Freeport-McMoRan stock hits a new high on copper strength
Published on 08/21/2026 at 22:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Freeport-McMoRan Inc. (US35671D8570) stock climbed to a new 52-week high on August 21, 2026, with shares trading at $75.62 after a $4.40 move and 16,144,641 shares changing hands. The move comes after July 23, 2026 quarter results showed adjusted EPS of $0.74 and revenue of $7.03 billion.
Copper backdrop
Benchmark copper strength is the cleanest explanation for the advance, with the stock tracking the metal's August move and the company's leverage to refined copper output. The same quarter that lifted sentiment also delivered a clear beat versus consensus EPS of $0.62, a $0.12 margin above expectations.
That comparison matters because Freeport-McMoRan's earnings and revenue now reflect a tighter copper price environment more directly than they did earlier in the year. The company's market value stood at $108.59 billion in the latest trading snapshot, putting the share move into a much larger valuation frame.
Quarterly numbers
For the most recent reported period, the company posted a net margin of 11.39% and return on equity of 10.63% alongside the $7.03 billion in revenue. Those figures show that higher metal prices are still feeding through to profits rather than only lifting the top line.
Another detail stands out: the stock's latest price is already above the prior close of $71.22 and near the day's reported high of $74.20 before later trading pushed it higher. That kind of gap between the prior close and the current level usually tells investors the market is re-pricing the earnings outlook, not just reacting to one session of noise.
More on Freeport-McMoRan
Freeport-McMoRan's core business remains copper, with gold and molybdenum as supporting products, and that mix gives the company direct exposure to industrial metal cycles. The current rally is therefore tied less to a broad equity mood and more to the underlying copper market and the company's quarterly execution.
Stock and valuation
As of August 21, 2026, Freeport-McMoRan stock was changing hands at $75.62, with a market capitalization of $108.59 billion. That leaves the shares trading well above the $71.22 prior close and reinforces how quickly the market has moved to price in the latest earnings beat and copper strength.
Fact box
Company: Freeport-McMoRan Inc.
ISIN: US35671D8570
Ticker: FCX
Exchange: NYSE
Price (as of August 21, 2026, 4:00 p.m. ET): $75.62 USD
Market cap: $108.59 billion (as of August 21, 2026)
Sector / Industry: Materials / Copper
Index membership: S&P 500
