Freeport-McMoRan Stock Receives Strong Buy Rating from Analysts
Freeport-McMoRan Inc. (FCX) has outperformed the broader market over the past year, with its stock rising by 39% compared to a 16.3% gain for the S&P 500 Index ($SPX). In 2026 alone, FCX shares have gained 18.3%, surpassing the SPX's YTD increase of 8.5%. The company has benefited from historically high copper and gold prices as well as progress in restoring production at its Grasberg mine in Indonesia after a 2025 accident. FCX reported Q2 results with adjusted EPS of $0.74, exceeding expectations of $0.62, while revenue reached $7 billion against forecasts of $6.5 billion. Analysts expect FCX's earnings to grow by 39.6% for the current fiscal year ending in December. Among 23 analysts covering FCX stock, a
Tickers: $FCX
Topics: analyst ratings FCX stock Freeport-McMoRan mining sector