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Freeport-McMoRan

Basic Materials Updated August 09, 2026
$69.68
52W $35.15 – $72.28
59/100
$100.08B
34.3
1.38
AI Committee Verdict
Buy
59/100
Conviction: High · 83% agreement · 6 analysts
+0.2%
-19.6%
0.01:1
High
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
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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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Explore FCX Further

📈 Rating History 💰 Earnings 📰 Recent Events 🔄 What Changed 📖 Thesis Evolution 🔍 Similar Stocks
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