NYSEMaterialsCopperSnapshot 2026-07-31
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Create your account →Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (3q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Consolidated copper sales of approximately 3.1 billion pounds in 2026: metric not reported.
View ThesisRevenue is growing steadily — about 6% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 24% in its worst 12-month stretch.
View RiskFCX's growth in copper production must continue to justify its current price. Recent earnings showed a solid beat, with EPS at 0.74, exceeding expectations by 23.3%. It trades at 28 times P/E, which is 1.5 times the peer median of 19. This premium suggests that the market expects strong growth. A specific risk is the potential cut in guidance, with a 19% miss probability. Peer multiples imply a price about 10% below where it trades. This read is provisional.
Trailing returns as of 2026-07-31. FCX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering FCX (as of Jul 2026).
Based on 11 Wall Street analysts offering 12-month price targets for FCX in the last 4 months.
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-08-01. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Materials (broad) — fair value, gap to price, and forward P/E.
Threatens: Increase copper production
Lower copper sales outlook impacts production growth objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-07-31. EPS is implied from price ÷ P/E. Not investment advice.
Current $62.63
The last 12 months of price, then the range of analyst 12-month targets from today’s $62.63.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Increase copper production
Softening copper outlook impacts growth objective.
Advances: Increase copper production
Positive Q2 numbers support copper production growth.
Advances: Increase copper production
Higher copper prices directly support production growth objective.
Advances: Increase copper production
Higher copper prices directly support production growth objective.
Advances: Increase copper production
Indonesia mine deal supports increased copper production.
Advances: Increase copper production
Significant contribution supports copper production growth objectives.
Guidance cut raises concerns about future performance.
