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FCX · Freeport-Mcmoran Inc

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$63.28 +1.51 (+2.44%)
Market Cap
$88.70B
Shares
1.44B
Volume · Nov 3 8.37M Avg daily vol (3M) 12.32M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$61.77 Open$62.83 Day$61.24–62.85 52W close$38.65–79.91 Avg vol 30d11.0M Short int26.2M · 1.8% of shares · 2.3d Short vol31% Last earningsOct 27, 2026 DataJan 2020–Nov 2026 Filing10-Q · Aug 6

Up next

Jan 26, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Oct 27
Earnings call
Q3 2026 earnings call

Freeport said Grasberg operated at 67% of mine capacity during the third quarter and targets 80 percent by mid-27, with full capacity by the end of next year.

Read from the first part of this long document
Oct 27
Current report 8-K
Financial results, Regulation FD disclosure

Freeport-McMoRan Inc reported third-quarter 2026 net income of $1.2 billion, adjusted net income of $1.3 billion, operating cash flows of $2.0 billion, and an on-expectations Grasberg ramp-up.

Read from the first part of this long document
Oct 2
Current report 8-K
Financial results, Regulation FD disclosure

Freeport-McMoRan Inc. reported third-quarter 2026 copper production of approximately 830 million pounds and gold production of approximately 230 thousand ounces, while approximately 60 thousand ounces of refined gold sales were deferred to fourth-quarter 2026.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$25.87B
Trailing 12 months
Net income (TTM)
$4.96B
Trailing 12 months
Revenue growth YoY
-7.3%
Year over year
Operating margin
26.8%
Trailing 12 months
P / E (TTM)
18.2
Trailing earnings · reciprocal yield 5.5%
FCF yield
—
TTM · current market cap
Return on invested capital
18.8%
Trailing 12 months
Net cash
−$5.31B
Latest balance sheet
Dividend yield
1.0%
Trailing 12 months
Shares change YoY
+0.0%
Year over year
Price change (1Y)
+51.0%
Trailing year
Short interest
1.8%
Latest settlement · 2.3 days to cover
View all 122 metrics

AI Brief

Q3 FY26 earnings call · Oct 27, 2026
Q3 FY26

TL;DR. Third-quarter profitability improved sharply, Grasberg continued ramping, and projected 2027–2028 volume growth supports the outlook, with fourth-quarter sales expected to be the year’s highest. Copper-sales forecasts for 2026 and 2027 were trimmed, while U.S. operating disruptions, energy inflation, and higher capital spending pressure costs.

Bullish
  • + Consolidated net income increased over 80% year over year as U.S. mining operating income more than doubled.
  • + Grasberg reached approximately 67% of normalized rates, with 80% targeted in mid-2027 and full capacity to be approached by year-end 2027.
  • + Nearly $1 billion was returned to shareholders year to date, including $300 million of share purchases.
  • + U.S. customers reported robust copper demand tied to electricity, energy infrastructure, data centers, and transportation.
  • + Fourth-quarter 2026 sales volumes are expected to be the highest of the year, with copper sales up 17% and gold sales nearly tripling from third-quarter levels.
Bearish
  • − Extreme weather caused lower-than-planned U.S. operating rates and disrupted production momentum.
  • − The next-generation leaching additive remains unproven in the field, and the 800-million-pound aspiration is not included in the forecast.
  • − Grasberg's dry conditions create milling challenges, and Grasberg idle costs will remain in all-in unit costs beginning in 2027.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 20.8 · elevated Equity put/call 0.60
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −5%
below
Price vs 50-day avg −13%
below
RSI (14) 30
oversold
MACD trend Negative
52-week position 56%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return −15%
trailing
6-month return −8%
trailing
YTD return +22%
this year
Relative strength −10%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $71 › 200d $65 — 50d above 200d
Institutional flow Accumulating
925 of 1,926 funds reported for Sep 30 · net +5.7M sh shares · +105 new
Insider flow Distributing
Net -$6.6M over 90 days · 100% sells
Short interest Rising
1.82% of shares out · ▲ +4.0% MoM · 2.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,926 holders — near 3-yr high, broad support
Squeeze score 46
elevated · 0–100
Fundamentals
Strong
Revenue growth +2%
Y/Y
EPS growth +607%
Y/Y
Buyback $2.7B
remaining
Balance sheet $5.6B
net debt
Quant / Vol
risk profile
Very High
Volatility 48%
annualized · 1-yr
Max drawdown −24%
past year
ATR 4.2%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Oct 2, 2026
Capacity · mid-2027 80%
Previous outlook earlier release · from the Earnings Call filed Jul 23, 2026

Still-open targets the latest release did not restate under the same label.

Annual gold volumes increase · 2027 compared with 2026 at least 50%
Grasberg district rates as percent of full capacity · second half of this year (2026) 65%
Grasberg district rates as percent of full capacity · mid-2027 80%
Prescriptive projects capital expenditures · 2026 $1.6B
Prescriptive projects capital expenditures · 2027 $1.9B

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−5% Bearish
Price vs 50-day avg
−13% Bearish
RSI (14)
30 Neutral
MACD trend
Negative Bearish
52-week position
56% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $71 › 200d $65 — 50d above 200d
Institutional flow Accumulating
925 of 1,926 funds reported for Sep 30 · net +5.7M sh shares · +105 new
Insider flow Distributing
Net -$6.6M over 90 days · 100% sells
Short interest Rising
1.82% of shares out · ▲ +4.0% MoM · 2.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,926 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $39 Now $62 · 56% Range high $80
vs 200-day avg -5% vs 50-day avg -13%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
consolidated copper production £830M third-quarter 2026 —
consolidated gold production 230K third-quarter 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Copper — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
FCX
Freeport-Mcmoran Inc
this stock
$88.70B +21.6% +1.8% — 1.8%
SCCO
Southern Copper Corp
$147.50B — +23.7% 23.2 1.2%
TECK
Teck Resources Ltd
$30.40B +29.1% — — 2.8%
HBM
Hudbay Minerals Inc.
$9.52B +8.0% — — 2.2%
GUNN
Gunnison Copper Corp.
$4.23B — — — 0.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
2,003
% held
93.8%
Reported
925 of 1,926
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,088
View
Short & Settlement
Short Interest Rising
Shares short
26.2M
Days to cover
2.3d
Change
+1.0M sh
View
Short Volume
Short vol %
31%
As of
Nov 3, 2026
Short Total
View
Fails to Deliver
FTD shares
2.1K
Value
$151.6K
As of
Sep 30, 2026
View
Off-Exchange
Off-exchange %
40.9%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$6.6M
Buyers / Sellers
0 / 2
Buyers Sellers
View
Congressional Trades Buy
Member
Josh Gottheimer
Amount
$1.0K–$15.0K
Traded
Apr 15, 2026
View
Financials
Financials
Revenue (FY)
$25.9B
Net income (FY)
$2.2B
EPS diluted
$2.90
View
Buybacks
Authorized
$5.0B
Remaining
$2.7B
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Oct 27, 2026
This year
21

Freeport-McMoRan Inc reported third-quarter 2026 net income of $1.2 billion, adjusted net income of $1.3 billion, operating cash flows of $2.0 billion, and an on-expectations Grasberg ramp-up.

View
Proposed Sales
Value
$6.3M
Shares
80.0K
Filed
Aug 25, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 27, 2026
View
Investor Relations
Latest news
Freeport Reports Third-Quarter an…
Published
Oct 27, 2026
View

Performance

5D 20D 120D MTD YTD
FCX -6.3% -14.9% -8.0% -1.1% +21.6%
SPY -2.0% -3.2% +1.6% -0.2% +10.6%
vs SPY -4.4% -11.7% -9.7% -0.9% +11.0%

Capital returns

Latest dividend
$0.15 / share · ex Oct 15, 2026
Raised 100%
Paid (TTM)
$0.60 / share · 4 payouts
Dividend yield (TTM, derived)
0.97%
Full dividend history
Buyback program · as of Oct 26, 2026
Authorized
$5.00B
Spent (derived)
$2.30B
Remaining
$2.70B
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 831259 CUSIP 35671D857 13F (30d) 928 filings 884 filers Visit website Investor relations