Freeport-McMoRan, Inc.

Valuation Analysis

About the Company

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Freeport-McMoRan, Inc. Stock at a Glance

Freeport-McMoRan, Inc. (FCX) is currently trading at $68.41 with a market capitalization of $98.3B. The trailing P/E ratio stands at 36.2x, with a forward P/E of 17.7x. The 52-week range spans from $35.15 to $72.09; the current price is 5.1% below the yearly high. Year-over-year revenue growth stands at +8.8%. The net profit margin stands at 10.34%.

💰 Dividend

Freeport-McMoRan, Inc. pays an annual dividend of $0.60 per share, representing a yield of 0.88%. The payout ratio stands at 31.75%.

📊 Analyst Rating

22 analysts rate Freeport-McMoRan, Inc. (FCX) on consensus: Buy. The average price target is $68.86, implying +0.66% from the current price. Analyst price targets range from $31.00 to $85.00.

Freeport-McMoRan, Inc.: The Investment Case in Detail

Freeport-McMoRan, Inc. (FCX) operates in the Basic Materials — specifically Copper — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Earnings growth of 153.1% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base.

The Bear Case

Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

At a PEG of 4.61, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

What to Watch Next

• The forward P/E of 17.7x is meaningfully below the trailing 36.2x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 90% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to market-like volatility.

Trading Data

💵 Dividend Info

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