Inside the research
Freeport-McMoRan Inc.
FCX Research profile · latest available data
Price overview
$72.31
▲ +0.23 (+0.3%)
| 52w hi | $79.91 |
|---|---|
| 52w lo | $34.96 |
| Vol | 7.54M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.23
| Short | +0.33 |
|---|---|
| Medium | +0.20 |
| Long | +0.10 |
computed 2026-09-27
Key fundamentals
Freeport-McMoRan Inc.
Basic Materials · Copper
| Market cap | $103.84B |
|---|---|
| Enterprise value | $122.23B |
| Trailing P/E | 35.45x |
| Forward P/E | 17.46x |
| EV / EBITDA | 12.79x |
| P / S (ttm) | 4.01x |
| Profit margin | 11.4% |
| Return on equity | 14.8% |
| Revenue growth | -7.3% |
| Earnings growth | +28.1% |
| Debt / equity | 32.15 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.25 | |
| Sector | -0.02 | |
| Technical | +0.20 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Risk Metrics
| Beta vs SPX | 1.74 |
|---|---|
| Corr SPX | 0.58 |
| Annual vol | 48.2% |
| Annual ret | +36.0% |
| Sharpe | 0.75 |
| Max DD | -43.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $67.52 |
|---|---|
| High / Low | $76.00 / $31.00 |
| Median | $68.00 |
| Analysts | 21 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 13 | |
| Hold | 3 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-04 | Citigroup | → Buy |
| 2026-04-24 | Morgan Stanley | → Equal-Weight |
| 2026-04-15 | Wells Fargo | → Overweight |
| 2026-04-14 | Scotiabank | → Sector Outperform |
| 2026-04-09 | JP Morgan | → Overweight |
| 2026-04-02 | Goldman Sachs | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-23 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-10 | Shareholder Vote | read |
| 2026-05-20 | Material Agreement, Termination of Agreement… | read |
| 2026-04-23 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-23 | Officer / Director Change | read |
| 2026-02-24 | Other Material Event, Exhibits | read |
| 2026-01-22 | Earnings Release, Reg FD Disclosure… | read |
| 2026-01-16 | 1.04 | read |
| 2025-11-18 | Reg FD Disclosure, Other Material Event… | read |
| 2025-10-23 | Earnings Release, Reg FD Disclosure… | read |
| 2025-10-06 | Reg FD Disclosure, Exhibits | read |
| 2025-09-24 | Reg FD Disclosure, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 91.3% |
| HHI | 2,688 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $4.18B | 66.49M |
| Fidelity / FMR LLC | $1.31B | 20.90M |
| Capital Research / Capital World | $1.05B | 16.76M |
| Millennium Management | $1.02B | 16.22M |
| Citadel Advisors | $792.90M | 12.61M |
| AQR Capital Management | $746.53M | 11.93M |
| Renaissance Technologies | $48.33M | 768.51K |
| T. Rowe Price Group | $870.18K | 13.84M |
As of 2026-06-30
Connections
Subsidiarys: Atlantic Copper
Customers: Affiliated Co
Dividends
| Yield (TTM) | 0.62% |
|---|---|
| $ / share (TTM) | $0.45 |
| 5y CAGR | +64.4% |
Annual dividend per share
| 2021 | $0.22 |
|---|---|
| 2022 | $0.60 |
| 2023 | $0.60 |
| 2024 | $0.60 |
| 2025 | $0.60 |
| 2026 | $0.30 |
SEC Filings
The Long Run
FY 2009–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $22.70B | +0.8% | |
| Operating income | $6.22B | -0.3% | |
| Cash from ops | $5.61B | +1.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $71.86 | $72.87 | $71.53 | $72.31 | 7.54M |
| Sep 24 | $71.55 | $72.73 | $71.00 | $72.08 | 9.14M |
| Sep 23 | $72.93 | $72.93 | $71.25 | $72.58 | 8.93M |
| Sep 22 | $72.65 | $74.90 | $72.10 | $74.35 | 8.39M |
| Sep 21 | $72.89 | $73.28 | $70.81 | $72.16 | 9.74M |
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