Freeport-McMoRan Inc. ($FCX) Stock Forecast: Down 5.1% Today

What is Freeport-McMoRan Inc.?

Freeport-McMoRan (NYSE: FCX) is a leading international mining company specializing in copper and gold assets, with a strong presence in Indonesia.

Why is Freeport-McMoRan Inc. going down?

FCX stock is down 5.1% on Apr 24, 2026 15:20

• Freeport-McMoRan witnessed a downturn in the market today influenced by multiple factors:
• A reduction in FCX's price target from $72 to $68 by Raymond James, attributing it to increased jurisdictional risks associated with its Grasberg asset in Indonesia.
• Production challenges at the Indonesian mine led to a notable decline in first-quarter gold and copper production, affecting sales projections.
• These elements, combined with apprehensions about overestimation and uncertainties in the mining industry's leadership, contributed to the decline in FCX's stock value today.

FCX Price Chart

FCX Technical Analysis

FCX News

Vale Indonesia Lands $750 Million Green Loan to Fund Nickel Expansion

Vale Indonesia (IDX: INCO) has secured a $750 million sustainability-linked loan, with an option to increase it by $250 million, to fund its nickel expansion projects. The facility, oversubscribed by 1.7 times by 14 international banks, links financing to sustainability goals like carbon-emissions reduction and increased renewable energy use. This strategic move aims to boost the company's balance sheet, align with global sustainability standards, and capitalize on the surging demand for nickel in EV batteries.

http://jakartaglobe.id/business/vale-indonesia-lands-750-million-green-loan-to-fund-nickel-expansion

Raymond James lowers Freeport-McMoRan stock price target to $68

Raymond James has lowered its price target for Freeport-McMoRan (NYSE:FCX) to $68 from $72, while maintaining an Outperform rating. The firm acknowledged Freeport-McMoRan's strong portfolio of copper assets with significant gold production but noted higher jurisdictional risk due to the Grasberg asset's location in Indonesia, despite improved risk profile after the 2018 transaction. This adjustment follows strong Q1 2026 results from Freeport-McMoRan, which surpassed earnings and revenue forecasts, and a separate price target reduction by Jefferies due to updated Grasberg guidance.

https://www.investing.com/news/analyst-ratings/raymond-james-lowers-freeportmcmoran-stock-price-target-to-68-93CH-4634132

A Look At Southern Copper (SCCO) Valuation After The Sudden Passing Of Its Longtime CEO

Southern Copper (SCCO) is facing leadership questions after the recent passing of its CEO, Oscar Gonzalez Rocha, which has led to share price volatility. Despite strong long-term returns, the stock is currently trading above average analyst targets and estimated intrinsic value, suggesting it might be overvalued at US$187.71 compared to a fair value of US$156.21. The company has significant capital investments planned for expansion projects in Mexico and Peru, which are expected to drive future production growth and revenue from 2027 to 2030, though these plans carry execution risks.

https://simplywall.st/stocks/us/materials/nyse-scco/southern-copper/news/a-look-at-southern-copper-scco-valuation-after-the-sudden-pa

Raymond James Just Lifted Etsy's Target to $75. Has This Beaten-Down E-Commerce Name Finally Bottomed?

Raymond James raised its price target for Etsy (ETSY) to $75 from $60, maintaining an Outperform rating, signaling confidence in the e-commerce company's potential stabilization. This upgrade comes ahead of Etsy's Q1 2026 earnings report on April 29, which will be a key test for the recovery thesis, given the stock's 40% gain over the past year but 70% decline over five years. The bank's analyst believes Etsy's Q1 GMS will show signs of stabilizing demand and an inflection point after a multi-year decline, making the stock's 22x forward P/E valuation seem reasonable for patient investors eyeing a potential turnaround.

https://247wallst.com/investing/2026/04/23/raymond-james-just-lifted-etsys-target-to-75-has-this-beaten-down-e-commerce-name-finally-bottomed/

Freeport-McMoRan Production Sinks

Freeport-McMoRan reported a significant drop in first-quarter gold and copper production, linked to a fatal mudslide at its Indonesian mine last year and subsequent delays in ramping up operations. Despite the production decrease, the metals company saw an increase in net income to $881 million and revenue rose to $6.23 billion. These production issues have led to a reduced sales-volume outlook for the company.

https://www.wsj.com/business/earnings/freeport-mcmoran-production-sinks-f5c528c5

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Freeport-McMoRan Inc. Price History

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.

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.

10.03.2026 - FCX Stock was up 5.3%

• Trilogy Capital Inc. reduced its stake in FCX, but analysts remain bullish on the company due to a stronger copper market and recent earnings performance, leading to raised price targets and positive ratings.
• Scotiabank maintained its Sector Perform recommendation for FCX, indicating a neutral stance on the stock.
• Analysts are optimistic about FCX's earnings resilience, with projections of doubling quarterly earnings per share year-over-year, driven by strong cash generation and dividend affirmation.
• The news of Capstone Copper Corp. looking to divest its Mexican copper mine and FCX's stock outperforming competitors on a positive trading day may have contributed to the bullish movement of FCX, showcasing a trend of deal-making in the copper industry and investor confidence in the company's performance.

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.

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.

23.03.2026 - FCX Stock was down 10.8%

• Despite Freeport-McMoRan (FCX) posting impressive Q1 results, exceeding revenue and earnings expectations, the stock experienced a bearish movement.
• The market may have reacted negatively due to profit-taking by investors after a significant 38% rise in FCX shares in 2026, reaching a market capitalization exceeding $100 billion.
• The bearish movement could also be attributed to investors potentially being cautious ahead of the conference call with securities analysts to discuss the quarterly results, as uncertainties or future guidance provided during the call might have impacted investor sentiment.
• Overall, while the strong financial performance of Freeport-McMoRan is commendable, market dynamics and investor behavior likely played a role in the bearish movement of the stock despite the positive earnings report.

23.03.2026 - FCX Stock was down 8.1%

• The bearish movement in FCX's stock today is linked to a notable decline in first-quarter gold and copper production following a fatal mudslide incident at its Indonesian mine last year. Despite reporting increased net income and revenue, issues with production have led to a revised sales-volume forecast for the company, dampening investor sentiment. The market appears to be responding to concerns about these production challenges and their potential long-term impact on Freeport-McMoRan's operations and profitability.

24.03.2026 - FCX Stock was down 5.1%

• Freeport-McMoRan witnessed a downturn in the market today influenced by multiple factors:
• A reduction in FCX's price target from $72 to $68 by Raymond James, attributing it to increased jurisdictional risks associated with its Grasberg asset in Indonesia.
• Production challenges at the Indonesian mine led to a notable decline in first-quarter gold and copper production, affecting sales projections.
• These elements, combined with apprehensions about overestimation and uncertainties in the mining industry's leadership, contributed to the decline in FCX's stock value today.

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.

08.03.2026 - FCX Stock was up 7.7%

• FCX's bullish movement can be attributed to its robust cash position and strong liquidity strength, allowing the company to fund expansion projects, manage debt, and return value to shareholders.
• The positive outlook for FCX's earnings in 2026 and 2027, coupled with its financial health compared to peers like Southern Copper, has likely attracted investor attention and contributed to the stock's upward trajectory.
• Analysts focusing on FCX's fundamental drivers, such as earnings projections and revenue growth, have provided a more nuanced understanding of the stock's performance beyond just market buzz, potentially boosting investor confidence in the company's future prospects.
• Despite holding a Zacks Rank #3 (Hold), FCX's positive earnings estimate trends and strategic financial policies indicate a promising path forward, reinforcing investor sentiment and driving the bullish market movement.

08.03.2026 - FCX Stock was up 7.4%

• FCX witnessed a positive market movement recently, possibly influenced by multiple factors:
• A decision in Ghana to grant the lease for Gold Fields' Damang mine to a local entity, echoing a shift towards domestic ownership in mining, potentially benefiting FCX.
• UBS AG offering Autocallable Contingent Yield Notes tied to FCX's stock, creating new investment options and potentially boosting demand for FCX shares.
• McEwen Copper's progress in securing funding for its project in Argentina, signaling favorable sentiment towards copper mining and benefiting companies like FCX.
• Despite facing challenges like increasing unit costs and lower sales volumes, FCX's strong 20.2% year-to-date rally is credited to its robust finances, expansion plans, and positive trends in the copper market.

08.03.2026 - FCX Stock was up 7.9%

• FCX's positive market performance is supported by its solid financial state, boasting $3.8 billion in cash and robust operating cash flows, enabling future expansion and increased shareholder returns.
• The company's optimistic earnings outlook for 2026 and 2027, coupled with its emphasis on growth investments, have likely fueled investor confidence and the favorable market activity.
• Recent developments in Ghana granting the lease for Gold Fields' Damang mine to a local entity underscore the significance of resource nationalism, potentially indicating stability and heightened demand for mining companies like FCX.
• The introduction of Autocallable Contingent Yield Notes tied to FCX's stock by UBS AG may have also sparked interest in FCX, offering investors alternative investment avenues linked to the company's performance.