Freeport-McMoRan reports third-quarter output and BMO lifts target for Freeport-McMoRan stock

Published on 10/05/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Copper output reached 830 million pounds on October 2, 2026. Freeport-McMoRan stock costs EUR 64.33 on October 5, 2026 versus EUR 64.04.

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Freeport-McMoRan (ISIN US35671D8570) was trading at EUR 64.33 at Lang & Schwarz on October 5, 2026 at 9:41 a.m. CEST, while its latest operating update showed third-quarter copper production of 830 million pounds. On October 2, 2026, StockTitan reported that production met expectations, while MarketBeat said BMO Capital Markets lifted its target from USD 78.00 to USD 85.00 on September 29, 2026.

Grasberg recovery remains central

Freeport-McMoRan's third-quarter update also reported gold production of 230,000 ounces and copper sales guidance of 750 million pounds. Gold sales were deferred into the fourth quarter, a timing factor that raises the importance of the next production report for near-term revenue.

Grasberg mill throughput averaged 140,000 metric tons of ore per day, equal to 67 percent of normalized rates before the September 2025 incident. The Eastern Java smelter resumed operations in late August 2026, and the company continues to expect 80 percent of capacity by mid-2027 and near-full capacity by year-end 2027, according to StockTitan.

Second-quarter figures show the tradeoff

In the second quarter of 2026, revenue was USD 7.03 billion and net income attributable to common stock was USD 984 million, compared with USD 772 million in the same quarter of 2025. That 27.50 percent increase in net income contrasted with a 7.30 percent revenue decline, highlighting how realized metal prices and production volumes are pulling in different directions.

Freeport-McMoRan realized USD 6.17 per pound for copper in the second quarter of 2026 and sold 710 million pounds, according to StockTitan. The company is scheduled to discuss third-quarter results on October 27, 2026, as shown on its investor-relations page.

EUR 64.33 in afternoon trading

At Lang & Schwarz, Freeport-McMoRan was trading at EUR 64.33 on October 5, 2026 at 9:41 a.m. CEST, up 0.45 percent versus the prior close of EUR 64.04. The primary listing is on the NYSE, where the finance quote showed USD 72.04 on October 2, 2026, with a 52-week range of USD 38.54 to USD 80.24 and market capitalization of USD 103.6 billion.

The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.