Morningstar
•
Oct 28, 2026
Freeport-McMoRan Inc.: Freeport-McMoRan Earnings: Stronger on Higher Copper and Gold Prices; Grasberg Recovery on Track
Symbols
FCXSector(s)
Basic Materials
Rating
Current Price
62.47
Fair Value
Economic Moat
Stewardship
Summary
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 56% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it
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