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The latest announcement is out from Freeport-McMoRan ( (FCX) ).
On January 22, 2026, Freeport-McMoRan reported fourth-quarter 2025 net income attributable to common stock of $406 million, or $0.28 per share, and adjusted net income of $688 million, or $0.47 per share, reflecting after-tax charges tied mainly to the September 2025 mud rush incident at PT Freeport Indonesia and legacy oil and gas assets. Fourth-quarter production reached 640 million pounds of copper, 65,000 ounces of gold and 25 million pounds of molybdenum, with full-year 2025 output of 3.4 billion pounds of copper, 1.0 million ounces of gold and 92 million pounds of molybdenum, while sales volumes and unit net cash costs came in better than October 2025 estimates. Operating cash flow for 2025 totaled $5.6 billion, capital expenditures reached $4.5 billion, and year-end 2025 net debt stood at $2.3 billion excluding project-related Indonesian downstream debt, underscoring a relatively strong balance sheet as Freeport advances major mining projects and prepares a phased restart of the Grasberg Block Cave underground mine beginning in the second quarter of 2026.
The most recent analyst rating on (FCX) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Freeport-McMoRan stock, see the FCX Stock Forecast page.
Spark’s Take on FCX Stock
According to Spark, TipRanks’ AI Analyst, FCX is a Neutral.
The score is driven primarily by solid underlying financial strength (strong balance sheet and healthy cash generation), partially offset by rich valuation and elevated near-term technical overheating signals. The Grasberg restart-related disruption adds additional downside risk to near-term results.
To see Spark’s full report on FCX stock, click here.
More about Freeport-McMoRan
Freeport-McMoRan is a leading global mining company focused primarily on copper, with significant by-product production of gold and molybdenum from large-scale, geographically diverse operations in the Americas and Indonesia. The company targets supplying growing global demand for copper and is investing heavily in organic growth projects and downstream processing facilities, particularly through its PT Freeport Indonesia subsidiary.
Average Trading Volume: 16,339,532
Technical Sentiment Signal: Buy
Current Market Cap: $86.26B
For detailed information about FCX stock, go to TipRanks’ Stock Analysis page.