Freeport-McMoRan stock analysis
Freeport-McMoRan (0R2O) Share Price & Analysis
0R2O Stock Chart & Stats
- Day’s Range
- $60.69 - $62.72
- 52-Week Range
- $38.34 - $80.89
- Previous Close
- $60.05
- Volume
- N/A
- Average Volume (3M)
- 27.39K
- Market Cap
- $86.54B
- Enterprise Value
- $119.31B
- Total Cash (Recent Filing)
- $4.33B
- Total Debt (Recent Filing)
- $10.36B
- Price to Earnings (P/E)
- 26.1
- Beta
- 1.66
- Next Earnings
- Jan 27, 2027 (Est.)
- EPS Estimate
- 1.04
- Last Dividend Ex-Date
- Oct 15, 2026
- Dividend Yield
- 0.84%
Bulls Say, Bears Say
Bulls Say
Deleveraged Balance Sheet And Strong Cash Generation
FCX has materially reduced leverage while building a stronger equity base, improving resilience across the mining cycle. Robust operating and free cash flow provide capacity to fund mine development, meet obligations, and preserve strategic flexibility without relying as heavily on additional borrowing.
Grasberg-driven Production Growth
The Grasberg ramp-up offers a visible source of multi-year volume growth from an existing large-scale asset. Reaching higher utilization should improve fixed-cost absorption and expand copper and gold output, strengthening earnings potential without requiring an entirely new mine build.
Approved Brownfield Expansion In Arizona
Bagdad approval advances a substantial U.S. copper growth project based on an established operation rather than an unbuilt district. Existing infrastructure, automation, and workforce experience can support execution and strengthen FCX’s domestic production platform over several years.
Bears Say
High Exposure To Commodity-cycle Revenue Volatility
FCX’s earnings remain heavily tied to realized copper, gold, and molybdenum prices, so strong margins can coexist with sharp revenue swings. This cyclicality makes cash generation and reported profitability less predictable and can complicate long-term investment planning.
Rising Operating And Capital Costs
Higher diesel, electricity, labor, steel, and project costs can erode mining margins and raise the funding burden for growth. The larger capital program also increases execution requirements, making future returns more dependent on delivering projects on budget and on schedule.
Production Guidance And Operating Execution Risks
Lower sales guidance indicates that planned volume growth is not fully assured, while ore-grade and recovery issues can limit throughput and raise unit costs. Weather disruption and mine-plan variability add further execution risk as FCX seeks to ramp Grasberg and expand other operations.
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Freeport-McMoRan Stock Smart Score
Company Description
Freeport-McMoRan
Freeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.
- Sector
- Basicmaterials
- Industry
- Copper
- CEO
- Kathleen L. Quirk
- Employees
- 29,000
- Website
- fcx.com
- Address
- 4340 E. Cotton Center Blvd., Phoenix, AZ, 85040-8852, US
Freeport-McMoRan (0R2O) Earnings & Revenues
0R2O Company Deck
0R2O Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. Management reported higher third-quarter earnings, significant Grasberg ramp-up progress, improving copper and gold volume prospects, a favorable copper-price and demand environment, substantial shareholder returns, and multiple organic growth opportunities. The main challenges were lower 2026 and 2027 copper sales estimates, weather and water constraints, low U.S. ore grades and recovery variability, higher energy and capital costs, and uncertainty around the field performance of the next-generation leach additive.
View all GB:0R2O earnings summaries0R2O Net sales Breakdown
- 24.35% Copper Concentrate
- 31.44% Copper Cathode
- 17.05% Rod and other refined copper products
- 1.73% Purchased copper
- 15.05% Gold
- 7.59% Molybdenum
- -1.37% Royalty expense
- 2.81% Embedded derivatives
- 2.89% Silver and other
- -1.30% PTFI export duties
- -0.24% Treatment charges
0R2O Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 6 | 10 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 4 | 0 | 8 |











