Wells Fargo has initiated coverage on Freeport-McMoRan Inc (FCX) with an Overweight rating, effective October 7, 2025. This marks the firm’s first assessment of the company’s investment potential based on its research and analysis of Freeport-McMoRan's business, industry dynamics, and growth prospects.
As of the recent update, Freeport-McMoRan's stock is priced at $39.28. The company operates in the metals and mining industry, focusing on the extraction of copper, gold, and molybdenum. Headquartered in Phoenix, Arizona, Freeport-McMoRan employs approximately 28,500 full-time staff and has significant proven and probable mineral reserves across its geographically diverse assets.
Financially, Freeport-McMoRan boasts a market capitalization of $59.8 billion and a P/E ratio of 28.84, with a trailing twelve-month EPS of 1.44. The company has a notable dividend yield of 145.5%.
Upcoming earnings reports are scheduled for July 21, 2026, with an estimated EPS of $0.52 and revenue forecasted at $6.9 billion, and April 22, 2026, expecting an EPS of $0.44 and revenue of $6.4 billion. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $0.50 against an estimate of $0.41, reflecting a 21.4% surprise.
Analyst consensus as of November 1, 2025, indicates a Buy rating, with 5 Strong Buy, 14 Buy, and 8 Hold ratings among 27 analysts. Analyst ratings can change over time as new information becomes available, thus serving as one of many inputs for investment decisions rather than the sole basis for them.