Freeport-McMoRan Inc. ($FCX) Stock Forecast: Down 5.3% Today

What is Freeport-McMoRan Inc.?

Freeport-McMoRan Inc. (FCX) is a leading international mining company specializing in the production of copper, gold, and molybdenum. The company manages extensive, long-lasting assets with significant reserves of copper, gold, and molybdenum.

Why is Freeport-McMoRan Inc. going down?

FCX stock is down 5.3% on Mar 13, 2026 18:41

• 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.

FCX Price Chart

FCX Technical Analysis

FCX News

Newmont Corporation Stock (NEM) Moved Down by 4.14% on Mar 13: Facts Behind the Movement

Newmont Corporation (NEM) stock dropped by 4.14% on March 13, influenced by declining gold prices due to a stronger US dollar and easing geopolitical tensions. Further pressure comes from the Federal Reserve's expectation of fewer rate cuts, making gold less appealing, and company-specific concerns such as projected lower gold output and higher all-in sustaining costs for 2026. This combination of macroeconomic factors and operational challenges has led to a bearish sentiment among investors, reflected in increased short interest and institutional selling.

https://www.tradingkey.com/news/Market-Movers/261680056-market-movers-nem-20260313

Americas Gold and Silver Announces Largest Ever Exploration Program in 2026 Following the Discovery of Ten New High-Grade Silver-Copper-Antimony and Silver-Lead Veins at Galena Including 4,896 g/t Silver and 3.95% Copper over 1.3M

Americas Gold and Silver Corporation has announced the discovery of ten new high-grade silver-copper-antimony and silver-lead veins at its Galena Complex, with drill results showing impressive grades such as 4,896 g/t Ag and 3.95% Cu over 1.3 meters. Following these discoveries, the company plans its largest-ever exploration drilling campaign in 2026, totaling approximately 64,000 meters across its Idaho and Mexico operations. This aggressive drilling program aims to capitalize on the high-grade potential of the Galena Complex and the recently acquired Crescent Mine, reinforcing Americas' position as a growing North American precious metals and antimony producer.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1883-tsx/usa/199172-americas-gold-and-silver-announces-largest-ever-exploration-program-in-2026-following-the-discovery-of-ten-new-high-grade-silver-copper-antimony-and-silver-lead-veins-at-galena-including-4-896-g-t-silver-and-3-95-copper-over-1-3m.html

Is Freeport-McMoRan (FCX) Pricing Look Attractive After Strong 1-Year Share Price Jump

This article analyzes Freeport-McMoRan's (FCX) valuation after a significant share price jump, employing DCF and P/E ratio analysis. While the DCF model suggests the stock is undervalued by 29.3%, its current P/E of 38.7x indicates it's overvalued compared to industry and peer averages. The article also presents bull and bear case narratives with differing fair value estimates for investors to consider.

https://simplywall.st/stocks/us/materials/nyse-fcx/freeport-mcmoran/news/is-freeport-mcmoran-fcx-pricing-look-attractive-after-strong

Magnetar Financial LLC Grows Stock Holdings in Freeport-McMoRan Inc. $FCX

Magnetar Financial LLC significantly increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 311.5% in the third quarter, bringing its total holdings to 43,367 shares valued at $1.701 million. Other institutional investors also adjusted their positions in FCX, while company insiders made notable share sales totaling over $35 million in the last 90 days. Freeport-McMoRan recently reported strong quarterly earnings, surpassing analyst expectations, and several analysts have raised their price targets for the stock.

https://www.marketbeat.com/instant-alerts/filing-magnetar-financial-llc-grows-stock-holdings-in-freeport-mcmoran-inc-fcx-2026-03-13/

Freeport-McMoRan Inc. $FCX Stake Increased by Mackenzie Financial Corp

Mackenzie Financial Corp significantly increased its stake in Freeport-McMoRan Inc. ($FCX) by 86.6% in Q3, now holding over 1.1 million shares valued at approximately $45.78 million. Analysts generally rate FCX as a "Moderate Buy" with a consensus price target of $62.59, and some brokers have recently raised their targets. Despite institutional buying, company insiders have been net sellers in the past 90 days.

https://www.marketbeat.com/instant-alerts/filing-freeport-mcmoran-inc-fcx-stake-increased-by-mackenzie-financial-corp-2026-03-13/

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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.

06.02.2026 - FCX Stock was down 5.6%

• Today's bearish movement in FCX stock is linked to the rise in average unit net cash costs per pound of copper in Q4 2025, with expectations of further increases in Q1 2026. These cost escalations are affecting margins, raising concerns among investors.
• Increased scrutiny on FCX related to declining copper prices and the risks associated with the Grasberg mine restart is influencing negative market sentiment. Differing analyst perspectives on the stock's valuation are contributing to the uncertainty surrounding FCX.
• Despite the recent stock pullback, the prevailing bullish sentiment towards FCX is evident through reduced short interest, indicating continued investor optimism about the company's future performance.
• Settlement discussions between ConocoPhillips and the state of Louisiana, although not directly associated with FCX, underscore the growing regulatory and environmental pressures on energy and mining firms. These pressures could be influencing investor sentiment towards FCX and the broader industry.

05.02.2026 - FCX Stock was down 5.6%

• FCX stock had a bearish movement despite strong quarterly earnings, beating EPS and revenue estimates, but cutting its quarterly dividend.
• Institutional investors like Intech Investment Management LLC increased their stake in FCX significantly, showing confidence in the company's long-term prospects.
• The insider selling of shares by FCX executives might have contributed to the bearish sentiment, despite positive analyst sentiment and price target upgrades.
• Geopolitical tensions affecting travel stocks, such as the Iran/Israel conflict, could have added to the negative market sentiment impacting FCX's stock price.

05.02.2026 - FCX Stock was down 7.5%

• A decline in short interest suggests growing optimism towards FCX, but a notable rise in average unit net cash costs per pound of copper in Q4, along with projected increases for Q1, may have influenced the negative sentiment in the stock.
• Despite FCX's solid performance in the past year, a recent stock dip following a mining disruption in September indicates that operational issues and cost pressures are impacting investor confidence.
• The increased ownership of FCX shares by Dimensional Fund Advisors LP and other institutional investors could signal a positive long-term view on the company. However, concerns persist about the effects of escalating unit costs and operational disruptions on profit margins.
• The collective impact of cost escalation, operational hurdles, and market uncertainties related to commodity prices and mining incidents likely contributed to the stock's downturn today.

05.02.2026 - FCX Stock was down 6.1%

• FCX saw a notable increase in its average unit net cash cost per pound of copper in Q4, causing a downward trend in the market due to cost pressures affecting margins.
• Concerns among investors were exacerbated by the forecasted rise in costs for Q1 2026, contributing to the negative movement in FCX's stock.
• Despite a previous increase in FCX's stock value driven by higher commodity prices, issues at the Grasberg mine and the fallout from a mine disruption in September have prompted a recent decline in stock price.
• The heightened investment interest from Dimensional Fund Advisors LP and other institutional investors suggests ongoing support for FCX. However, prevailing cost and operational challenges have dampened positive sentiment, leading to the current downward market trends.

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.

04.02.2026 - FCX Stock was up 7.2%

• FCX displayed bullish movement despite substantial insider selling, potentially influenced by Intech Investment Management LLC's significant stake increase, signaling confidence in the company's future performance.
• Strong quarterly earnings exceeding estimates were reported by the company, likely contributing to the positive market sentiment.
• FCX's promising performance and outlook, despite a reduction in its quarterly dividend, align well with Jefferies analysts' optimistic long-term view on base metal stocks, including FCX.
• The stock's bullish trajectory today may have been driven by the sector's favorable outlook, combined with FCX's operational efficiency and institutional backing.

03.02.2026 - FCX Stock was down 9.0%

• Experienced a strong bearish movement today.
• Market sentiment influenced by concerns over the ongoing conflict in the Middle East, leading to a general downturn in various stocks.
• Despite its strong presence in the mining industry, the broader market conditions overshadowed its performance today.
• The bearish movement in Freeport-McMoRan (FCX) stock today can be attributed to the overall market sentiment impacted by concerns over the ongoing conflict in the Middle East. This geopolitical uncertainty likely led to a risk-off approach by investors, causing a downturn in various stocks, including FCX. Despite the company's solid position in the mining industry, external factors played a significant role in today's market movement.

03.02.2026 - FCX Stock was down 5.0%

• The bearish movement in FCX could be attributed to the overall market sentiment sinking due to concerns over the ongoing conflict in the Middle East, impacting various stocks including FCX.
• Despite an increase in FCX's price target and a maintained Buy rating by BofA Securities based on revised 2026 metal price projections, the broader market sentiment overshadowed this positive outlook.
• The negative net margin reported by Ford Motor Company, despite beating earnings and revenue estimates, might have contributed to the bearish trend in the market, affecting stocks like FCX.
• The acquisition of a new position in Royal Caribbean Cruises Ltd. by Strive Asset Management LLC and other institutional interest in the company might have diverted investor attention away from FCX, impacting its stock performance negatively.

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.