The Zacks Major Regional Banks’ asset quality is expected to remain subdued in the near term due to a challenging operating backdrop. While the Federal Reserve is likely to keep rates unchanged in the near term, industry players should continue benefiting from relatively lower rates. Combined with decent economic growth and improving loan demand, this is expected to support expansion in net interest income and margins.
Business restructuring and expansion efforts, along with ongoing digitization, should provide additional support. Major regional banks like State Street Corporation (STT - Free Report) and Northern Trust Corporation (NTRS - Free Report) are well-positioned to gain.
About the Industry The Zacks Major Regional Banks industry includes the nation’s largest banks in terms of assets, with most operating globally. The financial performance of these banks largely depends on the nation’s economic health. As banks are involved in numerous complex financial activities, they are required to comply with stringent regulations set by the Federal Reserve and other regulatory agencies. Apart from traditional banking services, which are the source of net interest income (NII), major regional banks provide a wide array of other financial services and products to retail, corporate and institutional clients, both domestic and global. These include credit and debit cards, mortgage banking, wealth management and investment banking, among others. A significant revenue source for these banks is fees and commissions earned from these services.
4 Themes to Influence the Regional Banks Industry's Prospects No Change in Interest Rates: After the Fed lowered interest rates by a cumulative 175 basis points across 2024 and 2025, driven by easing inflation and weakening labor-market conditions, ongoing geopolitical tensions in the Middle East and the resulting oil-price shock are expected to keep rates unchanged for much of the year. Yet, major regional banks will likely keep benefiting from lower rates (compared with historically higher rates in 2022 and 2023) as deposit and funding costs fall/stabilize and the lending backdrop gradually improves. As such, industry players’ NII and margins are expected to keep expanding.
Rise in Loan Demand: The central bank’s aggressive monetary tightening in 2021 and 2022 weighed on loan demand amid concerns over a potential economic downturn or recession. However, the trend has reversed since then. According to the Fed’s Summary of Economic Projections released in December 2025, U.S. economic growth is expected to improve. This, coupled with declining borrowing costs and greater clarity on several macroeconomic factors, is likely to support loan demand. Major regional banks are expected to see a solid increase in demand for both wholesale and consumer loans.
Restructuring Initiatives: Major regional banks are taking steps to diversify into new business areas and reduce their reliance on spread income. Business restructuring remains essential for supporting technological advancement, expanding domestic and global operations and improving profitability. Industry players are investing in artificial intelligence and other digital platforms while also partnering with or acquiring providers of such services. Several major regional banks are aggressively expanding their footprints both within the United States and internationally. Many are also reassessing their business structures to streamline operations and exit less profitable businesses.
Asset Quality: Mounting worries about the economy and uncertainty around trade policies pursued by the Trump administration have added to inflationary pressure. Renewed Middle East tensions and oil-shock risks are further lifting costs, squeezing household and business budgets and, in turn, weakening borrowers’ repayment capacity. In response, major regional banks are expected to increase loan-loss reserves to cushion against potential defaults and payment delays. While disciplined underwriting and generally resilient borrowers have helped industry players keep asset quality under control, several key credit indicators have drifted above pre-pandemic levels.
Zacks Industry Rank Reflects Bright Prospects The Zacks Major Regional Banks industry is a nine-stock group within the broader Zacks Finance sector. The industry currently carries a Zacks Industry Rank #51, which places it in the top 21% of more than 240 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates outperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outpace the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of an encouraging earnings outlook for the constituent companies in aggregate. The aggregate estimate revision trend reflects an improving situation. Over the past year, the industry’s earnings estimates for 2026 have been revised 7% upward, and those for 2027 are up 11.3%.
Before we present a couple of major regional bank stocks to bet on, let’s take a look at the industry’s recent stock market performance and valuation picture.
Industry's Stock Market Performance Is Solid The Zacks Major Regional Banks industry outperformed the S&P 500 composite and the sector over the past two years.
Stocks in this industry have collectively jumped 58.5% over the past two years. In the same time frame, the Zacks S&P 500 composite has surged 49%, and the Zacks Finance sector rallied 35%.
Two-Year Price Performance
Industry's Valuation is Attractive One might get a good sense of the industry’s relative valuation by looking at its price-to-tangible book ratio (P/TBV), which is commonly used for valuing banks because of large variations in their earnings from one quarter to the next.
The industry currently has a trailing 12-month P/TBV of 2.67X. This compares with the highest level of 3.21X, the lowest of 1.85X and the median of 2.39X over the past five years. The industry is trading at a huge discount compared with the market at large, as the trailing 12-month P/TBV for the S&P 500 composite is 12.15X, as the chart below shows.
Price-to-Tangible Book Ratio (TTM)
As finance stocks typically have a lower P/TBV ratio, comparing major regional banks with the S&P 500 may not make sense to many investors. However, comparing the group’s P/TBV ratio with that of the broader sector ensures that the group is trading at a solid discount. The Zacks Finance sector’s trailing 12-month P/TBV came in at 5.91X. This is above the Zacks Major Regional Banks industry’s ratio, as the chart below shows.
Price-to-Tangible Book Ratio (TTM)
2 Major Regional Banks to Bet On State Street: Headquartered in Boston, MA, State Street provides a range of products and services for institutional investors worldwide through its subsidiaries. As of March 31, 2026, State Street reported assets under custody and administration (AUC/A) of $54.5 trillion and assets under management (AUM) of $5.62 trillion.
State Street is continuing with its efforts to strengthen fee income sources. While the company’s total fee revenues declined in 2022 and 2023, the metric saw a four-year (2021-2025) CAGR of 2.3%, mainly driven by higher client activity and significant market volatility. AUC/A and AUM recorded a CAGR of 5.3% and 8.2%, respectively, in the same time frame.
At the end of the first quarter, STT reported $2.7 trillion of AUC/A to be installed and $315 million of servicing fee revenues to be installed. This provides better forward visibility beyond near-term market swings, while continued Alpha mandate wins reinforce demand for integrated front-to-back solutions. State Street remains well-positioned for fundamental business activities, given its global exposure and a broad array of innovative products and services.
This Zacks Rank #2 (Buy) company has been using partnerships, minority stakes and strategic bolt-on acquisitions to expand growth platforms across investment, distribution and technology. Last year, the company expanded through partnerships, minority investments and acquisitions. Despite lower rates, State Street’s NII and net interest margin are expected to witness decent improvements in the near term. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
STT has a market cap of $43.7 billion. The Zacks Consensus Estimate for earnings indicates growth of 19.9% for 2026 and 11.8% for 2027. Over the past six months, the stock has gained 33.4%.
Price and Consensus: STT
Northern Trust: With total assets worth $174.6 billion as of March 31, 2026, Northern Trust is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals.
Organic growth is the company’s key strength. Its revenues witnessed a CAGR of 5.7% over the last five years (2020-2025), driven by rising non-interest income and NII. As the client base expands, the company expects to see a steady rise in loan activity, particularly as its wealth management services attract more clients. This ongoing focus on wealth management is expected to drive growth in the lending portfolio.
Following the launch of Family Office Solutions for ultra-high-net-worth clients, NTRS’ investment management division, Northern Trust Asset Management, partnered with Envestnet in January to expand access to its tax-managed direct indexing solutions, enhancing distribution reach for this client segment. These initiatives, along with continued asset servicing wins and low double-digit wealth management trust fee growth, are expected to support fee income and strengthen organic growth momentum.
NTRS is undertaking expense management efforts to tackle expense growth and support operating leverage. It focused on disciplined headcount management, vendor consolidation, rationalization of its real estate footprint and process automation. Through such efforts, it will likely improve productivity and meet the financial targets.
NTRS has a market cap of $31.1 billion. The Zacks Consensus Estimate for earnings indicates 18.5% and 10.6% growth in 2026 and 2027, respectively. The company, which sports a Zacks Rank of 1, witnessed a 28.6% rise in its stock price over the past six months.
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, John Woods, will present at the Morgan Stanley U.S. Financials Conference in New York, NY on Wednesday, June 10, 2026 at approximately 1:45 pm ET.
An audio webcast of the event will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com/. A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $54.5 trillion in assets under custody and/or administration and $5.6 trillion* in assets under management as of March 31, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of March 31, 2026 includes approximately $184 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2026 financial results on Thursday, July 16, 2026 at approximately 7:30 a.m. ET. A conference call to review the firm’s financial results will be held at 11:00 a.m. ET.
The conference call will be accessible via audio webcast on State Street’s Investor Relations website, http://investors.statestreet.com, or by telephone at (+1) 805 309 0220 (Participant Passcode: 93090#). Materials will be available on the website prior to the call.
For those unable to listen to the live webcast, a replay will be available on the website for approximately one month.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $54.5 trillion in assets under custody and/or administration and $5.6 trillion* in assets under management as of March 31, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of March 31, 2026 includes approximately $184 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been selected by Principal Financial Group®, a global financial services company specializing in retirement solutions, asset management and insurance, to provide custody, fund accounting and administration services for Principal Funds.
By bringing together our global scale, deep expertise and integrated servicing capabilities, we are well positioned to enhance operational efficiency and support of Principal and the continued evolution of their investment products. - Joerg Ambrosius
Share Under the expanded mandate, Principal® will leverage State Street’s integrated investment servicing platform and global operating scale to support the continued evolution of its mutual fund business. The appointment reflects the focus of Principal on aligning operating strategy with scalable infrastructure as it continues to broaden its investment offerings.
The mandate builds on a relationship between State Street and Principal that spans more than a decade, during which State Street has supported Principal across a range of investment vehicles, including exchange-traded funds (ETFs) and collective investment trusts (CITs), as the firm has grown and diversified its product suite.
“Principal has a strong track record of innovation and client focus, and we are pleased to expand our relationship in support of their next phase of growth,” said Joerg Ambrosius, president of Investment Services at State Street. “By bringing together our global scale, deep expertise and integrated servicing capabilities, we are well positioned to enhance operational efficiency and support of Principal and the continued evolution of their investment products.”
This engagement reinforces State Street’s position as a leading provider of integrated investment servicing solutions and underscores the firm’s ability to execute complex client conversions at scale, while maintaining continuity, resilience and high‑quality service.
“Partnering with State Street gives us access to a scalable operational structure and speed to market as we continue to transform our U.S. wealth and retirement business,” said Kamal Bhatia, president & CEO, Principal Asset Management.® “This transition reflects our focus on strategic partnering and outsourcing that accelerates our business for long‑term profitable growth.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With US$54.5 trillion in assets under custody and/or administration and US$5.6 trillion* in assets under management as of March 31, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of March 31, 2026 includes approximately US$184 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
About Principal Asset Management®
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $593.9 billion in assets and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years.
Learn more at www.PrincipalAM.com
[1] As of December 31, 2025
[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025.
On June 04, 2026, State Street Corp STT shares rose 3.1% to a current price of $162.75. The stock has seen a significant performance increase over the past year, with a remarkable 74.3% rise, while the 52-week range spanned from a low of $95.62 to a high of $163.95.
GF Value™ verdict: Current price is $162.75, which is 43.7% above the GF Value™ of $113.24, indicating overvaluation.GF Score™: 80/100, which suggests strong overall performance relative to peers.Most notable signal: Insider activity reflects a net selling position, with insiders selling $7.7M compared to $0.3M in purchases over the last three months. Is STT Overvalued or Undervalued? The current market price of State Street Corp STT at $162.75 significantly exceeds the GF Value™ estimate of $113.24, marking the stock as 43.7% overvalued. This discrepancy suggests that the market may have overestimated the company's future growth potential or that the stock has entered speculative territory. Given that GF Valuation is labeled as "Significantly Overvalued," this presents a cautionary signal for potential investors. A margin of safety is essential to consider; buying at inflated prices can lead to reduced returns if the market corrects itself.
The risk associated with overvaluation lies in the potential for price corrections, which can occur due to various market factors, including changes in investor sentiment, economic conditions, or company-specific developments. As such, investors may need to evaluate their strategies carefully when considering entry points into STT shares.
How Does STT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.5x 12.5x Forward P/E 13.1x - The current P/E ratio of 16.5x is 32% above the 5-year median P/E of 12.5x, indicating that State Street Corp is trading at a premium compared to its historical valuation levels. This analysis aligns with the GF Value™ verdict, highlighting the stock's current overvaluation and reinforcing the cautionary stance regarding its pricing.
What Does STT's GF Score™ Tell Us? Metric Rating GF Score™ 80/100 Financial Strength 4/10 Profitability 6/10 Growth 8/10 Valuation 5/10 Momentum 9/10 The GF Score™ of 80/100 reflects strong performance across various metrics, with the highest rating in Growth (8/10) and Momentum (9/10). However, the Financial Strength score of 4/10 indicates areas of concern that could impact long-term stability. Overall, while State Street Corp exhibits strong momentum and growth characteristics, investors should be mindful of its weaker financial strength when considering the stock's future performance.
What Are Insiders Doing with STT Stock? Recent insider activity at State Street Corp shows a significant selling trend, with insiders selling $7.7 million worth of shares compared to only $0.3 million in purchases over the last three months. This pattern of net selling may suggest a lack of confidence among insiders regarding the stock's current valuation or future performance. When insiders sell a substantial amount of stock, it can raise concerns for potential investors about the company's prospects.
In the absence of substantial buying activity from insiders, the current selling trend may signal a cautious outlook, reinforcing the notion of overvaluation indicated by the GF Value™ assessment.
What This Means for Investors Based on the analysis, State Street Corp STT is currently deemed overvalued according to the GF Value™ metric. The significant premium over the estimated intrinsic value raises concerns about potential future price corrections. Investors should take a cautious approach when considering this stock in their portfolios.
For the complete analysis, visit the State Street Corp STT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is STT's GF Score™?
STT has a GF Score™ of 80/100, indicating strong overall performance that has historically resulted in higher long-term returns.
Is STT overvalued or undervalued?
STT is currently overvalued, trading at 43.7% above its GF Value™ estimate, suggesting caution for potential investors.
What is STT's P/E ratio?
STT's P/E (TTM) is 16.5x, which is 32% above its 5-year median of 12.5x, indicating it is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways Freeport lowered 2026 copper sales guidance after delays at the Grasberg Block Cave mine.FCX's Q1 copper sales fell 25% year over year due to Grasberg disruptions.BHP and SCCO also reported weaker copper sales volumes in recent quarterly results. Freeport-McMoRan Inc. (FCX - Free Report) delivered first-quarter 2026 earnings and revenue above expectations, driven by higher copper and gold prices, though weaker sales volumes were a drag. Its copper sales volumes tumbled approximately 25% year over year in the first quarter to 657 million pounds, and fell from 709 million pounds in the prior quarter.
The downside primarily resulted from lower operating rates due to the temporary suspension of operations since the mud rush incident at the Grasberg Block Cave mine in Indonesia in September 2025.
While the company’s outlook for copper sales volumes for the second quarter of 690 million pounds indicates a sequential improvement, it still suggests a 32% year-over-year decline. For full-year 2026, consolidated sales volume projections were revised lower to around 3.1 billion pounds of copper from the prior view of 3.4 billion pounds due to an expected delay in achieving full ramp-up of the Grasberg Block Cave mine.
Sales volume growth underpins Freeport’s ability to leverage higher copper and gold prices, maintain margin expansion and deliver on its targets. Despite gains in realized prices, lower expected volumes are likely to strain its financials.
Among FCX’s peers, Southern Copper Corporation (SCCO - Free Report) logged lower copper sales volumes in the first quarter. Southern Copper sold 231,770 tons of copper in the quarter, declining nearly 5% year over year. Southern Copper also saw lower molybdenum sales volumes, which fell roughly 3% year over year.
BHP Group Limited (BHP - Free Report) saw lower year-over-year copper sales in the third quarter of fiscal 2026 (ended March 31, 2026). BHP Group’s copper sales for the quarter fell roughly 12% year over year to 468.7kt. BHP Group’s total copper sales for the nine-month period also declined around 7% from the prior-year period.
The Zacks Rundown for FCXShares of Freeport-McMoRan have gained 32.2% year to date compared with the Zacks Mining - Non Ferrous industry’s rise of 31%.
Image Source: Zacks Investment Research
From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 23.29, a 3.5% discount to the industry average of 24.14X. It carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FCX’s 2026 and 2027 earnings implies a year-over-year rise of 44.6% and 34%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.
On May 26, 2026, Freeport-McMoRan Inc FCX shares rose 3.8% today, bringing the current price to $64.36. Over the past year, the stock has seen an impressive 66.9% increase, with a 52-week range between $35.15 and $70.97.
GF Value™ verdict: The current price is $64.36, which is 36.0% above the GF Value™ estimate of $47.32, indicating that the stock is overvalued.GF Score™: 87/100, which is considered strong and suggests potential for higher long-term returns.Most notable signal: There have been no insider transactions in the last three months, indicating a lack of insider trading activity. Is FCX Overvalued or Undervalued? According to the GF Value™, Freeport-McMoRan Inc FCX is currently trading at a price of $64.36, which is significantly above its calculated intrinsic value of $47.32. This represents a 36.0% margin of overvaluation, suggesting that investors may be paying a premium for the stock compared to its intrinsic value. The GF Valuation label categorizes FCX as significantly overvalued, which raises concerns about the sustainability of its current price level. Such overvaluation could expose investors to potential risks should the market correct this disparity.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current market conditions and the significant gap between the market price and the GF Value™, potential investors should exercise caution when considering an investment in FCX at this time.
How Does FCX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 34.2x 28.0x Forward P/E 24.6x N/A The current P/E ratio of 34.2x is notably above its 5-year median P/E of 28.0x, indicating that the stock is trading at a premium compared to its historical valuation. Additionally, the forward P/E of 24.6x suggests expected earnings growth but still reflects a higher valuation compared to historical trends. This P/E analysis aligns with the GF Value™ verdict of being overvalued, as it indicates that FCX's stock price exceeds historical norms, further validating the concerns raised about its current market price.
What Does FCX's GF Score™ Tell Us? Metric Rating GF Score™ 87 Financial Strength 6/10 Profitability 8/10 Growth 9/10 Valuation 5/10 Momentum 6/10 The GF Score™ of 87/100 indicates that Freeport-McMoRan Inc FCX possesses strong potential for long-term returns. Notably, the strongest areas are in Growth (9/10) and Profitability (8/10), suggesting that the company has solid earnings and growth prospects. However, the Valuation rank of 5/10 indicates that the stock's current valuation is a concern, and the Financial Strength score of 6/10 suggests moderate stability. Overall, while FCX shows promise in growth and profitability, the valuation metrics warrant caution.
What Are Insiders Doing with FCX Stock? In the last three months, there have been no insider transactions reported for Freeport-McMoRan Inc FCX . This lack of insider activity may suggest that company executives are not making significant moves regarding their holdings, which could indicate a neutral outlook on the stock's future performance from those most knowledgeable about the company's operations.
What This Means for Investors Based on the GF Value™ assessment, Freeport-McMoRan Inc FCX is currently considered overvalued. With its market price significantly exceeding the estimated intrinsic value, potential investors may want to approach with caution, as the risks associated with overvaluation could lead to price corrections in the future.
For the complete analysis, visit the Freeport-McMoRan Inc FCX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is FCX's GF Score™?
FCX's GF Score™ is 87/100, which reflects a strong potential for long-term returns based on key financial metrics.
Is FCX overvalued or undervalued?
FCX is currently considered overvalued, with its market price of $64.36 being 36.0% higher than the GF Value™ estimate of $47.32.
What is FCX's P/E ratio?
FCX's P/E ratio is 34.2x, which is above its 5-year median of 28.0x, indicating that the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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Freeport-McMoRan is rated Buy, supported by resilient U.S. operations, a robust expansion pipeline, and discounted valuation at 7.6x EV/EBITDA FWD. Despite a 9% copper and 7% gold production cut at Grasberg, U.S. mines sustain results, with unit net cash costs at $1.91/lb and strong operating margins. FCX's growth pipeline—Bagdad, El Abra, Lone Star, and innovative leach—offers low execution risk and profitability even at conservative copper prices.
Freeport-McMoRan (FCX - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this mining company have returned +11.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Mining - Non Ferrous industry, to which Freeport-McMoRan belongs, has gained 4.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Freeport-McMoRan is expected to post earnings of $0.60 per share for the current quarter, representing a year-over-year change of +11.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.9%.
For the current fiscal year, the consensus earnings estimate of $2.56 points to a change of +44.6% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $3.44 indicates a change of +34% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed +1.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Freeport-McMoRan is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.37 billion indicates a year-over-year change of -16%. For the current and next fiscal years, $27.24 billion and $31.84 billion estimates indicate +5.1% and +16.9% changes, respectively.
Last Reported Results and Surprise HistoryFreeport-McMoRan reported revenues of $6.23 billion in the last reported quarter, representing a year-over-year change of +8.8%. EPS of $0.57 for the same period compares with $0.24 a year ago.
Compared to the Zacks Consensus Estimate of $5.61 billion, the reported revenues represent a surprise of +11.05%. The EPS surprise was +21.28%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Freeport-McMoRan is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Freeport-McMoRan (FCX - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Freeport-McMoRan currently has an average brokerage recommendation (ABR) of 1.42, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.42 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 18 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 75% and 8.3% of all recommendations.
Brokerage Recommendation Trends for FCX
Check price target & stock forecast for Freeport-McMoRan here>>>
The ABR suggests buying Freeport-McMoRan, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is FCX a Good Investment?Looking at the earnings estimate revisions for Freeport-McMoRan, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $2.56.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Freeport-McMoRan. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Freeport-McMoRan.
On May 28, 2026, Freeport-McMoRan Inc FCX shares rose 3.5% to $65.87, continuing a strong performance over the past year with a staggering 71.3% increase. The stock has fluctuated between $35.15 and $70.97 in the past 52 weeks.
GF Value™ verdict: The current price of $65.87 is 39.1% above the estimated fair value of $47.35, indicating that the stock is overvalued.GF Score™: FCX has a GF Score™ of 89/100, which is considered strong and suggests high potential for long-term returns.Most notable signal: The momentum rank is strong at 9/10, indicating positive price movements over recent periods. Is FCX Overvalued or Undervalued? According to GF Value™, Freeport-McMoRan Inc FCX is significantly overvalued at the current price of $65.87 compared to its estimated fair value of $47.35. This represents a substantial 39.1% margin of overvaluation. Given that the GF Valuation label categorizes the stock as significantly overvalued, this poses a risk for potential investors, as the likelihood of a price correction exists if the fundamentals do not support the current valuation.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The overvaluation indicates that the stock may not provide a favorable risk-adjusted return at this price level, suggesting caution for those considering an investment.
How Does FCX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 35.0x 28.0x Forward P/E 25.2x N/A FCX's current P/E (TTM) of 35.0x is markedly above its 5-year median P/E of 28.0x, representing a 25% premium. This P/E analysis aligns with the GF Value™ verdict of being significantly overvalued, as the stock is trading above its historical valuation levels, indicating that current investor expectations may be overly optimistic compared to past performance.
What Does FCX's GF Score™ Tell Us? Metric Rating GF Score™ 89 Financial Strength 6/10 Profitability 8/10 Growth 9/10 Valuation 5/10 Momentum 9/10 The GF Score™ of 89/100 indicates a strong overall performance, particularly in the areas of growth (9/10) and momentum (9/10), suggesting that the company has been expanding effectively and maintaining positive price trends. However, the valuation score of 5/10 highlights a concern regarding its current market price relative to its intrinsic value, as indicated by the overvaluation signal. The financial strength rating of 6/10 suggests a moderate level of stability, which may also contribute to the cautious sentiment surrounding the stock.
What Are Insiders Doing with FCX Stock? In the last three months, there have been no insider transactions reported for Freeport-McMoRan Inc FCX . This lack of activity may suggest that insiders are not currently confident in the stock's price at its current levels, as insider buying often indicates a belief in future growth or undervaluation. Conversely, the absence of selling could imply that insiders are not looking to liquidate their positions, which may reflect a long-term commitment to the company's potential.
What This Means for Investors Based on the analysis, Freeport-McMoRan Inc FCX is deemed overvalued at the current price of $65.87 compared to the GF Value™ of $47.35. Potential investors should be cautious, as the significant overvaluation presents risks if market conditions shift or if the company's performance does not meet elevated expectations.
For the complete analysis, visit the Freeport-McMoRan Inc FCX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is FCX's GF Score™?
FCX has a GF Score™ of 89/100, indicating a strong potential for long-term returns based on multiple performance factors.
Is FCX overvalued or undervalued?
FCX is currently overvalued, with a GF Value™ of $47.35 compared to its current price of $65.87, reflecting a significant overvaluation.
What is FCX's P/E ratio?
The current P/E (TTM) for FCX is 35.0x, which is significantly above its 5-year median P/E of 28.0x, indicating that it is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
In the latest close session, Freeport-McMoRan (FCX - Free Report) was up +2.02% at $67.04. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
Prior to today's trading, shares of the mining company had gained 16.2% outpaced the Basic Materials sector's gain of 4.93% and the S&P 500's gain of 6.32%.
The investment community will be paying close attention to the earnings performance of Freeport-McMoRan in its upcoming release. In that report, analysts expect Freeport-McMoRan to post earnings of $0.6 per share. This would mark year-over-year growth of 11.11%. Our most recent consensus estimate is calling for quarterly revenue of $6.37 billion, down 15.99% from the year-ago period.
FCX's full-year Zacks Consensus Estimates are calling for earnings of $2.56 per share and revenue of $27.24 billion. These results would represent year-over-year changes of +44.63% and +5.12%, respectively.
Investors might also notice recent changes to analyst estimates for Freeport-McMoRan. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 25.62. Its industry sports an average Forward P/E of 26.63, so one might conclude that Freeport-McMoRan is trading at a discount comparatively.
Meanwhile, FCX's PEG ratio is currently 0.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 1.67.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Freeport-McMoRan (FCX - Free Report) Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia’s principal asset is Papua, Indonesia-based Grasberg mine, which contains the world’s largest copper and gold reserves.
FCX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. FCX has a Growth Style Score of B, forecasting year-over-year earnings growth of 44.6% for the current fiscal year.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.56 per share. FCX boasts an average earnings surprise of +32.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FCX should be on investors' short list.
Key Takeaways FCX sees Q2 unit cash costs rising to $2.24 per pound amid energy and consumable cost and volume pressures.Freeport's Q1 copper sales fell 25% year over year after the Grasberg mine mud rush disruption.FCX expects Q2 copper sales of 690 million pounds, improving sequentially but down year over year. Freeport-McMoRan Inc. (FCX - Free Report) saw a decline in its average unit net cash cost per pound of copper in the first quarter of 2026 to $1.91 from $2.22 in the prior quarter. It also fell from $2.07 a year ago.
Freeport, however, is facing headwinds from higher costs in the second quarter. FCX’s outlook for the second quarter suggests higher costs on a sequential basis. It expects unit net cash costs to rise to $2.24 per pound, while projecting a full-year average of roughly $1.95 (compared with $1.65 in 2025).
The projected second-quarter unit cost reflects a roughly 98% year over year and 17% quarter over quarter increase. The uptick in costs reflects higher costs of energy and other consumables due to the Middle East conflict and persistent pressure on volumes. Higher costs are expected to weigh on the company's margins.
Freeport’s copper sales volumes tumbled approximately 25% year over year in the first quarter to 657 million pounds, and fell from 709 million pounds in the prior quarter. The downside primarily resulted from lower operating rates due to the temporary suspension of operations since the mud rush incident at the Grasberg Block Cave mine. While the company’s outlook for copper sales volumes for the second quarter of 690 million pounds indicates a sequential improvement, it still suggests a 32% year-over-year decline.
Among FCX’s peers, Southern Copper Corporation (SCCO - Free Report) reported lower unit costs in the first quarter. Southern Copper’s operating cash cost per pound of copper, net of by-product revenue credits, fell by roughly 114% decline from the prior-year quarter. SCCO’s operating cash cost per pound of copper declined roughly 34% year over year in 2025.
BHP Group Limited (BHP - Free Report) lowered its unit cost guidance for the Escondida operation to the band of $1-$1.2 per pound for fiscal 2026, reflecting by-product credits and strong operational performance. BHP also projects Copper South Australia’s unit cost between $1 and $1.5 per pound. Unit costs at BHP’s Spence operation are expected to be between $2.1 and $2.4 per pound for fiscal 2026.
The Zacks Rundown for FCXShares of Freeport are up 69.5% in the past year against the Zacks Mining - Non Ferrous industry’s rise of 76.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 24.07, a 1.9% discount to the industry average of 24.53X. It carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FCX’s 2026 and 2027 earnings implies a year-over-year rise of 44.6% and 34%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 30 days.
Dan Dreyfus, founder of Borneite Capital, made a striking case for copper on a recent appearance on the All-In Podcast. By his calculations, simply keeping up with ordinary GDP growth would require the world to extract 700 million tons of copper over the next 18 years, which is roughly the same amount humanity has mined over the last 10,000 years. That comparison sits at the center of his structural bull case.
The Demand Shock Dreyfus puts current copper consumption at 30 million tons per year, with electrification of the grid, EVs, and data centers driving demand higher. He emphasizes that the shortfall exists even before accounting for AI demand, and that the US grid faces shortfalls even from ordinary electrification. Independent forecasters echo the directional call: an S&P Global study cited in Freeport McMoRan’s filings projects copper demand reaching 42 million metric tons by 2040, and a separate S&P analysis warns the market could face a deficit of more than 10 million metric tons by 2040.
The Supply Shock The other blade of the scissors, leading to a massive copper shortfall, is supply. Dreyfus notes that only a handful of tier-1 copper mines are coming online before 2030 and that new mines take 7 to 12 years to build. Copper supply is structurally inelastic: even with prices at records, meaningful new tonnage is years away. That gap is what underpins his prediction that “the copper price is easily going to double from here.” Recent disruptions reinforce the point. Copper futures recently touched a record above $6.60 per pound, and Freeport’s own Grasberg mine, hit by a September 2025 mud rush, is not expected to be back at full capacity until late 2027.
China and the National Security Dimension Dreyfus ties critical minerals to US strategic vulnerability. As an example, China’s April export cutoffs of rare earth materials nearly shut down Ford Motor Company’s entire production line. The episode shows how concentrated control of critical inputs can stall US manufacturing. Copper itself was added to the USGS List of Critical Minerals, and a 50% US tariff on copper imports took effect in 2025, helping domestic producers.
The Macro Hedge and How to Play It Dreyfus layers a currency-debasement argument on top of the physical thesis, citing $40 trillion in federal debt growing at $2.5 trillion per year. He argues hard assets are the natural hedge, just as commodities were the best-performing asset class of the 1970s. M2 money supply data lends some empirical weight to the backdrop: the Federal Reserve’s latest reading puts M2 at $22.80 trillion as of April 1, 2026, sitting in the 90.9th percentile historically.
Dreyfus spoke at the commodity level rather than naming individual stocks. The available US-listed vehicles for this thesis include Freeport-McMoRan (NYSE:FCX | FCX Price Prediction), which CEO Kathleen Quirk has positioned as “America’s Copper Champion,” with a market cap near $91.9 billion and a forward earnings multiple of 23x. Freeport’s 53.53% one-year gain already reflects part of the move. For direct futures exposure, the United States Copper Index Fund (NYSEARCA:CPER) carries a 1.06% expense ratio on $456.4 million in net assets and is up 25.81% over the past year. Freeport’s Q1 2026 8-K details a realized copper price that has risen sharply year over year.
Key Takeaways on Copper Dreyfus’ copper thesis is ultimately a supply-and-demand story: the world will likely need far more copper than current mines can realistically deliver, and new supply is slow to come online. If global economic growth, electrification, and infrastructure spending continue as expected, copper prices could face sustained upward pressure for years. Investors should remember, however, that commodity markets are cyclical, demand forecasts can prove too optimistic, and new supply may emerge faster than expected. The long-term bull case is compelling, but the path is unlikely to be smooth.
In the latest trading session, Freeport-McMoRan (FCX - Free Report) closed at $62.08, marking a -3.38% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
The stock of mining company has fallen by 2.7% in the past month, leading the Basic Materials sector's loss of 5.57% and undershooting the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Freeport-McMoRan in its upcoming release. In that report, analysts expect Freeport-McMoRan to post earnings of $0.6 per share. This would mark year-over-year growth of 11.11%. Our most recent consensus estimate is calling for quarterly revenue of $6.37 billion, down 15.99% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.56 per share and a revenue of $27.24 billion, indicating changes of +44.63% and +5.12%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Freeport-McMoRan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Freeport-McMoRan is presently being traded at a Forward P/E ratio of 25.05. This denotes a premium relative to the industry average Forward P/E of 24.6.
It's also important to note that FCX currently trades at a PEG ratio of 0.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Mining - Non Ferrous industry stood at 1.47 at the close of the market yesterday.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
On June 11, 2026, Freeport-McMoRan Inc FCX shares rose 6.9%, bringing the current price to $66.34. This move comes amidst a 52-week range of $35.15 to $72.09, reflecting a significant year-to-date increase of 31.2% and a remarkable one-year gain of 63.6%.
GF Value™ verdict: Current price is $66.34, which is 39.6% above the GF Value™ of $47.53, indicating overvaluation.GF Score™ of 89/100, suggesting a strong overall performance based on key financial metrics.No insider transactions reported in the last 3 months, indicating stability in insider sentiment. Is FCX Overvalued or Undervalued? The current share price of Freeport-McMoRan Inc FCX stands at $66.34, which is significantly above the GF Value™ of $47.53. This valuation gap indicates that the stock is 39.6% overvalued according to GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Such overvaluation presents a risk for potential investors, as there may be limited upside if market conditions shift or earnings do not meet expectations.
The GF Valuation label classifies FCX as "Significantly Overvalued," which aligns with the current price exceeding the calculated intrinsic value. This suggests that the stock may not provide a favorable risk-reward scenario at its current levels, implying that investors could face losses if the price corrects towards its intrinsic value.
How Does FCX's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 35.3x 28.0x Forward P/E 25.9x N/A Freeport-McMoRan's current P/E ratio of 35.3x is significantly above its 5-year median P/E of 28.0x, reflecting a 26% premium. The forward P/E of 25.9x offers a slightly more favorable valuation perspective but still indicates that the stock trades at a premium compared to its historical averages. This analysis supports the GF Value™ verdict of overvaluation, as the high P/E ratios suggest that investors are currently paying more for earnings than they have historically.
What Does FCX's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 6/10 Profitability 8/10 Growth 9/10 Valuation 5/10 Momentum 9/10 The GF Score™ of 89/100 indicates a strong performance across various metrics. Freeport-McMoRan excels in Growth (9/10) and Momentum (9/10), reflecting its capacity for future earnings expansion and positive price performance. However, the Financial Strength score of 6/10 and Valuation score of 5/10 suggest areas of concern regarding the overall financial health and current pricing levels. This profile highlights that while the company has strong growth potential, its current valuation may not be justified given the financial metrics.
What Are Insiders Doing with FCX Stock? There have been no insider transactions reported for Freeport-McMoRan in the last three months. This lack of activity suggests a period of stability in insider sentiment, with no signs of confidence or concern being expressed through buying or selling of shares. Investors might interpret this as insiders having no immediate plans to alter their positions, which can signify a steady outlook from those closest to the company's operations.
What This Means for Investors Based on the GF Value™ assessment, Freeport-McMoRan Inc FCX is currently overvalued at a price of $66.34 compared to the intrinsic value of $47.53. Investors should be cautious, as the significant premium over fair value presents considerable risk should market conditions change or earnings fail to meet elevated expectations.
For the complete analysis, visit the Freeport-McMoRan Inc FCX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is FCX's GF Score™?
FCX's GF Score™ is 89/100, indicating a strong overall performance compared to other stocks based on key financial metrics.
Is FCX overvalued or undervalued?
FCX is considered overvalued, with a current price of $66.34 being 39.6% above the GF Value™ of $47.53.
What is FCX's P/E ratio?
FCX's P/E ratio is 35.3x, which is significantly above its 5-year median of 28.0x, indicating a premium valuation compared to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Freeport-McMoRan (FCX - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this mining company have returned +0.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The Zacks Mining - Non Ferrous industry, to which Freeport-McMoRan belongs, has lost 1.4% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Freeport-McMoRan is expected to post earnings of $0.60 per share, indicating a change of +11.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $2.56 for the current fiscal year indicates a year-over-year change of +44.6%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.44 indicates a change of +34% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Freeport-McMoRan is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.37 billion indicates a year-over-year change of -16%. For the current and next fiscal years, $27.24 billion and $31.84 billion estimates indicate +5.1% and +16.9% changes, respectively.
Last Reported Results and Surprise HistoryFreeport-McMoRan reported revenues of $6.23 billion in the last reported quarter, representing a year-over-year change of +8.8%. EPS of $0.57 for the same period compares with $0.24 a year ago.
Compared to the Zacks Consensus Estimate of $5.61 billion, the reported revenues represent a surprise of +11.05%. The EPS surprise was +21.28%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Freeport-McMoRan is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $190.76, marking a -1.83% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.24% for the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Shares of the miner witnessed a gain of 27.25% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.38%, and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.77, marking a 48.74% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.26 billion, up 36.33% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.79 per share and revenue of $15.51 billion, indicating changes of +29.58% and +15.6%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.31% higher. Southern Copper currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 28.63. This expresses a premium compared to the average Forward P/E of 28.07 of its industry.
Investors should also note that SCCO has a PEG ratio of 1.96 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. SCCO's industry had an average PEG ratio of 1.51 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Southern Copper Corporation (SCCO) has delivered leveraged returns, outperforming copper futures as prices reached record highs into 2026. SCCO shares have risen 855.5% since March 2020, far exceeding copper's 233.7% gain, reflecting strong operational leverage. I maintain a buy rating on SCCO, emphasizing the strategy of accumulating on price weakness despite current record highs.
Abacus FCF Advisors LLC purchased a new position in shares of Southern Copper Corporation (NYSE:SCCO – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,280 shares of the basic materials company’s stock, valued at approximately $7,501,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Southern Copper by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 983,822 shares of the basic materials company’s stock valued at $141,149,000 after buying an additional 33,804 shares during the last quarter. Sava Infond d.o.o. lifted its position in Southern Copper by 8.9% in the fourth quarter. Sava Infond d.o.o. now owns 24,383 shares of the basic materials company’s stock valued at $3,498,000 after acquiring an additional 1,988 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Southern Copper by 26.0% during the fourth quarter. Dunhill Financial LLC now owns 2,174 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 449 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Southern Copper during the fourth quarter worth about $219,000. Finally, Cherokee Insurance Co increased its position in shares of Southern Copper by 0.8% during the fourth quarter. Cherokee Insurance Co now owns 11,968 shares of the basic materials company’s stock worth $1,717,000 after purchasing an additional 100 shares in the last quarter. 7.94% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Southern Copper In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 193 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $174.60, for a total value of $33,697.80. Following the completion of the sale, the director owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $209.56, for a total transaction of $1,954,344.91. Following the sale, the director owned 605 shares in the company, valued at $126,783.04. The trade was a 93.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,526 shares of company stock valued at $1,989,373 in the last quarter. 0.07% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In Several analysts have recently weighed in on the company. The Goldman Sachs Group raised Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 target price for the company in a report on Friday, April 10th. UBS Group lowered their target price on shares of Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a research report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of Southern Copper from $117.50 to $127.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Wall Street Zen upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Morgan Stanley increased their price target on shares of Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $145.61.
Read Our Latest Research Report on SCCO
Key Southern Copper News Here are the key news stories impacting Southern Copper this week:
Positive Sentiment: Quarterly dividend announced — SCCO declared a $1.00 quarterly dividend (annualized yield ~2.2%). Record date is May 13 and payment date is May 29; that steady cash return is a supportive factor for income-minded investors. Neutral Sentiment: News about a different, similarly named company (Great Southern Copper PLC) raising funds via warrants — not the same issuer as SCCO, so unlikely to materially affect Southern Copper’s fundamentals. Great Southern Copper Raises Funds via Warrant Exercise and Increases Share Capital Negative Sentiment: Leadership uncertainty after the sudden death of the CEO — multiple outlets flag management transition risk and investor concern that the firm faces an earnings/operational test during the change, a direct driver of today’s downside pressure. Why Southern Copper (SCCO) Is Down 5.1% After Sudden CEO Death And Leadership Uncertainty Southern Copper faces earnings test amid leadership transition Negative Sentiment: Unusually large put-option buying — investors purchased ~10,968 put contracts (≈68% above typical put volume), signaling elevated bearish positioning or hedging activity that can amplify downward price moves. Negative Sentiment: Analyst sentiment is weak: SCCO’s consensus is around a “Reduce”/average reduce rating and Scotiabank’s recent note raised its price target to $133 but maintained a “sector underperform” rating (target still well below the current share price), reinforcing downside expectations. Southern Copper Corporation (NYSE:SCCO) Given Average Rating of “Reduce” by Analysts Scotiabank raises price target to $133 (Benzinga) Negative Sentiment: Critical equity research and commentary highlight valuation risk — recent pieces argue SCCO is an expensive copper exposure that cannot afford operational missteps, increasing sensitivity to the current leadership and earnings risk. Southern Copper: An Expensive Copper Story That Cannot Afford A Misstep Southern Copper Stock Down 0.7% Shares of NYSE:SCCO opened at $180.96 on Friday. Southern Copper Corporation has a fifty-two week low of $86.59 and a fifty-two week high of $223.88. The company has a quick ratio of 3.40, a current ratio of 3.89 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $185.81 and its 200-day simple moving average is $163.46. The company has a market cap of $148.22 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.83 and a beta of 1.16.
Southern Copper shares are going to split on the morning of Wednesday, May 13th. The 1.01-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, May 12th.
Southern Copper (NYSE:SCCO – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Southern Copper had a net margin of 32.30% and a return on equity of 41.97%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Southern Copper Corporation will post 6.79 earnings per share for the current year.
Southern Copper Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper’s dividend payout ratio is currently 75.19%.
About Southern Copper (Free Report)
Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.
Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.
Further Reading Five stocks we like better than Southern Copper
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Shares of Southern Copper Corporation (NYSE: SCCO) are set to split on Wednesday, May 13th. The 1.01-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, May 12th. Southern Copper Stock Up 0.3% Shares of SCCO stock opened at $180.96 on Monday. The
Southern Copper (SCCO - Free Report) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.48%. A quarter ago, it was expected that this miner would post earnings of $1.46 per share when it actually produced earnings of $1.56, delivering a surprise of +6.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Southern Copper, which belongs to the Zacks Mining - Non Ferrous industry, posted revenues of $4.25 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $3.12 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Southern Copper shares have added about 18.8% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Southern Copper?While Southern Copper has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Southern Copper was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.60 on $3.89 billion in revenues for the coming quarter and $6.77 on $15.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Non Ferrous is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Energy Fuels (UUUU - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This uranium and vanadium miner and developer is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +76.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Energy Fuels' revenues are expected to be $33.25 million, up 96.8% from the year-ago quarter.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Southern Copper (SCCO - Free Report) Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. SCCO has a Growth Style Score of B, forecasting year-over-year earnings growth of 29.2% for the current fiscal year.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.20 to $6.77 per share. SCCO boasts an average earnings surprise of +9.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SCCO should be on investors' short list.
Southern Copper (SCCO - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this miner have returned -4.5%, compared to the Zacks S&P 500 composite's +11% change. During this period, the Zacks Mining - Non Ferrous industry, which Southern Copper falls in, has gained 1.6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Southern Copper is expected to post earnings of $1.86 per share, indicating a change of +52.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +19.7% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $6.99 points to a change of +33.4% from the prior year. Over the last 30 days, this estimate has changed +6.4%.
For the next fiscal year, the consensus earnings estimate of $6.59 indicates a change of -5.7% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed +5.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Southern Copper.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Southern Copper, the consensus sales estimate for the current quarter of $3.89 billion indicates a year-over-year change of +27.4%. For the current and next fiscal years, $16.54 billion and $14.78 billion estimates indicate +23.2% and -10.6% changes, respectively.
Last Reported Results and Surprise HistorySouthern Copper reported revenues of $4.25 billion in the last reported quarter, representing a year-over-year change of +36.2%. EPS of $1.92 for the same period compares with $1.19 a year ago.
Compared to the Zacks Consensus Estimate of $4.26 billion, the reported revenues represent a surprise of -0.11%. The EPS surprise was +8.47%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
HomeMarketsU.S. & CanadaCommodities CornerCommodities CornerCopper refining now has a Strait of Hormuz problemLast Updated: May 13, 2026 at 6:37 a.m. ET
First Published: May 12, 2026 at 5:43 p.m. ET
Copper futures on Comex settled at a record high of $6.53 a pound on Tuesday. Photo: MarketWatch illustration/iStockphotoA pound of copper now costs more than ever before — and there’s more to the story than just the artificial-intelligence race.
Sulfuric acid, a critical component in copper refining, has been in shorter supply lately because of the Iran war and shipping disruptions in the Strait of Hormuz. China also has placed restrictions on exports of the chemical — and both of those factors are likely increasing copper’s production costs.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Southern Copper (SCCO - Free Report) Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Basic Materials stock. SCCO has a Momentum Style Score of A, and shares are up 1.4% over the past four weeks.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.42 to $6.99 per share. SCCO also boasts an average earnings surprise of +9.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SCCO should be on investors' short list.
The prospects of the Zacks Mining - Non Ferrous industry remain challenged amid the current volatility in metal prices. Industry players also grapple with inflated costs, labor shortages and supply-chain issues. However, the demand for non-ferrous metals is expected to be supported by the energy-transition trend, which should buoy the industry.
Against this backdrop, we suggest keeping an eye on companies like Southern Copper Corporation (SCCO - Free Report) , Freeport-McMoRan Inc. (FCX - Free Report) and Lundin Mining Corp. (LUNMF - Free Report) . These companies are poised to gain from their endeavors to build reserves and control costs while investing in technology and improving production efficiency.
About the Industry The Zacks Mining - Non Ferrous industry comprises companies that produce non-ferrous metals, including copper, gold, silver, cobalt, molybdenum, zinc, aluminum and uranium. These metals are used by various industries, including aerospace, automotive, packaging, construction, machinery, electronics, transportation, jewelry, chemical and nuclear energy. Mining is a long, complex and capital-intensive process. The actual mining operations are preceded by significant exploration and development to evaluate the size of the deposit. The process is followed by the assessment of ways to extract and process the ores efficiently, safely and responsibly. Miners seek opportunities to grow their reserves and resources through targeted near-mine exploration and business development. They strive to upgrade and improve the quality of their existing assets internally and through acquisitions.
What's Shaping the Future of the Mining - Non Ferrous Industry? Metal Price Swings Cloud Near-Term Outlook: Copper prices started 2026 on a strong note, supported by demand from electric vehicles (EVs), renewable energy projects, data center growth and grid modernization. Meanwhile, disruptions at major global mining operations fueled supply concerns, boosting prices to a high of roughly $6.40 per pound in late January. Prices were mostly volatile during February, largely trading near $6 per pound. Concerns about the impact of surging oil prices on the global economy due to the war in the Middle East dragged down prices to a three-month low of around $5.3 per pound in late March. Prices rebounded in April on hopes of a de-escalation in the Iran war. Copper hit a record high of $6.60 per pound earlier this week, as supply disruptions and booming AI-related infrastructure demand fueled a rally in the metal. However, it has since eased toward $6.5 per pound as traders took profits while reassessing underlying supply and demand conditions. Gold prices have retreated from January 2026 record highs of $5,608.35 an ounce as persistent inflation, a stronger U.S. dollar and expectations of higher-for-longer interest rates weighed on investor sentiment. Gold is currently trading near $4,700 an ounce. Silver, meanwhile, climbed toward $88 an ounce, reaching its highest level in two months and outperforming other precious metals as industrial demand prospects have improved. However, reduced expectations for Federal Reserve rate cuts limited further upside. Uranium futures were above $86.50 per pound, near their highest level in two months, on optimism surrounding long-term nuclear power demand.
Labor Shortage, High Costs Remain Worrisome: The industry has been facing a shortage of skilled workforce lately, which has hiked wages. Labor-related disputes can be damaging to production and revenues. Industry players are grappling with escalating production costs, including electricity, water and materials, as well as higher freight expenses and supply-chain issues. Since the industry cannot control the prices of its products, it focuses on improving the sales volume, increasing the operating cash flow and lowering unit net cash costs. Industry participants are opting for alternate energy sources to minimize fuel-price volatility and secure supply. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies.
Strong Demand to Support the Industry: The demand for non-ferrous metals is expected to remain high in the future, given their wide use in primary sectors, including transportation, electricity, construction, telecommunication, energy and information technology. The surging demand for electric vehicles and renewable energy is expected to be a significant growth driver for metals like copper and nickel in the years to come. The overhauling and upgrading of the nation’s infrastructure and promoting green policies per the U.S. Infrastructure Investment and Jobs Act will also require a huge amount of non-ferrous metals.
Zacks Industry Rank Indicates Bleak Prospects The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull prospects for the near term. The Zacks Mining - Non Ferrous industry, a nine-stock group within the broader Zacks Basic Materials Sector, currently carries a Zacks Industry Rank #156, which places it in the bottom 36% of 243 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and its valuation picture.
Industry Versus S&P 500 & Sector The Zacks Mining- Non Ferrous Industry has outperformed its sector and the Zacks S&P 500 composite over the past 12 months. The stocks in this industry have collectively gained 93.9% in the past year compared with the Zacks Basic Materials sector’s rise of 49.6%. The S&P 500 has risen 31.2% in the said time frame.
One-Year Price Performance
Industry's Current Valuation Based on the trailing 12-month EV/EBITDA ratio, a commonly used multiple for valuing Mining- Non Ferrous stocks, we see that the industry is currently trading at 14.92X compared with the S&P 500’s 18.59X. The Basic Materials sector’s trailing 12-month EV/EBITDA is 15.31X. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)
Over the past three years, the industry has traded as high as 17.79X and as low as 3.95X, the median being 9.24X.
3 Mining - Non Ferrous Stocks to Keep an Eye on Southern Copper: The company has the largest copper reserve in the industry and operates world-class assets in investment-grade countries, such as Mexico and Peru. SCCO expects to produce 915,000 tons of copper in 2026. Southern Copper expected to take this up to roughly 1.6 million tons by 2035, implying a compound annual growth rate (CAGR) of approximately 5.3% from 2025 levels. To support this growth plan, the company intends to invest more than $20.5 billion over the next decade, with the bulk of the capital allocated to projects in Peru. Key growth catalysts include the Tía María, Los Chancas and Michiquillay projects in Peru, along with El Pilar and El Arco in Mexico, all of which underpin SCCO’s long-term expansion pipeline. Given its constant commitment to increasing low-cost production and growth investments, SCCO is well-poised to continue delivering an enhanced performance.
The Zacks Consensus Estimate for the Phoenix, AZ-based company’s fiscal 2026 earnings indicates year-over-year growth of 33.4%. The estimate has moved up 6.4% over the past 60 days. The company has a trailing four-quarter earnings surprise of 9.1%, on average. SCCO has a long-term estimated earnings growth rate of 14.6% and currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: SCCO
Freeport-McMoRan: The company remains well-positioned for growth, supported by its high-quality copper assets, large reserve base and strong organic expansion opportunities in the United States. Its organic project pipeline contains the Bagdad expansion, Safford/Lone Star Expansions and the Kucing Liar project. FCX is also deploying the latest technologies and data analytics in its leaching processes across its North America and South America operations. Incremental copper production from these initiatives totaled 214 million pounds in 2025. The company is targeting an annual run rate of 300-400 million pounds by 2026/2027 in North America and subsequently 800 mm pounds annually by 2030. In addition, FCX is leveraging automation, new technologies and analytics to enhance operating efficiencies while lowering costs and capital intensity across existing operations and future projects. The company commenced the phased ramp-up of the Grasberg Block Cave underground mine in March 2026, following the temporary suspension of operations following the September 2025 mud rush incident.
The Zacks Consensus Estimate for FCX’s earnings for fiscal 2026 indicates year-over-year growth of 44.6%. The estimate has moved up 0.4% over the past 60 days. FCX has a trailing four-quarter earnings surprise of 32.12%, on average. It has a long-term estimated earnings growth rate of 32.4%. The Phoenix, AZ-based company currently carries a Zacks Rank of 3.
Price & Consensus: FCX
Lundin Mining: The company recently acquired an additional 5% equity interest in SCM Minera Lumina Copper Chile, owner of the Caserones copper-molybdenum mine, along with a 30.9% interest in the Los Helados Project and a 0.62% net smelter return royalty on Los Helados from JX Advanced Metals Corp. and affiliates for a total consideration of $215 million. This acquisition increased LUNMF’s ownership in Caserones to 75%, adding annual attributable copper production of approximately 6,500-7,000 tons, while the 30.9% interest in the Los Helados Project strengthens the company's copper and gold Mineral Resource base and provides compelling long-term growth optionality, including potential synergies with the nearby Caserones operation. With the completion of the sale of the Eagle mine to Talon Metals, it is now a copper-dominant mining company, with approximately 85% of quarterly revenues generated from copper. Results of the technical study for the Vicuña project, which comprises the Filo del Sol deposit and the Josemaria deposit, underscore its potential as a Tier 1 asset with peak annual copper production exceeding 500,000 tons and peak gold production exceeding 800,000 ounces per annum. It is expected to rank among the top five copper, gold and silver mines globally. A sanction decision is expected this year.
The Zacks Consensus Estimate for Vancouver, Canada-based LUNMF’s fiscal 2026 earnings indicates a year-over-year improvement of 51.3%. The estimate has moved up 15% over the past 60 days. It has a long-term estimated earnings growth rate of 17.8%. The company currently carries a Zacks Rank of 3.
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
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How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Southern Copper (SCCO - Free Report) Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. SCCO has a Growth Style Score of A, forecasting year-over-year earnings growth of 33% for the current fiscal year.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.40 to $6.97 per share. SCCO boasts an average earnings surprise of +9.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SCCO should be on investors' short list.
Southern Copper (SCCO - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this miner have returned -7.3% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has lost 10.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Southern Copper is expected to post earnings of $1.85 per share, indicating a change of +51.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +15.6% over the last 30 days.
The consensus earnings estimate of $6.93 for the current fiscal year indicates a year-over-year change of +32.3%. This estimate has changed +2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.52 indicates a change of -5.9% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed -4.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Southern Copper.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Southern Copper, the consensus sales estimate for the current quarter of $4.23 billion indicates a year-over-year change of +38.7%. For the current and next fiscal years, $16.54 billion and $14.78 billion estimates indicate +23.2% and -10.6% changes, respectively.
Last Reported Results and Surprise HistorySouthern Copper reported revenues of $4.25 billion in the last reported quarter, representing a year-over-year change of +36.2%. EPS of $1.92 for the same period compares with $1.19 a year ago.
Compared to the Zacks Consensus Estimate of $4.26 billion, the reported revenues represent a surprise of -0.11%. The EPS surprise was +8.47%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Key Takeaways FCX's expansion projects aim to boost copper output, backed by a strong financial health.SCCO plans $20.5B in investments to lift output to 1.6M tons, but faces near-term declines.Both companies balance dividends, cash flow and investments amid market volatility. Freeport-McMoRan Inc. (FCX - Free Report) and Southern Copper Corporation (SCCO - Free Report) are two heavyweights in the copper mining industry. Both operate on a global scale, extracting and processing copper and other metals. Also, both are navigating fluctuating copper prices and global economic uncertainties.
Copper prices started 2026 on a strong note, underpinned by robust demand from China and the United States. Structural tailwinds, including electric vehicles (EVs), renewable energy projects, data center growth and grid modernization, continue to boost copper consumption. Worries about tightening supply amid rising EV and infrastructure demand also supported the red metal. These factors led to prices surging to roughly $6.4 per pound in late January. Prices of the red metal were mostly volatile during February, largely trading near $6 per pound.
Copper prices came under pressure in March amid concerns about the impact of surging oil prices on the global economy due to the war in the Middle East, dragging down prices to a three-month low of around $5.3 per pound in late March. Prices rebounded in April on hopes of a de-escalation in the Iran war. Prices shot up to a record high of around $6.6 per pound last week amid robust demand in China and supply worries linked to the Middle East conflict. Prices have pulled back from that level amid war-related uncertainties and are currently hovering near $6.3 per pound.
Let’s dive deep and closely compare the fundamentals of these two copper mining companies to determine which one is a better investment now.
The Case for FreeportFreeport continues to leverage its portfolio of high-quality copper assets, emphasizing disciplined execution and organic growth initiatives to strengthen its production profile. It has completed the evaluation of a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde, with an estimated resource of approximately 20 billion recoverable pounds of copper.
In Arizona, FCX is progressing with pre-feasibility studies at its Safford/Lone Star operations, with completion targeted for 2026, to assess a sizable sulfide expansion opportunity. It has expansion opportunities at Bagdad in Arizona that can more than double the concentrator capacity of the operation. Technical and economic studies have revealed the potential to build concentrating facilities to boost copper production by 200-250 million pounds annually.
PT Freeport Indonesia (PT-FI) is developing the Kucing Liar ore body within the Grasberg district with a targeted ramp-up to commence in 2030. FCX completed studies in 2025 that showed an opportunity to increase Kucing Liar’s design capacity to 130,000 metric tons of ore per day and reserves by roughly 20% at low costs.
FCX has a strong liquidity profile and generates substantial cash flows, providing ample flexibility to fund expansion projects, reduce debt and enhance shareholder returns. It generated solid operating cash flows of $5.6 billion in 2025. Cash flows provided by operations surged 36% year over year to around $1.5 billion in the first quarter of 2026. Freeport ended the first quarter with strong liquidity, including $3.7 billion in cash and cash equivalents, $3 billion in availability under the FCX revolving credit facility, and $1.5 billion in availability under the PT-FI credit facility.
At the end of the first quarter, Freeport had a net debt of $2.4 billion, excluding PTFI’s new downstream processing facilities. Its net debt is below its targeted range of $3-$4 billion. Freeport has a policy of distributing 50% of the available cash to its shareholders and the balance to either reduce debt or invest in growth projects. FCX has no significant debt maturities until 2027.
FCX offers a dividend yield of roughly 0.5% at the current stock price. Its payout ratio is 14% (a ratio below 60% is a good indicator that the dividend will be sustainable). Backed by strong financial health, the company's dividend is perceived to be safe and reliable.
Despite these positives, Freeport faces headwinds from higher costs. Its outlook for the second quarter of 2026 suggests higher costs on a sequential basis. It expects unit net cash costs to rise to $2.24 per pound, while projecting a full-year average of roughly $1.95 (compared with $1.65 in 2025). The projected second-quarter unit cost reflects a roughly 98% year over year and 17% increase from the prior quarter. The uptick in costs reflects higher costs of energy and other consumables due to the Middle East conflict and persistent pressure on volumes. Higher costs are expected to weigh on the company's margins.
Freeport’s copper sales volumes tumbled approximately 25% year over year in the first quarter to 657 million pounds, and fell from 709 million pounds in the prior quarter. The downside primarily resulted from lower operating rates due to the temporary suspension of operations since the mud rush incident at the Grasberg Block Cave mine in Indonesia in September 2025.
While the company’s outlook for copper sales volumes for the second quarter of 2026 of 690 million pounds indicates a sequential improvement, it still suggests a 32% year-over-year decline. For full-year 2026, consolidated sales volume projections were revised lower to around 3.1 billion pounds of copper from the prior view of 3.4 billion pounds due to an expected delay in achieving full ramp-up of the Grasberg Block Cave mine. Lower sales volumes are expected to weigh on its top line.
The Case for Southern CopperSouthern Copper has a strong pipeline of world-class copper greenfield projects and other promising opportunities. It operates high-quality assets in investment-grade countries such as Mexico and Peru. Backed by its constant commitment to increasing low-cost production and growth investments, the company is well poised to continue delivering enhanced performance.
SCCO holds the largest copper reserves among listed peers. Its low-cost, integrated operations and deep pipeline of world-class greenfield projects further strengthen its competitive positioning. The company is well-positioned to capitalize on the expected surge in copper demand in the year to come, backed by the energy transition trend.
The company continues to build its presence in Peru as the country is the second-largest producer of copper. Peru holds about 9% of the world’s copper reserves. Despite the near-term production headwinds, SCCO expects to produce 915,000 tons of copper in 2026. Southern Copper expected to take this up to roughly 1.6 million tons by the middle of the next decade, implying a compound annual growth rate (CAGR) of approximately 5.3% from 2025 levels. To support this growth plan, the company intends to invest more than $20.5 billion over this decade, with the bulk of the capital allocated to projects in Peru.
The company’s key growth catalysts include the Tía María, Los Chancas and Michiquillay projects in Peru, along with El Pilar and El Arco in Mexico, all of which underpin SCCO’s long-term expansion pipeline.
The Tia Maria project, located in Arequipa, Peru, with an annual capacity of 120,000 tons of SX- EW copper cathodes, is expected to start in 2027. Peru’s Los Chancas project is slated to add 130,000 tons of copper starting in 2031. This will be followed by Michiquillay in 2032, adding an expected 225,000 tons of copper. It is projected to become one of Peru's largest copper mines with an expected mine life of more than 25 years.
In Mexico, the El Pilar project will contribute around 36,000 tons of copper cathodes annually. This project will use highly cost-efficient and environmentally friendly SX-EW technology. El Arco in Baja California is a world-class copper deposit. The project includes an open-pit mine with a combined 120,000 tons per day concentrator and 28,000 tons per year SX-EW operations.
SCCO generated net cash from operating activities of $4.75 billion in 2025, up roughly 7.5% from $4.42 billion in 2024, attributable to higher net income. Net cash from operating activities was around $1.69 billion in the first quarter of 2026, up 135% from $721.4 million in the prior-year quarter, driven by strong cash generation in its operations. SCCO offers a dividend yield of 2.4% at the current stock price. Its payout ratio is 66%, with a five-year annualized dividend growth rate of roughly -2.3%.
However, SCCO faces headwinds from near-term production declines. For 2025, copper production decreased 1.8% to 956,270 tons, which came in 1% lower than the company’s expected 965,000 tons. Lower output at Buenavista and the Peruvian mines, partially offset by a rise in production at IMMSA and La Caridad mines, led to lower output. Its first-quarter output also fell 4% year over year, impacted by lower production at its Peruvian operations (down 10%) due to lower ore grades. While grades are expected to improve later this year, the company's copper production guidance for 2026 implies a decrease of 4.3% from 2025. Lower production is expected to weigh on its performance.
Price Performance and Valuation of FCX & SCCOFCX stock has gained 61.4% over a year, while SCCO stock has rallied 92.5% compared with the Zacks Mining - Non Ferrous industry’s rise of 59.9%.
Image Source: Zacks Investment Research
FCX is currently trading at a forward 12-month earnings multiple of 20.98, modestly higher than its five-year median. This represents a roughly 1.1% premium when stacked up with the industry average of 20.75X.
Image Source: Zacks Investment Research
SCCO is currently trading at a forward 12-month earnings multiple of 25.54, higher than its five-year median and above the industry.
Image Source: Zacks Investment Research
How Does Zacks Consensus Estimate Compare for FCX & SCCO?The Zacks Consensus Estimate for FCX’s 2026 sales and EPS implies a 5.1% and 44.6% increase year over year, respectively. The EPS estimates for 2026 have been trending higher over the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for SCCO’s 2026 sales and EPS implies year-over-year growth of 23.2% and 33%, respectively. The EPS estimates for 2026 have been going up over the past 60 days.
Image Source: Zacks Investment Research
FCX or SCCO: Which Stock Should You Bet on?Both FCX and SCCO currently have a Zacks Rank #3 (Hold), so picking one stock is not easy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Both Freeport and Southern Copper are making progress with their growth projects amid a volatile yet favorable copper pricing environment. FCX is poised to gain from progress in its expansion activities that will boost production capacity. However, a weaker sales volume outlook and higher expected unit costs weigh on its prospects. On the other hand, SCCO’s case is backed by its constant commitment to increasing low-cost production and growth investments amid challenges from weaker expected near-term production. FCX’s more attractive valuation and higher earnings growth projections suggest that it may offer better investment prospects in the current market environment.
On May 28, 2026, Southern Copper Corp SCCO shares rose 3.8% to a current price of $194.88. The stock has experienced significant price movements, trading within a 52-week range of $85.51 to $221.67.
GF Value™ verdict: SCCO is currently priced at $194.88, which is 61.2% above its GF Value™ of $120.88, indicating it is overvalued.GF Score™: SCCO has a strong GF Score™ of 89/100, suggesting solid long-term performance potential.Most notable signal: Insider activity shows that insiders sold $1.1 million in shares over the last three months, with no purchases reported. Is SCCO Overvalued or Undervalued? Southern Copper Corp SCCO is currently trading at $194.88, while the GF Value™ estimates its fair value at $120.88. This substantial difference represents a 61.2% overvaluation, indicating that the stock may not provide a margin of safety for potential investors. The GF Valuation label classifies SCCO as significantly overvalued, which poses a risk for investors considering entry at current price levels. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
Given the current price's significant premium over its GF Value™, potential investors might want to exercise caution. The overvaluation suggests that the stock price may be influenced by speculation or market trends rather than underlying fundamentals. Consequently, the risk of a price correction appears elevated, as the stock may struggle to maintain its high valuation in the face of market realities.
How Does SCCO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 33.0x 21.6x Forward P/E 28.0x - Currently, SCCO's P/E (TTM) stands at 33.0x, which is 52% above its 5-year median P/E of 21.6x. The forward P/E is slightly lower at 28.0x, but still indicates a premium valuation compared to historical levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the conclusion that SCCO is overvalued relative to its historical valuation metrics.
What Does SCCO's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 7/10 Profitability 10/10 Growth 9/10 Valuation 3/10 Momentum 6/10 The GF Score™ of 89/100 indicates strong potential for Southern Copper Corp in terms of long-term returns. The highest score of 10/10 in profitability highlights SCCO's ability to generate robust profits, while the growth rank of 9/10 suggests that the company has solid growth prospects. However, the valuation rank of 3/10 is a notable weak point, aligning with the overvaluation indicated by the GF Value™ assessment. Overall, while SCCO exhibits strong fundamentals in profitability and growth, its valuation presents a concern for prospective investors.
What Are Insiders Doing with SCCO Stock? Recent insider activity at Southern Copper Corp reveals that insiders have sold $1.1 million worth of shares over the last three months, with no buying activity reported. This selling trend may suggest a lack of confidence among insiders regarding the stock's current valuation or future price performance. When insiders are selling, it can often be viewed as a cautionary signal for potential investors, indicating that those closest to the company may believe the stock price is unlikely to rise further.
What This Means for Investors Based on the GF Value™ assessment, Southern Copper Corp SCCO is currently overvalued. With a significant premium over its intrinsic value and concerning insider selling, potential investors may want to approach this stock with caution.
For the complete analysis, visit the Southern Copper Corp SCCO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is SCCO's GF Score™?
SCCO has a GF Score™ of 89/100, indicating strong potential for long-term returns based on its financial strength, profitability, and growth.
Is SCCO overvalued or undervalued?
According to the GF Value™ assessment, SCCO is currently overvalued by 61.2%, with a current price of $194.88 compared to its GF Value™ of $120.88.
What is SCCO's P/E ratio?
The current P/E (TTM) for SCCO is 33.0x, which is 52% above its 5-year median P/E of 21.6x, indicating it is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
On June 02, 2026, we delve into the DCF analysis for Southern Copper Corp SCCO , a company that has shown impressive price performance recently. Over the past year, SCCO's stock has surged by 127.8%, and year-to-date, it has gained 39.6%. As investors evaluate the stock's current valuation, it is essential to consider the following:
DCF Earnings-based intrinsic value of $192.37 compared to the current price of $194.62 (margin of safety: -5.3%) DCF FCF-based intrinsic value of $69.45, indicating a second opinion on valuation GF Score™ of 89/100, suggesting high reliability of the DCF inputs What Is SCCO Worth? DCF Earnings-Based Model The DCF earnings-based model for Southern Copper Corp SCCO utilizes a two-stage approach to estimate the intrinsic value of the stock. The first stage accounts for a high growth rate over the next ten years, while the second stage reflects a more stable growth rate in the terminal phase. Below are the key assumptions used in this model:
Parameter Value Current EPS (TTM, excl. non-recurring) $5.91 10-Year Growth Rate 20.6% 10-Year Treasury Rate 4.43% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage, we project the EPS to grow at 20.6% per year for the next ten years, discounted at a rate of 11%. This results in a Growth Stage Value of $95.98 per share. In the second stage, after year ten, we assume a terminal growth rate of 4% for another ten years, also discounted at 11%, leading to a Terminal Stage Value of $96.39 per share. The summary of the calculations is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 20.6%, discounted at 11% $95.98 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $96.39 Intrinsic Value Growth + Terminal $192.37 Comparing the current price of $194.62 with the intrinsic value of $192.37 indicates that the stock is fairly valued, with a margin of safety of -5.3%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research shows stock prices correlate more closely with earnings than with free cash flow. For further analysis, you can visit the SCCO DCF Calculator.
What Does the Free Cash Flow DCF Say? The alternative DCF model based on Free Cash Flow (FCF) yields an intrinsic value of $69.45. This starkly contrasts with the earnings-based intrinsic value of $192.37, indicating a significant discrepancy between the two valuation methods. The FCF-based model suggests that SCCO is significantly overvalued, with a margin of safety of -180.2%.
How Does GF Value™ Compare to the DCF Models? In addition to the DCF models, the GF Value™ for Southern Copper Corp is calculated at $121.28. This proprietary measure takes into account historical trading multiples, past business growth, and future performance estimates. When considering all three valuation perspectives, we observe that the DCF earnings-based model suggests fair valuation, while the FCF model indicates significant overvaluation, and the GF Value™ suggests that the stock is overvalued as well. For more details, visit the GF Value™ page.
What Does SCCO's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021). Below is a summary of SCCO's GF Score™ metrics:
Metric Rating GF Score™ 89/100 Financial Strength 7/10 Profitability 10/10 Growth 9/10 Valuation 3/10 Momentum 6/10 With a predictability rank of 2 out of 5 stars, it suggests that the DCF model may be less reliable for this stock. For more information, visit the SCCO stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to growth rate and discount rate assumptions. Stocks with low predictability ratings, such as SCCO, produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future realities.
What This Means for Investors Considering the three valuation models—DCF earnings, DCF FCF, and GF Value™—the consensus indicates that Southern Copper Corp is currently overvalued. The DCF earnings model suggests fair valuation, while the FCF model and GF Value™ both indicate significant overvaluation.
For the full DCF analysis, visit the SCCO DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is SCCO's intrinsic value based on DCF?
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Southern Copper (SCCO - Free Report) Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Basic Materials stock. SCCO has a Momentum Style Score of B, and shares are up 6.9% over the past four weeks.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.68 to $7.25 per share. SCCO also boasts an average earnings surprise of +9.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SCCO should be on investors' short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Southern Copper (SCCO - Free Report) Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. SCCO has a Growth Style Score of A, forecasting year-over-year earnings growth of 38.4% for the current fiscal year.
For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.68 to $7.25 per share. SCCO boasts an average earnings surprise of +9.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SCCO should be on investors' short list.
In the latest trading session, Southern Copper (SCCO - Free Report) closed at $167.76, marking a -4.23% move from the previous day. This move lagged the S&P 500's daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
Coming into today, shares of the miner had lost 8.65% in the past month. In that same time, the Basic Materials sector lost 5.57%, while the S&P 500 lost 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. The company is expected to report EPS of $1.85, up 51.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.23 billion, up 38.73% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.25 per share and a revenue of $16.54 billion, signifying shifts of +38.36% and +23.22%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 3.79% rise in the Zacks Consensus EPS estimate. Southern Copper is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.15 right now. This expresses a discount compared to the average Forward P/E of 24.6 of its industry.
It's also important to note that SCCO currently trades at a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 1.47 based on yesterday's closing prices.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
, /PRNewswire/ -- The Kroger Co. today announced that Valerie Jabbar, senior vice president of Retail Divisions, retired in May after 38 years of service.
Jabbar began her career with Kroger's Fry's division in 1987 as a clerk and rose through a series of progressive leadership roles across multiple divisions, including district manager, vice president of Merchandising, division president of Ralphs, and group vice president of Center Store Merchandising before assuming her current role in 2021.
"Val's journey from store clerk to senior vice president is a testament to what's possible at Kroger," said Ron Sargent, Chairman of The Kroger Co. "She shaped teams, developed leaders and touched countless associates across this company for nearly four decades. We wish Val, Sam and their entire family all the best in this well-earned next chapter."
Throughout her career, Jabbar has been recognized as a leader both inside and outside the grocery industry. She was named 2018 Women Executive of the Year by The Shelby Report and is a two-time Progressive Grocer Top Women in Grocery honoree. She has served on the boards of the Salvation Army, WAFC and NextUp, and has been a committed executive sponsor of Kroger's Women's Edge and KePasa Associate Resource Groups.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
CNBC consumer reporter Brandon Gomez delivered the bad news to anyone hosting a backyard cookout this weekend: “Ground beef for burgers at record highs, up more than 14%. Steak also surging as well over 16%, hot dogs up nearly 11%.” He went further, noting that “even the extras are more expensive cakes, cookies, nonalcoholic beverages all rising about 5% year over year.”
If you budgeted $150 for a Memorial Day cookout that worked last year, you are short. Short by enough to either downsize the menu, eat the difference on your credit card, or skip dessert. This is targeted price pain on the exact basket families buy three or four times a summer, far worse than headline inflation suggests.
Headline CPI Is Lying to Your Grocery Budget Gomez is completely right, and the standard talking point that “inflation has cooled” is dead wrong for anyone buying meat. The April 2026 Consumer Price Index landed at exactly 333.020, up from 320.795 back in April 2025. While that overall headline shift feels like a low single-digit move on paper, things change at the grocery store. Beef at 14%, steak at 16%, and hot dogs at 11% are running wild multiples of that official baseline.
Take a standard summer cookout for eight people: 3 pounds of ground beef, 2 pounds of steak, a pack of hot dogs, buns, a sheet cake, chips, and a 12-pack of soda. If that exact bundle cost you $90 last Memorial Day, the meat alone, roughly $55 of the total, now runs closer to $63. The secondary sides and sweets cost from $35 to about $37. That means the same spread now costs roughly $100. Multiply that by three summer holidays, and you have easily added $30 to a tight discretionary food budget.
This matters way more than the percentages suggest because of crumbling consumer sentiment. The University of Michigan index dropped to 49.8 in April, setting up May’s brutal drop to an all-time low of 44.8. Both readings sit far below the 60 threshold that historically signals a looming recession. Gomez’s framing fits the data perfectly: “The cost of hosting is continuing to climb at a time when Americans are feeling financially stretched, and that is pressuring grocers.”
Why Retailers Are Fighting Over Your Cart The grocers know it. Walmart (NYSE:WMT | WMT Price Prediction) reported U.S. comp sales up 4% ex-fuel in Q1 FY27 and called out share gains “particularly pronounced among upper-income households.” Wealthier shoppers are trading down to Walmart because beef at 16% above last year stings even six-figure earners. CEO Doug McMillon was blunt on the call: “Food inflation is very much on our mind… our customers have felt that, and they don’t want any more food inflation.”
Kroger (NYSE:KR) is responding under new CEO Greg Foran, the former Walmart U.S. chief brought in to fix pricing. Foran told CNBC: “We’re actually right in the middle of doing that at the moment, so we’re concerned about the cost of living. It makes a big difference when you get your pricing right.” Kroger is planning to close roughly 60 underperforming stores over 18 months to fund price investment. Walmart shares closed Friday near $120 after dropping about 7% over the past month on cautious guidance. Kroger trades around $67, and has dropped around 2% in the past 30 days.
The Variable That Decides Whether You Feel This The single biggest factor that changes the math is meat as a share of your food budget. A household that builds its meals around chicken, beans, and pasta sees roughly headline CPI in its cart. A household that buys ground beef weekly and grills steak twice a month absorbs double-digit increases on its biggest line item. Gomez totally nailed the demographic split: “The gap is widening between high income and lower income shoppers.” Lower-income households spend a much larger share on food, so a 14% beef increase hits their total budget infinitely harder.
What To Do Before Monday So, where should you start?
Reprice your week’s food menu by category, which likely means pulling last year’s receipt or estimate. Tag each item with this year’s cost: meat up 11% to 16%, baked goods and beverages up roughly 5%, produce closer to headline CPI. Substitute within the protein category. Chicken thighs and pork shoulder have not seen the same surge as beef. Swapping one tray of burgers for marinated chicken cuts your meat spend without cutting the guest count. Compare loyalty app prices the morning of. Walmart and Kroger are both running active price cuts to defend share. The same hot dog brand can swing by a dollar between stores in the same week. Track price per ounce, not package price. Shrinkflation is very real this cycle; smaller bag, same sticker. The good news is that your cookout can still happen, it’s just going to cost about 10% more this year, which means your budget has to grow by that amount or your menu has to shrink.
Massa to retire September 18 following 16 years of leadership at Kroger and more than three decades of distinguished service in human resources CINCINNATI, May 26, 2026 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that Tim Massa, Executive Vice President and Chief Associate Experience Officer, will retire on September 18. Massa came to Kroger in 2010 following a 21-year career at The Procter & Gamble Company.
Kroger (KR - Free Report) closed at $64.55 in the latest trading session, marking a -4.01% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.61%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 1.19%.
Coming into today, shares of the supermarket chain had gained 2.05% in the past month. In that same time, the Retail-Wholesale sector lost 2.5%, while the S&P 500 gained 4.44%.
Investors will be eagerly watching for the performance of Kroger in its upcoming earnings disclosure. In that report, analysts expect Kroger to post earnings of $1.58 per share. This would mark year-over-year growth of 6.04%. At the same time, our most recent consensus estimate is projecting a revenue of $45.4 billion, reflecting a 0.62% rise from the equivalent quarter last year.
KR's full-year Zacks Consensus Estimates are calling for earnings of $5.24 per share and revenue of $149.76 billion. These results would represent year-over-year changes of +8.04% and +1.44%, respectively.
Any recent changes to analyst estimates for Kroger should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Currently, Kroger is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Kroger is holding a Forward P/E ratio of 12.83. This signifies a discount in comparison to the average Forward P/E of 14.81 for its industry.
Meanwhile, KR's PEG ratio is currently 1.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Supermarkets industry stood at 1.99 at the close of the market yesterday.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 199, this industry ranks in the bottom 19% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is The Kroger Co. (KR - Free Report) . KR is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 12.9, which compares to its industry's average of 35.87. Over the last 12 months, KR's Forward P/E has been as high as 15.11 and as low as 11.97, with a median of 13.54.
We also note that KR holds a PEG ratio of 1.80. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KR's industry has an average PEG of 3.93 right now. Within the past year, KR's PEG has been as high as 3.07 and as low as 0.83, with a median of 2.03.
Investors should also recognize that KR has a P/B ratio of 4.67. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 8.52. Over the past 12 months, KR's P/B has been as high as 5.82 and as low as 3.13, with a median of 4.96.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KR has a P/S ratio of 0.26. This compares to its industry's average P/S of 0.32.
These figures are just a handful of the metrics value investors tend to look at, but they help show that The Kroger Co. is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KR feels like a great value stock at the moment.
Retailer receives gold distinction for commitment to mental health
, /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's grocer, today announced it has been awarded a 2026 Gold Bell Seal for Workplace Mental Health, the nation's top recognition for U.S. employers committed to creating mentally healthy workplaces. The Bell Seal is issued by Mental Health America, the nation's leading nonprofit dedicated to promoting mental health and well-being of all people living in the U.S.
Mental Health America’s Bell Seal for Workplace Mental Health is the nation’s leading recognition for U.S. employers committed to creating mentally healthy workplaces. "We want Kroger to be a place where people feel supported and can take care of themselves, not just at work, but in their everyday lives," said Tim Massa, Kroger's executive vice president and chief experience officer. "This recognition is important because it reflects the real steps we're taking to support mental health, offer strong benefits and create a culture where people feel cared for and respected."
Kroger was recognized in several categories for its offerings, programs and benefits to support associates' mental health and promote a positive workplace culture. Offerings were evaluated in addition to the mental health services included in the retailer's health benefits, wellness initiatives, paid time off and professional development.
Founded in 1909, MHA is the nation's leading national nonprofit dedicated to the promotion of mental health, well-being and prevention. MHA has spent decades researching mental health in the workplace, and in 2019, MHA introduced the Bell Seal for Workplace Mental Health to recognize companies and organizations that understand the value of addressing mental health at work and implement policies and practices that support employee wellbeing.
Visit krogerfamilycareers.com to learn more about pursuing a career at Kroger.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
Kroger Earns Bell Seal for Workplace Mental Health for Fifth Consecutive Year PR Newswire
CINCINNATI, May 29, 2026
Retailer receives gold distinction for commitment to mental health
, /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's grocer, today announced it has been awarded a 2026 Gold Bell Seal for Workplace Mental Health, the nation's top recognition for U.S. employers committed to creating mentally healthy workplaces. The Bell Seal is issued by Mental Health America, the nation's leading nonprofit dedicated to promoting mental health and well-being of all people living in the U.S.
"We want Kroger to be a place where people feel supported and can take care of themselves, not just at work, but in their everyday lives," said Tim Massa, Kroger's executive vice president and chief experience officer. "This recognition is important because it reflects the real steps we're taking to support mental health, offer strong benefits and create a culture where people feel cared for and respected."
Kroger was recognized in several categories for its offerings, programs and benefits to support associates' mental health and promote a positive workplace culture. Offerings were evaluated in addition to the mental health services included in the retailer's health benefits, wellness initiatives, paid time off and professional development.
Founded in 1909, MHA is the nation's leading national nonprofit dedicated to the promotion of mental health, well-being and prevention. MHA has spent decades researching mental health in the workplace, and in 2019, MHA introduced the Bell Seal for Workplace Mental Health to recognize companies and organizations that understand the value of addressing mental health at work and implement policies and practices that support employee wellbeing.
Visit krogerfamilycareers.com to learn more about pursuing a career at Kroger.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
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