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FCX

Freeport-McMoRan Inc
$
44.800
+0.34(0.765%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
44.935
Open
44.850
VWAP
44.74
Vol
13.55M
Mkt Cap
64.34B
Low
44.200
Amount
606.47M
EV/EBITDA(TTM)
9.30
Total Shares
1.44B
EV
80.89B
EV/OCF(TTM)
12.79
P/S(TTM)
2.60
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.
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Market Estimates

Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q2
FY2025Q3
FY2025Q4
6.85B
+3.43%
0.456
-0.88%
6.90B
+1.61%
0.516
+35.91%
7.09B
+23.97%
0.582
+87.9%
Estimates Revision
The market is revising Upward the revenue expectations for Freeport-McMoRan Inc. (FCX) for FY2025, with the revenue forecasts being adjusted by 5.14% over the past three months. During the same period, the stock price has changed by 35.96%.
Revenue Estimates for FY2025
Revise Upward
up Image
+5.14%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
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+0.56%
In Past 3 Month
Stock Price
Go Up
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+35.96%
In Past 3 Month
13 Analyst Rating
up Image
3.08% Upside
Wall Street analysts forecast FCX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCX is 46.18 USD with a low forecast of 39.00 USD and a high forecast of 54.00  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.
10 Buy
3 Hold
0 Sell
Strong Buy
up Image
3.08% Upside
Current: 44.800
sliders
Low
39.00
Averages
46.18
High
54.00
Morgan Stanley
Morgan Stanley
Overweight -> Equal Weight
downgrade
$45 -> $54
2025-07-15
New
Reason
Morgan Stanley downgraded Freeport-McMoRan to Equal Weight from Overweight with a price target of $54, up from $45. The firm views the risk/rewards on copper equities as less compelling following the outperformance since April 8. It cites macro and growth concerns, as well valuation, for the downgrade of several names in the space.
UBS
Daniel Major
Buy -> Neutral
downgrade
$45 -> $50
2025-07-11
Reason
UBS analyst Daniel Major downgraded Freeport-McMoRan to Neutral from Buy with a price target of $50, up from $45. While UBS remains constructive on the medium-term outlook for copper, it expects softening in demand and fundamentals to weigh on prices over the next six months. The firm now sees a balanced risk/reward on Freeport shares with potential downside to copper prices.
JPMorgan
Bill Peterson
Overweight
maintain
$42 -> $56
2025-07-09
Reason
JPMorgan analyst Bill Peterson raised the firm's price target on Freeport-McMoRan to $56 from $42 and keeps an Overweight rating on the shares. The firm increased the price target as part of a Q2 earnings preview for base metals. It increased copper price targets to reflect higher commodity pricing and easing recession risk.
Scotiabank
Orest Wowkodaw
Outperform
maintain
$48 -> $52
2025-07-09
Reason
Scotiabank analyst Orest Wowkodaw raised the firm's price target on Freeport-McMoRan to $52 from $48 and keeps an Outperform rating on the shares. The firm believes Freeport-McMoRan is the biggest winner of punitive Copper tariffs givens its domestic production and exposure to premium Comex prices, the analyst tells investors.
Citi
Neutral
maintain
$44 -> $48
2025-07-08
Reason
Citi raised the firm's price target on Freeport-McMoRan to $48 from $44 and keeps a Neutral rating on the shares as part of a Q2 earnings preview. The firm also added an "upside 90-day catalyst watch" on the shares. Citi expects a 25% tariff on copper in the next 90 days, and believes Freeport will be the "only real winner" in the copper group given its large U.S. operations.
Stifel
Ralph Profiti
Buy
initiated
$56
2025-07-08
Reason
Stifel analyst Ralph Profiti initiated coverage of Freeport-McMoRan with a Buy rating and $56 price target. The firm, which has a "tactical" gold price target of $3,800/oz on a six to twelve month view, argues that gold equities can "go much higher" compared to the price of gold and S&P 500. On copper, which the firm says is "under-owned," it advises increased exposure to take advantage of heightened supply stresses and estimates the incentive copper price is $5.00/lb.

Valuation Metrics

The current forward P/E ratio for Freeport-McMoRan Inc (FCX.N) is 19.46, compared to its 5-year average forward P/E of 18.73. For a more detailed relative valuation and DCF analysis to assess Freeport-McMoRan Inc 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PE
18.73
Current PE
19.46
Overvalued PE
24.78
Undervalued PE
12.68

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average EV/EBITDA
6.78
Current EV/EBITDA
6.30
Overvalued EV/EBITDA
7.64
Undervalued EV/EBITDA
5.93

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PS
2.23
Current PS
2.18
Overvalued PS
2.63
Undervalued PS
1.83

Financials

Annual
Quarterly
FY2025Q1
YoY :
-9.38%
5.73B
Total Revenue
FY2025Q1
YoY :
-19.76%
1.32B
Operating Profit
FY2025Q1
YoY :
-31.93%
791.00M
Net Income after Tax
FY2025Q1
YoY :
-27.27%
0.24
EPS - Diluted
FY2025Q1
YoY :
-100.71%
-5.00M
Free Cash Flow
FY2025Q1
YoY :
-11.69%
26.29
Gross Profit Margin - %
FY2025Q1
YoY :
+38.70%
8.10
FCF Margin - %
FY2025Q1
YoY :
-24.70%
13.84
Net Margin - %
FY2025Q1
YoY :
-3.57%
5.13
ROIC

Trading Trends

Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
343.5K
USD
1
3-6
Months
0.0
USD
0
6-9
Months
583.9K
USD
1
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areBuying! The buying amount has increased 4898.59% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
185.8K
Volume
3
6-9
Months
2.9M
Volume
9
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
13
17.5M
Volume
Months
6-9
5
350.4K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
105.0K
USD
7
6-9
Months
0.0
USD
0
0-12
Months
8.0K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
3
24.0K
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

FCX News & Events

Events Timeline

2025-07-16 (ET)
2025-07-16
07:47:43
Freeport-McMoRan, Amarc launch 2025 Aurora, Joy copper-gold district drilling
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2025-07-13 (ET)
2025-07-13
12:50:12
Trump's planned copper tariffs to include refined metal, Bloomberg says
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link
2025-07-10 (ET)
2025-07-10
16:09:45
Mixed options sentiment in Freeport McMoRan with shares up 3.5%
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News

3.0
07-18CNBC
Magnificent Seven earnings kick off next week with stocks near all-time highs
4.5
07-18Benzinga
CNBC Halftime Report Final Trades: RTX Corporation, Netflix, Freeport-McMoran
8.5
07-17Reuters
Spain's Zelestra aims to power Peru mines with $1 billion renewables investment
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FAQ

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The current price of FCX is 44.8 USD — it has increased 0.76 % in the last trading day.

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