Freeport-McMoRan (NYSE:FCX – Get Free Report) issued its earnings results on Thursday. The natural resource company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12, FiscalAI reports. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year.
Freeport-McMoRan Stock Down 3.6%
NYSE:FCX traded down $2.35 during trading hours on Thursday, reaching $62.65. 7,645,624 shares of the stock were exchanged, compared to its average volume of 17,541,980. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. Freeport-McMoRan has a twelve month low of $35.15 and a twelve month high of $72.28. The stock has a market cap of $90.06 billion, a PE ratio of 33.20, a PEG ratio of 0.63 and a beta of 1.37. The firm has a 50 day moving average of $63.64 and a 200 day moving average of $62.25.
Freeport-McMoRan Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s payout ratio is presently 15.96%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on FCX
Institutional Trading of Freeport-McMoRan
Institutional investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in Freeport-McMoRan during the 2nd quarter worth approximately $560,000. Brighton Jones LLC grew its holdings in shares of Freeport-McMoRan by 24.2% during the fourth quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after buying an additional 507 shares during the period. Capital Analysts LLC increased its stake in shares of Freeport-McMoRan by 7.4% in the fourth quarter. Capital Analysts LLC now owns 3,018 shares of the natural resource company’s stock valued at $153,000 after buying an additional 208 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in Freeport-McMoRan by 11.1% in the 4th quarter. GW&K Investment Management LLC now owns 1,840 shares of the natural resource company’s stock valued at $93,000 after buying an additional 184 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors.
Key Freeport-McMoRan News
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Freeport-McMoRan reported Q2 EPS of $0.74, beating analyst estimates of $0.60, while revenue of $7.03 billion also topped expectations; the results were helped by rising copper prices. Freeport-McMoRan Earnings Beat Estimates on Rising Copper Prices
- Positive Sentiment: Stifel Nicolaus raised its price target on FCX to $80 from $76 and reiterated a Buy rating, signaling analyst confidence after the earnings release. Stifel Nicolaus Raises Freeport-McMoRan Price Target to $80.00
- Positive Sentiment: Several pre-earnings notes suggested FCX could benefit from firmer copper prices and a broader mining-sector earnings beat driven by stronger commodity pricing. Watch These 3 Copper Stocks Amid Massive Global AI Data Center Boom
- Neutral Sentiment: Freeport also posted its second-quarter and six-month 2026 financial and operating results on its investor relations website, a routine disclosure that typically confirms the earnings details already reported. Freeport Second-Quarter and Six-Month 2026 Financial and Operating Results Release Available on Its Website
- Neutral Sentiment: Commentary ahead of the report noted that higher copper prices were being offset by lower volumes and higher costs, which may limit how much the earnings beat helps the stock. FCX to Report Q2 Earnings: What’s in the Offing for the Stock?
- Negative Sentiment: Recent commentary noted copper futures pulled back sharply from recent highs, which can weigh on FCX because its earnings are highly sensitive to copper pricing. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today
About Freeport-McMoRan
Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.
Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.
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