FCX · NYSE · STOCK
Freeport-McMoRan (FCX) Stock Analysis
$77.82
52W $35.15 – $77.33
58/100
$110.22B
37.8
1.38
Is FCX Bullish or Bearish?
Bullish.
Innellis AI committee rates Freeport-McMoRan (FCX) Buy with a composite score of 58/100
, based on 6 analysts with 83% agreement.
Last updated August 24, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.78 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 — -3.22 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 eps growing 53.1% yoy. The main limiting factor is bollinger bandwidth of 23.3% 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 33.3 is moderate-to-rich — Value
- Revenue declining -24.2% YoY -- this is not a growth story right now — Growth
- RSI at 77 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 23.3% 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 24, 2026
Overall Committee Score
58/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 35%
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 33.3 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 77 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 23.3% signals elevated volatility
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
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
Investment Thesis Evolution
Committee score moved marginally from 58.2 to 58.2.
Comparing 2026-08-23 to 2026-08-24 (1 day apart).
Technical Analysis
RSI (14)
76.6
Overbought
MACD Histogram
0.628
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
1.11
Above Upper Band
Price vs Moving Averages
EMA 9
$70.03
Above
EMA 21
$67.63
Above
EMA 50
$65.46
Above
EMA 200
$59.40
Above
Fundamental Analysis
Valuation
49
Growth
90
Profitability
43
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
37.8×
P/B Ratio
5.50×
PEG Ratio
0.70
Dividend Yield
0.78%
52W High
$77.33
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 37.8 (rich relative to a 15-40x range); Price-to-book of 5.5x; 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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