Freeport-McMoRan (LIM:FCX) Moat Score: 6/10 (As of Jul. 03, 2026)


LIM:FCX Freeport-McMoRan Inc LIM:FCX
81 GF Score
Price $60.00
GF Value $47.51
Valuation Modestly Overvalued
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What is Freeport-McMoRan Moat Score?

Freeport-McMoRan LIM:FCX -1.66% 81 Moat Score is 6 as of Jul. 03, 2026. GuruFocus rates LIM:FCX with a GF Score™ of 81/100 and a GF Value™ of $47.51 (Modestly Overvalued). Among 2,612 Metals & Mining companies, Freeport-McMoRan ranks better than 99.73% on this metric.

Freeport-McMoRan has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Freeport-McMoRan has Narrow Moat: Freeport-McMoRan Inc benefits from economies of scale and significant market share in the mining industry. While it has some cost advantages and regulatory barriers, the competitive nature of the industry and fluctuating commodity prices prevent a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Freeport-McMoRan might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Freeport-McMoRan  (LIM:FCX) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Freeport-McMoRan Moat Score Related Terms

LIM:FCX vs SCCO, IE, COPRD: Moat Score Comparison

For the Copper subindustry, Freeport-McMoRan's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Freeport-McMoRan Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Moat Score distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's Moat Score falls into.


LIM:FCX
81GF Score
Freeport-McMoRan Inc LIM:FCX
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Freeport-McMoRan (LIM:FCX) has a Moat Score of 6 as of Jul. 03, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Freeport-McMoRan ranks #7 out of 2612 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Freeport-McMoRan's Moat Score too high?
Freeport-McMoRan's current Moat Score is 6. The Metals & Mining industry median Moat Score is 1.00. Freeport-McMoRan's value of 6 is 500% above this industry median. Based on the distribution chart, Freeport-McMoRan ranks #7 out of 2612 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Freeport-McMoRan has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Moat Score compare to SCCO and IE?
According to the Metals & Mining industry distribution chart, Freeport-McMoRan ranks #7 out of 2612 companies for Moat Score. This places Freeport-McMoRan in the top 0% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Freeport-McMoRan's value of 6 is 500% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freeport-McMoRan's current Moat Score of 6 is 500% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freeport-McMoRan's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freeport-McMoRan stock overvalued right now?
Based on GuruFocus' analysis, Freeport-McMoRan (LIM:FCX) is currently considered Modestly Overvalued. The stock's GF Value™ is $47.51, compared to a current price of $60.00 — trading 26.3% above its estimated fair value. The current Moat Score is 6 and 500% above the Metals & Mining industry median of 1.00. Freeport-McMoRan's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Freeport-McMoRan (LIM:FCX), the current Moat Score is 6 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Freeport-McMoRan (LIM:FCX) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of $60.00 is trading 26.3% above its estimated GF Value™ of $47.51. GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.

Key valuation signals for LIM:FCX:

  • Moat Score: 6
  • GF Value™: $47.51 vs. price of $60.00 (26.3% above fair value)
  • GF Score™: 81/100
  • Industry Position: 500% above the Metals & Mining median (#7 of 2612)

No single metric tells the full story. See the LIM:FCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Freeport-McMoRan Business Description

Address 4340 East. Cotton Center boulevard, Suite 110, Phoenix, AZ, USA, 85040-8852
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
81GF Score

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$60.00
Price
$47.51
GF Value