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FCX
Freeport-McMoRan Inc. · Materials - Copper Mining
$68.68
+17.00% this month
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TECK
Teck Resources Limited · Materials - Diversified Metals & Mining
$64.36
+8.54% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
FCX
2
TECK
2
Comparison scoreboard
MIXED SETUPAI Score
FCX ✓57.9
TECK 51.0
1Y Return
FCX +66.01%
TECK ✓+69.20%
Fwd P/E
FCX 17.70
TECK ✓15.04
Target Up.
FCX ✓+0.66%
TECK -26.52%
Op. Margin
FCX 31.07%
TECK N/A
Metrics last refreshed: 6/20/2026
Quick take
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.
Live analysis · updated 6/20/2026
FCX and TECK are closely matched — they split the tracked metrics evenly. TECK leads on both 1-year return (+69.20%) and forward P/E (15.04x vs 17.70x for FCX), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for FCX (+0.66%) than for TECK (-26.52%).
Normalized 1Y performance
FCX
TECK
Recent returns
FCX
TECK
Analyst price targets & sentiment
FCX
Price target range
analyst mean$68.86
current price$68.68
+0.7% upside to analyst mean
TECK · 3 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$33.84
analyst high$61.87
analyst mean$47.29
current price$64.36
-26.5% upside to analyst mean
Who should consider this stock?
FCX may suit investors who:
- →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
TECK may suit investors who:
- →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
Performance & AI score
| Metric | FCX | TECK |
|---|---|---|
| AI score | 57.9 | 51.0 |
| AI rank | #208 | #401 |
| Latest close | $68.68 | $64.36 |
| 1M return | +17.00% | +8.54% |
| 6M return | +43.62% | +45.91% |
| 1Y return | +66.01% | +69.20% |
$10,000 invested — hypothetical growth (dividends reinvested)
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 | $16.68K (+66.8%) started 2025-06-18 | $17.01K (+70.1%) started 2025-06-18 |
| 5Y ago | $21.55K (+115.5%) started 2021-06-21 | $36.07K (+260.7%) started 2021-06-18 |
| 10Y ago | $71.55K (+615.5%) started 2016-06-20 | $66.6K (+566.0%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | FCX | TECK |
|---|---|---|
| Market cap | $98.34B | $31.53B |
| Trailing P/E | 36.20 | 23.84 |
| Forward P/E | 17.70 | 15.04 |
| Price/Sales | N/A | 2.54 |
| EV/Revenue | 4.43 | 3.09 |
| Analyst target | $68.86 | $47.29 |
| Target upside | +0.66% | -26.52% |
Growth, profitability & risk
| Metric | FCX | TECK |
|---|---|---|
| Revenue growth | 8.80% | 72.20% |
| Earnings growth | 153.10% | 128.80% |
| EPS growth | +153.10% | +128.80% |
| FCF margin | +6.47% | N/A |
| Operating margin | 31.07% | N/A |
| Profit margin | 10.34% | 14.91% |
| ROIC proxy | 15.63% | 5.92% |
| Return on equity | 15.63% | 5.92% |
| Dividend yield | 0.88% | 0.53% |
| Beta | 1.36 | 1.57 |
| Debt/equity | 33.01 | 36.94 |
| Current ratio | 2.39 | N/A |
| Quick ratio | 0.86 | N/A |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
FCX max drawdown25.14%
TECK max drawdown26.03%
FCX max wkly drop21.34%
TECK max wkly drop16.74%
5Y risk snapshot
FCX max drawdown51.26%
TECK max drawdown46.10%
FCX max wkly drop24.13%
TECK max wkly drop22.94%
10Y risk snapshot
FCX max drawdown72.59%
TECK max drawdown79.69%
FCX max wkly drop34.61%
TECK max wkly drop31.68%
Performance metrics by period
| Period | Metric | FCX | TECK |
|---|---|---|---|
| 1Y | Growth | +66.78% | +69.20% |
| CAGR | +66.90% | +69.26% | |
| Sharpe ratio | 1.21 | 1.27 | |
| Max drawdown | 25.14% | 26.03% | |
| Max daily drop | 16.95% | 8.99% | |
| Max wkly drop | 21.34% | 16.74% | |
| 5Y | Growth | +103.24% | +236.30% |
| CAGR | +15.26% | +27.46% | |
| Sharpe ratio | 0.44 | 0.66 | |
| Max drawdown | 51.26% | 46.10% | |
| Max daily drop | 16.95% | 12.09% | |
| Max wkly drop | 24.13% | 22.94% | |
| 10Y | Growth | +551.07% | +486.65% |
| CAGR | +20.62% | +19.37% | |
| Sharpe ratio | 0.54 | 0.52 | |
| Max drawdown | 72.59% | 79.69% | |
| Max daily drop | 18.06% | 23.41% | |
| Max wkly drop | 34.61% | 31.68% |
Business comparison
| Category | FCX | TECK |
|---|---|---|
| Company | Freeport-McMoRan Inc. | Teck Resources Limited |
| Sector | Basic Materials | Materials - Diversified Metals & Mining |
| Industry | N/A | N/A |
| 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. |
FCX strengths
- →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
TECK strengths
- →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
Risks to watch — FCX
- →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
Risks to watch — TECK
- →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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