FCX · NYSE · STOCK
Freeport-McMoRan (FCX) Stock Analysis
$73.70
52W $38.54 – $80.24
63/100
$105.93B
36.3
1.39
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is FCX Bullish or Bearish?
Bullish.
Innellis AI committee rates Freeport-McMoRan (FCX) Buy with a composite score of 63/100
, based on 5 analysts with 80% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +11.94 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -8.06 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is price structure making higher highs and higher lows. The main limiting factor is sector concentration is already high (hhi 2796.97). The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- ROE of 15.3% shows genuine earnings power backing the valuation — Value
- EPS growing 53.1% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 35.8 is moderate-to-rich — Value
- Revenue declining -24.2% YoY -- this is not a growth story right now — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
63/100
Agreement
80%
Analysts
5
Conviction
High
Sector Rank
Top 13%
of 99 Basic Materials peers
Value Analyst
bullish
60
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ ROE of 15.3% shows genuine earnings power backing the valuation
− P/E of 35.8 is moderate-to-rich
Growth Analyst
bullish
66
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 53.1% YoY
− Revenue declining -24.2% YoY -- this is not a growth story right now
Technical Analyst
bullish
69
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
55
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score strengthened from 59.0 to 63.1.
- Conviction changed from moderate to high.
- Committee agreement increased sharply from 60% to 80%.
- New bearish signals: 1 appeared.
- New bullish signals: 4 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Technical Analyst.
Analyst-level changes:
- Technical Analyst: stance neutral->bullish; score 48->69 (+20); +4 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
61.7
Neutral
MACD Histogram
0.062
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$56.00
Resistance
$80.23
Bollinger %B
0.88
Inside Bands
Price vs Moving Averages
EMA 9
$72.05
Above
EMA 21
$71.90
Above
EMA 50
$70.67
Above
EMA 200
$63.29
Above
Fundamental Analysis
Valuation
52
Growth
90
Profitability
43
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
36.3×
P/B Ratio
5.29×
PEG Ratio
0.67
Dividend Yield
0.81%
52W High
$80.24
52W Low
$38.54
Quality & Growth
ROE
1166.2%
ROA
378.9%
Gross Margin
2684.8%
Operating Margin
2670.1%
Revenue Growth YoY
—
Debt / Equity
0.52
AI Fundamental Assessment
P/E ratio of 36.3 (rich relative to a 15-40x range); Price-to-book of 5.3x; PEG ratio of 0.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.7%; Return on assets of 3.8%; Net margin of 11.4%; Gross margin of 26.8%; Current ratio of 2.07 (healthy short-term liquidity); Debt-to-equity of 0.52; Free cash flow per share is positive (4.10); Most recent quarter beat estimates by 24.2%; 5 consecutive earnings beats; EPS growth accelerating (+21.3% -> +29.8% QoQ); Average YoY EPS growth of 37.0%; Analyst estimates rising over recent quarters
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