Freeport-McMoRan/$FCX
Freeport-McMoRan shares fall as investors weigh its reduced copper-sales outlook amid the Grasberg recovery against softer copper prices and renewed doubts about AI-driven demand.
51 minutes agoLightyear AI
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Capital at risk
About Freeport-McMoRan
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 56% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
- Ticker
- $FCX
- Sector
- Materials
- Primary listing
- NYSE
- Employees
- 29,000
- Headquarters
- Phoenix, United States
- Website
- fcx.com
Freeport-McMoRan Metrics
BasicAdvanced
$95B
27.79
$2.38
1.39
$0.60
0.45%
Price and volume
Market cap
$95B
Beta
1.39
52-week high
$80.24
52-week low
$38.54
Average daily volume
11M
Dividend rate
$0.60
Financial strength
Current ratio
2.017
Quick ratio
0.786
Long term debt to equity
0.258
Total debt to equity
0.308
Dividend payout ratio (TTM)
25.14%
Interest coverage (TTM)
22.37%
Profitability
EBITDA (TTM)
9,959
Gross margin (TTM)
38.85%
Net profit margin (TTM)
13.03%
Operating margin (TTM)
28.60%
Effective tax rate (TTM)
28.54%
Revenue per employee (TTM)
$910,000
Management effectiveness
Return on assets (TTM)
7.99%
Return on equity (TTM)
15.72%
Valuation
Price to earnings (TTM)
27.79
Price to revenue (TTM)
3.594
Price to book
4.41
Price to tangible book (TTM)
4.41
Price to free cash flow (TTM)
48.715
Free cash flow yield (TTM)
2.05%
Free cash flow per share (TTM)
1.358
Dividend yield (TTM)
0.91%
Forward dividend yield
0.45%
Growth
Revenue change (TTM)
1.69%
Earnings per share change (TTM)
67.63%
3-year revenue growth (CAGR)
5.21%
10-year revenue growth (CAGR)
6.59%
3-year earnings per share growth (CAGR)
16.67%
10-year earnings per share growth (CAGR)
-9.92%
10-year dividend per share growth (CAGR)
28.21%
What the Analysts think about Freeport-McMoRan
Analyst ratings (Buy, Hold, Sell) for Freeport-McMoRan stock.
Analyst projections of the future price of Freeport-McMoRan stock.
Bulls say / Bears say
Grasberg’s recovery is advancing: mill throughput reached about 67% of normal rates in Q3, and Freeport still targets 80% capacity by mid-2027 and near-full capacity by year-end. That ramp-up is expected to support a sharp rise in copper sales next year. (Freeport-McMoRan)
Freeport’s Q3 results show it can generate substantial cash even while Grasberg is recovering: it reported $1.2 billion of net income and $2.0 billion of operating cash flow, with net debt of $1.8 billion. Management expects full-year operating cash flow of about $8.5 billion, based on its stated commodity-price assumptions. (SEC)
Growth options at existing assets could add copper without relying only on new mines: leach initiatives produced 156 million pounds in the first nine months of 2026, with a 300-million-pound target for 2027. A proposed Bagdad expansion could add another 200–250 million pounds a year, subject to an investment decision. (SEC)
Grasberg remains a major execution risk: Q3 throughput was only about 67% of normal rates after the fatal 2025 mud rush, and near-full capacity is not expected until the end of 2027. Further delays could prolong the hit to copper and gold volumes. (Freeport-McMoRan)
Costs are rising while production remains constrained: Q3 unit net cash costs increased to $2.07 per pound from $1.40 a year earlier, and the company recorded $244 million in separate idle-facility, recovery and restoration costs. Higher energy and other input costs add further pressure on margins. (SEC)
Freeport cut its copper sales forecasts for both 2026 and 2027, citing weaker US and Chilean output for this year and updated mine plans for next year. The lower outlook makes the expected volume rebound less certain, even with Grasberg ramping up. (The Northern Miner)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Freeport-McMoRan Financial Performance
Revenues and expenses
Freeport-McMoRan Earnings Performance
Company profitability
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Funds containing Freeport-McMoRan
AllUSDEURGBP
Fund name | Fund size | $FCX weighting |
|---|---|---|
iShares S&P 500 Materials Sector£IMSU | $218M | 8.50% |
iShares S&P 500 Materials Sector€2B7B | $218M | 8.50% |
iShares Copper Miners€CEBS | $601M | 8.39% |
iShares Copper Miners£MINE | $601M | 8.39% |
iShares Essential Metals Producers€CEBT | $987M | 6.94% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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