Freeport-McMoRan (FCX) After Q3 Production Update With Undervalued Narrative Still In Play

Freeport-McMoRan (FCX) has just updated investors on third quarter 2026 copper and gold production, with volumes broadly matching internal expectations and a chunk of Indonesian gold output pushed into the final quarter. Freeport-McMoRan’s production update lands after a softer trading stretch, with the 1-day share price return down 3.87% and the 7-day share price return down 3.12%. However, the 90-day share price return of 18.89% and year-to-date share price return of 34.07% point to strong...