market context, offering no new catalysts for the stock. Investors should note the absence of forward‑looking data and await subsequent releases for actionable insights.

What did this article say?

Freeport‑McMoRan’s shares climbed 20% in the first half of 2026, driven by higher realized copper prices that offset lower sales volumes. The company’s Q2 earnings beat expectations, supported by resilient demand and supply concerns that keep copper prices elevated. Technical indicators show a bullish trend with the 50‑day SMA above the 200‑day SMA, suggesting continued upside momentum. The performance outpaces peers and the broader market, reinforcing FCX’s position as a leading copper producer.

What did this article say?

Freeport‑McMoRan plans to ramp up its Indonesian Grasberg mine to 65% capacity in the second half of 2026, aiming for 80% by mid‑2027 and near‑full output by year‑end 2027. The company is also deploying leaching technology that could unlock up to 40 billion pounds of recoverable copper, potentially raising U.S. production by roughly 60% over the next three to four years. These initiatives are expected to materially boost FCX’s copper supply and revenue, with a possible $500 million annual benefit from the federal 45X tax credit.

What did this article say?

Freeport‑McMoRan’s stock fell 6.6% to $71.21, lagging the broader market’s modest decline. The dip reflects short‑term volatility rather than a fundamental shift, as analysts still project a 46% YoY earnings growth to $0.73 per share for the quarter and a 10% revenue rise to $7.07 billion. The company’s year‑to‑date performance outpaces the Basic Materials sector, suggesting resilience despite the market pullback.

What did this article say?

Freeport‑McMoRan (FCX) shares fell more than 5% in pre‑market trading after copper prices slipped from an all‑time high. The three‑month copper price on the London Metal Exchange dipped 0.2% to $14,743 per metric ton, following five consecutive sessions of gains. The decline reflects tightening inventories outside the U.S. and concerns that higher copper could trigger tariff responses. The move signals a short‑term headwind for FCX’s copper revenue, though the company’s long‑term exposure remains largely unchanged.

What did this article say?

Copper prices fell sharply after hitting a record high, sending U.S.-listed copper miners lower in premarket trading. Freeport-McMoRan (FCX) experienced an 8% drop, reflecting the broader market sell‑off. The decline follows uncertainty over U.S. refined copper tariffs, which could raise manufacturing costs and dampen demand. Investors should monitor the White House tariff decision and subsequent copper price movements for further impact on FCX’s revenue outlook.

Technical Analysis

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NEUTRAL

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Institutional & Hedge Fund Ownership

25 tracked managers · $40.65B combined position · 15 adding, 8 trimming, 2 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
BlackRock, Inc.	▼ Sell	122,922,104	8.36%	$7.73B	2026-08-07
Vanguard Group Inc	▲ Buy	130,332,957	8.86%	$6.62B	2026-01-29
Fisher Asset Management, LLC	▲ Buy	66,922,014	4.55%	$4.21B	2026-08-04
Capital Research Global Investors	▲ Buy	41,503,051	2.82%	$2.61B	2026-08-12
Bank of America Corp	▼ Sell	36,401,174	2.48%	$2.29B	2026-08-14
Geode Capital Management, LLC	▲ Buy	32,558,233	2.21%	$2.04B	2026-08-12
JPMorgan Chase & Co	▲ Buy	32,031,342	2.18%	$1.97B	2026-08-12
Morgan Stanley	▼ Sell	25,994,123	1.77%	$1.63B	2026-08-13
FMR LLC (Fidelity)	▲ Buy	20,904,897	1.42%	$1.31B	2026-08-13
Millennium Management LLC	▲ Buy	16,219,270	1.10%	$1.02B	2026-08-14
Susquehanna International Group, LLP	▼ Sell	15,931,420	1.08%	$1.00B	2026-08-14
Northern Trust Corp	▼ Sell	14,969,697	1.02%	$941.44M	2026-08-13
Wellington Management Group LLP	▲ Buy	14,918,066	1.01%	$938.20M	2026-08-14
Goldman Sachs Group Inc	▼ Sell	14,796,416	1.01%	$930.55M	2026-08-14
Invesco Ltd.	▲ Buy	13,544,937	0.92%	$851.84M	2026-08-14
Citadel Advisors LLC	• Hold	12,607,749	0.86%	$792.90M	2026-09-02
AQR Capital Management LLC	▲ Buy	11,927,335	0.81%	$746.53M	2026-08-14
Janus Henderson Group plc	• Hold	11,498,267	0.78%	$675.90M	2026-05-18
Citigroup Inc	▲ Buy	7,270,002	0.49%	$457.21M	2026-08-03
D. E. Shaw & Co., Inc.	▼ Sell	7,116,240	0.48%	$447.54M	2026-08-14
Two Sigma Investments, LP	▼ Sell	5,629,516	0.38%	$354.04M	2026-08-14
Neuberger Berman Group LLC	▲ Buy	5,090,048	0.35%	$319.48M	2026-08-13
Wells Fargo & Company	▲ Buy	5,033,985	0.34%	$316.59M	2026-08-14
Marshall Wace, LLP	▲ Buy	3,554,060	0.24%	$223.51M	2026-08-13
Balyasny Asset Management L.P.	▲ Buy	3,377,611	0.23%	$212.42M	2026-08-14

Q2 2026 flow:25.44M sh bought ($1.59B)13.54M sh sold ($851.60M)net +11.90M sh (+$736.69M)

Congressional Trading Activity

12 disclosed trades · ~$120.5K est. traded value · 6 buys, 6 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Josh Gottheimer	House	NJ05	▲ Buy	$1K - $15K	2026-04-15	2026-05-19
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2025-11-18	2025-12-15
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2025-10-17	2025-11-18
Lisa McClain	House	MI09	▼ Sell	$1K - $15K	2025-09-25	2025-10-22
Lisa McClain	House	MI09	▲ Buy	$1K - $15K	2025-08-13	2025-09-12
Ritchie John Torres	House	NY15	▼ Sell	$1K - $15K	2025-07-11	2025-08-20
Bruce Westerman	House	AR04	▼ Sell	$1K - $15K	2025-04-21	2025-05-12
Jefferson Shreve	House	IN06	▼ Sell	$15K - $50K	2025-04-07	2025-05-08
Julie Johnson	House	TX32	▼ Sell	$1K - $15K	2025-04-01	2025-05-14
Bruce Westerman	House	AR04	▲ Buy	$1K - $15K	2025-03-03	2025-04-16
Rob Bresnahan	House	PA08	▼ Sell	$1K - $15K	2025-02-25	2025-03-27
Julie Johnson	House	TX32	▲ Buy	$1K - $15K	2025-02-12	2025-03-12

FCX·Freeport-McMoRan Inc.

EPS

Revenue

FCX Stock Snapshot

What growth is priced into FCX?

What FCX's own history says about today's numbers

Is money rotating into or out of FCX's sector?

Are analysts turning bullish or bearish on FCX?

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Market Status

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Economic Events

Earnings Events

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FCX·Freeport-McMoRan Inc.

EPS

Revenue

FCX Stock Snapshot

What growth is priced into FCX?

What FCX's own history says about today's numbers

Is money rotating into or out of FCX's sector?

Are analysts turning bullish or bearish on FCX?

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News