Freeport-McMoRan (FCX) Expected to Release Earnings on Wednesday

Freeport-McMoRan (NYSE:FCX) is anticipated to issue its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect Freeport-McMoRan to announce earnings of $0.60 per share and revenue of $6.7130 billion for the quarter. Parties may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 23, 2026 at 10:00 AM ET.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.10. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. On average, analysts expect Freeport-McMoRan to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Freeport-McMoRan Trading Up 3.2%

Shares of Freeport-McMoRan stock opened at $61.90 on Wednesday. The firm’s 50-day moving average price is $63.97 and its 200 day moving average price is $61.86. Freeport-McMoRan has a twelve month low of $35.15 and a twelve month high of $72.28. The firm has a market capitalization of $88.98 billion, a PE ratio of 32.93, a P/E/G ratio of 0.60 and a beta of 1.37. The company has a current ratio of 2.39, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

Freeport-McMoRan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio is currently 15.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FCX. Barclays started coverage on shares of Freeport-McMoRan in a research report on Thursday, May 21st. They issued an “overweight” rating and a $77.00 target price for the company. CICC Research cut their price objective on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating for the company in a report on Tuesday, April 28th. The Goldman Sachs Group lowered their target price on Freeport-McMoRan from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company dropped their price target on Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Finally, Jefferies Financial Group lifted their price objective on Freeport-McMoRan from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.63.

Institutional Investors Weigh In On Freeport-McMoRan

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

Freeport-McMoRan Company Profile

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.