Freeport-McMoRan reports 830 million pounds while Freeport-McMoRan stock costs EUR 60.95

Published on 10/21/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan stock costs EUR 60.95 on October 21, 2026. Results are due October 27 after 830 million pounds of copper output.

Operational update and dates

Freeport-McMoRan reported 830 million pounds of copper production for the third quarter on October 2, 2026.
Third-quarter copper sales were expected at 750 million pounds, while gold sales were projected at 100 thousand ounces.
Freeport-McMoRan stock traded at EUR 60.95 at 11:19 a.m. CEST at Lang & Schwarz on October 21, 2026.
Third-quarter results are scheduled for October 27, 2026.
The company had a USD 99.0 billion market capitalization as of October 20, 2026.

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Freeport-McMoRan stock costs EUR 60.95 at Lang & Schwarz on October 21, 2026, while the copper producer prepares to report third-quarter results. The company said on October 2, 2026, that copper production reached 830 million pounds and gold production reached 230 thousand ounces in the quarter, according to Freeport-McMoRan.

Production met expectations

The operational update gave investors a mixed volume picture. Consolidated copper production met expectations at 830 million pounds, while third-quarter copper sales were expected at 750 million pounds. Gold production reached 230 thousand ounces, but sales were expected at 100 thousand ounces after 60 thousand ounces of refined gold sales shifted into the fourth quarter.

Freeport-McMoRan also expected third-quarter unit net cash costs to run 5 percent above the July estimate of USD 2.00 per pound of copper. The company attributed the increase mainly to lower by-product credits linked to the delayed gold sales. Grasberg mill throughput averaged 140,000 metric tons of ore per day, equal to 67 percent of normalized rates before the 2025 incident, according to the October 2 release.

What does 830 million pounds mean?

The figure points to stable copper output before the earnings release, but sales timing remains important for reported revenue and costs. Freeport-McMoRan said it expected to reach 80 percent of Grasberg capacity in mid-2027 and approach full capacity by the end of 2027. Its Eastern Java smelter restarted in late August 2026, according to Freeport-McMoRan.

Three dates shaped the stock

On October 2, 2026, Freeport-McMoRan issued its third-quarter operating update with 830 million pounds of copper production. On October 8, 2026, UBS raised its price target from USD 77.00 to USD 88.00, according to MarketBeat. On October 19, 2026, Barclays raised its target from USD 83.00 to USD 84.00, also reported by MarketBeat.

Results and dividend dates

Freeport-McMoRan plans to release third-quarter results before the market opens on October 27, 2026, and to hold its earnings call at 10:00 a.m. ET, according to the company release. The quarterly dividend is scheduled for payment on November 2, 2026, according to MarketBeat.

Stock trades ahead of results

Freeport-McMoRan was trading at EUR 60.95 at Lang & Schwarz on October 21, 2026 at 11:19 a.m. CEST. On the NYSE, the stock was last at USD 68.89 on October 20, 2026 at 4:00 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.