Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Freeport-McMoRan ( (FCX) ).
On September 24, 2025, Freeport-McMoRan Inc. provided an update on the PT Freeport Indonesia operations following a mud rush incident at the Grasberg Block Cave mine on September 8, 2025. The incident resulted in two fatalities, with five team members still missing. Mining operations have been suspended, and an investigation is underway to determine the cause. The incident has significantly impacted production forecasts, with a phased restart expected to commence in 2026, potentially deferring significant production until 2027. The company is assessing damage and plans to seek insurance recovery for losses.
The most recent analyst rating on (FCX) stock is a Hold with a $42.00 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 Outperform.
Freeport-McMoRan’s overall stock score reflects strong financial performance and positive earnings call insights, which are offset by bearish technical indicators and a high P/E ratio. The company’s strategic initiatives and innovation in leach technology position it well for future growth, but market momentum and valuation concerns temper the outlook.
To see Spark’s full report on FCX stock, click here.
More about Freeport-McMoRan
Freeport-McMoRan Inc. (FCX) is a leading international metals company primarily focused on copper production. Headquartered in Phoenix, Arizona, the company operates large, long-lived, and geographically diverse assets with significant reserves of copper, gold, and molybdenum. FCX is one of the world’s largest publicly traded copper producers, with major operations in the Grasberg minerals district in Indonesia, as well as in North and South America.
Average Trading Volume: 16,134,821
Technical Sentiment Signal: Hold
Current Market Cap: $54.09B
For detailed information about FCX stock, go to TipRanks’ Stock Analysis page.