Freeport-McMoRan (FCX)
Materials · NYSE · US
Price as at 11 Aug 2026, 11:17 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Freeport-McMoRan trades at $70.51, close to the $72.77 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 60 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 32.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FCX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.450 | 3 |
| 2025 | $0.600 | 4 |
| 2024 | $0.600 | 4 |
| 2023 | $0.600 | 4 |
| 2022 | $0.600 | 4 |
| 2021 | $0.225 | 3 |
| 2020 | $0.050 | 1 |
| 2019 | $0.200 | 4 |
| 2018 | $0.150 | 3 |
| 2015 | $0.574 | 4 |
| 2014 | $1.25 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
FCX earnings and analyst estimates
Recommendation mix, 23 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Freeport-McMoRan
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
FCX passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
21 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Fisher, Fisher Asset Management, LLC$3.83B · 1.3% of book
- Capital Research Global, Capital Research Global Investors$2.40B · 0.4% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$746.53M · 0.3% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$744.61M · 0.3% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$660.80M · 0.4% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Freeport-McMoRan (FCX) undervalued?
Against our fair value estimate of $72.77, FCX at $70.51 is 3% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own FCX?
21 of the institutions we track reported a position in FCX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is FCX's P/E ratio?
FCX trades at 32.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Freeport-McMoRan (FCX) pay a dividend?
Yes. Freeport-McMoRan yields 0.98% at the current share price. It has paid $0.600 per share over the trailing twelve months. It has paid a dividend in each of the last 8 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its FCX data?
Fundamentals for FCX come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 11 Aug 2026, 11:17 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for FCX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.