FCX
Freeport-McMoRan Inc. Materials - Copper Mining Investor Relations →
Freeport-McMoRan Inc. (FCX) closed at $60.67 as of 2026-02-02, trading 52.7% above its 200-week moving average of $39.74. The stock moved further from the line this week, up from 51.8% last week. With a 14-week RSI of 87, FCX is in overbought territory.
Over the past 1547 weeks of data, FCX has crossed below its 200-week moving average 26 times. On average, these episodes lasted 26 weeks. Historically, investors who bought FCX at the start of these episodes saw an average one-year return of +5.5%.
With a market cap of $87.1 billion, FCX is a large-cap stock. The company generates a free cash flow yield of 1.6%. Return on equity stands at 13.9%. The stock trades at 4.5x book value.
Over the past 29.8 years, a hypothetical investment of $100 in FCX would have grown to $698, compared to $1725 for the S&P 500. FCX has returned 6.7% annualized vs 10.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -25.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: FCX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FCX Crosses Below the Line?
Across 26 historical episodes, buying FCX when it crossed below its 200-week moving average produced an average return of +10.8% after 12 months (median +2.0%), compared to +15.0% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +24.3% vs +34.8% for the index.
Each line shows $100 invested at the moment FCX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FCX has crossed below its 200-week MA 26 times with an average 1-year return of +5.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1997 | Feb 1997 | 2 | 2.3% | -47.5% | +657.0% |
| Mar 1997 | Apr 1997 | 4 | 7.3% | -27.3% | +667.0% |
| Jun 1997 | Jul 1997 | 7 | 4.0% | -42.6% | +657.5% |
| Aug 1997 | May 2001 | 194 | 60.4% | -56.9% | +664.8% |
| Jun 2001 | Nov 2001 | 23 | 26.6% | +46.9% | +1498.6% |
| Dec 2001 | Dec 2001 | 3 | 4.9% | +21.2% | +1542.5% |
| Sep 2002 | Nov 2002 | 7 | 10.3% | +150.7% | +1517.1% |
| Sep 2008 | Aug 2009 | 47 | 73.6% | +5.9% | +168.6% |
| Jan 2010 | Feb 2010 | 1 | 1.9% | +62.9% | +153.3% |
| May 2010 | Jul 2010 | 11 | 16.7% | +52.3% | +149.4% |
| Aug 2010 | Aug 2010 | 1 | 0.6% | +34.2% | +139.5% |
| Sep 2011 | Oct 2011 | 5 | 19.6% | +29.6% | +150.2% |
| Nov 2011 | Nov 2011 | 2 | 9.3% | +2.8% | +117.7% |
| Dec 2011 | Jan 2012 | 3 | 0.9% | -5.7% | +117.4% |
| May 2012 | Aug 2012 | 13 | 10.4% | -2.9% | +128.1% |
| Dec 2012 | Oct 2013 | 46 | 25.1% | +17.4% | +145.7% |
| Nov 2013 | Dec 2013 | 3 | 3.7% | -19.7% | +106.5% |
| Jan 2014 | Jun 2014 | 22 | 12.1% | -38.8% | +116.7% |
| Sep 2014 | Dec 2017 | 172 | 84.9% | -71.3% | +99.3% |
| Apr 2018 | May 2018 | 2 | 3.9% | -17.2% | +336.5% |
| Aug 2018 | Apr 2019 | 33 | 25.6% | -33.8% | +377.3% |
| Apr 2019 | Jul 2020 | 63 | 57.0% | -31.2% | +427.1% |
| Dec 2024 | Jan 2025 | 1 | 3.0% | +39.8% | +63.7% |
| Jan 2025 | Mar 2025 | 7 | 7.6% | +62.0% | +62.7% |
| Mar 2025 | Jun 2025 | 10 | 24.9% | N/A | +60.1% |
| Sep 2025 | Sep 2025 | 1 | 9.1% | N/A | +70.7% |
| Average | 26 | — | +5.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02