Based on the comprehensive data, here's my analysis of FCX:

Based on the comprehensive data, here's my analysis of FCX:

FCX - Freeport-McMoRan Stock Analysis

Current Price: $67.57 | Market Cap: $97.1B | ORTEX Stock Score: 80.79/100

Price Performance

FCX has surged 29.7% over the past month and is up 33% year-to-date. The stock recently pulled back 3.7% on April 21st after a strong rally. The RSI of 60.33 suggests the stock is in neutral territory, neither overbought nor oversold.

Short Interest - Low and Declining

Short interest stands at just 1.91% of free float with 27.1 million shares short as of March 31st. This represents a 22.5% decline over the past month, indicating short sellers have been covering positions as the stock rallied. Days to cover is minimal at 0.52 days.

Cost to borrow is exceptionally low at 0.28%, and availability is abundant at 9,638% of short interest—meaning there are far more shares available to borrow than current short positions. The ORTEX Short Score of 29.6 is relatively low, reflecting minimal short-side pressure.

Options Activity - Elevated Put Buying

The put/call ratio spiked to 1.07 on April 21st, with a Z-score of +2.06 against the 20-day average. This suggests elevated hedging or bearish positioning in the options market, possibly due to upcoming earnings or profit-taking after the recent rally.

Fundamentals & Valuation

• Revenue (TTM): $30.0B
• EBITDA: $12.9B
• Net Income: $4.0B
• EPS: $3.06
• EV/EBITDA: 8.99x
• Forward Dividend Yield: 0.85%

The company generates strong operating cash flow of $8.6B and maintains a modest net debt position of $4.0B. Analysts see 1.6% upside from current levels.

Upcoming Catalyst

Freeport-McMoRan reports Q1 2026 earnings on April 23rd (tomorrow). The elevated put/call ratio and recent 3.7% pullback may reflect caution ahead of this event.

Summary

FCX shows strong momentum with minimal short interest and solid fundamentals. The stock has benefited from copper price strength, posting impressive gains. However, elevated put activity and the upcoming earnings report suggest near-term uncertainty. The high ORTEX Stock Score of 80.79 indicates strong overall quality across momentum, growth, and value metrics.

This is not financial advice. Data may contain inaccuracies.