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Freeport-McMoRan (FCX, Copper) Stock Valuation & Fair Value Significantly overvalued

Freeport-McMoRan (FCX, Copper) trades at a blended P/E of 26.4, about 40% above its historical normal valuation, with a forward growth estimate of 28.7% and a PEG of 0.92. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 18.8 on the same blended earnings, the 2026-10-02 close of $72.04 corresponds to about $51.40 a share. This is a valuation reference, not a price target.

Blended P/E
26.4
Normal P/E
18.8
PEG
0.92
Fwd growth
28.7%
Div yield
0.8%
RSI (14)
48.5
Neutral
Technical context
  • Price $71.14 at the 2026-10-08 close, 0.3% below the 20-day average ($71.36) and 0.3% below the 50-day ($71.36).
  • RSI (14) at 48.5.
  • 52-week range $38.38 to $79.91: the price is 11.0% below the high and 85.4% above the low.

The Street vs SeerForecast

Wall Street's mean price target for FCX is $73.95 across 22 analysts, 4.0% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been significantly overvalued since 2026-06-03.

Blended P/E and rating by weekBlended P/E moved from 31.0 to 26.4 between 2026-06-03 and 2026-10-02, against a normal P/E of 18.8, with 4 rating changes over 37 recorded weeks.2026-06-03: P/E 31.0, Significantly overvalued, recalculated for the week of 2026-06-032026-06-10: P/E 29.3, Significantly overvalued, recalculated for the week of 2026-06-102026-06-12: P/E 29.3, Significantly overvalued, recalculated for the week of 2026-06-142026-06-16: P/E 29.3, Significantly overvalued, recalculated for the week of 2026-06-162026-06-18: P/E 29.3, Significantly overvalued, recalculated for the week of 2026-06-212026-07-02: P/E 26.4, Significantly overvalued, recalculated for the week of 2026-07-022026-07-06: P/E 26.6, Significantly overvalued, recalculated for the week of 2026-07-062026-07-09: P/E 26.6, Significantly overvalued, recalculated for the week of 2026-07-092026-07-10: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-07-122026-07-13: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-07-132026-07-14: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-07-142026-07-20: P/E 24.7, Trading above its usual valuation, recalculated for the week of 2026-07-202026-07-22: P/E 24.7, Trading above its usual valuation, recalculated for the week of 2026-07-222026-07-24: P/E 25.5, Trading above its usual valuation, recalculated for the week of 2026-07-252026-07-27: P/E 25.5, Trading above its usual valuation, recalculated for the week of 2026-07-272026-07-31: P/E 26.0, Trading above its usual valuation, recalculated for the week of 2026-07-312026-07-31: P/E 25.6, Trading above its usual valuation, recorded live 2026-08-032026-08-07: P/E 27.7, Significantly overvalued, recalculated for the week of 2026-08-072026-08-07: P/E 28.2, Significantly overvalued, recorded live 2026-08-102026-08-14: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-08-142026-08-14: P/E 26.1, Trading above its usual valuation, recorded live 2026-08-172026-08-21: P/E 27.7, Significantly overvalued, recalculated for the week of 2026-08-212026-08-21: P/E 29.8, Significantly overvalued, recorded live 2026-08-242026-08-27: P/E 29.8, Significantly overvalued, recalculated for the week of 2026-08-272026-08-28: P/E 30.1, Significantly overvalued, recalculated for the week of 2026-08-282026-08-28: P/E 29.3, Significantly overvalued, recalculated for the week of 2026-08-302026-08-28: P/E 29.3, Significantly overvalued, recorded live 2026-08-312026-09-04: P/E 27.6, Significantly overvalued, recalculated for the week of 2026-09-052026-09-04: P/E 27.6, Significantly overvalued, recorded live 2026-09-072026-09-11: P/E 26.7, Significantly overvalued, recalculated for the week of 2026-09-122026-09-11: P/E 26.7, Significantly overvalued, recorded live 2026-09-142026-09-18: P/E 26.7, Significantly overvalued, recalculated for the week of 2026-09-192026-09-18: P/E 26.7, Significantly overvalued, recorded live 2026-09-212026-09-25: P/E 26.7, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 26.7, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 26.4, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 26.4, Significantly overvalued, recorded live 2026-10-0520.025.030.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 18.8
Trading above its usual valuationSignificantly overvaluedLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 31.0+64%Significantly overvalued (recalculated)
2026-07-12P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-07-20P/E 24.7+31%Trading above its usual valuation (recalculated)
2026-08-07P/E 27.7+47%Significantly overvalued (recalculated)
2026-08-14P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-08-21P/E 27.7+47%Significantly overvalued (recalculated)
2026-10-05P/E 26.4+40%Significantly overvalued ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 31.0+64%Significantly overvalued (recalculated)
2026-06-10P/E 29.3+55%Significantly overvalued (recalculated)
2026-06-14P/E 29.3+55%Significantly overvalued (recalculated)
2026-06-16P/E 29.3+55%Significantly overvalued (recalculated)
2026-06-21P/E 29.3+55%Significantly overvalued (recalculated)
2026-07-02P/E 26.4+40%Significantly overvalued (recalculated)
2026-07-06P/E 26.6+41%Significantly overvalued (recalculated)
2026-07-09P/E 26.6+41%Significantly overvalued (recalculated)
2026-07-12P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-07-13P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-07-14P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-07-20P/E 24.7+31%Trading above its usual valuation (recalculated)
2026-07-22P/E 24.7+31%Trading above its usual valuation (recalculated)
2026-07-25P/E 25.5+35%Trading above its usual valuation (recalculated)
2026-07-27P/E 25.5+35%Trading above its usual valuation (recalculated)
2026-07-31P/E 26.0+38%Trading above its usual valuation (recalculated)
2026-08-03P/E 25.6+36%Trading above its usual valuation
2026-08-07P/E 27.7+47%Significantly overvalued (recalculated)
2026-08-10P/E 28.2+50%Significantly overvalued
2026-08-14P/E 26.3+40%Trading above its usual valuation (recalculated)
2026-08-17P/E 26.1+39%Trading above its usual valuation
2026-08-21P/E 27.7+47%Significantly overvalued (recalculated)
2026-08-24P/E 29.8+58%Significantly overvalued
2026-08-27P/E 29.8+58%Significantly overvalued (recalculated)
2026-08-28P/E 30.1+60%Significantly overvalued (recalculated)
2026-08-30P/E 29.3+56%Significantly overvalued (recalculated)
2026-08-31P/E 29.3+56%Significantly overvalued
2026-09-05P/E 27.6+47%Significantly overvalued (recalculated)
2026-09-07P/E 27.6+47%Significantly overvalued
2026-09-12P/E 26.7+42%Significantly overvalued (recalculated)
2026-09-14P/E 26.7+42%Significantly overvalued
2026-09-19P/E 26.7+42%Significantly overvalued (recalculated)
2026-09-21P/E 26.7+42%Significantly overvalued
2026-09-26P/E 26.7+42%Significantly overvalued (recalculated)
2026-09-28P/E 26.7+42%Significantly overvalued
2026-10-03P/E 26.4+40%Significantly overvalued (recalculated)
2026-10-05P/E 26.4+40%Significantly overvalued ← now

Frequently asked questions

Is Freeport-McMoRan stock overvalued?

At a blended P/E of 26.4 versus its historical normal P/E of 18.8, Freeport-McMoRan trades about 40% above its typical valuation, with a PEG of 0.92 on 28.7% forward growth. tickerseer currently rates it significantly overvalued.

What is Freeport-McMoRan's fair value and PEG?

Freeport-McMoRan trades at a blended P/E of 26.4 against a historical normal P/E of 18.8, a PEG of 0.92, and a forward growth estimate of 28.7%. Priced at its historical normal P/E of 18.8 on the same blended earnings, the 2026-10-02 close of $72.04 corresponds to about $51.40 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Freeport-McMoRan changed?

tickerseer's rating has been significantly overvalued since 2026-06-03.

What is the analyst price target for Freeport-McMoRan?

The mean Wall Street price target for Freeport-McMoRan is $73.95 across 22 analysts, 4.0% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Copper. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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