PerpEquities

Equity

Freeport-McMoRan (FCX) perpetual futures

FCX perpetual futures on 5 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FCXUSDT.

Freeport-McMoRan Inc. is a mining company that explores and extracts copper, gold, molybdenum, and silver in the Americas and Indonesia, along with oil and gas operations.

$63.61+1.3%NYSE closed
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Collecting venue price data...
venue perp mark · Bitget (FCX/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

5/5 live markets
Venues
5
Live markets
5/5
24h volume
$528.5KCoverage: 4/5 marketsExchange-reported volume: $1.2M
Open interest
$524K
Best liquidity
$427.4K
BingX
Tightest spread
+27.1 bps
MEXC
Highest volume
$309.9K
BingX
Settlement mix
USDT · 5/5
Perp/spot vol.
0.00x
Spot volume $519.8M
OI / float
0.00%
Float $90.9B
Spot performance
1D+0.83%
5D-1.02%
1M-13.55%
6M+12.07%
YTD+22.62%
1Y+57.99%

Venue matrix

5 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeFCX-USDTTrading$63.61-5.5% APR
-0.00500% every 8h
+28.3 bps$427.4K$309.9K$6.2KUSDT-
MEXCTradeFCX/USDTTrading$62.790.0% APR
0.000% every 8h
+27.1 bps$20.2K$104.7K$405KUSDT20x
HTXTradeFCX/USDTTrading$62.710.0% APR
0.000% every 8h
+235.1 bps$0$102.1K$5.2KUSDT-
Gate.ioTradeFCX/USDTTrading$62.800.0% APR
0.000% every 8h
+132.3 bps$5.7K$11.8K$68.3KUSDT20x
BitgetTradeFCX/USDTTrading$62.820.0% APR
0.000% every 8h
+27.1 bps-$650.9K⚠$39.5KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 5 venues absorb $10k · Typical cost: +35.4 bps – +59.8 bps

Cheapest execution: BingX · +23.2 bps

No fresh book data: Gate.io, Bitget, HTX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FCX

Tightest spread

FCX

Highest volume

FCX

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-27 · next report 2027-01-28 · Updated 125h ago
All financials →

Valuation & key figures

Market cap
$89.8B
Updated 125h ago
Revenue
$26.4B
Trailing 12 months
Revenue growth
+16%
Next fiscal year
Profit margin
+13.0%
P/E
26.2
Peer P/E 13.1
P/S
3.4
Peer P/E
13.1
Similar listed perps
Free cash flow
$6.1B
Trailing 12 months
Net income
$3.4B
Trailing 12 months
Revenue estimate
$29.9B
Next fiscal year
Earnings
2027-01-28
Revenue est. $9B · Updated 125h ago
Dividend
$0.15
2026-10-15
Revenue (TTM)$26.4B+1.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)27.6%+1.3 pp vs a year agoOperating income $7.3B
Net income (TTM)$3.45B+66.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$6.13B+51.1% vs a year agoCapex $103M
Diluted EPS (TTM)$2.38+66.4% vs a year agoSum of the last 4 quarters
Net cash-$6.02B-26.8% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-27): revenue beat by 2.5%, EPS beat by 8.0%Revenue $7.55B vs $7.36B expected (+2.5%); EPS $0.88 vs $0.82 (+8.0%).
  • Revenue growth accelerating: 8.2% year on yearQ3 '26 revenue $7.55B, against an average of 1.3% over the four quarters before.
  • Operating margin 27.6% (TTM), +1.3 pp on a year agoOperating income grew 6.8% while revenue grew 1.7%.
  • Capex 0.4% of revenue (a year ago 8.8%)$103M invested in the last 4 quarters (-95.5% on a year earlier). Free cash flow $6.13B = 178.0% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Copper Cathode$2.65B+21.8%39.6%
Copper In Concentrates$976M-51.8%14.6%
Gold$640M-65.1%9.6%
Refined Copper Products$1.53B+58.2%22.9%
Molybdenum$728M+52.0%10.9%
Purchased Copper$164M-5.2%2.5%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 287 lines Freeport-McMoRan Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-28
Revenue est. $9B · Updated 125h ago
Dividend
$0.15
2026-10-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.17$29.9B+16%9
FY 20274.27$36.4B+41%14
FY 20284.73$38.4B+49%9
FY 20294.87$42.3B+64%3
FY 20302.80$41.9B+63%3
Q1 20270.96$8.8B+41%7

Company events

6
2027-01-28EarningsActual - / Estimate 1.03-
2026-10-27Earnings · Before market openActual 0.88 / Estimate 0.82Beat
2026-10-15Dividend$0.15-
2026-07-22EarningsActual 0.68 / Estimate 0.6Beat
2026-07-15Dividend$0.15-
2026-04-23EarningsActual 0.57 / Estimate 0.47Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 03:30 PM UTC

Company profile

Sector
Basic Materials
Industry
Copper
Chief executive
Kathleen L. Quirk
Employees
29,000
IPO date
Jul 10, 1995
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei2.99
Piotroski scorei7/9
Overall ratingiB+
Owner earningsi$1.74B$1.21 per share
ESG risk ratingiBIndustry rank: 4 out of 8

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
2
Price to earningsi
2
Price to booki
1
Market cap history
$90.08B-1.9%Aug 26 – Oct 26
$90.08B$101.17B$112.27BHigh: $112.27B · 2026-08-24Latest: $90.08B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $90.08B · 2026-10-30High: $112.27B · 2026-08-24Low: $90.08B · 2026-10-30
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IVV0.14%19.1M
XSP.TO0.14%19.1M
SPY0.14%17.5M
VTV0.38%13.7M
VIIIX0.15%7.6M
XLB5.18%6.6M
PVAL2.94%6M
COPX5.17%5.2M
VWELX0.3%5.1M

Analyst track record

How the analysts covering FCX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings122342
Analysts2228
Buy / hold / sell94 / 28 / 0234 / 108 / 0
Upgrades / downgrades / initiations3 / 3 / 520 / 14 / 8
Price targets hit / missed35 / 79 (31%)246 / 80 (75%)
Avg. return after a rating (TipRanks)-1.1%+19.8%
Best / worst call+50.3% / -28.1%+78.8% / -28.1%

After buy calls on this stock: median 21-day move +3.4% vs S&P 500 -0.2% (n = 227)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Bill PetersonJ.P. Morgan100% hit rate on this stock · 16 targets measuredBuytarget $90.00Oct 28, 2026
  2. Bob BrackettBernstein89% hit rate on this stock · 9 targets measuredHoldno targetSep 14, 2026
  3. Brian MacArthurRaymond James83% hit rate on this stock · 12 targets measuredBuytarget $66.00Jan 14, 2026

Latest ratings

DateAnalystCallTarget
Nov 2, 2026Vitaly KononovFreedom Capital MarketsHoldMaintained$68.00
Oct 28, 2026Sam CrittendenRBC CapitalHoldReiterated$85.00
Oct 29, 2026Richard GarchitorenaBarclaysBuyMaintained$84.00
Oct 29, 2026Richard GarchitorenaBarclaysBuyMaintained$84.00
Oct 28, 2026Ralph M. ProfitiStifel NicolausBuyMaintained$80.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$50.00$55.00$60.00$65.00$70.00$75.00$80.00Dec 25 · Buy 16 · Hold 2 · Sell 0Dec 25Jan 26 · Buy 14 · Hold 3 · Sell 0Feb 26 · Buy 15 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 15 · Hold 3 · Sell 0Apr 26 · Buy 14 · Hold 3 · Sell 0Apr 26May 26 · Buy 15 · Hold 3 · Sell 0Jun 26 · Buy 15 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 14 · Hold 3 · Sell 0Aug 26 · Buy 15 · Hold 3 · Sell 0Aug 26Sep 26 · Buy 15 · Hold 4 · Sell 0Oct 26 · Buy 14 · Hold 4 · Sell 0Oct 26Nov 26 · Buy 14 · Hold 4 · Sell 0Dec 25 · avg. target $50.33Jan 26 · avg. target $57.50Feb 26 · avg. target $60.00Mar 26 · avg. target $61.47Apr 26 · avg. target $69.73May 26 · avg. target $71.94Jun 26 · avg. target $71.56Jul 26 · avg. target $74.71Aug 26 · avg. target $74.71Sep 26 · avg. target $75.47Oct 26 · avg. target $81.27Nov 26 · avg. target $81.27Dec 25 · month-end close $50.79Jan 26 · month-end close $60.23Feb 26 · month-end close $68.08Mar 26 · month-end close $58.78Apr 26 · month-end close $57.78May 26 · month-end close $65.71Jun 26 · month-end close $62.89Jul 26 · month-end close $62.63Aug 26 · month-end close $75.74Sep 26 · month-end close $70.00Oct 26 · month-end close $62.47Nov 26 · month-end close $62.47

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 2, 2026 · 122 ratings

Frequently asked questions

Where can I trade FCX perpetual futures?

Freeport-McMoRan (FCX) perpetual futures trade on 5 crypto venues, including Bitget, BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FCX around the clock?

Yes. Unlike the underlying stock, FCX perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FCX perpetuals?

Right now the FCX perp funding rate is 0.0% annualized (venue median), ranging from -5.5% to 0.0% across 5 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FCX perp price compare to the Freeport-McMoRan stock?

The venue-median FCX perp mark is $62.8 versus a reference stock price of $63.6, a basis of -1.3%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FCX perpetual future?

A FCX perpetual is a derivative that tracks the price of Freeport-McMoRan with no expiry date. It lets you take long or short exposure to Freeport-McMoRan on crypto venues, around the clock.

What is FCXUSDT perpetual?

FCXUSDT is the symbol most crypto exchanges use for the Freeport-McMoRan perpetual settled in USDT (Tether). It tracks the FCX share price through an index, trades 24/7 with leverage and never expires.

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