FCX Q2 Earnings Call Highlights Grasberg Ramp and U.S. Growth
Freeport-McMoRan highlights an on-schedule Grasberg ramp, stronger U.S. operations and an expanding brownfield copper pipeline.
FCX - Freeport-McMoRan Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$72.23
DETAILS
HIGH:
$80.00
LOW:
$58.50
MEDIAN:
$73.00
CONSENSUS:
$72.23
UPSIDE:
15.35%
Stock News
Why Freeport-McMoRan (FCX) is a Top Momentum Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Freeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good Enough
Copper and gold prices sat at historically elevated levels, lifting realizations across the board. The report also showed the company continues to move toward full production at its Grasberg mine in Indonesia.
Freeport-McMoRan Inc. $FCX Stock Holdings Increased by ABN Amro Investment Solutions
ABN Amro Investment Solutions increased its position in shares of Freeport-McMoRan Inc. (NYSE: FCX) by 18.8% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,712 shares of the natural resource company's stock after acquiring an additional
Bank of Nova Scotia Has $92.86 Million Stake in Freeport-McMoRan Inc. $FCX
Bank of Nova Scotia reduced its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 16.6% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579,852 shares of the natural resource company's stock after selling 314,026 shares during the quarter. Bank of Nova
Freeport-McMoRan Inc. (FCX) Q2 2026 Earnings Call Transcript
Freeport-McMoRan Inc. (FCX) Q2 2026 Earnings Call Transcript
Freeport's gold business shines despite bullion's worst quarterly decline since 2013
Even as gold prices suffered their steepest quarterly decline in more than 13 years, the mining sector continues to set a brisk pace as earnings season kicks off with the world's largest copper producer.
Freeport-McMoRan Q2 Earnings Call Highlights
Freeport-McMoRan NYSE: FCX executives said the copper producer's second-quarter 2026 results reflected “progress” across its major operating regions, citing better-than-forecast copper sales and unit cash costs, a continuing recovery at the Grasberg Block Cave mine in Indonesia and stronger performance from U.S. operations.
Freeport-McMoRan: A Global Copper Bull Market Presses On, Solid Q2 Numbers
Freeport-McMoRan delivered a solid Q2, beating EPS and revenue estimates, and reaffirmed full-year guidance despite recent stock volatility. FCX lowered 2026 unit cost guidance to $1.90/lb, raised molybdenum production targets, and remains well positioned with $962 million in Q2 free cash flow. I maintain a “Buy” rating, with fair value near $81 based on $3.40 NTM EPS and a 24x P/E multiple, supported by strong copper prices and operational execution.
Freeport-McMoRan shares slip despite second quarter earnings beat as copper outlook softens
Freeport-McMoRan Inc (NYSE:FCX, XETRA:FPMB) reported stronger-than-expected second quarter 2026 results on Thursday, with earnings and revenue topping Wall Street expectations, although shares edged about 2% lower as investors weighed a slightly reduced near-term copper sales outlook. The company reported adjusted earnings per share of $0.74, ahead of analyst estimates of $0.62, while revenue came in at $7.03 billion, exceeding consensus expectations of $6.71 billion.
FCX's Q2 Earnings and Revenues Top Estimates on Higher Metal Prices
Freeport-McMoRan beat earnings and revenue estimates despite lower copper and gold volumes, as higher realized metal prices helped offset production challenges.
Freeport-McMoRan (FCX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Freeport-McMoRan (FCX) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Freeport-McMoRan (FCX) Q2 Earnings and Revenues Top Estimates
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.54 per share a year ago.
Freeport-McMoRan shares slip despite second quarter earnings beat as copper outlook softens
Freeport-McMoRan Inc (NYSE:FCX, XETRA:FPMB) reported stronger-than-expected second quarter 2026 results on Thursday, with earnings and revenue topping Wall...
Is Freeport-McMoRan Inc (FCX) Overvalued After Beating EPS Estimates with $0.68? GF Score: 88/100, 34.3% Overvalued
Freeport-McMoRan Inc (FCX) released its 8-K filing on July 23, 2026, detailing its financial performance for the second quarter of 2026. The company, a powerhou
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Freeport Second-Quarter and Six-Month 2026 Financial and Operating Results Release Available on Its Website
PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) today announced that it has posted its second-quarter and six-month 2026 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases. As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly and six-month results. The conference call will be webcast on the Internet along w.
Copper's Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today
Copper is giving back ground again. COMEX copper futures (HG) traded at 34.3700 as of the 10:00 AM ET, down from yesterday's close of 34.7600 and sitting 3.51% below the five-day high of 35.6200 set July 20.
FCX to Report Q2 Earnings: What's in the Offing for the Stock?
FCX heads into Q2 earnings with favorable copper price support offset by lower volumes and higher costs.
Assetmark Inc. Purchases 22,482 Shares of Freeport-McMoRan Inc. $FCX
Assetmark Inc. raised its holdings in Freeport-McMoRan Inc. (NYSE: FCX) by 26.4% in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,652 shares of the natural resource company's stock after purchasing an additional 22,482 shares during the quarter. Assetmark Inc.'s holdings in
Price Targets
Freeport-McMoRan price target raised to $73 from $70 at RBC Capital
$73.00
(was $61.87)
RBC Capital
Freeport-McMoRan upgraded to Overweight from Equal Weight at Wells Fargo
$70.00
(was $63.53)
Timna Tanners
·
Wells Fargo
BMO Capital Reiterates Outperform Rating on Freeport-McMoRan (FCX)
$78.00
(was $62.46)
Katja Jancic
·
BMO Capital
Freeport-McMoRan price target raised to $80 from $77 at Barclays
$80.00
(was $60.89)
Barclays
Freeport-McMoRan price target lowered to $74 from $75 at Goldman Sachs
$74.00
(was $57.48)
Goldman Sachs
Freeport-McMoRan price target raised to $77 from $75 at UBS
$77.00
(was $62.49)
UBS
Freeport-McMoRan price target raised to $58.50 from $53.50 at Bernstein
$58.50
(was $64.25)
Bernstein
Freeport-McMoRan initiated with an Overweight at Barclays
$77.00
(was $62.31)
Barclays
Freeport-McMoRan price target raised to $75 from $74 at UBS
$75.00
(was $60.99)
Daniel Major
·
UBS
Freeport-McMoRan price target raised to $74 from $66 at UBS
$74.00
(was $61.83)
UBS
Freeport-McMoRan downgraded to Equal Weight from Overweight at Morgan Stanley
$66.00
(was $61.48)
Morgan Stanley
Freeport-McMoRan price target lowered to $75 from $76 at Jefferies
$75.00
(was $61.48)
Jefferies
Freeport-McMoRan price target raised to $72 from $58 at Deutsche Bank
$72.00
(was $68.73)
Deutsche Bank
Freeport-McMoRan price target raised to $77 from $64 at Wells Fargo
$77.00
(was $68.31)
Wells Fargo
Freeport-McMoRan price target lowered to $71 from $72 at Scotiabank
$71.00
(was $68.09)
Scotiabank
Freeport-McMoRan price target lowered to $66 from $70 at UBS
$66.00
(was $56.24)
UBS
Freeport-McMoRan price target raised to $72 from $70 at Scotiabank
$72.00
(was $62.88)
Scotiabank
Freeport-McMoRan price target raised to $70 from $53 at Morgan Stanley
$70.00
(was $61.17)
Morgan Stanley
Freeport-McMoRan price target raised to $70 from $63 at Scotiabank
$70.00
(was $63.06)
Scotiabank
Freeport-McMoRan price target raised to $70 from $60 at UBS
$70.00
(was $60.29)
Daniel Major
·
UBS