Freeport-McMoRan Inc

FCX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lowering Freeport-McMoRan's Fair Value Estimate by 3% on the Weaker Gold Price

Jon Mills

Jul 14, 2026

Business Strategy and Outlook

Freeport-McMoRan owns stakes in 10 copper mines including three of the world’s largest: 49% of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.

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Freeport-McMoRan Inc

Lowering Freeport-McMoRan's Fair Value Estimate by 3% on the Weaker Gold Price

Business Strategy and Outlook

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