Freeport-McMoRan (NYSE:FCX) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Freeport-McMoRan (NYSE:FCX) issued its quarterly earnings data on Thursday. The natural resource company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.60 by $0.14, FiscalAI reports. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.71 billion. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share.

Freeport-McMoRan Stock Down 2.8%

Shares of NYSE FCX traded down $1.85 on Thursday, reaching $63.15. 2,624,610 shares of the company’s stock traded hands, compared to its average volume of 17,501,869. The company has a market cap of $90.79 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. The business’s 50 day simple moving average is $63.64 and its two-hundred day simple moving average is $62.25. Freeport-McMoRan has a 12 month low of $35.15 and a 12 month high of $72.28. The company has a quick ratio of 1.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.28.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued 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 dividend payout ratio is 15.96%.

Key Stories Impacting Freeport-McMoRan

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

Institutional Investors Weigh In On Freeport-McMoRan

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new position in shares of Freeport-McMoRan in the fourth quarter worth $29,000. JPL Wealth Management LLC purchased a new stake in shares of Freeport-McMoRan in the third quarter worth approximately $33,000. Acumen Wealth Advisors LLC bought a new position in shares of Freeport-McMoRan in the fourth quarter worth about $48,000. Galaxy Group Investments LLC purchased a new position in shares of Freeport-McMoRan during the fourth quarter valued at $51,000. Finally, Sfam LLC acquired a new stake in Freeport-McMoRan during the 4th quarter valued at approximately $52,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FCX shares. Raymond James Financial cut their price objective on Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Bank of America raised their target price on Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley lifted their target price on shares of Freeport-McMoRan from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group raised their price objective on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus upped their price target on Freeport-McMoRan from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.95.

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.