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FCX

Freeport-McMoRan Inc

OPPORTUNISTIC BUY Analysis generated 2026-10-04 Market data as of 2026-11-12 Market data 3 days old USD 60.45 Basic Materials - CopperAWAIT ENTRY
ACTIONABLEMethodology gates passed
59

Position levels

Currenttoday
USD 60.45
Buy <=wait / entry
USD 56.67
Trim >=take some off
USD 74.00
Thesis breakAn adverse regulatory, fiscal or licence action materially affecting Grasberg op...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case26%100 / 10026.0
Base case49%62 / 10030.4
Bear case25%10 / 1002.5
Weighted conviction59 / 100 - OPPORTUNISTIC BUY

Top risks

  • Grasberg Minerals District life-of-resource operating rights extension agreement
  • Q2 FY26 earnings beat (+0.74 actual vs +0.62 estimate) with 984M earnings
  • Q3 2026 operational update confirming strong copper output and pricing in line with guidance
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.

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