Freeport-McMoRan (FCX)
Materials · copper mining · NYSE
Freeport-McMoRan is a major international mining company and one of the world's largest producers of copper, also maintaining significant gold and molybdenum operations.
What Freeport-McMoRan does
Freeport-McMoRan is a leading international mining company with a primary focus on the production of copper, gold, and molybdenum. The company operates large, long-lived, geographically diverse assets including the Grasberg minerals district in Indonesia, as well as significant copper mining operations in the United States and South America, such as the Morenci district and Cerro Verde. It is one of the world's largest publicly traded copper producers and is actively engaged in developing underground mining projects and advanced leaching technologies.
Recent developments
PT Freeport Indonesia's smelter successfully re-commenced operations in late August 2026 following the September 2025 incident. The company continues the phased ramp-up of the Grasberg Block Cave, targeting 80% capacity by mid-2027 and full capacity by year-end 2027, while evaluating expansion opportunities at its Bagdad and El Abra mines.
From Freeport-McMoRan's filing of 2026-10-02.
Themes: copper mining, gold mining, molybdenum production, underground mining, mining innovation, industrial metals
Fundamentals
- Price$71.14 as of 2026-10-08 close
- Market cap$102.2B as of 2026-07-31 (share count; price 2026-10-08)
- 1-year return+66.0% 2025-10-08 close $42.85 → 2026-10-08 close $71.14
- P/E34.86 as of 2026-10-08
- Net margin+16.0% FY2025, SEC XBRL
- ROE+13.5% FY2025, SEC XBRL
- Debt / equity0.47 as of 2026-09-03
- Revenue growth (YoY)-24.2% as of 2026-09-03
- Revenue CAGR (3y)+4.4% SEC XBRL
- Beta1.66 as of 2026-09-03
- Last reported earnings2026-10-02 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
How FCX compares in its sector
- price-to-earnings ratiomiddle range 91 covered Materials peers, as of 2026-10-08
- net profit margintop 25% 125 covered Materials peers, as of 2026-09-03
- operating margintop 10% 108 covered Materials peers, as of 2026-09-03
- return on equitytop 25% 144 covered Materials peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 127 covered Materials peers
- indicated dividend yieldbottom 10% 95 covered Materials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)top 25% 122 covered Materials peers, as of FY2025
Position among covered Materials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
FCX is not currently in any published Top 10 list. Its scores are below.
Top 10 score
50.3 #716 of 1,379 scored · #31 of 73 in Materials
Trend 80th (a "golden cross" — its 50-day average is above its 200-day) and profitability 71st (operating margin 25.2%, return on equity 13.5%); weakest is growth (21st, revenue growth year over year -24.2%, 3-year revenue CAGR 4.4%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FCX's dividend was covered by reported results (earnings payout 21%, free-cash-flow payout 78%). This describes past coverage, not a forecast.
- Earnings payout21% dividends / net income
- Free-cash-flow payout78% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Freeport-McMoRan looks technically
Freeport-McMoRan (FCX) is trading 11.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 311 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 48, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 32 trading days ago. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 11.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +11.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $71.36 | $71.36 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $63.94 | $63.94 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 68.2. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 311 trading days ago — a "golden cross", a bullish long-term signal | 311 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend) | 10.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 48, neither overbought (above 70) nor oversold (below 30) | 48.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($68.20 to $74.90) — its "stochastic" reading is 44 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 43.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 26 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $80.24 | $80.24 |
|---|---|---|
| From the 52-week high | it is 11.3% below its 52-week high (its highest price of the past year) | -11.3% |
| Above the 52-week low | it is 84.6% above its 52-week low (its lowest price of the past year) | +84.6% |
| Below the 52-week high | it is 11.3% below its highest point of the past year | 11.3% |
| Since a 20-day breakout | it made a new 20-day high about 32 trading days ago | 32 sessions |
| Since a 55-day breakout | it made a new 55-day high about 32 trading days ago | 32 sessions |
| All-time high | its highest closing price on record is $80.24 (set on 2026-08-26) | $80.24 |
| Given back of the 52-week move | over the past year its closes ranged ($38.65 to $79.91), and it has given back roughly a quarter of its rise from last year’s low — 21% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $53.09 to $54.41. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 21.3% |
| From the all-time high | it is 11.3% below its all-time high | -11.3% |
| Nearest price level | it is trading 0.7% below a resistance level at $71.64 — a price it turned at four times since 2026-04-20, most recently on 2026-08-10. Since 2024-10-08 it has 17 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.7% |
| All-time low | its lowest closing price on record is $3.52 (set on 2016-01-20) | $3.52 |
| Above the all-time low | it is 1921.0% above its all-time low | +1,921% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 1st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.63 between its high and its low — about 3.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.63 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $68.67 and $74.04 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $68.67 – $71.36 – $74.04 |
| Typical daily range (% of price) | its price moves about 3.7% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.7% |
| Stretch from the 200-day average | it is trading 2.7 daily ranges above its 200-day average price (11.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.7 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.74× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 6.0% since the prior reading | +6.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 1.8% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.8% |
|---|---|---|
| Open gap | it gapped 7.8% below the previous close 20 sessions ago and has not traded back through the level it left behind at 76.23 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -7.8% |
| Gap filled | a 2.0% gap down opened on 2026-10-01 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -2.01% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 8.2 percentage points (the stock lost 7.2% while the market gained 1.0%) | -8.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 19.9 percentage points (the stock gained 23.7% while the market gained 3.8%) | +19.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 0.9 percentage points (the stock gained 16.5% while the market gained 17.5%) | -0.9% |
| vs market, 12 months | over the past 12 months this stock beat the market by 51.0 percentage points (the stock gained 66.0% while the market gained 15.0%) | +51.0% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 4.9% of the share price. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 11% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $64.00 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | +11.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-07-23 (its 8-K), so the typical buyer over that stretch is roughly break-even. That average is $70.80 — a volume-weighted average of daily closes over 55 sessions, not a true tick-by-tick VWAP. | +0.5% |
Symmetrical triangle, either side — broke out · entry $71.72 · 36 sessions in
Price levels it has turned at before
FCX last closed at $71.14 on 2026-10-08. Since 2024-10-08 it has turned at 17 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $71.64 | Resistance | 0.7% above the last close | turned there four times · 2026-04-20 to 2026-08-10 |
| $68.66 | Support | 3.5% below the last close | turned there three times · 2026-01-29 to 2026-10-01 |
| $74.67 | Resistance | 5.0% above the last close | turned there twice · 2026-09-22 to 2026-09-30 |
| $65.66 | Support | 7.7% below the last close | turned there three times · 2026-02-12 to 2026-08-14 |
| $62.63 | Support | 12.0% below the last close | turned there twice · 2026-06-11 to 2026-07-14 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $68.20.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 8 trading days, since 2026-09-29.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · Analyst price target recently RAISED · Trading inside the Ichimoku cloud · Near a resistance level (pressing into a price that has capped it before) | Learn: moving average · golden cross · adx · rsi · breakout · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.78 mean, 1=Strong Buy…5=Strong Sell) — 22 analysts
- Mean price target$77.14 range $30.00 – $92.00; median $80.00
Analyst estimates, as of 2026-10-08. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FCX
- Consensus EPS estimate$0.8089 next reporting period, as of 2026-10-08
- Estimate change, 30 days+$0.08392 (+11.6%) from $0.725, on 2026-09-03, 35-day window
- Readings revised upward22% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Fluctuations in global market prices for copper, gold, and molybdenum, which can significantly impact financial performance.","Operational challenges and risks associated with underground mining, including the ongoing phased ramp-up of the Grasberg Block Cave mine.","Geopolitical, regulatory, and social risks inherent in international operations, particularly in Indonesia."]
What changed in the latest 10-Q
AI-assisted comparison of FCX's 10-Q filed 2026-08-06 against the prior one filed 2026-05-08.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-06) adds: 'We achieved strong results in second-quarter 2026, supported by solid execution of our operating plans and favorable realized prices for copper, gold and molybdenum.'
- Newer filing (2026-08-06) adds: 'The strength and diversity of our portfolio of assets contributed to these results, as operating income from our U.S. copper mines more than doubled in the first six months of 2026, compared to the first six months of 2025, primarily reflecting higher average realized copper and molybdenum prices.'
- Newer filing (2026-08-06) adds: 'This increase helped offset lower operating income from Indonesia during the continued phased ramp-up of the Grasberg Block Cave underground mine.'
- Newer filing (2026-08-06) adds: 'PT Freeport Indonesia (PTFI) has made steady progress with the phased ramp-up of the Grasberg Block Cave underground mine following the September 2025 external mud rush incident and we remain focused on a safe and sustainable ramp-up to full operating capacity.'
- Newer filing (2026-08-06) adds: 'We are targeting reaching an annual run rate of 300 million pounds of copper from these initiatives by the end of 2026...'
- Newer filing (2026-08-06) adds: 'We are finalizing cost estimates for an opportunity to more than double the concentrator capacity of the Bagdad operation in northwest Arizona and have advanced technical and economic studies in preparation for a potential investment decision during the second half of 2026.'
- Newer filing (2026-08-06) adds: 'In May 2026, we purchased 2.0 million shares of Cerro Verde common stock in the open market for $107 million, increasing our ownership interest in Cerro Verde from 55.08% to 55.66%.'
- Newer filing (2026-08-06) adds: 'Higher net income attributable to common stock in the 2026 periods, compared to the 2025 periods, primarily reflects the impact of lower income taxes and noncontrolling interests in the 2026 periods associated with a higher contribution of operating income from our U.S. copper mines.'
- Newer filing (2026-08-06) adds second-quarter and first-six-months net income figures: '$984 million in second-quarter 2026, $772 million in second-quarter 2025, $1.9 billion for the first six months of 2026 and $1.1 billion for the first six months of 2025.'
- Newer filing (2026-08-06) changes the reference to PTFI debt from 'smelter and precious metals refinery (PMR) (collectively, PTFI's downstream processing facilities)' to 'PTFI's downstream processing facilities'.
- Newer filing (2026-08-06) adds projected third-quarter 2026 sales volumes: '750 million pounds of copper, 160 thousand ounces of gold and 22 million pounds of molybdenum.'
- Newer filing (2026-08-06) adds: 'We expect an increase in second-half 2026 copper sales volumes, compared to first-half 2026, primarily as a result of the continued phased ramp-up of the Grasberg Block Cave underground mine and at our U.S. copper mines associated with incremental production from leaching initiatives.'
- Removed:
- Older filing (2026-05-08) contains: 'We are focused on restoring operations in the Grasberg Block Cave underground mine safely and sustainably, driving new technologies and efficiency programs to increase the profitability of our U.S. and South America operations and pursuing our highly attractive portfolio of organic growth options to generate value for common stockholders.'
- Older filing (2026-05-08) contains: '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 and growing connectivity globally.'
- Older filing (2026-05-08) contains: 'We continue to progress organic copper growth projects in the U.S. and South America. Across our U.S. and South America operations, we are incorporating new applications, technologies and data analytics into our leaching processes.'
- Older filing (2026-05-08) contains: 'Additionally, in March 2026, an environmental impact study was submitted to Chile regulatory authorities for a potential major expansion at our El Abra mine in Chile.'
- Older filing (2026-05-08) contains: 'Our first-quarter 2026 operations and results were impacted by the September 2025 mud rush incident (Mud Rush Incident) at the Grasberg minerals district in Central Papua, Indonesia. During first-quarter 2026, PT Freeport Indonesia (PTFI) progressed a series of activities to address the Mud Rush Incident and advance preparation for a safe and sustainable restoration of operations in the Grasberg Block Cave underground mine. In March 2026, PTFI commenced a phased ramp-up of the Grasberg Block Cave underground mine, and the projected ramp-up schedule has been adjusted to incorporate modifications to material handling systems.'
- Older filing (2026-05-08) contains: 'Net income attributable to common stockholders totaled $881 million in first-quarter 2026, compared with $352 million in first-quarter 2025, primarily reflecting higher average realized copper and gold prices and the recognition of a gain for the insurance settlement related to the Mud Rush Incident, partly offset by lower copper sales volumes from PTFI.'
- Older filing (2026-05-08) contains: 'References to previous estimates refer to guidance provided in our 2025 Form 10-K.'
- Older filing (2026-05-08) contains: 'Projected sales volumes for the year 2026 are lower than previous estimates of 3.4 billion pounds of copper and 0.8 million ounces of gold, primarily reflecting a projected delay in achieving full ramp-up of the Grasberg Block Cave underground mine pending modifications to ore loading systems.'
- Older filing (2026-05-08) contains: '...weather-related conditions; timing of shipments and other factors detailed in the 'Cautionary Statement' below.'
- Reworded:
- Projected 2026 copper sales volumes changed: U.S. copper mines from 1,367 to 1,360 million pounds; South America operations from 1,048 to 1,022 million pounds; Indonesia operations from 663 to 675 million pounds; total from 3,078 to 3,057 million pounds.
- Projected 2026 gold sales volumes changed from 650 to 654 thousand ounces.
- Projected 2026 molybdenum sales volumes changed from 90 to 93 million pounds, with primary molybdenum mines producing 30 million pounds changed to 33 million pounds.
- Quarterly sales volume guidance changed from second-quarter 2026 (690 million pounds copper, 140 thousand ounces gold, 22 million pounds molybdenum) to third-quarter 2026 guidance.
- Cash balance changed from $3.7 billion at March 31, 2026 to $4.1 billion at June 30, 2026.
- Net debt changed from $2.4 billion at March 31, 2026 to $2.1 billion at June 30, 2026.
- Share repurchases changed from 1.7 million shares for $93 million ($54.25 average cost per share) in first-quarter 2026 to 3.4 million shares for $203 million ($59.30 average cost per share) in the first six months of 2026.
- Cumulative share repurchases changed from 53.7 million shares at $39.01 average cost per share as of April 30, 2026 with $2.9 billion available, to 55.4 million shares at $39.80 average cost per share as of July 31, 2026 with $2.8 billion available.
- Grasberg Block Cave ramp-up described as 'phased ramp-up' after 'commenced a phased ramp-up' in older filing, changed to 'continued phased ramp-up' in newer filing.
- Notes:
- Older filing text appears truncated at the end, so changes after 'Consolidated Unit Net Cash Costs' could not be compared beyond that point.
- No assessment of materiality or significance of changes is made.
Risk Factors
- Added:
- Newer filing (2026-08-06) added a reference to a Revolving Credit Agreement dated as of May 14, 2026 as Exhibit 10.1, incorporated by reference from Form 8-K filed 5/20/2026.
- Removed:
- Older filing (2026-05-08) contained Exhibit 10.1, Form of Performance Share Unit Agreement (effective February 2026), incorporated by reference from Form 10-K filed 2/13/2026, which is absent from the newer filing.
- Older filing (2026-05-08) contained Exhibit 10.2, Form of Restricted Stock Unit Agreement (effective February 2026), incorporated by reference from Form 10-K filed 2/13/2026, which is absent from the newer filing.
- Older filing (2026-05-08) contained Exhibit 99.1, Memorandum of Understanding by and between the Government of the Republic of Indonesia, PT Freeport Indonesia and Freeport-McMoRan Inc. dated February 18, 2026, incorporated by reference from Form 8-K/A filed 2/27/2026, which is absent from the newer filing.
- Reworded:
- Newer filing (2026-08-06) updates the quarterly share repurchase table period from January–March 2026 to April–June 2026.
- Newer filing (2026-08-06) reports 1,709,946 shares purchased at an average price of $64.34 in June 2026, while the older filing (2026-05-08) reported 1,710,064 shares purchased at an average price of $54.25 in March 2026.
- Newer filing (2026-08-06) states approximate dollar value of shares that may yet be purchased under the plans as $2,795,951,266 after the June 2026 period, while the older filing (2026-05-08) stated $2,905,970,595 after the March 2026 period.
- Newer filing (2026-08-06) states no unregistered sales of equity securities during the quarter ended June 30, 2026, while the older filing (2026-05-08) stated no unregistered sales during the quarter ended March 31, 2026.
- Newer filing (2026-08-06) states no director or officer adopted or terminated any trading arrangement during the quarter ended June 30, 2026, while the older filing (2026-05-08) stated the same for the quarter ended March 31, 2026.
- Newer filing (2026-08-06) removes the asterisk footnote ('* Indicates management contract or compensatory plan or arrangement.') that appeared in the older filing's exhibit list.
- Newer filing (2026-08-06) updates the signature date from May 8, 2026 to August 6, 2026.
- Notes:
- The Risk Factors section text itself is substantively identical between the two filings; the changes present are in the surrounding Items 2, 5, 6 and signature, as provided in the source texts.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 5 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 5 sells ($8M) — 4 selling insiders
- Last 180 days · read to 2026-10-040 buys · 5 sells ($8M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-27. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FCX's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 12 matched disclosures for FCX from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding FCX as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 236,296,433
- Reported value $14,860,681,593
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
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Short interest (FINRA)
FCX had 34,304,914 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
FCX had 2.39% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.81 days to cover at the same settlement.
- Reported short interest (shares) 34,304,914
- Short interest (% of shares outstanding) 2.39%
- Prior settlement (shares) 30,687,702
- Reported change 11.79%
- Days to cover (reported) 2.81
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- BHP Group (BHP)
- Rio Tinto
- Southern Copper Corporation (SCCO)
- Antofagasta plc
- First Quantum Minerals (FQVLF)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Freeport-McMoRan (FCX) do?
Freeport-McMoRan is a leading international mining company with a primary focus on the production of copper, gold, and molybdenum. The company operates large, long-lived, geographically diverse assets including the Grasberg minerals district in Indonesia, as well as significant copper mining operations in the United States and South America, such as the Morenci district and Cerro Verde.
What sector is Freeport-McMoRan (FCX) in?
Freeport-McMoRan (FCX) is classified in the Materials sector. Its industry is copper mining. It trades on NYSE.
Does FCX pay a dividend?
Yes — Freeport-McMoRan (FCX) pays a dividend, with an indicated yield of about 0.45% and 5-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are Freeport-McMoRan's (FCX) competitors?
Notable peers of Freeport-McMoRan (FCX) include BHP Group, Rio Tinto, Southern Copper Corporation, Antofagasta plc and First Quantum Minerals. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in FCX?
Yes — we hold 12 matched STOCK Act disclosures for FCX from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Freeport-McMoRan (FCX) overbought or oversold right now?
Freeport-McMoRan (FCX) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 48, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FCX come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.