Insider buying last 90 days
No open-market insider purchases were filed for FCX in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every FCX insider filing, plotted on the chart in Gekko.Open FCX in Gekko
NYSE: FCX
Freeport-McMoRan (FCX) Stock Analysis & Forecast
Nov 4 close
$62.60+0.83 (+1.3%)
Gekko Brief
AI summaryNov 4 closeFreeport-McMoRan dominated headlines this week with board approval of a $4.5 billion expansion at its Bagdad copper and molybdenum operation in Arizona, aimed at more than doubling mining and milling rates and positioning the site as the second-largest copper mine in the U.S., with annual production targeted toward 5 billion pounds company-wide. The move follows a Q3 report in which copper sales rose for a third straight quarter and consolidated net income climbed over 80% year-over-year, with Grasberg reaching 67% ramp-up. Separate commentary noted 2027 copper sales volumes are expected to grow over 20%, alongside new leaching additives showing improved lab recoveries.
FCX closed at $62.60, up 1.3% on the day, sitting between its 50-day average of $70.64 and 200-day average of $65.25, with one-month returns down 13.7% and three-month returns down 8.2%, though six-month performance is up 2.8% and the one-year return stands at 52%. The GekkoIndex reads 68, placing the stock in the Accumulation zone, up 4 points over five days. Price sits 7.4% below Gekko Fair Value of $67.61.
The next earnings date falls on 28 January 2027, 84 days out, beyond a typical 20-day holding window. In the last 30 days, one unusual options signal appeared, with call premium of $2,529,110 against put premium of $199,962. Seasonally, the next 20 trading days have averaged a 4.8% gain over 5 years, rising in 3 of those years. Analyst consensus among 16 firms stands at 12 buy and 4 hold ratings, with a consensus target of $78.75.
Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.
Freeport-McMoRan price vs fair value
Close $62.60200-day averageGekko Fair Value $67.61
Freeport-McMoRan quick facts
- Market cap
- $89.99B
- P/E ratio
- 26.5
- Forward P/E
- 15.2
- EPS, TTM
- $2.38
- Revenue, TTM
- $26.44B
- Profit margin
- 13%
- Dividend yield
- 0.96%
- Beta
- 1.37
- Volume
- 11.30M avg 10.71M
- 1-year return
- +52.0%
- Typical daily move
- ±4.1%
- Typical 20-day move
- ±8%
- 50-day average
- $70.64
- 200-day average
- $65.25
- Next earnings
- Jan 28
- Shares outstanding
- 1.44B
Freeport-McMoRan swing-trade checklist
Freeport-McMoRan scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
5 supportive1 mixed0 headwinds
- Trendmixed
Averages disagree
Close $62.60 sits between the 50-day ($70.64) and 200-day ($65.25) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
68, Accumulation
Reading 68 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
7.4% below
Price is 7.4% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneysupportive
Leans bullish
Last 30 days: 1 unusual options signal.
See smart money - Earnings risksupportive
Reports in 84 days
Next report Jan 28, 2027, 84 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+4.8% on average
From this point in the calendar, the next 20 trading days averaged +4.8% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Freeport-McMoRan stock chart and price history
Freeport-McMoRan closed at $62.60 on Nov 4, 2026, +52.0% over the past year, inside a 52-week range of $38.54 to $80.24.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −13.7%
- 3 months
- −8.2%
- 6 months
- +2.8%
- 1 year
- +52.0%
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About Freeport-McMoRan
Freeport-McMoRan searches for and extracts minerals, with copper as its main focus alongside gold, molybdenum, silver and other metals. It runs mining operations across North America, South America and Indonesia, and it is known for the Grasberg minerals district in Indonesia, one of the larger deposits in its holdings.
The company's asset base spans several regions. In the United States it operates sites such as Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, along with Tyrone and Chino in New Mexico and Henderson and Climax in Colorado. Its South American holdings include Cerro Verde in Peru and El Abra in Chile. Beyond mining, Freeport-McMoRan also holds oil and gas properties off the California coast and in the Gulf of Mexico, a segment that included roughly 135 wells as of the end of 2021.
The company traces back to 1987 and is based in Phoenix, Arizona. It took on its present name, Freeport-McMoRan Inc., in July 2014, after operating previously as Freeport-McMoRan Copper & Gold Inc. Its shares are listed on the NYSE under the ticker FCX.
- Listed
- NYSE
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Website
- fcx.com
Freeport-McMoRan GekkoIndex: the smart money zone
Freeport-McMoRan’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 68, in the Accumulation zone, up 4 points over five sessions.
68Accumulation
Up 4 points over five sessions.
Reading for Nov 4, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 32 | +2.4% | +4.4% | ||
| Accumulation (current zone) | 214 | +1.5% | +4.7% | ||
| Neutral | 398 | −0.2% | +0.3% | ||
| Distribution | 52 | +1.6% | +7.2% | ||
| Selling | 1 | Too few readings yet | |||
Average FCX share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the FCX price, zone by zone.Track FCX in Gekko
Is Freeport-McMoRan stock overvalued? Gekko Fair Value
Freeport-McMoRan trades 7.4% below Gekko Fair Value of $67.61, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Freeport-McMoRan shares are worth, recalculated every trading day.
$67.61
Gekko Fair Value, Nov 4, 2026
7.4% Undervalued
At the end of Aug 2026 the price was 8.4% above the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open FCX in Gekko
Freeport-McMoRan insider and Congress trading
No open-market insider purchases were filed for Freeport-McMoRan, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in FCX were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for FCX, plotted on the chart in Gekko.Open FCX in Gekko
Buybacks
Freeport-McMoRan has been buying back its own shares.
- Bought back, quarter ended Sep 30, 2026
- $102.0M
- As a share of market cap
- 0.11%
- Trailing four quarters
- $412.0M
From company filings.
Unusual options activity last 30 days
1signal, 93% of the flagged premium in calls.
Latest: Bullish flow on Oct 31, $2.73M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
3of the funds Gekko tracks hold FCX.
2added1opened0trimmed2sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Freeport-McMoRan earnings: next date and track record
Freeport-McMoRan reports on Jan 28, 2027 (84 days away), and beat the EPS estimate in 8 of its last 8 reports.
Next earnings report
Jan 28, 2027
84 days away
- EPS estimate
- $1.09
- Revenue estimate
- $9.00B
8 of 8reports beat the EPS estimate
±3.8%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Oct 27, 2026 AI summary
- What they said
- FCX reported strong Q3 results with copper sales increasing for three consecutive quarters, consolidated net income up over 80% year-over-year, and U.S. mining operating income more than doubling versus prior year. Grasberg achieved 67% ramp-up with confidence building toward full scale. FCX returned nearly $1 billion to shareholders year-to-date, including $300 million in buybacks. Indonesia has expressed support for operating rights extension beyond 2041.
- Guidance
- Q4 copper sales expected to be strongest quarter of the year by far. Growing volumes in 2027 and 2028 are anticipated, supported by Grasberg ramp-up completion and organic growth projects, with significant cash flow increases expected to fund investments and shareholder returns.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Oct 27, 2026 | $0.88 est $0.82 | $7.55B est $7.36B | +2.2% |
| Jul 22, 2026 | $0.74 est $0.62 | $7.03B est $6.62B | +1.5% |
| Apr 23, 2026 | $0.57 est $0.47 | $6.23B est $5.73B | −13.2% |
| Jan 22, 2026 | $0.47 est $0.29 | $5.63B est $5.29B | −0.3% |
| Oct 23, 2025 | $0.50 est $0.42 | $6.97B est $6.71B | +1.4% |
| Jul 23, 2025 | $0.54 est $0.45 | $7.58B est $7.19B | −2.7% |
| Apr 24, 2025 | $0.24 est $0.24 | $5.73B est $5.39B | +6.1% |
| Jan 23, 2025 | $0.31 est $0.22 | $5.72B est $5.84B | −3.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Freeport-McMoRan stock forecast and analyst price targets
Analysts’ average 12-month price target for Freeport-McMoRan is $78.75, +25.8% from the last close, from 16 firms rating the stock in the last 90 days.
$78.75consensus 12-month target, +25.8% from the last close
Now $62.60Avg $78.75
Low $68High $90
Each firm’s latest rating in the last 90 days: 16 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Nov 2 | Freedom Capital Markets | $68 | +8.6% |
| Oct 29 | Barclays | $84 | +34.2% |
| Oct 28 | Morgan Stanley | $75 | +19.8% |
| Oct 28 | Scotiabank | $78 | +24.6% |
| Oct 28 | BMO Capital | $85 | +35.8% |
+4.7%average 20-day move after past Accumulation readings
+4.8%average move over the next 20 trading days in the last 5 years
±4.1%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Freeport-McMoRan seasonality: the next 20 trading days
Over the next 20 trading days from Nov 4, Freeport-McMoRan averaged +4.8% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +3.1% | 3 of 5 |
| Next 10 trading days | +1.2% | 4 of 5 |
| Next 15 trading days | +1.5% | 4 of 5 |
| Next 20 trading days | +4.8% | 3 of 5 |
| Next 30 trading days | +7.1% | 4 of 5 |
For scale, FCX’s typical 20-trading-day move in either direction is about 8%.
Freeport-McMoRan market cap and key statistics
Freeport-McMoRan’s market cap is $89.99B, with a P/E ratio of 26.5 and revenue of $26.44B over the last twelve months.
Valuation
- Market cap
- $89.99B
- P/E ratio
- 26.5
- Forward P/E
- 15.2
- EPS, TTM
- $2.38
- Gekko Fair Value
- $67.61
Trading
- Volume
- 11.30M
- Avg volume, 20 days
- 10.71M
- 52-week high
- $80.24
- 52-week low
- $38.54
- Shares outstanding
- 1.44B
Financials
- Revenue, TTM
- $26.44B
- Profit margin
- 13%
- Return on equity
- 15.7%
- Quarterly earnings growth, YoY
- +76.1%
Risk and income
- Beta
- 1.37
- Typical daily move
- ±4.1%
- Typical 20-day move
- ±8%
- Dividend yield
- 0.96%
Freeport-McMoRan stock news this week
Coverage of Freeport-McMoRan this week reads positive: 11 positive, 7 neutral and 2 negative headlines.
- Freeport-McMoRan greenlights $4.5B Arizona mine, eyes 5 billion pounds of annual copper productionThe Business Journals, Nov 4
- Freeport Approves $4.5B Bagdad Copper Expansion to Double Output - News and StatisticsIndexBox, Nov 4
- Freeport approves $4.5 billion Bagdad copper expansionMining.com, Nov 4
- Freeport-McMoRan to Invest $4.5 Billion in Expanding, Modernizing Copper and Molybdenum Mine in ArizonaWSJ, Nov 4
- Freeport Green-Lights $4.5 Billion Copper Expansion in ArizonaBloomberg.com, Nov 4
- Freeport Plans to Boost U.S. Copper & Molybdenum ProductionResource World Magazine, Nov 4
Freeport-McMoRan peers
Freeport-McMoRan’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| SCCOSouthern Copper | Accumulation | 21.1% above |
| CCJCameco | Buying | 11.9% below |
| TECKTeck Resources | Neutral | 0.1% above |
| ATIATI | Neutral | 3.4% below |
| CRSCarpenter Technology | Accumulation | 18.8% below |
| HBMHudbay Minerals | Accumulation | 10.1% below |
A peer links to its own page where one exists.
Freeport-McMoRan stock FAQ
What is Freeport-McMoRan’s market cap?
Freeport-McMoRan’s market cap is $89.99B at the Nov 4, 2026 close of $62.60, with 1.44B shares outstanding. The shares trade on a P/E ratio of 26.5.
What is the Freeport-McMoRan stock forecast?
The consensus analyst 12-month price target for Freeport-McMoRan is $78.75, +25.8% from the last close. Of the 16 firms that rated the stock in the last 90 days, 12 rate it a buy, 4 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Freeport-McMoRan stock overvalued or undervalued?
On Gekko’s estimate Freeport-McMoRan is undervalued: the Nov 4, 2026 close of $62.60 is 7.4% below Gekko Fair Value of $67.61. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Freeport-McMoRan report earnings next?
Freeport-McMoRan is expected to report on Jan 28, 2027 (84 days away). Analysts expect earnings of $1.09 per share on revenue of $9.00B. Freeport-McMoRan beat the earnings estimate in 8 of its last 8 reports, moving 3.8% on average across the report.
What is Freeport-McMoRan’s 52-week high and low?
Freeport-McMoRan’s 52-week high is $80.24 and its 52-week low is $38.54; it closed at $62.60 on Nov 4, 2026, +52.0% over the past year.
Is Freeport-McMoRan stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (gekkoindex, fair value, smart money, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Freeport-McMoRan?
Gekko flagged 1 unusual options signal in Freeport-McMoRan over the last 30 days, with $2.53M of flagged premium in calls and $200K in puts. The latest, bullish flow, was on Oct 31, 2026 with $2.73M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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