FCX

Freeport-McMoRan looks undervalued relative to current copper prices, with the stock pricing in roughly $5.70 copper, about 13% below spot. Grasberg is running slightly ahead of its revised plan, and FCX reaffirmed its target of 80% capacity by mid-2027 and near-full capacity by year-end 2027. Using a 7.0x EV/EBITDA multiple on about $20B of average 2027/2028 EBITDA at $6.50/lb copper, with partners' stakes (NCI) included in EV, I get an $85 target, about 22% upside.

Five mining and precious-metals royalty companies, FCX, FNV, LUNMF, OR and WPM are poised to beat third-quarter 2026 earnings estimates as elevated metal prices support growth.

Tom Yeung here with your Sunday Digest . Plenty of folks know that copper is an essential metal for electronics.

Freeport-McMoRan is a major copper producer. Its shares seem overvalued at recent levels, though.

Freeport-McMoRan (FCX) closed at $71.14 in the latest trading session, marking a -1% move from the prior day.

Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Deutsche Bank believes the surge in copper prices in its early inning only. According to the investment firm, aggressive demand from artificial intelligence (AI) and electric vehicles (EVs) could drive copper prices up to $10 a pound, or $22,050 per metric ton.

Freeport-McMoRan (FCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Price swings send plenty of investors running for the exits. To a trader who spent years making markets on an options floor, those same swings look like the opportunity.

FCX's Q3 copper and gold output met expectations as Grasberg recovery advances, with major growth projects also moving forward.