Freeport-McMoRan stock
FCXNYSEFreeport-McMoRan Inc., Basic MaterialsISIN US35671D8570
66Score 66 out of 100, Neutral
Price and trend
54 / 100
Price history
+51% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 4.8% below it.
Since July 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 44).
The price is 22% below its 52-week high. Largest decline in 20 years: 94% (May 2008 to January 2016).
Chart figures for advanced users
- SMA 50$69.04
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$65.24
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)44
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$39.00
- The lowest closing price of the last twelve months.
- Resistance$79.91
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Freeport-McMoRan Inc. belongs to the Copper industry (United States) and, with a market value of $89.3B, is number 2 of 15 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $25.74B (up 1.1% year on year) and earnings of $2.2B (up 17%).
- For fiscal 2026, analysts expect on average revenue of $29.81B (up 15.8%) and adjusted earnings per share of $3.16 (up 80.4%).
Show more
- MEQIRI Score 66 out of 100 (Neutral): rank 127 of 467 in Basic Materials, median 58.
- The P/E is 26 (Copper median 10.7, own median of recent years 22.5).
- Our model puts fair value at $44.28, with the price 40% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 30.1% a year since 2020.Growth 85
- Analysts expect strong earnings growthUp 22.3% a year through 2028 (estimates from 13 analysts).Growth 85
Weaknesses
- Richly valuedP/E 26, Copper median 10.7, own median 22.5.Valuation 43
- Volatile share priceVolatility 48% a year over the last 12 months.
Its standout strengths are growth and stability, while valuation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 65 to 66.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high growth grade (crashed more often in the backtest)
Valuation
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $31.63 and expensive above $73.80 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $63.02 (cash-flow model) and $25.54 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $39.12, at 7.8% it would be $52.01.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (10.7).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 1.7% on the twelve months before. Revenue has grown solidly since 2006, at about 8% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 27%, operating 24%, net 9%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 28 Jan 2027in 77 days
- Last reported
- 27 Oct 2026EPS reported $0.88 (expected $0.82)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $3.16+0.8%
- Revenue
- $29.81B0.0%
- Earnings per share
- $4.30+0.8%
- Revenue
- $36.32B+0.4%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook mixed
Share price after the results: +2.2%Freeport-McMoRan lowered its 2026 copper sales guidance by about 2% due to shortfalls in the U.S. and Chile and raised 2027 capex by about $400 million to $5.2 billion, while confirming strong 2027 growth of over 20% in copper and more than 50% in gold.
“For the year 2027, we expect annual growth in copper sales of over 20% compared with 2026 and more than a 50% increase in gold volumes, with additional growth in 2028 of 10% for copper and 20% for gold.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 27 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 4 insiders sold, $8.39M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Freeport-McMoRan
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 66
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Copper
The next larger and next smaller companies by market value
- Southern CopperSCCO $147.29B76
- Teck ResourcesTECK $30.78B66
- First Quantum MineralsFM.TO $20.11B40
- Lundin MiningLUN.TO $18.37B71
- Jiangxi Copper600362.SS $17.05B54
- KGHM Polska MiedzKGH.WA $14.55B65
- Tongling Nonferrous Metals Group000630.SZ $9.95B54
- Hudbay MineralsHBM $9.74B61
ETFs that hold Freeport-McMoRan
Held by 87 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)ZPDM | 7.73% | 0.15% | €52.49M |
| iShares S&P 500 Materials Sector UCITS ETF2B7B | 7.31% | 0.15% | €180.37M |
| Global X Copper Miners UCITS ETF4COP | 4.52% | 0.55% | €909.23M |
Show 5 more
| VanEck S&P Global Mining UCITS ETF A USDWMIN | 4.43% | 0.50% | €1.98B |
| Xtrackers MSCI World Materials UCITS ETF 1CXDWM | 2.98% | 0.25% | €715.95M |
| Amundi Global Gender Equality UCITS ETF AccVOOM | 0.53% | 0.20% | €55.72M |
| WisdomTree US Quality Dividend Growth UCITS ETF USD AccWTDM | 0.46% | 0.33% | €721.26M |
| iShares Dow Jones Global Leaders Screened UCITS ETF USD (Acc)IUSL | 0.45% | 0.60% | €2.02B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.