(FCX) Freeport-McMoran Copper - Ratings and Ratios

Freeport-McMoRan Inc. (NYSE:FCX) is a leading global mining company specializing in the extraction of copper, gold, molybdenum, silver, and other minerals. With operations spanning North America, South America, and Indonesia, the company holds significant assets, including the Grasberg minerals district in Indonesia—one of the world’s largest copper and gold mines. In North America, its portfolio includes the Morenci, Bagdad, Safford, Sierrita, and Miami mines in Arizona; the Chino and Tyrone mines in New Mexico; and the Henderson and Climax mines in Colorado. Additionally, FCX operates the Cerro Verde mine in Peru and the El Abra mine in Chile, further solidifying its position as a major player in global copper production. The company, incorporated in 1987 and headquartered in Phoenix, Arizona, was previously known as Freeport-McMoRan Copper & Gold Inc. before changing its name in July 2014 to reflect its broader mineral focus.

From a technical perspective, FCX is currently trading at $32.90, below its SMA 20 ($35.51), SMA 50 ($36.83), and SMA 200 ($41.77), indicating bearish momentum. The Average True Range (ATR) of 2.13 suggests moderate volatility. Resistance levels at 47.1, 43.8, 37.6, and 33.7, coupled with support at 30.0, highlight a potential trading range. Fundamentally, FCX’s market cap of $47.28 billion reflects its large-cap status, with a P/E ratio of 25.31 and a forward P/E of 17.99, signaling expectations of improved future earnings. The P/B ratio of 2.69 and P/S ratio of 1.86 suggest moderate valuation, while an RoE of 10.74% indicates reasonable profitability.

3-Month Forecast: - Technical Outlook: FCX is likely to face resistance at 33.7 and 37.6, with potential downside risk to 30.0 if support fails. The bearish crossover of SMA 20 below SMA 50 and SMA 200, combined with rising ATR, suggests heightened volatility and a possible downtrend. - Fundamental Outlook: Rising copper demand driven by renewable energy and EV adoption could support prices, but FCX’s valuation multiples may remain under pressure due to macroeconomic headwinds. The company’s ability to maintain cost discipline and capitalize on higher copper prices will be key factors in its near-term performance.