FCX · NASDAQ · STOCK
Freeport-McMoRan
$69.68
52W $35.15 – $72.28
59/100
$100.08B
34.3
1.38
⚠
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 59/100
, based on 6 analysts with 83% agreement.
Last updated August 09, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.58 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 — -4.42 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 market regime is bullish (bull market -- normal position sizing). The main limiting factor is bollinger bandwidth of 21.6% signals elevated volatility. 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 34.0 is moderate-to-rich — Value
- Revenue declining -24.2% YoY -- this is not a growth story right now — Growth
- RSI at 71 is in overbought territory — Technical
- Bollinger bandwidth of 21.6% signals elevated volatility — Risk
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 August 09, 2026
Overall Committee Score
59/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 35%
of 54 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 34.0 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
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− RSI at 71 is in overbought territory
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 21.6% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 27 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 59.4 to 59.4.
Comparing 2026-08-08 to 2026-08-09 (1 day apart).
Technical Analysis
RSI (14)
71.0
Overbought
MACD Histogram
0.983
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$56.00
Resistance
$69.75
Bollinger %B
0.98
Inside Bands
Price vs Moving Averages
EMA 9
$66.16
Above
EMA 21
$64.23
Above
EMA 50
$63.46
Above
EMA 200
$58.35
Above
Fundamental Analysis
Valuation
56
Growth
90
Profitability
43
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
34.3×
P/B Ratio
5.00×
PEG Ratio
0.64
Dividend Yield
0.86%
52W High
$72.28
52W Low
$35.15
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 34.3 (rich relative to a 15-40x range); Price-to-book of 5.0x; PEG ratio of 0.6 (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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