Freeport-McMoRan Inc. (FCX) fair value analysis
S&P 500 · Updated 2026-10-19
FCX price how computed
Forward Fair Value verdict
UndervaluedFCX is trading at more than a 25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $73.69
- Sector
- Basic Materials
- 12-month range
- $38.65–$79.91
- Market cap
- $106B
- From 52-week high
- -7.8%
- Shares outstanding
- 1.44B
- Rank in Basic Materials by discount to fair value
- #3 of 26
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
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.
FCX currently ranks #3 of 26 Basic Materials stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $106B
- P/E (trailing)
- 32x
- Revenue (TTM)
- $25.9B
- Net margin
- 11.4%
- EPS (TTM)
- $2.28
- Gross margin
- 31.1%
- Debt / equity
- 0.52
- Revenue growth (3-yr avg)
- 6.6%
- Shares outstanding
- 1.44B
Derived indicators how computed
- Quality grade
- C
- Margin trend
- Contracting
- 52-week position
- The top quarter of its range
Technicals how computed
- RSI (14-day)
- 45 · neutral
- 50-day average
- $72.04
- 200-day average
- $64.68
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $0.60 per share (4 payments)
- Yield on last price
- 0.81%
- Consecutive years of increases
- 0 (no streak on complete calendar years)
- Last ex-dividend date
- 2026-10-15
- Last payment date
- 2026-11-02
Earnings how computed
- Next earnings report
- 2026-10-27 (pre-market)
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-06 ▲ beat (+19.4%)
2026-03 ▲ beat (+21.3%)
2025-12 ▲ beat (+46.9%)
2025-09 ▲ beat (+22.0%)
2025-06 ▲ beat (+22.7%)
2025-03 ▲ beat (+4.3%)
2024-12 ▲ beat (+40.9%)
2024-09 ▲ beat (+2.7%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 18 buy · 4 hold · 1 sell (23 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $79.1
- Target vs last price
- +7.3%
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 $38.65–$79.91.
- The 14-day relative strength index sits at a neutral 45.
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
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent FCX news
TickrTrends' derived news-sentiment signal for FCX is currently leaning positive, computed from recent coverage.
- An AI Selloff Could Be The Best Thing To Happen To Copper Stocks (NYSE:FCX) (seekingalpha.com, 2026-10-16)
TickrTrends take: A potential pullback in artificial intelligence-related equities could redirect investor capital toward basic materials companies like Freeport-McMoRan, which supplies essential metals for infrastructure and industrial applications. Given TickrTrends' current undervalued assessment of FCX, a market rotation away from high-growth technology stocks may create conditions where copper demand strengthens relative to current pricing. Investors focused on valuation metrics should monitor whether such a sector rotation materializes and whether it narrows the gap between FCX's current market price and its fundamental value indicators. - Freeport-McMoRan: Grasberg Is Back On Schedule (NYSE:FCX) (seekingalpha.com, 2026-10-16)
TickrTrends take: Freeport-McMoRan's return of the Grasberg mine to normal operations represents a significant production recovery that could support earnings and cash flow generation going forward. Given TickrTrends' current undervalued assessment, investors focused on valuation metrics should monitor whether the mine's resumption translates into measurable improvements in quarterly results and free cash flow that justify the current pricing. In the Basic Materials sector where FCX operates, production reliability at major assets like Grasberg is often a key driver of how the market values mining companies against their intrinsic worth. - Freeport-McMoRan Inc (FCX) Shares Fall 3.9% -- What GF Score of 85 Tells Investors (gurufocus.com, 2026-10-14)
TickrTrends take: Freeport-McMoRan's recent share decline occurs within a context where TickrTrends currently identifies the stock as undervalued, suggesting that price weakness may present an opportunity for valuation-conscious investors in the Basic Materials sector. The company's GF Score of 85 indicates strong fundamental quality metrics, which can support a thesis that current pricing does not fully reflect underlying business strength. For investors focused on valuation, monitoring whether this quality score is accompanied by improving operational trends will be important in assessing whether the undervalued designation remains justified.
More FCX news
- Yangshan Copper Premiums and China's Import Economics (equedia.com, 2026-10-14)
- Freeport-McMoRan: Rally Looks Tired, Consolidation Likely(NYSE:FCX) (seekingalpha.com, 2026-10-14)
- Freeport-McMoRan (NYSE:FCX) -- Capitalizing on Commodity Demand | Thornburg International Equity Fund Q3 2026 (gurufocus.com, 2026-10-13)
- Copper Price Rise: Freeport and Teck Margin Exposure (equedia.com, 2026-10-13)
What people are saying
Follow the FCX conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — FCX's quality grade declined from B to C this week, indicating a downward shift in fundamental strength metrics. With a current valuation verdict of Undervalued, the stock remains positioned below fair value despite this week's deterioration in quality assessment.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is FCX stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), 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 #3 of 26 Basic Materials stocks in TickrTrends' coverage by discount to fair value.
Is FCX overbought or oversold?
FCX's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does FCX pay a dividend?
Yes. FCX paid $0.60 per share over the last twelve months (4 payments), a 0.81% yield on TickrTrends' last price. The last ex-dividend date was 2026-10-15.
When does FCX report earnings next?
FCX's next earnings report is scheduled for 2026-10-27 (pre-market), per the published earnings calendar.
Does FCX usually beat earnings estimates?
Over its last 8 reported quarters FCX beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about FCX?
Of 23 analysts covering FCX, 18 rate it a buy, 4 a hold and 1 a sell - buy-leaning, with a consensus price target of $79.1 (+7.3% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
More in Basic Materials
Head-to-head comparisons
FCX vs CE · FCX vs CENX · FCX vs CTVA · FCX vs DOW · FCX vs FMC