FCX Stock Analysis: Freeport-McMoran Copper | NYSE
Copper | NYSE, USA | Market Cap: 103.451m USD | 12M Return: 82% | US35671D8570 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 780M
EPS Trend: 59.8%
Qual. Beats: 5
Rev. Trend: 91.7%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Freeport-McMoRan Inc. (FCX) is a large-cap U.S.-based mining company headquartered in Phoenix, Arizona, operating within the Materials sector. The company explores for and produces copper, gold, molybdenum, silver, and other metals, with a geographically diversified portfolio of assets spanning North America, South America, and Indonesia. Its flagship operation is the Grasberg minerals district in Indonesia, widely recognized as one of the worlds largest copper and gold mining complexes, while its North American footprint includes major sites in Arizona, New Mexico, and Colorado. Additional international operations include Cerro Verde in Peru and El Abra in Chile. The company was incorporated in 1987 and rebranded from Freeport-McMoRan Copper & Gold Inc. to its current name in July 2014, reflecting its broader multi-commodity focus. As one of the worlds largest copper producers, FCX is positioned in a sector closely tied to global infrastructure, electrical applications, and the energy transition, given coppers essential role in electrification and renewable energy systems.
- Copper prices rally on electrification and AI data center demand
- Grasberg mine output disruptions impact copper and gold segment volumes
- Indonesia royalty and export policy changes pressure unit cost margins
| Net Income: 2.94b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.61 > 1.0 |
| NWC/Revenue: 28.25% < 20% (prev 31.54%; Δ -3.29% < -1%) |
| CFO/TA 0.10 > 3% & CFO 5.92b > Net Income 2.94b |
| Net Debt (7.25b) to EBITDA (9.00b): 0.81 < 3 |
| Current Ratio: 2.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.44b) vs 12m ago -0.07% < -2% |
| Gross Margin: 26.85% > 18% (prev 28.50%; Δ -1.65% > 0.5%) |
| Asset Turnover: 44.52% > 50% (prev 45.49%; Δ -0.97% > 0%) |
| Interest Coverage Ratio: 16.08 > 6 (EBIT TTM 6.85b / Interest Expense TTM 426.0m) |
| A: 0.12 (Total Current Assets 14.2b - Total Current Liabilities 6.86b) / Total Assets 59.7b |
| B: 0.05 (Retained Earnings 2.82b / Total Assets 59.7b) |
| C: 0.12 (EBIT TTM 6.85b / Avg Total Assets 58.1b) |
| D: 0.73 (Book Value of Equity 20.1b / Total Liabilities 27.5b) |
| Altman-Z'' = 2.52 = A |
| DSRI: 0.50 (Receivables 716.0m/1.42b, Revenue 25.9b/25.7b) |
| GMI: 1.06 (GM 28.50% / 26.85%) |
| AQI: 1.21 (AQ_t 0.06 / AQ_t-1 0.05) |
| SGI: 1.01 (Revenue 25.9b / 25.7b) |
| TATA: -0.05 (NI 2.94b - CFO 5.92b) / TA 59.7b) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of October 06, 2026, the stock is trading at USD 72.60 with a total of 13,698,524 shares traded. Over the past week, the price has changed by +0.89%, over one month by -5.25%, over three months by +19.31% and over the past year by +82.00%.
Current recommended Stop Loss: 65.20 (which is 10.2% or 2.6 ATR below the current price).
Freeport-McMoran Copper has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy FCX.
- StrongBuy: 12
- Buy: 6
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 72.8 | 0.2% |
P/E Trailing = 35.3137
P/E Forward = 18.1488
P/S = 3.9992
P/B = 5.1831
P/EG = 4.5363
Revenue TTM = 25.9b USD
EBIT TTM = 6.85b USD
EBITDA TTM = 9.00b USD
Long Term Debt = 8.17b USD (from longTermDebt, last quarter)
Short Term Debt = 1.22b USD (from shortTermDebt, last quarter)
Debt = 11.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 973.0m
Net Debt = 7.25b USD (calculated: Debt 11.3b - CCE 4.08b)
Enterprise Value = 111b USD (103b + Debt 11.3b - CCE 4.08b)
Interest Coverage Ratio = 16.08 (Ebit TTM 6.85b / Interest Expense TTM 426.0m)
EV/FCF = 18.70x (Enterprise Value 111b / FCF TTM 5.92b)
FCF Yield = 5.35% (FCF TTM 5.92b / Enterprise Value 111b)
FCF Margin = 22.88% (FCF TTM 5.92b / Revenue TTM 25.9b)
Net Margin = 11.38% (Net Income TTM 2.94b / Revenue TTM 25.9b)
Gross Margin = 26.85% ((Revenue TTM 25.9b - Cost of Revenue TTM 18.9b) / Revenue TTM)
Gross Margin QoQ = 31.10% (prev 26.55%)
Tobins Q-Ratio = 1.85 (Enterprise Value 111b / Total Assets 59.7b)
Interest Expense / Debt = 3.76% (Interest Expense 426.0m / Debt 11.3b)
Taxrate = 31.12% (2.07b / 6.65b)
NOPAT = 4.72b (EBIT 6.85b * (1 - 31.12%))
Current Ratio = 2.07 (Total Current Assets 14.2b / Total Current Liabilities 6.86b)
Debt / Equity = 0.56 (Debt 11.3b / totalStockholderEquity, last quarter 20.1b)
Debt / EBITDA = 0.81 (Net Debt 7.25b / EBITDA 9.00b)
Debt / FCF = 1.23 (Net Debt 7.25b / FCF TTM 5.92b)
Total Stockholder Equity = 19.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.07% (Net Income 2.94b / Total Assets 59.7b)
RoE = 15.26% (Net Income TTM 2.94b / Total Stockholder Equity 19.3b)
RoCE = 24.95% (EBIT 6.85b / Capital Employed (Equity 19.3b + L.T.Debt 8.17b))
RoIC = 8.94% (NOPAT 4.72b / Invested Capital 52.8b)
WACC = 11.63% (E(103b)/V(115b) * Re(12.62%) + D(11.3b)/V(115b) * Rd(3.76%) * (1-Tc(0.31)))
Discount Rate = 12.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.14 | Cagr: -0.03%
[DCF] Terminal Value 68.12% ; FCFF base≈5.20b ; Y1≈5.96b ; Y5≈8.77b
[DCF] Fair Price = 53.04 (EV 83.4b - Net Debt 7.25b = Equity 76.2b / Shares 1.44b; r=11.63% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 59.79 | EPS CAGR: 11.73% | SUE: 2.53 | # QB: 5
Revenue Correlation: 91.73 | Revenue CAGR: 5.62% | SUE: 1.42 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.74 | Chg30d=+1.70% | Revisions=-25% | Analysts=11
EPS current Year (2026-12-31): EPS=3.05 | Chg30d=+0.87% | Revisions=+83% | GrowthEPS=+72.2% | GrowthRev=+14.5%
EPS next Year (2027-12-31): EPS=4.16 | Chg30d=+0.53% | Revisions=+17% | GrowthEPS=+36.4% | GrowthRev=+19.2%
[Analyst] Revisions Ratio: +36% (up=27, down=12)