Freeport-McMoRan Inc.
In the published model solve dated 2026-Q2, anchored at $76.28, Freeport-McMoRan Inc. (FCX) is priced for today's economics sustained for ~7.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Grasberg is the whole story: the Indonesian district produced ⟦Production from the Grasberg minerals district totaled 1.0 billion pounds of copper and 0.9 million ounces of gold in 2025⟧ against 1.8 billion pounds of copper the year before, and the phased restart after the September 2025 mud rush is what the next two years turn on. • PTFI's concentrate export licence expired on September 16, 2025 and was not renewed, so every ton of Indonesian concentrate must now pass through Freeport's own s
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: 2026-07-23 (items 2.02, 7.01, 9.01); 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).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.