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FCFCX

Freeport-McMoRan Inc.

$FCX·$90B·Copper·Basic Materials
$75.56-1.2%YTD+30.1%1Y+72.3%
Mentions · last 7 days
2026-08-21: 254 posts2026-08-22: 71 posts2026-08-23: 71 posts604+11%
Price updated 10m ago·X counts updated 8d ago
FCFCX
$FCXFreeport-McMoRan Inc.
$75.56-1.16%604 posts+11%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $FCX, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-30

The move is getting stronger, with heavier trading behind it.

The largest US-listed copper miner making new highs into a genuine supply squeeze — mechanics back it, insiders are trimming.

Freeport-McMoRan is the largest US-listed pure-play copper miner, with the Grasberg mine in Indonesia and the Americas assets. Copper is the central metal of the AI / electrification buildout, and FCX just made new all-time highs as the supply story caught up to the demand story.

Why the run has legs:

  • The commodity move is real: copper is at new highs on Grasberg supply disruptions plus multi-year underinvestment across the majors — the 'copper supercycle, $100/lb' framing on X is a coherent read of a genuine multi-year deficit setup.
  • The earnings are following through: Q1 revenue grew 12% year-on-year, operating margin jumped to 34% (from 14% the prior quarter), and FCF yield is 6.9% — not spot-price fluff, the operating leverage on price is coming through.
  • The multiple isn't extreme for a cycle-high miner: 33x earnings, 10x EV/EBITDA, 3.4x sales — miners trade for peak-cycle multiples that then unwind through earnings; the risk is copper mean-reverting before FY27 earnings catch up.
  • Insiders trimming into strength: officer Currault exercised and sold $6.3M, others sold ~$1.6M combined — normal distribution at highs, but no insider is adding here.

The October 22 print has to defend the price-realization math — a full quarter of copper at $5+/lb through the P&L extends the run into year-end; a Grasberg permit hiccup or a China property-sector wobble hitting copper demand is what breaks the tape.

Agrees with X sentimentAgree — the crowd's copper-supercycle framing is directionally right and supported by real mechanics (Grasberg supply disruptions, majors underinvested, copper/M2 historically cheap); the risk they aren't pricing is the mean-reversion in copper spot before FY27 earnings catch up, and the modest insider distribution at highs.

What to watch: October 22 earnings — the specific number is realized-copper price and unit costs; a Grasberg permit issue or a China demand wobble (property-sector weakness bleeds into copper) is what breaks the tape at 33x earnings.

On the calendar: 2026-10-22 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment45 posts analyzed · as of 2026-08-30

The copper crowd is unabashedly euphoric as Freeport-McMoRan breaks $80 to a new all-time high on AI-electrification demand and cascading supply disruptions at Grasberg, Collahuasi, Spence, Los Pelambres and El Teniente. Bulls cite Tom Lee's Granny fund holding it at 2.66% and S&P Global forecasting copper demand rising from 28Mt to 42Mt by 2040. A few tactical voices warn against chasing the extension and call for a pullback to $71 to $73.

Read the AI verdict + X sentiment for $FCX

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

World's largest publicly-traded copper miner, with the Grasberg mine and additional gold and molybdenum production.

Industry overviewAI analysisGenerated by AI from underlying data

Where Copper sits in its cycle right now — and what that implies for $FCX.

Copper · Basic Materials

Copper demand is driven by two structural forces in parallel: grid infrastructure buildout (electrification) and data center cooling/wiring for AI deployments. Supply constraints from aging mine infrastructure and declining ore grades support the long-term price floor.

What this means for $FCX

Partial — upstream oil & gas exposure ties to commodity price cycle; Freeport-McMoRan Inc.

Top industry ETF

$COPXGlobal X Copper Miners ETF
+14.2%YTD
+92.9%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
33.5How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
9.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
27.8%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
6.9%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
3.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
14.5%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
27.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.5Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 22, 2026$0.68$0.60+13.3%
Q1 2026Apr 23, 2026$0.57$0.47+22.2%
Q4 2025Jan 22, 2026$0.47$0.29+64.8%
Q3 2025Oct 23, 2025$0.50$0.42+18.7%
Next earningsThu, Oct 22·consensus EPS $0.73

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$6.2B+12.2%26.5%34.3%$0.61$522.0M
Q4 FY25$5.6B-4.2%18.1%14.4%$0.28$1.7B
Q3 FY25$7.0B+4.4%29.9%28.1%$0.46$608.0M
Q2 FY25$7.6B+19.0%34.1%32.1%$0.53$3.4B

Forward consensus

5-year forecast · up to 14 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$29.2B$27.4B – $32.5B$2.92$2.19 – $3.3413
FY27$35.2B$29.6B – $39.1B$3.97$2.66 – $5.5014
FY28$36.6B$33.0B – $40.2B$4.38$2.44 – $6.2813
FY29$39.9B$36.3B – $44.7B$4.93$4.35 – $5.7112
FY30$38.9B$35.5B – $43.7B$3.90$3.45 – $4.536

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.2×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.92%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+16.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+27.2%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMega float · 1.4B shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.385-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 27Lydia H KennardDirector3.8K sh$300KSellAug 25Douglas N. CurraultEVP & General Counsel80.0K sh$6.3MSellAug 5Ellie L. MikesChief Accounting Officer4.8K sh$334KSellAug 5Stephen T. HigginsEVP & CAO14.3K sh$992KSellJul 30Stephen T. HigginsEVP & CAO7.5K sh$476K
+ 15 other (13 awards · 1 exempt · 1 gift) in window

See when $FCX insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJul 238-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

FCX filed an 8-K disclosing financial results for the reported period under Item 2.02. press release dated July 23, 2026, announcing its second-quarter and six-month 2026 financial and operating results. Results were simultaneously disclosed under Regulation FD (Item 7.01), indicating simultaneous public release. This is a routine earnings disclosure; investors should review the accompanying press release (Exhibit 99.1) for revenue, earnings, and guidance details.

8-KShareholder voteJun 108-K — Item 5.07: Shareholder vote
AI summary

Freeport-McMoRan Inc. (FCX) held its 2026 Annual Meeting on June 10, 2026, with 1.22 billion of 1.44 billion eligible shares represented. Eleven director nominees were all elected, executive compensation was approved on an advisory basis (~97% for), and Ernst & Young LLP was ratified as auditor. The board size was reduced from 12 to 11 following Robert W. Dudley's previously-announced departure as of the meeting date. Routine governance with an unremarkable say-on-pay result.

8-KAgreement terminatedMay 208-K — Item 1.01: Material agreement · Item 1.02: Agreement terminated · Item 2.03: Material debt obligation
AI summary

McMoRan Inc. (FCX) disclosed a material definitive agreement under Item 1.01, reporting a merger or acquisition transaction involving growth company as defined in Rule. The deal is valued at approximately $3.0 billion. Details of the transaction terms, consideration structure, and closing conditions are set forth in the full 8-K filing. Definitive merger agreements are among the most material events a public company can disclose, triggering regulatory review and shareholder vote requirements.

8-KPress release / Reg FDApr 238-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

McMoRan Inc. (FCX) reported financial results for a recent fiscal period in an 8-K filed under Item 2.02. The filing includes key financial metrics including revenue, operating income, and per-share results. Results of operations disclosures under Item 2.02 typically accompany an earnings press release furnished as an exhibit, making them available concurrently with the earnings call. These filings provide the market with transparent, timely financial performance data for investment analysis.

8-KOfficer or director changeMar 238-K — Item 5.02: Officer or director change
+ 7 other (2 10-Qs · 2 13Gs · 2 proxys · 1 ARS) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insightszacks.com·3d agoHere's Why Freeport-McMoRan (FCX) is a Strong Momentum Stockzacks.com·3d agoFCX vs. BHP: Which Copper Mining Giant Should You Bet on Now?zacks.com·4d agoBank of Nova Scotia Sells 1,334,941 Shares of Freeport-McMoRan Inc. $FCXdefenseworld.net·7d agoFreeport-McMoRan Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Freeport-McMoRan Inc. - FCXbusinesswire.com·7d ago

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