FCX Freeport-McMoRan (NYSE) Pre-market Jan 21, 2026: +2.32% to 60.07 ahead of Q4 report
FCX stock opened pre-market on Jan 21, 2026 at 59.10 and is trading at 60.07, up 2.32%, as investors position ahead of Freeport-McMoRan Inc.’s Q4 earnings on Jan 22, 2026. The move reflects stronger copper prices and optimism around project updates from Chile and Indonesia. Freeport-McMoRan (FCX) trades on the NYSE in the United States and carries a market capitalization near USD 86.24 billion. We examine the earnings setup, valuation, technicals, and Meyka AI model forecasts to highlight what could drive the next leg of movement in FCX stock
FCX stock: Pre-market snapshot and immediate drivers
Freeport-McMoRan Inc. (FCX) is trading at USD 60.07 in pre-market action after an open of USD 59.10, with volume at 19,570,074 versus an average of 16,007,877. The stock is up 2.32% as traders price in copper strength and the company’s Q4 announcement on 2026-01-22 08:30 EST. For a live quote confirm details at CNBC FCX quote.
FCX stock: Earnings setup and expected catalysts
Freeport reports Q4 results before the open on Jan 22, 2026 and consensus models expect the quarter to be driven by realized copper prices and volume disruptions. Street estimates point to a modest EPS impact from reduced Indonesian volumes after the Grasberg incident, while copper price strength is likely to boost realized prices. Analysts note risks from higher unit costs but see upside if realized copper averages hold near current levels.
FCX stock: Fundamentals and valuation snapshot
Freeport-McMoRan shows trailing EPS of 1.43 and a trailing P/E of 42.00, with book value per share near 21.07 and cash per share 3.15. The company’s market cap is USD 86,241,995,440.00, price average 50-day 47.38, and 200-day 42.46, indicating a strong recent run. Key ratios include debt-to-equity 0.50, dividend per share 0.60, and dividend yield about 1.00%, which frame valuation versus sector peers in copper and basic materials.
FCX stock: Technicals and trading flow
Momentum is strong: RSI 73.55 signals overbought conditions while ADX 38.02 shows a firm trend. MACD sits at 2.86 with a signal 2.58, and on-balance volume supports the move with daily volume 19,570,074. Traders should note the year high 60.71 and a recent 1-month gain of 22.20% as technical resistance and momentum factors that could influence intraday moves.
FCX stock: Meyka AI grade and model forecast
Meyka AI rates FCX with a score out of 100: 74.63 giving a B+ grade and suggestion BUY. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects a short-term monthly target of USD 61.00 and a 12-month model value of USD 49.09. Compared to the current price USD 60.07, the monthly projection implies +1.55% upside and the 12-month model implies -18.30% downside. Forecasts are model-based projections and not guarantees.
FCX stock: Risks and opportunities ahead of the report
Opportunities include higher copper demand from electrification and strong project pipelines in Chile and Indonesia that could expand long-term volumes. Risks include lower short-term volumes from Grasberg, rising unit costs, and sensitivity to copper price swings. Capital discipline and cash flow metrics such as free cash flow per share 2.81 and interest coverage 20.78 provide some balance against operational risks.
Final Thoughts
Key takeaways for FCX stock ahead of Q4: the pre-market push to 60.07 reflects copper strength and optimism on project execution, but the earnings print will hinge on realized copper prices and volume contribution from Indonesia. Meyka AI’s model shows a near-term monthly projection of USD 61.00 (implied +1.55% vs USD 60.07) while a longer 12-month model value sits at USD 49.09 (implied -18.30%). Valuation is rich on trailing P/E 42.00, and technicals flag overbought momentum (RSI 73.55). Investors should weigh the B+ Meyka AI grade and the company’s strong cash metrics against operational risk and cost pressure. For continuous updates and model signals see our page at Meyka FCX page and background on project potential at Nasdaq analysis. Forecasts are model-based projections and not guarantees. We will watch realized copper prices, Q4 volume detail, and management commentary for the clearest directional signals.
FAQs
When does Freeport-McMoRan report earnings and how does it affect FCX stock?
Freeport reports Q4 results before the open on Jan 22, 2026 at 08:30 EST. The report will move FCX stock mainly via realized copper prices, reported sales volumes, and guidance for 2026 production.
What are the main valuation metrics for FCX stock to watch?
Watch trailing P/E 42.00, book value per share 21.07, and price-to-book near 4.62. Also track free cash flow per share 2.81 and debt-to-equity 0.50 for leverage context.
What short-term price action does Meyka AI forecast for FCX stock?
Meyka AI’s model projects a monthly target of USD 61.00, implying about +1.55% from USD 60.07. These model outputs are probabilistic and not guaranteed.
What are the top risks that could push FCX stock lower after earnings?
Top risks include weaker-than-expected copper realizations, lower Indonesian volume contribution, rising unit costs, and any downgrade to production guidance; these could pressure FCX stock despite healthy cash metrics.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
