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NYSE · US · Copper

FCX Freeport-McMoRan

Large copper producer

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$64.96
−0.34% today
1W
−6.9%
1M
−10.0%
3M
+5.6%
YTD
+29.1%
1Y
+58.5%
Off 52w high
−18.5%
Next earnings (est.): 2026-10-27
Market cap$93.60B
P/E (trailing)32.1Forward 15.0
EV / sales4.3×EV/EBITDA 11.6×
Revenue (TTM)$25.87BGrowth -7.3% y/y
Margins38.3%gross · op 33.4%
Free cash flow$2.16BCash $4.08B · debt $10.36B
Analyst target$79.20+21.9% upside · 22 analysts · buy
Riskβ 1.39Short 1.8% of float · yield 0.93%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

FCX · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-23EarningsBeat / raise

    Reported EPS 0.74 vs 0.62 expected (+18.7% surprise).

  2. 7
    2026-04-23EarningsBeat / raise

    Reported EPS 0.57 vs 0.47 expected (+21.9% surprise).

  3. 6
    2026-01-22EarningsBeat / raise

    Reported EPS 0.47 vs 0.32 expected (+46.7% surprise).

  4. 5
    2025-10-23EarningsBeat / raise

    Reported EPS 0.5 vs 0.41 expected (+22.8% surprise).

  5. 4
    2025-07-23EarningsBeat / raise

    Reported EPS 0.54 vs 0.44 expected (+21.8% surprise).

  6. 3
    2025-04-24EarningsBeat / raise

    Reported EPS 0.24 vs 0.23 expected (+4.6% surprise).

  7. 2
    2025-01-23EarningsBeat / raise

    Reported EPS 0.31 vs 0.22 expected (+43.2% surprise).

  8. 1
    2024-10-22EarningsBeat / raise

    Reported EPS 0.38 vs 0.37 expected (+2.8% surprise).

Alternative data that moves FCX

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-230.620.74+18.7%
2026-04-230.470.57+21.9%
2026-01-220.320.47+46.7%
2025-10-230.410.5+22.8%
2025-07-230.440.54+21.8%
2025-04-240.230.24+4.6%
2025-01-230.220.31+43.2%
2024-10-220.370.38+2.8%
2024-07-230.380.46+21.3%
2024-04-230.280.32+12.9%
2024-01-240.230.27+17.1%
2023-10-190.340.39+15.1%
2023-07-200.360.35−1.4%
2023-04-210.450.52+16.2%
2023-01-250.470.52+9.9%
2022-10-200.270.26−4.0%
2022-07-210.650.58−11.3%
2022-04-210.921.07+16.1%
2022-01-260.940.96+2.1%
2021-10-210.810.89+9.9%
2021-07-220.750.77+2.2%
2021-04-220.510.51−0.4%
2021-01-260.40.39−1.4%
2020-10-220.210.29+36.6%

About Freeport-McMoRan

Website ↗

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.

29,000 employees · Phoenix, United States

Grids, transformers, data centres and EVs all draw on copper. New mines take a decade or more; grades are falling.

Mine→Concentrate→Smelter→Cathode

What would prove us wrong. Weakens if demand forecasts for grids and data centres fall while mine supply surprises up.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
SCCO
Southern Copper
Large copper reserves $187.0+1.06%−8.3%+36.4%
TECK
Teck Resources
Copper growth projects $60.34+2.18%−8.7%+26.6%
IVN.TO
Ivanhoe Mines
High-grade Kamoa-Kakula copper C$9.25+0.98%−22.6%−40.7%
ANTO.L
Antofagasta
Chilean copper producer 3,171.0p+4.04%−15.0%−3.3%
BHP
BHP Group
Largest copper miner by resources $78.78+1.20%−7.3%+36.0%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.