Freeport-McMoRan Inc.
Freeport-McMoRan Inc (FCX) is a leading global mining company primarily known for large-scale copper production, with meaningful gold and molybdenum output. Its portfolio includes major operations in North and South America and the Grasberg complex in Indonesia (operated through joint ventures). Copper prices and global industrial demand are major drivers of revenue and cash flow, making the business cyclical and sensitive to commodity price swings. The company invests heavily in capital projects, exploration and mine maintenance, and faces operational, permitting and geopolitical risks that can affect production. Investors should note exposure to inflation, currency movements and evolving environmental, social and governance (ESG) expectations. Freeport has returned cash to shareholders through dividends and buybacks when markets permit, but payouts are variable. This summary is for educational purposes only and not personalised advice. Mining equities can be volatile: values can rise and fall and past performance is not a reliable guide.
Why It's Moving
FCX Beats Q4 Expectations Despite Grasberg Halt, Eyes 2026 Restart Amid Copper Rally
- Q4 EPS hit $0.47 versus $0.28 expected, driven by higher realized prices offsetting lower volumes from Indonesia's Grasberg mud rush disruption.
- Plans for Grasberg restart in H2 2026 targeting 85% production capacity, with ongoing mud removal and infrastructure repairs on track.
- HSBC hiked price target to $69 with a buy rating, while dividend adjusted lower to $0.075 quarterly amid cautious sales outlook.
FCX Beats Q4 Expectations Despite Grasberg Halt, Eyes 2026 Restart Amid Copper Rally
- Q4 EPS hit $0.47 versus $0.28 expected, driven by higher realized prices offsetting lower volumes from Indonesia's Grasberg mud rush disruption.
- Plans for Grasberg restart in H2 2026 targeting 85% production capacity, with ongoing mud removal and infrastructure repairs on track.
- HSBC hiked price target to $69 with a buy rating, while dividend adjusted lower to $0.075 quarterly amid cautious sales outlook.
When is the next earnings date for Freeport-McMoRan Inc. (FCX)?
Freeport-McMoRan (FCX) reported its Q4 2025 earnings on January 22, 2026, which has already occurred as of today. The next earnings release, covering Q1 2026, is scheduled for approximately April 23, 2026, consistent with the company's historical late-April pattern for first-quarter results. Investors should monitor official channels for any updates to this projected date.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Freeport-McMoRan's stock with a target price of $55.24, indicating growth potential.
Financial Health
Freeport-McMoRan Inc. is performing well with solid revenue and cash flow, showing promising financial strength.
Dividend
Freeport-McMoRan's dividend yield of 0.95% is lower than many other stocks, making it less attractive for dividend-seeking investors. If you invested $1000, you would be paid $9.50 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Commodity Cyclicality
Revenue and profits move with copper and gold prices, so macro demand and inventory trends are important to monitor, though performance can vary.
Global Operations
Operations across the Americas and Indonesia provide scale and resource diversity, but add geopolitical and permitting complexity investors should watch.
Capital Intensity
Large projects and ongoing maintenance require significant investment, which can expand capacity but also pressure cash flow in weaker price environments.
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