Freeport-McMoRan Inc. (FCX) fair value analysis

S&P 500 · Updated 2026-09-07

Freeport-McMoRan Inc. is one of the world's largest publicly traded copper producers, also engaged in the mining of molybdenum and gold as byproducts. The company operates mining facilities primarily in North America, South America, and Indonesia.

Forward Fair Value verdict

Undervalued

Based on TickrTrends' weekly Forward Fair Value model, FCX is trading at more than a 25% discount to estimated fair value.

FCX currently ranks #2 of 27 Basic Materials stocks by discount to Forward Fair Value. It has screened as Undervalued for 3 consecutive weekly runs.

Last price: $72.73
Sector: Basic Materials
12-month range: $41.18–$72.47

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: B
Momentum grade: A
Leverage: Moderate
Margin trend: Contracting
Revenue growth: Strong
RSI zone: Neutral
52-week position: The top quarter of its range

What our data shows for FCX

Our model validated 17 trailing price-to-earnings windows for FCX, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $41.18–$72.47.
The 14-day relative strength index sits at a neutral 51.
3 of the last 12 weekly snapshots showed positive price momentum.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for FCX
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent FCX news

TickrTrends' derived news-sentiment signal for FCX is currently leaning positive, computed from recent coverage.

Freeport-McMoRan Has Ripped 44% in 2026. What Would It Take to Get FCX Stock Up to $100? (finance.yahoo.com, 2026-09-07)
TickrTrends take: Freeport-McMoRan has gained 44 percent through 2026, yet TickrTrends currently derives an undervalued verdict for the Basic Materials company, suggesting the market may not have fully priced in its fundamental value. A valuation-focused reader should monitor whether FCX can sustain operational momentum and maintain cost discipline, as these factors would be critical to determining whether the stock has room to reach the 100 dollar level discussed in market commentary. The gap between current performance and a potential 100 dollar target would depend on how analyst estimates and market multiples evolve relative to the company's earnings power in the cyclical commodities environment.
How Is Freeport-McMoRan’s Stock Performance Compared to Other Copper Stocks (finance.yahoo.com, 2026-09-04)
TickrTrends take: Freeport-McMoRan operates in the Basic Materials sector where copper price movements and production efficiency significantly influence valuations relative to peers. TickrTrends currently derives an Undervalued verdict for FCX, suggesting the market may not be fully pricing in either the company's operational performance or sector dynamics compared to other copper producers. For valuation-focused readers, monitoring how FCX's operational metrics and cost structure track against competitor performance could be important for validating whether the current undervaluation reflects a genuine opportunity or temporary market positioning.
FCX Looks 50.7% Overvalued on GF Value™ as Copper Prices Rally (gurufocus.com, 2026-09-03)
TickrTrends take: Freeport-McMoRan trades with divergent valuation signals as copper market strength supports higher commodity prices, yet the GF Value model suggests significant overvaluation at current levels. TickrTrends' undervalued assessment presents a contrasting view to the GF Value metric, indicating investors focused on valuation should monitor which pricing framework proves more predictive as copper fundamentals evolve. The Basic Materials sector's cyclical nature means that commodity price movements can rapidly shift valuation conclusions, making it important for valuation-conscious investors to track copper trends and FCX's operational performance closely.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — No material change this week: the verdict, bands and grades all held steady.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is FCX stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), FCX is trading at more than a 25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.

What is FCX's TickrTrends verdict?

FCX's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.

How does FCX compare to other Basic Materials stocks?

FCX ranks #2 of 27 Basic Materials stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is FCX overbought or oversold?

FCX's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Basic Materials fair-value coverage →

Head-to-head comparisons

FCX vs CENX · FCX vs DOW · FCX vs ECL · FCX vs GSM · FCX vs IOSP