Key facts, as of
As of October 7, 2026, Freeport-McMoRan (FCX) trades at $72.00, up 76.9% over the past year. Its 52-week range runs from $38.54 to $80.24; the price is 10.3% below that high. It is 10.3% below its all-time high of $80.24, reached in August 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +615.7%, against +312.9% for the S&P 500 (SPY). It sits 12.5% above its 200-day average of $63.98, the usual sign of a long-term uptrend. Its 30-day volatility is 33.4% annualized, which we rate high risk. It has a trailing P/E of 35.5 and a dividend yield of 0.83%.
Cite: Portfolio Terminal, "Freeport-McMoRan (FCX) stock analysis", 2026-10-07. https://portfolio-terminal.com/analyse/fcx
Where it trades today
trading 80% of the way up its 52-week range
How the price has moved
How far it is from its record
Freeport-McMoRan (FCX) is 10.3% below its all-time high of $80.24, reached in August 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +615.7%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Freeport-McMoRan should be monitored through the lens of its industry cycle, capital allocation, and relative positioning against listed peers.
- FCX trades at 35.5x earnings, well above the basic materials average of 14.0x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 33.4%, above the sector norm of 28.0%, so position sizing matters more than usual.
- FCX remains in a bearish short-term trend and sits 10.3% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- FCX is more useful for investors comparing conviction names inside basic materials than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in FCX.
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
Methodology
- Price, market cap, beta, yield, and liquidity fields for FCX come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Basic Materials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as LIN, APD, ECL.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for FCX. Last refresh: Oct 7, 2026, 7:21 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as LIN, APD, ECL.
What Freeport-McMoRan does
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.
What analysts expect
FCX carries a buy consensus from 22 analysts, with an average price target of $76.64 versus $72.00 today (+6.4%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
FCX generated $25.87B in trailing revenue (-7.3% year over year), with a 11.4% net margin, and $2.16B of free cash flow, against $6.28B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $25.91B | $7.30B | $6.50B | $2.20B | $1.54 | $1.12B |
| 2024 | $25.45B | $7.66B | $6.86B | $1.89B | $1.31 | $2.35B |
| 2023 | $22.86B | $7.16B | $6.22B | $1.85B | $1.29 | $455.00M |
| 2022 | $22.78B | $7.69B | $7.03B | $3.47B | $2.43 | $1.67B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
FCX is in 5 of the 30 ETFs we track. It weighs most in VTV: 0.40% of the fund, holding #68 of 306.
How it sits in basic materials
Commodity-driven sector including mining, chemicals, and construction materials.
The companies it competes with
FCX beside the basic materials names it is usually measured against.
What the chart is saying
In an uptrend, pressing toward $74.67 resistance.
uptrend- Price is 1.2% above its 50-day average and 12.5% above its 200-day.
- RSI at 51 is neither stretched nor washed out.
- The nearest ceiling is $74.67 (+3.7%), the nearest floor $69.35 (-3.7%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is FCX a good investment in 2026?
Freeport-McMoRan trades at a P/E ratio of 35.5, with high volatility (33.4% annualized). Recent trend shows weakness.
What is the risk level of FCX?
Based on 30-day volatility of 33.4%, FCX has HIGH risk. Beta of 1.39 indicates higher sensitivity to market movements than average.
Does FCX pay dividends?
Yes, Freeport-McMoRan has a dividend yield of 0.83%.
How far is FCX from its all-time high?
Freeport-McMoRan is 10.3% below its all-time high of $80.24, reached in August 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +615.7%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold FCX?
5 of the 30 popular ETFs we track hold Freeport-McMoRan. The largest weights: VTV (0.40%), VOO (0.16%), IVV (0.16%), SPY (0.16%) and VTI (0.15%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is FCX?
0.16%, as of August 31, 2026: FCX is holding #109 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $1.65 in Freeport-McMoRan.
What is the analyst price target for FCX?
The average analyst price target for Freeport-McMoRan (FCX) is $76.64 based on 22 analyst estimates, about 6.4% above the current price of $72.00. The published range runs from $30.00 to $92.00.
How much revenue does FCX generate?
Freeport-McMoRan reported $25.87B in trailing twelve-month revenue. Revenue growth is running at -7.3% year over year. Net margin sits at 11.4%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare FCX with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.