Freeport-McMoRan Inc. ($FCX) Stock Forecast: Up 6.0% Today

What is Freeport-McMoRan Inc.?

Freeport-McMoRan Inc. (FCX) is a leading international mining company recognized for its production of copper, gold, and molybdenum. Today, FCX witnessed a significant positive movement in the stock market.

Why is Freeport-McMoRan Inc. going up?

FCX stock is up 6.0% on Apr 1, 2026 16:51

• A recent investment by Shrier Wealth Management LLC into FCX, alongside ongoing insider selling, likely enhanced investor confidence in the company's growth potential.
• The partnership announcement between Datavault AI and Coppercore Inc. to tokenize copper resources into Coppercoin potentially sparked enthusiasm surrounding FCX's position in the copper market, contributing to the current upward trend.
• Despite some negative sentiment from Jim Cramer on FCX regarding concerns about copper prices peaking, strong quarterly results and favorable analyst outlooks prevailed, propelling the stock price upwards.
• Southern Copper's ambitious expansion plans and the overall positive outlook on copper as a crucial material for the energy transition may have also played a role in driving FCX's positive movement.

FCX Price Chart

FCX Technical Analysis

FCX News

Shrier Wealth Management LLC Makes New Investment in Freeport-McMoRan Inc. $FCX

Shrier Wealth Management LLC has made a new investment in Freeport-McMoRan Inc. (FCX), acquiring 27,957 shares worth approximately $1.42 million. This investment comes despite recent insider selling by company executives. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $62.40 for FCX.

https://www.marketbeat.com/instant-alerts/filing-shrier-wealth-management-llc-makes-new-investment-in-freeport-mcmoran-inc-fcx-2026-04-01/

Southern Copper (SCCO) Is Up 7.6% After Unveiling US$19.9 Billion Decade-Long Copper Expansion Plan

Southern Copper (SCCO) has announced a US$19.9 billion investment plan over the next decade aimed at boosting copper production to about 1.6 million tons annually by 2035. This strategy positions the company as a major supplier of energy-transition materials, despite anticipated near-term challenges from weaker ore grades in Peru. The move reinforces its long-term growth story but introduces new risks related to execution and cost control, while raising questions about future dividend payouts amidst rising capital expenditure.

https://simplywall.st/stocks/us/materials/nyse-scco/southern-copper/news/southern-copper-scco-is-up-76-after-unveiling-us199-billion

Freeport-McMoRan (NYSE:FCX) Shares Up 7.7% - Should You Buy?

Freeport-McMoRan (NYSE:FCX) shares rose 7.7% in midday trading, reaching $58.85 with significant trading volume. The company's recent quarterly results exceeded analyst expectations for both EPS and revenue. Despite positive analyst sentiment and growth forecasts, insiders have sold a considerable amount of shares in the past 90 days.

https://www.marketbeat.com/instant-alerts/freeport-mcmoran-nysefcx-shares-up-77-should-you-buy-2026-03-31/

Datavault AI and Coppercore Tokenize Copper Resources into Coppercoin

Datavault AI and Coppercore Inc. have partnered to tokenize significant copper resources into a new digital asset called Coppercoin. This initiative aims to provide global investors with transparent, fractional, and liquid ownership in the copper market, linking its pricing to the COMEX copper benchmark. The initial $100 million program is slated for launch by the end of Q2 2026, making copper exposure accessible 24/7.

https://nationaltoday.com/us/pa/philadelphia/news/2026/03/31/datavault-ai-and-coppercore-tokenize-copper-resources-into-coppercoin/

Jim Cramer on Freeport-McMoRan: “I Don’t Want to Be There”

Jim Cramer expressed a bearish view on Freeport-McMoRan (NYSE:FCX), citing his belief that copper prices are peaking. He noted that fiber is replacing copper in data centers and China's reduced construction activity is impacting demand. While acknowledging gold's strength, Cramer advised caution on FCX despite the company's involvement in both metals.

https://www.insidermonkey.com/blog/jim-cramer-on-freeport-mcmoran-i-dont-want-to-be-there-1728806/

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Freeport-McMoRan Inc. Price History

10.02.2026 - FCX Stock was up 6.8%

• FCX received a Buy rating from Freedom Capital Markets, with a price target increase to $76 from $47, supported by an optimistic copper market outlook and the company's competitive position.
• The extension of operational rights at the Grasberg mine beyond 2041, accompanied by an additional 12% ownership transfer, bolstered positive sentiment towards FCX.
• Despite some institutional investors reducing their holdings in FCX, overall market sentiment remained upbeat driven by favorable developments and the company's outlook.
• Analysts' assessments of FCX varied, with a prevailing Strong Buy consensus and a target price of $66.90, reflecting optimism about the stock's potential in the materials sector.

10.02.2026 - FCX Stock was up 8.7%

• Several institutional investors like Capital Research Global Investors, Capital International Ltd. CA, and Capital Group Investment Management PTE. LTD. have sold off significant portions of their stakes in Freeport-McMoRan Inc., but the stock still saw a bullish trend.
• The increase in holdings by other institutions such as Vanguard Group, Fisher Asset Management, Great Lakes Advisors LLC, and Summit Global Investments could have contributed to the positive market movement.
• Analysts maintaining a "Moderate Buy" rating with a target price of $62.59 for $FCX, despite insider selling activities, suggests confidence in the company's future performance.
• The bullish movement may also be influenced by the overall positive sentiment in the mining industry or specific company developments outside disclosed sources.

30.02.2026 - FCX Stock was down 5.1%

• The bearish movement in FCX's stock could be attributed to the negative sentiment surrounding the company's CapEx per share data, possibly indicating concerns about its capital expenditure efficiency.
• The contrasting performance of Southern Copper Corp (SCCO) with a sharp decline in the past month and ongoing valuation debates might have influenced the broader sentiment in the mining sector, impacting FCX negatively.
• StoneX's forecast of continued volatility in base metal prices, especially in copper, could have added to the uncertainty surrounding FCX's future prospects, leading to the bearish market movement.
• Overall, the combination of company-specific financial metrics, industry trends, and market forecasts likely contributed to the bearish sentiment and downward pressure on FCX's stock price today.

19.02.2026 - FCX Stock was down 9.6%

• The bearish movement in FCX stock today can be attributed to multiple factors:
• Analyst upgrades and conflicting valuation perspectives might have created uncertainty among investors, leading to profit-taking and a downward pressure on the stock price.
• The news of seeking a permit for a $7.5 billion mine expansion in Chile could have raised concerns about potential capital outflow and increased operational risks, impacting investor sentiment negatively.
• The broader weakness in the copper sector, as evidenced by the decline in Southern Copper stock and other mining ETFs, could have contributed to the bearish trend in FCX shares.
• A decrease in stake by an institutional investor suggests a shift in sentiment towards the copper mining sector, possibly influencing other investors to reevaluate their positions and leading to selling pressure on the stock.

20.02.2026 - FCX Stock was up 5.4%

• Freeport-McMoRan's bullish movement can be attributed to the company's strategic initiative to expand its El Abra copper mine in Chile, aligning with rising global copper demand.
• The positive market sentiment towards Freeport-McMoRan may have been further bolstered by the company's efforts to streamline permitting processes in Chile, enhancing operational efficiency.
• The broader copper industry dynamics, as discussed in a recent copper ore industry report for Chile, may have also positively influenced investor confidence in Freeport-McMoRan's growth prospects.
• Overall, Freeport-McMoRan's bullish performance today reflects both company-specific developments and favorable industry trends in the copper market.

31.02.2026 - FCX Stock was up 5.3%

• FCX stock surged despite a 2.9% drop earlier due to an analyst downgrade, showcasing resilience in the face of market volatility.
• The diverging macro signals affecting oil and copper prices created uncertainty, but FCX managed to overcome these challenges with its positive quarterly earnings results.
• Despite insider selling and concerns about economic strength, FCX's bullish movement could be attributed to investors' optimism about the company's dividend announcements and overall market sentiment.
• The underperformance compared to competitors highlights the stock's ability to bounce back and outperform expectations, indicating potential growth opportunities for traders.

01.03.2026 - FCX Stock was up 5.3%

• A new investment from Shrier Wealth Management LLC in FCX, along with recent insider selling, likely boosted market confidence, suggesting growth potential.
• Surpassing analyst expectations, FCX reported better-than-anticipated quarterly results, with both EPS and revenue beating forecasts, attracting increased investor attention.
• The partnership between Datavault AI and Coppercore to tokenize copper resources as Coppercoin could have positively influenced FCX, introducing innovation and access to the copper market.
• Concerns raised by Jim Cramer about FCX, expressing skepticism over peak copper prices, may have caused some uncertainty. Nevertheless, the prevailing market sentiment appears to have overshadowed this skepticism, propelling the stock's bullish movement.

13.02.2026 - FCX Stock was down 5.3%

• The decline in FCX stock today can be linked to several factors:
• Decreasing gold prices influenced by a strengthening US dollar and reduced geopolitical tensions impacting the sentiment towards precious metals and copper.
• Concerns regarding lower gold production and higher projected costs in 2026, putting pressure on FCX's performance.
• Despite impressive quarterly earnings, institutional selling and insider net sales have affected investor confidence, leading to a downturn in the stock value.
• The conflicting valuation assessments, with the DCF model indicating undervaluation and the high P/E ratio pointing to potential overvaluation, could have added to the uncertainties surrounding FCX's stock.

13.02.2026 - FCX Stock was down 5.3%

• The bearish movement in FCX's stock price today could be attributed to the mixed signals in the market:
• The discovery of high-grade silver-copper-antimony and silver-lead veins by Americas Gold and Silver Corporation might have increased investor interest in precious metals, potentially diverting attention from FCX's base metal focus.
• Conflicting valuation analyses of FCX, with the DCF model suggesting undervaluation while the high P/E ratio indicates overvaluation, could have caused uncertainty among investors, leading to selling pressure.
• The significant increase in stakes by institutional investors like Mackenzie Financial Corp and Magnetar Financial LLC might have raised concerns among retail investors about potential insider knowledge or market manipulation, triggering a sell-off.
• Overall, the market sentiment towards FCX today seems to have been influenced by a combination of sector-specific developments, valuation concerns, and institutional trading activities, contributing to the bearish movement in the stock price.

25.02.2026 - FCX Stock was up 6.3%

• Freeport (FCX) announced a cash dividend of $0.15 per share, signaling a positive outlook on the company's financial performance and a commitment to providing value to shareholders.
• Following the announcement of a $7.5 billion expansion plan for its El Abra copper mine in Chile, Freeport (FCX) saw a 5.2% decline in stock value. However, the market responded positively to the company's long-term copper demand projections and growth strategies.
• Geopolitical uncertainties and industry challenges impacting Southern Copper may have indirectly favored Freeport (FCX) as investors sought stability and growth opportunities in the metals sector.
• The uptrend in Freeport's stock value can be attributed to investors acknowledging the company's resilience in volatile markets and its strategic presence in key metal production regions.

01.03.2026 - FCX Stock was up 6.0%

• A recent investment by Shrier Wealth Management LLC into FCX, alongside ongoing insider selling, likely enhanced investor confidence in the company's growth potential.
• The partnership announcement between Datavault AI and Coppercore Inc. to tokenize copper resources into Coppercoin potentially sparked enthusiasm surrounding FCX's position in the copper market, contributing to the current upward trend.
• Despite some negative sentiment from Jim Cramer on FCX regarding concerns about copper prices peaking, strong quarterly results and favorable analyst outlooks prevailed, propelling the stock price upwards.
• Southern Copper's ambitious expansion plans and the overall positive outlook on copper as a crucial material for the energy transition may have also played a role in driving FCX's positive movement.

06.02.2026 - FCX Stock was down 5.3%

• FCX saw a decrease in market performance due to a notable increase in its average unit net cash cost per pound of copper in Q4 2025, impacting margins and raising concerns about cost management.
• The decline in short interest towards FCX indicates a more positive market sentiment, but the anticipated cost escalation for Q1 2026 may have prompted profit-taking and selling pressure.
• The recent stock pullback in FCX could be linked to the September mine disruption, underscoring the operational hurdles the company confronts despite the favorable long-term copper price outlook.
• The potential settlement between ConocoPhillips and Louisiana regarding coastal damage lawsuits might have diverted investor focus from FCX, potentially contributing to the stock's downturn.