Freeport-McMoRan Faces Class Action Lawsuit Over Safety Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Lawsuit Background: Freeport-McMoRan is facing a class action lawsuit for failing to ensure safety at the Grasberg mine in Indonesia between 2022 and 2025, which allegedly exposed workers to fatal risks and seeks damages for affected investors.
- Legal Risks: The lawsuit claims that the company did not disclose safety hazards, which heightened regulatory, litigation, and reputational risks, potentially impacting future operations and investor confidence.
- Investor Losses: As the true details emerged, investors reportedly suffered losses, and the lawsuit aims to recover damages for those who purchased Freeport securities during the class period.
- Call to Action: Investors are encouraged to apply to be lead plaintiffs by January 12, 2026, to participate in any potential recovery from the lawsuit.
FCX
$51.92+Infinity%1D
Analyst Views on FCX
Wall Street analysts forecast FCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCX is 48.82 USD with a low forecast of 44.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 51.900
Low
44.00
Averages
48.82
High
58.00
Current: 51.900
Low
44.00
Averages
48.82
High
58.00
About FCX
Freeport-McMoRan Inc. is an international metals company focused on copper. The Company operates geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum. The Company's segments include the Morenci and Cerro Verde copper mines, the Indonesia operations (including the Grasberg minerals district and PT-FI’s downstream processing facilities), the Rod & Refining operations and Atlantic Copper Smelting & Refining. Its operations include North America, South America and Indonesia. In North America, it manages seven copper operations: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. It also operates a copper smelter in Miami, Arizona. In South America, it manages two copper operations: Cerro Verde in Peru and El Abra in Chile. In addition to copper, the Grasberg minerals district also produces gold and silver.
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.
