Freeport McMoRan Shares Rise 2.09%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
0mins
Should l Buy FCX?
Mixed options sentiment in Freeport McMoRan (FCX), with shares up $1.18, or 2.09%, near $57.66. Options volume roughly in line with average with 21k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.69. Implied volatility (IV30) dropped 1.03 near 56.19, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.04. Put-call skew flattened, suggesting a modestly bullish tone.
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Analyst Views on FCX
Wall Street analysts forecast FCX stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 58.780
Low
46.00
Averages
58.79
High
70.00
Current: 58.780
Low
46.00
Averages
58.79
High
70.00
About FCX
Freeport-McMoRan Inc. is a metals company. The Company operates assets with reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposit; and operations in the United States, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Its segments include Cerro Verde copper mine, Indonesia operations and United States Rod & Refining operations. It produces copper concentrate, cathode and continuous cast copper rod. Its copper ore from mines is processed by smelting and refining or by solution extraction and electrowinning (SX/EW). It produces copper cathodes at an electrolytic refinery located in El Paso, Texas. The SX/EW cathode is produced from the Morenci, Bagdad, Safford, Sierrita, Miami, Chino and Tyrone mines in the United States, and from the Cerro Verde and El Abra mines in South America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Potential for Rebound: Despite short-term pressures on silver prices, analysts believe that the exit of 'weak hands' from the market may lead to a rebound, with KKM's Kilburg projecting prices could rise to $90 to $100 per ounce if U.S.-Iran relations improve.
- Growing Industrial Demand: Despite market fluctuations, the demand for silver in industrial applications continues to grow, while its supply remains relatively scarce; Boockvar noted that the difficulty in mining silver could drive prices higher in the future.
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Chile's Copper Output Hits Nine-Year Low
- Copper Production Decline: Chile's copper output in February was 378,554 metric tons, marking an 8.5% decrease from January and a 4.8% drop year-over-year, the lowest since March 2017, highlighting setbacks in accessing higher-grade ore.
- Global Supply Impact: As the world's largest copper producer, Chile accounts for approximately 25% of global mined supply, and its production decline exacerbates supply constraints that drove prices to record highs in January before easing in February amid Middle East tensions.
- Futures Market Reaction: The front-month Comex copper futures contract (HG1:COM) for May delivery rose 1.9% to $5.609/lb, indicating market sensitivity to copper price fluctuations and potential future volatility.
- Stock Performance: Amid rising copper prices, Freeport-McMoRan (FCX) increased by 6.4%, Southern Copper (SCCO) by 5.9%, and Ero Copper (ERO) by 5.5%, reflecting growing investor confidence in the copper sector.
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