FCX Freeport-mcmoran Inc
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Copper · Phoenix, AZ · 29,000 employees · fcx.com
Freeport-McMoRan is an international natural resources firm operating extraction sites across the Americas and Indonesia. The business generates revenue by mining and processing metals, with a primary focus on copper alongside gold, molybdenum, and silver.
Why it is on our list: One of the largest copper miners; grid and data-centre build-outs use copper in volume.
Bull case
The business would gain if the rebuilding of Western critical-mineral supply chains proves durable. It also sees a tailwind as a provider of raw materials supporting artificial intelligence infrastructure.
- The share price trend is rising.
- Its sector cycle (Copper) is in expansion.
Bear case
Annual revenue growth has slowed and contracted into negative territory.
- Trades at the 98th percentile of its own valuation history.
- Annual revenue growth fell from +6% to -2%.
Features
- V-OVERVALUED Overvalued The price is 80% above its own-history reference value.
- V-DECELERATING Growth slowing Annual revenue growth fell from +6% to -2%.
AI impact
Supplies what AI runs on Tailwind
The company sells copper, which is needed to build and power data centers supporting artificial intelligence. It also uses artificial intelligence in its operations to lower costs, though slower growth in data centers and related infrastructure could weigh on copper demand and prices.
Where AI helps it
- Supplies the fuel or materials the AI build-out needs (minor)
- Uses AI to lower its own costs (minor)
Where AI could hurt it
- Depends on the AI build-out continuing (minor)
In the company's words
We believe fundamentals for copper are favorable with growing demand supported by copper’s critical role in electrification initiatives, continued urbanization in developing countries, data centers and artificial intelligence (AI) growth, increased defense spending and growing connectivity globally.
We believe long-term fundamentals for copper are favorable with growing demand supported by copper’s critical role in the global transition to renewable power, electric vehicles and other carbon-reduction initiatives, continued urbanization in developing countries, data centers and artificial…
Assessed by AI from the company's own annual report filed 13 Feb 2026 and quarterly report filed 6 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
FCX is at the 98th percentile of its own valuation history. Depending on how far back you look, it ranges from the 88th to the 98th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Above reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
This ladder rests on the company's own valuation history alone: there are too few comparable companies to cross-check it, so treat its zones as less certain.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not available — Margin break
- Not triggered — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.