FCX
Freeport-McMoRan Inc.Evidence as of 2026-09-02Overview · Freeport-McMoRan Inc.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, No…
Management team
- Ms. Ellie L. Mikes · VP & Chief Accounting OfficerFind on LinkedIn
- Ms. Maree E. Robertson · Executive VP & CFOFind on LinkedIn
- Mr. Joshua Frederick Olmsted · President & COO of AmericasFind on LinkedIn
- Mr. Douglas N. Currault II · Executive VP & General CounselFind on LinkedIn
Start your 7-day free trial to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.2 on a −2 to +2 scale — was −0.1 before the debate changed the read.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.2 ) with high confidence. Revenues ranged from about USD 5.57 billion in fiscal Q1 2026 (fiscal quarter ended 2026-04-30) to USD 7.53 billion in fiscal Q2 2025 (fiscal quarter ended 2025-07-31); computed gross margin cycled between about 26.3% and 31.1% over the recent quarters. Operating income was between USD 1.30 billion (fiscal Q1 2025) and about USD 2.43 billion (fiscal Q2 2025), and diluted EPS rose from USD 0.24 in fiscal Q1 2025 to USD 0.68 in fiscal Q2 2026 (fiscal quarter ended 2026-07-31).
Balance-sheet and market metrics show cash roughly between USD 3.7 billion and USD 4.5 billion and long-term debt roughly USD 8.9–9.4 billion, trailing twelve‑month FCF of USD 1,037,000,000 (FCF per share USD 0.7186, price‑to‑FCF ~ 100.84), trailing EPS $2.28 (P/E ~ 31.79), and an EV/EBITDA of 10.4. Market signals are mixed: strong 12_1 momentum at +59.7% and price above the 50- and 200-day moving averages with a golden cross, but volatility is elevated (30-day annualized +48.5%, 90-day +50.8%), three‑year max drawdown -46.3%, and market sensitivity is high (beta vs. SPY 2.26). Insider filings show about USD 6.6M of insider sales and no reported insider buys in the provided window.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenues were USD 5,728,000,000 for fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), USD 7,526,000,000 for fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), USD 6,972,000,000 for fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo), USD 5,572,800,000 for fiscal Q1 2026 (2025-01-01 to 2025-03-31, 3mo) and USD 7,029,000,000 for fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000831259-25-000018Cost of revenue was USD 4,222,000,000 for fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), USD 4,950,000,000 for fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), USD 4,830,000,000 for fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo), USD 4,579,000,000 for fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and USD 4,843,000,000 for fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000831259-25-000018Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 was filed with the 4 filed 28 August 2026 on 2026-08-28 (the evidence lists parse_status as pending).
4 filed 2026-08-28A Form 4 was filed with the 4 filed 26 August 2026 on 2026-08-26 (the evidence lists parse_status as skipped).
4 filed 2026-08-26Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum (12_1) is +59.7% and ranks in the 87th percentile of the 547-stock research universe as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debatePrice is above both moving averages: +10.1% vs the 50-day simple moving average and +20.2% vs the 200-day simple moving average, and a golden cross is present as of 2026-09-01.
Moneyta signal set · 2026-09-01Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
The reported 13F institutional holdings total $10.0M as of 2026-03-31.
13F holdings · 3 filers · as of 2026-03-31Dakota Wealth Management is listed as the largest reported 13F holder with $8.1M and a quarter-over-quarter reported value change of 106.7%.
13F holdings · 3 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple recent headlines frame Freeport-McMoRan in the context of a copper and gold rally, linking the company to a broader metals upswing.
News · kalkinemedia.com · 2026-09-01Several distinct pieces from the same outlet emphasize Freeport-McMoRan as a focal point for the market’s interest in copper and gold, repeating the theme across multiple articles.
News · kalkinemedia.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
The Form 4 filed 25 August 2026 by Currault Douglas N. II (EVP & General Counsel) reports a sale of 80,000 shares valued at "$6.3M".
Form 4 · Currault Douglas N. II (EVP & General Counsel) · $783k code M · 2026-08-25The Form 4 filed 25 August 2026 by Currault Douglas N. II (EVP & General Counsel) includes two additional entries dated 25 August 2026 marked as "code M" for 65,000 shares (value "$783k") and 15,000 shares (value "$422k").
Form 4 · Currault Douglas N. II (EVP & General Counsel) · $783k code M · 2026-08-25Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free-cash-flow (FCF) growth rate of 0.5418 (54.18%) that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow (FCF) is $1,037,000,000, and FCF per share is $0.7186, giving a price-to-FCF multiple of 100.84 at the reported share price.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several pieces of the provided evidence jointly support a favorable read: market signals show strong momentum and price strength versus moving averages (high percentile momentum and a golden cross), while operating income and diluted EPS have been robust and trending higher across the recent quarters. Balance-sheet items show a multi-billion cash buffer and steady long-term debt in a defined range, and the company has engaged in share repurchases, with shares outstanding essentially stable — these points strengthen an interpretation of improving profitability and capital allocation. Analyst coverage and multiple news articles framing the company as a core play on copper/gold provide demand-side context that aligns with the market momentum. The bear case highlights insider selling, elevated volatility, and stretched FCF multiples; these are valid data points, but they are contested by the mix of recurring operating profits, rising EPS, active buybacks, ETF inclusion, and a mid-teens EV/EBITDA measure in the evidence set.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
39 surviving claims rest on 18 distinct sources; the heaviest analyst carries 23% of them, and 97% of what the desk raised survived the debate.
The read rests on a moderate diversity of sources but a small number of analysts contribute a large share of surviving claims; that analyst concentration and the very high debate survival rate mean the conclusions carry internal consensus but may be brittle to missed errors or shared assumptions. Many claims derive from the same public filings and computed signals — reliable as factual snapshots, but their interpretive weight should be tempered by potential parse limits, reporter lag, and analyst dependence.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
14 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.0 to the score
2 documents
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.4 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
2 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−1.2 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
Get this for the tickers you actually hold
Plus the one thing no sample can show: how each name correlates with your portfolio, and what hides inside your funds.
The full terminal on FCX Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.