Freeport-McMoRan Inc. ($FCX) Stock Forecast: Down 6.6% Today

What is Freeport-McMoRan Inc.?

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

Why is Freeport-McMoRan Inc. going down?

FCX stock is down 6.6% on Jan 30, 2026 20:41

• The increased activity in options trading across materials stocks, including FCX, might have led to speculative bearish sentiment in the market.
• Despite Summit Global Investments significantly increasing its stake in FCX and positive market sentiment following strong Q4 earnings, the selling of shares by New York State Common Retirement Fund could have contributed to the bearish movement.
• The rise in copper prices due to supply constraints and strong demand did not seem to positively impact FCX's performance today.
• The overall market sentiment towards FCX, influenced by insider share sales and reduced quarterly dividend, might have outweighed the positive news of analyst upgrades and strong earnings, resulting in the bearish movement.

FCX Price Chart

FCX Technical Analysis

FCX News

10 Materials Stocks Whale Activity In Today's Session

This article identifies significant "whale" options trading activity across 10 materials stocks, including Alamos Gold (NYSE:AGI) and Freeport-McMoRan (NYSE:FCX). It details various call and put option trades with specific expiration dates, strike prices, and sentiment (bearish or bullish) for each company. The report serves as a tool for traders to spot potential opportunities based on large-scale market movements.

https://www.benzinga.com/insights/options/26/01/50274650/10-materials-stocks-whale-activity-in-todays-session

Here's Why Southern Copper Shares Popped Higher This Week

Southern Copper Corporation's shares rose by 12.8% this week, driven by a copper price spike to an all-time high. This surge is attributed to supply constraints and strong, ongoing demand, especially from data centers. Major producers like Southern Copper and Freeport-McMoRan anticipate lower production volumes in 2026, contributing to a positive outlook for copper prices.

https://www.theglobeandmail.com/investing/markets/stocks/NFLX-Q/pressreleases/37320745/here-s-why-southern-copper-shares-popped-higher-this-week/

Summit Global Investments Increases Holdings in Freeport-McMoRan Inc. $FCX

Summit Global Investments significantly increased its stake in Freeport-McMoRan Inc. (FCX) by 278.4% in Q3, now holding 46,157 shares valued at $1.81 million. This increase follows Freeport-McMoRan beating Q4 earnings and revenue estimates, driven by strong copper demand. Despite a reduced quarterly dividend and insider share sales, analyst upgrades and positive market sentiment position the stock favorably.

https://www.marketbeat.com/instant-alerts/filing-summit-global-investments-increases-holdings-in-freeport-mcmoran-inc-fcx-2026-01-30/

New York State Common Retirement Fund Sells 370,200 Shares of Freeport-McMoRan Inc. $FCX

The New York State Common Retirement Fund reduced its stake in Freeport-McMoRan Inc. by 18.6% in the third quarter, selling 370,200 shares. Despite this, Freeport-McMoRan has seen positive market sentiment, including strong Q4 earnings, analyst upgrades, unusual call option activity, and benefits from rising copper demand for electrification and AI data centers. Institutional investors hold 80.77% of the company's stock, though some insiders recently sold shares.

https://www.marketbeat.com/instant-alerts/filing-new-york-state-common-retirement-fund-sells-370200-shares-of-freeport-mcmoran-inc-fcx-2026-01-30/

TD Waterhouse Canada Inc. Has $14.22 Million Holdings in Freeport-McMoRan Inc. $FCX

TD Waterhouse Canada Inc. has increased its stake in Freeport-McMoRan Inc. by 15.7%, now holding shares worth $14.22 million. Other institutional investors have also adjusted their holdings in the natural resource company, which has seen positive analyst upgrades and reported strong quarterly earnings exceeding expectations. The company also declared a quarterly dividend and is benefiting from macro tailwinds in the copper market.

https://www.marketbeat.com/instant-alerts/filing-td-waterhouse-canada-inc-has-1422-million-holdings-in-freeport-mcmoran-inc-fcx-2026-01-30/

Trending Today

Lemonda Inc. ($LMND) Stock Forecast: Down 7.0% Today

GlobalFoundries Inc. ($GFS) Stock Forecast: Down 5.2% Today

Astera Labs Inc ($ALAB) Stock Forecast: Down 5.5% Today

Applied Materials Inc. ($AMAT) Stock Forecast: Down 5.0% Today

Take-Two Interactive Software Inc. ($TTWO) Stock Forecast: Down 9.1% Today

Freeport-McMoRan Inc. ($FCX) Stock Forecast: Down 6.6% Today

Newmont Mining Corporation ($NEM) Stock Forecast: Down 10.7% Today

KLA-Tencor Corporation ($KLAC) Stock Forecast: Down 15.5% Today

Lam Research Corporation ($LRCX) Stock Forecast: Down 5.8% Today

Advanced Micro Devices Inc. ($AMD) Stock Forecast: Down 5.2% Today

Freeport-McMoRan Inc. Price History

29.00.2026 - FCX Stock was up 6.4%

• A notable increase in institutional ownership by Great Lakes Advisors LLC has strengthened investor confidence in Freeport-McMoRan Inc.'s growth prospects.
• Freeport-McMoRan's stock performance has been positively influenced by rising copper prices, fueled by growing demand and limited supply.
• Despite challenges like the Grasberg mudslide and dividend reductions, Freeport-McMoRan surpassed Q4 earnings expectations, leading to analyst upgrades and a surge in the stock price to a 52-week high.
• Investors are paying close attention to Freeport-McMoRan's production projections, operational costs, and the gradual resumption of activities at the Grasberg mine, while also assessing factors such as regulatory hurdles and insider transactions.

03.11.2025 - FCX Stock was up 5.0%

• FCX showed a bullish trend today amidst legal challenges and class action lawsuits concerning alleged securities fraud related to safety issues at its Grasberg Block Cave mine in Indonesia.
• The positive market movement may be linked to strong Q3 earnings that surpassed expectations, leading to a consensus "Buy" rating from analysts and institutional investors adjusting their positions in the company.
• The issuance of Autocallable Buffered Basket-Linked Notes by Goldman Sachs Group Inc. could have also played a role in boosting market sentiment, contributing to FCX's upward movement.
• Despite legal uncertainties, FCX's strength in the market could reflect investor faith in the company's operational performance and future outlook.

21.00.2026 - FCX Stock was up 5.2%

• Institutional investors Rakuten Investment Management Inc. and Allstate Corp have acquired substantial stakes in FCX, signaling confidence in its growth potential, contributing to the uptrend in FCX stock.
• Despite selling activity from Anchor Capital Advisors LLC and company CAOs, analysts' consensus "Buy" rating with a target price of $54.30 has bolstered investor confidence.
• Record high copper prices, influenced by factors like tariff uncertainty and speculative positioning, have positively impacted FCX's stock performance, given its copper mining focus.
• Billionaire Chamath Palihapitiya's endorsement of copper as a lucrative investment due to increasing demand for power in AI infrastructure aligns with the optimistic market movement for FCX.

18.10.2025 - FCX Stock was up 5.6%

• FCX stock rose after unveiling plans to restart large-scale production in Indonesia, specifically at its Grasberg operations, potentially fueling the uptrend.
• Investor optimism has grown due to the expected increase in production and revenue from the Indonesian mines, resulting in the stock price moving upwards.
• While the announcement of a class-action lawsuit by Robbins Geller Rudman & Dowd LLP initially raised concerns among investors, the positive operational news appears to have outweighed these legal challenges, driving the overall bullish sentiment.

11.11.2025 - FCX Stock was up 6.4%

• FCX's recent market performance has been positive despite ongoing legal challenges related to its Grasberg Block Cave mine.
• Investors appear to have confidence in the company's ability to address both legal issues and maintain operations.
• The uptrend in FCX's stock may be influenced by favorable developments in the global mining sector, particularly the increased demand for commodities like copper.
• Market sentiment towards FCX remains strong, indicating that investors are optimistic about the company's operational prospects and are less concerned about the legal disputes.

21.10.2025 - FCX Stock was down 5.5%

• The potential occurrence of a class-action lawsuit against Freeport-McMoRan Inc. might have influenced the bearish movement, indicating legal challenges and uncertainties.
• Setbacks at the Grasberg mine affecting Q4 volume and sales could have added to negative investor sentiment, leading to a bearish market response.
• Despite attempts to reset expectations and tackle operational issues at the Grasberg mine, the issuance of lower production guidance could have disappointed investors, contributing to a bearish trend for FCX.
• Overall, legal concerns, operational challenges, and decreased production guidance likely drove the bearish movement in Freeport-McMoRan's stock price today.

06.00.2026 - FCX Stock was up 5.8%

• FCX stock saw a strong uptrend today, climbing almost 5% and nearing its highest point in the past year, boosted by a surge in U.S. copper futures.
• The rise in copper prices, influenced by supply constraints and geopolitical unrest, highlights Freeport's dependence on copper for its profits.
• Analysts, including Jefferies, have increased FCX's price target due to higher Q4 EBITDA and EPS projections following the company's announcement of Q4 realized copper prices.
• Despite grappling with legal issues and lawsuits regarding safety concerns at its Grasberg mine, FCX's positive momentum appears to be driven primarily by the optimistic copper price outlook and the company's financial results.

30.00.2026 - FCX Stock was down 9.4%

• Summit Global Investments significantly increased its stake in FCX, indicating confidence in the company's performance and market outlook.
• The New York State Common Retirement Fund selling some shares may have led to short-term selling pressure on the stock.
• The surge in copper prices to a new record and subsequent pullback likely caused volatility in FCX's stock price, with analysts questioning the sustainability of these high prices.
• A rise in options trading volume, notably call options, suggests increased investor interest and positive sentiment towards FCX, despite concerns about a fatal accident impacting the company's copper output forecast.

30.00.2026 - FCX Stock was down 6.6%

• The increased activity in options trading across materials stocks, including FCX, might have led to speculative bearish sentiment in the market.
• Despite Summit Global Investments significantly increasing its stake in FCX and positive market sentiment following strong Q4 earnings, the selling of shares by New York State Common Retirement Fund could have contributed to the bearish movement.
• The rise in copper prices due to supply constraints and strong demand did not seem to positively impact FCX's performance today.
• The overall market sentiment towards FCX, influenced by insider share sales and reduced quarterly dividend, might have outweighed the positive news of analyst upgrades and strong earnings, resulting in the bearish movement.

30.00.2026 - FCX Stock was down 8.4%

• Despite exceeding Q4 earnings and revenue expectations, Freeport-McMoRan's stock saw bearish activity, potentially due to profit-taking following recent gains.
• Factors such as a decreased stake by the New York State Common Retirement Fund and a reduced 2026 copper output forecast after a fatal incident at the Grasberg mine may have influenced the negative market sentiment.
• Volatility in Freeport-McMoRan's stock price was seen as copper reached a peak of $14,527.50 before retracting, intensifying uncertainties. This led some investors to sell off their holdings.
• While favorable analyst assessments and robust quarterly earnings provided support, concerns about the sustainability of copper prices above $13,000 in the short term, along with insider share sales, likely contributed to the bearish movement.

09.00.2026 - FCX Stock was up 5.0%

• Despite legal issues and safety concerns at the Grasberg mine, FCX exhibited a notable bullish trend in trading activity.
• The uptick in FCX's stock value is primarily rooted in its strong financial standing, bolstered by increasing copper prices and high market demand.
• Various analysts, such as those from JP Morgan, have revised FCX's price targets upwards, highlighting a positive perspective on its growth opportunities and potential market gains.
• Investor focus appears to be pivoting towards FCX's operational efficiency and growth potential rather than its legal and safety obstacles, propelling the bullish movement in its stock value.

11.11.2025 - FCX Stock was up 5.2%

• Recent legal actions accusing Freeport-McMoRan Inc. of deceptive statements concerning safety at its Grasberg Block Cave mine in Indonesia initially caused uncertainty among investors.
• However, FCX's upward movement suggests investor optimism regarding the company's ability to address the accusations and manage potential lawsuit risks.
• The stock's resilience implies that investors may be more interested in the company's financial performance and growth prospects rather than solely focusing on ongoing legal issues.
• This market response underscores the significance of conducting comprehensive research and analysis when making investment choices, looking beyond headline-grabbing legal challenges.