(FCX) Freeport-McMoran Copper - NYSE
Sector: Basic Materials | Industry: Copper | Exchange: NYSE (USA) | Market Cap: 92.579m USD | Total Return: 45.7% in 12m
Avg Turnover: 938M
EPS Trend: 30.7%
Qual. Beats: 4
Rev. Trend: 95.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality
Freeport-McMoRan Inc. (NYSE: FCX) is a U.S.-based mining company that explores for and produces copper, gold, molybdenum, silver, and other metals, with operations spanning North America, South America, and Indonesia. Its asset portfolio includes the Grasberg minerals district in Indonesia, multiple open-pit copper mines in Arizona (Morenci, Bagdad, Safford, Sierrita, and Miami), New Mexico (Chino and Tyrone), and Colorado (Henderson and Climax), as well as Cerro Verde in Peru and El Abra in Chile. The company was incorporated in 1987, is headquartered in Phoenix, Arizona, and was renamed from Freeport-McMoRan Copper & Gold Inc. to Freeport-McMoRan Inc. in July 2014.
FCX is classified within the Materials sector (GICS) and the Copper sub-industry, and is considered a large-cap equity. As a major global copper producer, the companys revenue is heavily tied to copper prices and global industrial demand, making earnings cyclical and sensitive to economic conditions in construction, manufacturing, and energy infrastructure. The Grasberg mine in Indonesia is historically one of the worlds largest copper and gold mining operations, underscoring the companys significant exposure to a single large-scale asset.
- Copper prices rally on tightening global supply outlook
- Grasberg mine expansion lifts gold and copper production volumes
- Indonesia export permit and royalty policy risks escalate
| Net Income: 2.73b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 7.77 > 1.0 |
| NWC/Revenue: 30.98% < 20% (prev 32.10%; Δ -1.12% < -1%) |
| CFO/TA 0.10 > 3% & CFO 6.05b > Net Income 2.73b |
| Net Debt (7.37b) to EBITDA (9.59b): 0.77 < 3 |
| Current Ratio: 2.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.44b) vs 12m ago 0.0% < -2% |
| Gross Margin: 27.80% > 18% (prev 27.36%; Δ 0.44% > 0.5%) |
| Asset Turnover: 46.00% > 50% (prev 43.70%; Δ 2.30% > 0%) |
| Interest Coverage Ratio: 17.68 > 6 (EBIT TTM 7.30b / Interest Expense TTM 413.0m) |
| A: 0.14 (Total Current Assets 14.1b - Total Current Liabilities 5.91b) / Total Assets 58.8b |
| B: 0.03 (Retained Earnings 2.05b / Total Assets 58.8b) |
| C: 0.13 (EBIT TTM 7.30b / Avg Total Assets 57.4b) |
| D: 0.71 (Book Value of Equity 19.5b / Total Liabilities 27.3b) |
| Altman-Z'' = 2.63 = A |
| DSRI: 1.45 (Receivables 2.05b/1.31b, Revenue 26.4b/24.5b) |
| GMI: 0.98 (GM 27.36% / 27.80%) |
| AQI: 1.15 (AQ_t 0.06 / AQ_t-1 0.05) |
| SGI: 1.08 (Revenue 26.4b / 24.5b) |
| TATA: -0.06 (NI 2.73b - CFO 6.05b) / TA 58.8b) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of June 29, 2026, the stock is trading at USD 62.45 with a total of 13,793,915 shares traded. Over the past week, the price has changed by -9.07%, over one month by -5.19%, over three months by +14.52% and over the past year by +45.74%.
Current recommended Stop Loss: 58.10 (which is 7% or 1.4 ATR below the current price).
Freeport-McMoran Copper has received a consensus analysts rating of 4.32. Therefore, it is recommended to buy FCX.
- StrongBuy: 13
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 70.5 | 12.9% |
P/E Trailing = 34.0741
P/E Forward = 25.641
P/S = 3.504
P/B = 5.1009
P/EG = 4.6606
Revenue TTM = 26.4b USD
EBIT TTM = 7.30b USD
EBITDA TTM = 9.59b USD
Long Term Debt = 8.91b USD (from longTermDebt, last quarter)
Short Term Debt = 500.0m USD (from shortTermDebt, last quarter)
Debt = 11.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 987.0m
Net Debt = 7.37b USD (calculated: Debt 11.4b - CCE 4.02b)
Enterprise Value = 99.9b USD (92.6b + Debt 11.4b - CCE 4.02b)
Interest Coverage Ratio = 17.68 (Ebit TTM 7.30b / Interest Expense TTM 413.0m)
EV/FCF = 16.00x (Enterprise Value 99.9b / FCF TTM 6.25b)
FCF Yield = 6.25% (FCF TTM 6.25b / Enterprise Value 99.9b)
FCF Margin = 23.64% (FCF TTM 6.25b / Revenue TTM 26.4b)
Net Margin = 10.34% (Net Income TTM 2.73b / Revenue TTM 26.4b)
Gross Margin = 27.80% ((Revenue TTM 26.4b - Cost of Revenue TTM 19.1b) / Revenue TTM)
Gross Margin QoQ = 26.55% (prev 18.05%)
Tobins Q-Ratio = 1.70 (Enterprise Value 99.9b / Total Assets 58.8b)
Interest Expense / Debt = 3.63% (Interest Expense 413.0m / Debt 11.4b)
Taxrate = 33.38% (2.37b / 7.11b)
NOPAT = 4.86b (EBIT 7.30b * (1 - 33.38%))
Current Ratio = 2.39 (Total Current Assets 14.1b / Total Current Liabilities 5.91b)
Debt / Equity = 0.58 (Debt 11.4b / totalStockholderEquity, last quarter 19.5b)
Debt / EBITDA = 0.77 (Net Debt 7.37b / EBITDA 9.59b)
Debt / FCF = 1.18 (Net Debt 7.37b / FCF TTM 6.25b)
Total Stockholder Equity = 18.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.76% (Net Income 2.73b / Total Assets 58.8b)
RoE = 14.52% (Net Income TTM 2.73b / Total Stockholder Equity 18.8b)
RoCE = 26.32% (EBIT 7.30b / Capital Employed (Equity 18.8b + L.T.Debt 8.91b))
RoIC = 9.33% (NOPAT 4.86b / Invested Capital 52.1b)
WACC = 11.38% (E(92.6b)/V(104b) * Re(12.48%) + D(11.4b)/V(104b) * Rd(3.63%) * (1-Tc(0.33)))
Discount Rate = 12.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -39.44 | Cagr: 0.0%
[DCF] Terminal Value 68.82% ; FCFF base≈4.39b ; Y1≈5.03b ; Y5≈7.40b
[DCF] Fair Price = 45.25 (EV 72.4b - Net Debt 7.37b = Equity 65.1b / Shares 1.44b; r=11.38% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 30.67 | EPS CAGR: 4.41% | SUE: 2.07 | # QB: 4
Revenue Correlation: 94.98 | Revenue CAGR: 6.83% | SUE: 0.86 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.59 | Chg30d=+5.32% | Revisions=+20% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.77 | Chg30d=+5.44% | Revisions=+20% | Analysts=11
EPS current Year (2026-12-31): EPS=2.77 | Chg30d=+5.73% | Revisions=+20% | GrowthEPS=+56.5% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=3.93 | Chg30d=+5.64% | Revisions=+33% | GrowthEPS=+41.8% | GrowthRev=+20.3%
[Analyst] Revisions Ratio: +33%