Freeport-McMoRan Inc.
At today's price, Freeport-McMoRan Inc. (FCX) is priced for +19.3% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $68.66 Freeport-McMoRan is priced at about 13x company-wide operating income, implying roughly 23.2% operating growth a year (within its recent pace); no valuation family reaches the price, and the reverse-DCF band of about $41 to $66 sits below the current level, so the price embeds a strong-copper outcome. The bull is the copper macro and the orebody: realized copper rose to $5.78 per pound, Q1 2026 net income jumped to $881 million from $352 million, and the Grasberg minerals district is
Is FCX overvalued? See what's priced in →
1,802 institutional managers reported holding FCX in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 40%. 246 opened new positions that quarter. Held by Vanguard Group, BlackRock, Fisher Investments, among others. On the short side, 31.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FCX has cut its share count 1.9% over the past five years, spending $2.09B on repurchases. It pays a dividend, and has for 16 years running; the current rate is $0.60 a share annually. Cash returned over the past three years: $2.38B in dividends and $259.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FCX over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FCX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -0.1% | -13.7% |
| 2023-11-04 | -4.9% | +17.8% |
| 2024-02-17 | -2.0% | +27.8% |
| 2024-05-09 | -1.4% | +0.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FCX's latest 8-K filings: 2026-06-10 (items 5.07); 2026-05-20 (items 1.01, 1.02, 2.03, 9.01); 2026-04-23 (items 2.02, 7.01, 9.01); 2026-03-23 (items 5.02); 2026-02-24 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.