FCX vs TECK Stock Comparison: AI Score, Valuation, Performance and Upside
FCX is the dominant pure-play copper company globally with the irreplaceable Grasberg asset, while TECK is transitioning into a copper-focused miner with QB2 providing significant production growth. Both benefit from copper's central role in electrification and energy transition infrastructure, but with different asset profiles and near-term catalysts.
FCX vs TECK pits the dominant global copper incumbent against a growth-oriented copper transition play, both leveraging the electrification megatrend driving structural copper demand growth.
FCX holds the edge across 3 of 5 key metrics in this comparison. TECK has delivered stronger 1-year price return (+65.78% vs +56.40%), though FCX has the better forward P/E setup (18.49x vs 18.62x for TECK). TECK leads on both revenue growth (78.20%) and operating margin (44.10%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for FCX (-5.76%) than for TECK (-19.23%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want the highest-quality copper exposure through the world-class Grasberg mine and established global operations
- Value FCX's near-term cash generation and copper leverage as the world's largest public copper company
- Prefer an established mining operator with operational track record over a production-ramp growth story
- See significant upside in Teck's QB2 production ramp as it reaches full capacity and drives earnings growth
- Value Teck's strategic copper pivot as it sheds steelmaking coal exposure and focuses on energy transition metals
- Want Canadian-domiciled mining exposure with strong ESG positioning in the copper sector
| Metric | FCX | TECK |
|---|---|---|
| AI scorei | 58.7 | 51.9 |
| AI ranki | #201 | #433 |
| Latest closei | $70.85 | $65.09 |
| 1M returni | +6.83% | -1.17% |
| 6M returni | +32.13% | +43.89% |
| 1Y returni | +56.40% | +65.78% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | FCX | TECK |
|---|---|---|
| 1Y ago | $15.71K (+57.1%) started 2025-09-17 | $16.65K (+66.5%) started 2025-09-18 |
| 5Y ago | $25.41K (+154.1%) started 2021-09-20 | $31.15K (+211.5%) started 2021-09-20 |
| 10Y ago | $85.17K (+751.7%) started 2016-09-19 | $46.54K (+365.4%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | FCX | TECK |
|---|---|---|
| Market capi | $109.78B | $32.9B |
| Trailing P/Ei | 37.48 | 18.33 |
| Forward P/Ei | 18.49 | 18.62 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 4.96 | 2.69 |
| Analyst targeti | $72.05 | $54.17 |
| Target upsidei | -5.76% | -19.23% |
| Metric | FCX | TECK |
|---|---|---|
| Revenue growthi | -7.30% | 78.20% |
| Earnings growthi | 28.10% | 324.40% |
| EPS growthi | +28.10% | +324.40% |
| FCF margini | +8.35% | +12.42% |
| Operating margini | 33.40% | 44.10% |
| Profit margini | 11.39% | 17.85% |
| ROIC proxyi | 14.75% | 8.72% |
| Return on equityi | 14.75% | 8.72% |
| Dividend yieldi | 0.78% | 0.53% |
| Payout ratioi | 29.41% | 9.82% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.38 | 1.59 |
| Debt/equityi | 32.15 | 34.25 |
| Current ratioi | 2.07 | 3.12 |
| Quick ratioi | 0.80 | 2.18 |
Over the past year, FCX and TECK have moved moderately in the same direction (correlation of 0.69), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | FCX | TECK |
|---|---|---|---|
| 1Y | Growthi | +57.13% | +65.78% |
| CAGRi | +57.23% | +65.84% | |
| Volatilityi | 51.26% | 46.39% | |
| Sharpe ratioi | 1.06 | 1.23 | |
| Sortino ratioi | 1.46 | 1.89 | |
| Max drawdowni | 24.31% | 26.03% | |
| Current drawdowni | 11.34% | 9.44% | |
| Avg drawdowni | 7.96% | 6.82% | |
| Ulcer Indexi | 10.07% | 9.31% | |
| Max daily dropi | 16.95% | 8.34% | |
| Max wkly dropi | 21.34% | 14.18% | |
| 5Y | Growthi | +140.16% | +190.52% |
| CAGRi | +19.18% | +23.81% | |
| Volatilityi | 45.15% | 45.34% | |
| Sharpe ratioi | 0.52 | 0.60 | |
| Sortino ratioi | 0.75 | 0.90 | |
| Max drawdowni | 51.26% | 46.10% | |
| Current drawdowni | 11.34% | 9.44% | |
| Avg drawdowni | 19.06% | 15.84% | |
| Ulcer Indexi | 22.43% | 19.01% | |
| Max daily dropi | 16.95% | 12.09% | |
| Max wkly dropi | 24.13% | 22.94% | |
| 10Y | Growthi | +674.97% | +309.32% |
| CAGRi | +22.74% | +15.14% | |
| Volatilityi | 48.38% | 48.97% | |
| Sharpe ratioi | 0.57 | 0.44 | |
| Sortino ratioi | 0.84 | 0.64 | |
| Max drawdowni | 72.59% | 79.69% | |
| Current drawdowni | 11.34% | 9.44% | |
| Avg drawdowni | 22.36% | 23.01% | |
| Ulcer Indexi | 26.76% | 28.53% | |
| Max daily dropi | 18.06% | 23.41% | |
| Max wkly dropi | 34.61% | 31.68% |
| Category | FCX | TECK |
|---|---|---|
| Company | Freeport-McMoRan Inc. | Teck Resources Limited |
| Sector | Basic Materials | Basic Materials |
| Industry | Copper | Copper |
| Core business | Freeport-McMoRan is one of the world's largest publicly traded copper producers, operating the Grasberg mine in Indonesia (one of the world's largest copper and gold deposits), along with major operations in North and South America. | Teck Resources is a major Canadian diversified miner focused on copper, zinc, and steelmaking coal, with its flagship QB2 copper mine in Chile ramping to full capacity and growing its copper exposure following the sale of its steelmaking coal segment. |
| Investor focus | Investors track FCX's copper production volumes, average realized copper prices, Grasberg mine performance and output ramp, and the company's smelting and downstream processing expansion in Indonesia. | Investors track Teck's QB2 copper production ramp, copper sales volumes, and the company's strategic pivot toward becoming a pure-play copper growth vehicle following the Elk Valley Resources steelmaking coal separation. |
- Grasberg mine is one of the largest copper and gold deposits in the world — an irreplaceable, high-grade, long-life asset
- Pure-play copper exposure is attractive as copper demand is expected to grow significantly with electrification and clean energy infrastructure
- Scale and operational expertise in major copper mining operations across multiple continents
- QB2 mine ramp provides significant copper production growth without the capital risk already embedded in current valuations
- Strategic pivot to copper-focused mining positions Teck well for energy transition copper demand growth
- Canadian-based diversified miner with established ESG credentials and governance
- Copper prices are highly cyclical and sensitive to Chinese economic activity and global industrial demand
- Grasberg political and operating risks in Indonesia include government ownership requirements and royalty negotiations
- High capital intensity of mine operations and smelter construction requires sustained commodity prices for attractive returns
- QB2 ramp execution risk — first full-scale production from a new major copper mine carries technical and logistical risk
- Steelmaking coal segment divestiture leaves Teck more exposed to copper price cycles without the diversification buffer
- Copper price volatility affects Teck's earnings significantly as QB2 volumes grow
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