FCX

Freeport-McMoRan (FCX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This mining company is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of +11.1%. Revenues are expected to be $6.47 billion, down 14.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 6.52% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive po...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Freeport-McMoRan (FCX), which belongs to the Zacks Mining - Non Ferrous industry. This mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 44.57%. For the last reported quarter, Freeport-McMoRan came out with earnings of $0.57 per share versus the Zacks Consensus Estimate of $0.47 per share, representing a surprise of 21.28%. For the previous quarter, the company was expected to post earnings of $0.28 per share and it actually produced earnings of $0.47 per share, delivering a surprise of 67.86%. Thanks in part to this history, there has been a favorable change in earnings estimates for Freeport-McMoRan lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Freeport-McMoRan currently has an Earnings ESP of +3.50%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, though this is not the only reas...

Freeport-McMoRan Inc (NYSE:FCX) is one of Peconic Partners’ top stock picks. This mining stock has gained more than 42% over the past year, and analysts expect it to keep rising. Peconic Partners increased its position in Freeport stock by 66% during Q1 2026, and the stock now makes up 3.37% of the fund’s portfolio. On June 24, Freeport-McMoRan Inc (NYSE:FCX) announced that its board declared a cash dividend of $0.15 per share. The dividend is payable on August 3 to shareholders on record as of July 15. The board considers factors like the company’s financial results, cash requirements, and global economic conditions to determine if payment of dividends is relevant. Speaking of financial results, Freeport’s dividend declaration follows solid Q1 2026 results. Revenue rose to $6.23 billion from $5.73 billion a year ago. EPS jumped to $0.61 from $0.24. The company closed the quarter with $3.7 billion in cash. During the quarter, Freeport sold 657 million pounds of copper, 121,000 ounces of gold, and 24 million pounds of molybdenum. The company aims to sell around 3.1 billion pounds of copper, 650,000 ounces of gold, and 90 million pounds of molybdenum in the full-year 2026. Arizona-based Freeport-McMoRan Inc (NYSE:FCX) is a major mining company with operations in the US and Indonesia. It produces copper, gold, and molybdenum. Freeport’s Grasberg property in Indonesia is the world’s single largest gold deposit. While we acknowledge the risk and potential of FCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FCX and that has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 9 Best Energy Dividend Stocks to Invest In Now and 10 Best Dividend Aristocrat Stocks To Buy Now. Disclosure: None. Follow Insider Monkey on Google News.

With a market cap of $89.8 billion, Freeport-McMoRan Inc. (FCX) is a U.S.-based mining company engaged in the exploration and production of copper, gold, molybdenum, silver, and other metals across North America, South America, and Indonesia. It operates major mining assets including the Grasberg minerals district in Indonesia and several large-scale mines in the United States, Peru, and Chile. The Phoenix, Arizona-based company is set to unveil its fiscal Q2 2026 results soon. Ahead of the event, analysts forecast FCX to post an adjusted EPS of $0.60, a growth of 11.1% from $0.54 in the same quarter last year. It has surpassed Wall Street's bottom-line projections in the past four quarters. Billionaire Mark Cuban Asks If AI ‘Collapses’ And Data Centers Turn Into ‘Chuck E Cheeses,’ Would That ‘Create A Revival Of Jobs?’ As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk’s Next Move Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2026, analysts expect Freeport-McMoRan to report adjusted EPS of $2.56, a 44.6% surge from $1.77 in fiscal 2025. FCX stock has climbed 39.1% over the past 52 weeks, exceeding the broader S&P 500 Index's ($SPX) 19.4% rise and the State Street Materials Select Sector SPDR ETF's (XLB) 15.7% return over the same period. Shares of Freeport-McMoRan tumbled 12.6% on Apr. 23 as investors reacted to the company's weaker 2026 production outlook despite better-than-expected Q1 2026 results. Freeport-McMoRan cut its 2026 copper sales forecast to 3.1 billion pounds and reduced its gold sales guidance to 650,000 ounces, citing delays at the Grasberg Block Cave mine caused by wet ore conditions and infrastructure modifications. The company also lowered its expected production ramp-up to 65% of capacity in the second half of 2026 and pushed full-capacity operations out to late 2027, raising concerns. Analysts' consensus rating on FCX stock is bullish, with a "Strong Buy" rating overall. Out of 23 analysts covering the stock, opinions include 17 "Strong Buys," two "Moderate Buys," and four "Holds." The average analyst price target is $71.94, suggesting a potential upside of 17.4% from current levels. On the d...

PHOENIX, June 24, 2026--(BUSINESS WIRE)--Freeport (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 3, 2026, to shareholders of record as of July 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant. FREEPORT: Foremost in Copper FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers. FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant operations in the U.S. and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623427492/en/ Contacts Financial Contact:David P. Joint(504) 582-4203 Media Contact:Linda S. Hayes(602) 366-7824

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. June E-mini S&P futures (ESM26) rose +0.18%, and June E-mini Nasdaq futures (NQM26) rose +0.28%. Stock indexes settled higher on Monday, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Strength in chipmakers and AI-infrastructure stocks led the broader market higher on Monday. Gains in stocks were limited on Monday amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield rose +5 bp to 4.41%. Dear D-Wave Quantum Stock Fans, Mark Your Calendars for May 12 Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term. This Analyst Just Raised the Price Target on Coherent Stock by 50%. What to Know. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Monday’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stro...

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.19%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Today’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US an...

The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.06%. June E-mini S&P futures (ESM26) are up +0.19%, and June E-mini Nasdaq futures (NQM26) are up +0.05%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump said Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as abo...

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

There is one metal quietly sitting at the center of the modern economy. It runs through electric vehicles, powers AI data centers, and connects massive renewable energy projects around the world. That metal is copper, and few companies produce more of it than Freeport-McMoRan (NYSE: FCX). For years, Freeport-McMoRan was seen as a traditional mining company whose fortunes rose and fell with the global economy. But the story around the company has changed dramatically. Today, Freeport is tied directly to some of the biggest long-term trends in the world: electrification, artificial intelligence infrastructure, and the clean energy transition. Strong Numbers, Even With the Challenges Freeport’s first-quarter 2026 results showed a company still generating serious cash despite operational setbacks. The miner reported net income of $881 million, or $0.61 per share, while adjusted earnings came in at $0.57 per share. Revenue climbed to $6.23 billion, up from $5.73 billion a year earlier. If copper prices stay near $6 per pound, management expects operating cash flow to reach roughly $8.7 billion for the full year. Those are huge numbers, especially for a business that spent much of the past year dealing with major disruptions. See how FCX's key metrics compare with peers such as Southern Copper, Newmont, Agnico Eagle Mines, and Teck Resources. Grasberg Became A Major Headache The biggest challenge came from Indonesia. In September 2025, Freeport’s massive Grasberg mining district suffered a serious mud rush incident that temporarily disrupted operations. Grasberg is one of the company’s most important assets, so the impact was immediate. Copper sales from Indonesia dropped sharply in Q1 2026, falling to just 82 million pounds compared to 290 million pounds during the same quarter last year. On top of that, Freeport took on more than $400 million in restoration costs and expenses tied to idle facilities. Management has moved quickly to stabilize the situation. The company secured a key agreement with the Indonesian government that extends operating rights for the life of the resource, which removes a major long-term uncertainty. Still, recovery will take time. Freeport recently raised its 2026 net unit cost guidance to $1.95 per pound from $1.75, mainly because Grasberg is not yet back to full production levels. See also, What GameStop’s $55B Bid For eBay Means For...

Teck Resources TECK reported first-quarter 2026 adjusted earnings per share (EPS) of $1.28, beating the Zacks Consensus Estimate of 72 cents. The bottom-line figure marked a 207% year-over-year surge driven by record copper sales, higher prices and increased by-product revenues. Including one-time items, the company reported EPS of $1.22 in the quarter compared with the year-ago quarter’s earnings of 51 cents. Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote Teck Resources’ revenues rose 80% to $2.87 billion, beating the Zacks Consensus Estimate of $2.232 billion. The copper segment remained the key growth driver, accounting for roughly 74% of total revenues and posting a 92% year-over-year increase. Gross profit rose 22% year over year to CAD$1.715 billion ($1.25 billion). Gross margin was 43.5% compared with the year-ago quarter’s 23.4%. Adjusted EBITDA was CAD$2.088 billion ($1.52 billion), which was up 92% compared with the year-earlier period, reflecting stronger realized pricing, higher volumes and increased by-product contribution. EBITDA margin expanded to 53% in the quarter under review from the year-ago quarter’s 40.5%. The Copper segment’s reported revenues of CAD2.903 billion ($2.119 billion), up 125% year over year, are attributed to higher copper prices and record sales volumes. Copper production rose 32% to about 140,000 tons in the quarter, aided by improved output at QB, higher throughput and grades at Highland Valley Copper and improved grades at Antamina. Production at QB was 55,500 tons, a 31% increase from the last year quarter. Copper sales increased 46% to around 155,100 tons. QB delivered record quarterly copper sales of 70,300 tons, exceeding production as prior inventory was shipped. The copper segment’s gross profit surged 295% year over year to CAD$1.356 billion ($0.99 billion), backed by higher copper prices and volumes. The Zinc segment’s net revenues rose 33% year over year to CAD$1.04 billion ($0.76 billion). The segment’s gross profit was CAD$359 million ($262 million), 86% higher than the last year quarter. Higher zinc prices and higher by-product revenues at both Red Dog and Trail operations were offset by lower zinc sales volumes from Red Dog due to the timing of sales. Operationally, refined zinc production at Trail Operations rose 26.6% year over year to 73,800 tons as the zinc electrolyti...

Freeport-McMoRan Inc. FCX recorded net income of $881 million or 61 cents per share for the first quarter of 2026, up around 150% from $352 million or 24 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 57 cents, topping the Zacks Consensus Estimate of 47 cents. Revenues climbed roughly 8.8% year over year to $6,234 million. The figure surpassed the Zacks Consensus Estimate of $5,613.5 million. Although volumes declined, the company witnessed an increase in copper, gold and molybdenum prices in the reported quarter. Freeport-McMoRan Inc. price-consensus-eps-surprise-chart | Freeport-McMoRan Inc. Quote Copper production fell around 23.7% year over year to 662 million pounds in the reported quarter. Consolidated sales also fell approximately 24.7% year over year, reaching 657 million pounds of copper. The downside primarily resulted from lower operating rates at PTFI following the September 2025 mud rush incident. The company sold 121,000 ounces of gold in the quarter, down around 5.5% year over year. FCX also sold 24 million pounds of molybdenum, up 20% year over year. Consolidated average unit net cash costs per pound of copper were $1.91, down from $2.07 a year ago. The figure was lower than our estimate of $2.60. The average realized copper price was $5.78 per pound, up around 30.2% year over year. The figure outpaced our estimate of $5.70 per pound. The average realized price per ounce for gold rose around 59% year over year to $4,889. The figure topped our estimate of $4,695. The average realized molybdenum price was $25.21, up 16.3% year over year. It surpassed our estimate of $22.52. Cash and cash equivalents at the end of the quarter were $3.7 billion, down around 16% year over year. The company’s total debt remained at $9.4 billion. Cash flows provided by operations were around $1.5 billion in the reported quarter, up 36% year over year. For full-year 2026, consolidated sales volume projections were revised to around 3.1 billion pounds of copper, 650,000 ounces of gold, and 90 million pounds of molybdenum. This includes an estimated 690 million pounds of copper, 140,000 ounces of gold, and 22 million pounds of molybdenum expected to be sold in the second quarter. FCX’s guidance revisions reflect timing adjustments to the Grasberg Block Cave ramp-up schedule. Shares of FCX have risen 87% over the past year compar...