Freeport-McMoRan Faces Lawsuit Risk as Stock Plummets Following Fatal Incident
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Safety Concerns Exposed: Freeport-McMoRan's inadequate safety measures at the Grasberg mine led to seven workers being trapped on September 9, 2025, causing a 5.9% drop in stock price to $43.89, highlighting significant deficiencies in the company's safety management.
- Fatal Incident Consequences: Following the tragic death of two workers on September 24, 2025, the stock plummeted 17% to $37.67, reflecting investor fears regarding the company's safety protocols and operational outlook.
- Regulatory Risks Intensified: As the Indonesian government escalates demands for greater control over Freeport, the stock fell another 6.2% to $35.34 on September 25, indicating strained relations that could adversely affect future operations and profitability.
- Legal Action Threat: Faruqi & Faruqi LLP is investigating potential claims against Freeport, urging investors to apply as lead plaintiffs in a class action by January 12, 2026, suggesting that the company's legal challenges may further impact its market performance.
FCX
$53.105+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: 51.920
Low
44.00
Averages
48.82
High
58.00
Current: 51.920
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.
