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MarketBeat
MarketBeat
Leo Miller

Freeport-McMoRan: What the Future Could Hold After a 70% Rebound

Freeport copper FreeportMcMoRan Goldman Sachs MarketBeat Gold FCX Grasberg Mining SP

After disaster struck copper mining giant Freeport-McMoRan (NYSE: FCX) in September of 2025, the stock has gone on a massive rally. The company significantly lowered its guidance on September 25, 2025, after assessing the impact of a mudslide at its Grasberg mine in Indonesia. This caused shares to tank approximately 22% in two days. Since MarketBeat highlighted the potential in FCX after this fall, shares are up approximately 72% as of the Jan. 26 close.

However, with such a strong run-up in shares, it’s worth reassessing the potential in Freeport-McMoRan stock going forward. The company’s latest earnings and copper price projections are key factors to consider.

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