Freeport-McMoRan (FCX)
Mines copper across the Americas and Indonesia, with integrated processing and by-product gold.
Something off on this page? Send us feedback.
Mines copper across the United States, South America and Indonesia, with gold and molybdenum as additional products, and sells copper as concentrate, cathode and rod. Morenci, Cerro Verde and Grasberg anchor an integrated portfolio whose output depends on ore grades, metals prices, permits and Indonesian operating rights.
Extracts copper, gold and molybdenum from large mines in the United States, South America and Indonesia, selling copper as concentrate, cathode and rod. Core operations include Morenci, Cerro Verde, El Abra and the underground Grasberg minerals district; smelting and refining extend to the United States, Indonesia and Atlantic Copper in Spain.
Scale comes from long-lived ore bodies paired with concentrators, leaching systems, smelters, refineries and rod mills. Gold is principally a Grasberg by-product, while molybdenum comes from Colorado mines and selected copper operations.
Results depend on ore grades, copper prices, safe underground and open-pit execution, environmental permits and operating rights. Grasberg is managed through minority-owned PT Freeport Indonesia, making Indonesian licensing, government arrangements and downstream processing central structural dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Bernstein | Reiterate | Rating: —Target: $58.50 | Target: $47 |
| Jul 27, 2026 | Barclays | Reiterate | Rating: —Target: $80 | Target: $82 |
| Jul 24, 2026 | RBC Capital | Reiterate | Rating: —Target: $48 | Target: $73 |
| Jul 24, 2026 | Wells Fargo | Reiterate | Rating: —Target: $77 | Target: $70 |
| Jul 23, 2026 | BMO Capital | Reiterate | Rating: —Target: $47 | Target: $78 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.08B · Total debt $10.36B · Total assets $59.73B · Shareholders' equity $20.11B
- Revenue
- $7.03B
- Operating income
- $2.00B
- Net income
- $984.0M
HistoryDividendAnnual yield
| Institutions | 87.37% | 1.25B shares | |
|---|---|---|---|
| 2,020 holders · as of Jun 30, 2026 | |||
| Insiders | 0.19% | 2.79M shares | |
| 15 holders · as of Aug 28, 2026 | |||
| Other | 12.44% | 178.55M shares | |
| remainder | |||
1.44B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.49% | 121.95M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.54% | 93.91M | as of Jun 30, 2026 |
Fisher Asset Management, LLCInstitution | 4.66% | 66.92M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.63% | 66.49M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 2.89% | 41.50M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Lydia H. Kennard | director | −3,798 | $79.11 |
| Aug 25, 2026 | Douglas N. II Currault | officer: EVP & General Counsel | −80,000 | $78.56 |
| Aug 5, 2026 | Stephen T. Higgins | officer: EVP & CAO | −14,277 | $69.50 |
| Aug 5, 2026 | Ellie L. Mikes | officer: Chief Accounting Officer | −4,773 | $70.00 |
| Jul 30, 2026 | Stephen T. Higgins | officer: EVP & CAO | −7,550 | $63.00 |
- BHP (ADR)
Scale rival in copper; Escondida is the world's largest copper mine by output.
- Southern Copper
Pure-play Americas copper rival with the world's largest stated copper reserves.
- Teck
Canada copper miner; record 446 kt in 2024; merging with Anglo American.
- Vale (ADR)
Iron ore giant with a growing copper segment via Salobo and Sossego.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Freeport-McMoRan | $74.31 | +2.98% | $103.69B | 35.4 | 20.8 | 4.0 | −7.3% |
| BHP (ADR) | $87.82 | +2.01% | $218.70B | 22.2 | — | 3.7 | +19.9% |
| Southern Copper | $206.89 | +4.46% | $165.25B | 29.0 | 28.6 | 10.5 | +40.6% |
| Teck | $69.25 | +3.72% | $32.25B | 18.4 | 21.9 | 3.2 | +70.8% |
| Vale (ADR) | $14.16 | +0.07% | $60.34B | 29.5 | 7.8 | 1.5 | +19.2% |
| Median | 25.6 | 21.9 | 3.5 | +30.3% |