Freeport-McMoRan stock gains as copper holds firm
Published on 09/07/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Freeport-McMoRan stock (US35671D8570) rose to USD 72.73 as producer shares tracked firmer copper, while second-quarter revenue reached USD 7.029 billion and net income USD 984 million. On September 7, 2026, copper futures were still being framed by a weekly gain of about 0.53 percent in the September COMEX contract, according to The Rio Times copper wrap.
Copper keeps the tone
The Rio Times said Freeport-McMoRan added 0.23 percent to USD 72.73, while the benchmark September COMEX contract settled around USD 6.6825 per pound. That kept the stock close to the metal price rather than to a company-specific shock.
For investors, the comparison matters: copper was up about 0.53 percent for the week, but Freeport's move on September 7, 2026 was only 0.23 percent. The equity is still following the commodity, not leading it.
Quarterly figures stay in view
Freeport-McMoRan's second-quarter revenue was USD 7.029 billion, down from USD 7.582 billion a year earlier. Operating income came in at USD 2.003 billion, compared with USD 2.432 billion in the prior-year quarter, while net income rose to USD 984 million from USD 772 million.
The same quarter shows why margins still matter: a lower top line did not prevent higher net income year on year. That mix gives the stock a different sensitivity to copper prices than a simple revenue trend would suggest.
Profit beats the prior year
The revenue decline from USD 7.582 billion to USD 7.029 billion equals a drop of about 7.3 percent, but net income increased by about 27.5 percent. That is the number investors can work with on a day when the share price is mainly taking its cue from copper.
In the latest reported quarter, the company also showed USD 2.003 billion in operating income, a second figure that supports the view that earnings quality remained intact even as sales eased.
Copper mines drive the story
Freeport-McMoRan's business still hinges on large-scale copper mining, with gold and molybdenum acting as important side products. The second-quarter numbers show how closely the portfolio is tied to copper pricing and to output from the Americas.
Price and market snapshot
As of September 7, 2026, Freeport-McMoRan stock stood at USD 72.73, after a 0.23 percent rise in the cited market wrap. The same session placed copper near USD 6.6825 per pound, keeping the producer in line with the metal it sells.
Freeport-McMoRan at a glance
- Company: Freeport-McMoRan Inc.
- ISIN: US35671D8570
- Ticker: FCX
- Trading venue: NYSE
- Price (as of September 7, 2026): USD 72.73
- Market capitalization: USD 104.5 billion (as of September 7, 2026)
- Sector / Industry: Materials / Copper
- Index membership: S&P 500
