Freeport-McMoRan stock holds below record levels after Q2 beat
Published on 08/19/2026 at 20:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Freeport-McMoRan Inc. stock closed at $66.33 on August 18, 2026, after a 3.00% drop, while the session range ran from $65.71 to $68.03 and the 52-week band stretched from $35.15 to $72.28.
The company reported Q2 2026 earnings of $0.74 a share on July 23, 2026, above the $0.62 consensus, on revenue of $7.03 billion. MarketBeat's stock page puts the market capitalization at $95.25 billion and shows an average price target of $70.27, with the consensus rating at Moderate Buy.
Q2 numbers still matter
The Q2 2026 revenue figure compares with analyst estimates of $6.62 billion on the filing summary page, while net margin came in at 11.39% and return on equity at 10.63%. That combination keeps the debate centered on whether higher copper and gold prices can offset volume pressure as the year unfolds.
MarketBeat's SEC filing page says the most recent filing was a Form 10-Q submitted on August 6, 2026, and the same page notes a quarterly dividend of $0.075 per share that was payable on August 3, 2026. The dividend yield shown on the stock page is 0.45%.
Analyst backdrop
Consensus still leans constructive, with 23 analysts and a 2.91 rating score behind the current Moderate Buy label. The implied upside from $66.33 to the $70.27 average target is 5.9%, a narrow spread that leaves valuation tied closely to execution.
Year to date, the shares are up 30.6% from the $50.79 starting level cited on the quote page. That move leaves FCX well above the low end of its 52-week range, but still below the $72.28 peak.
What the business sells
Freeport-McMoRan's core business is copper, with gold and molybdenum as byproducts, and the company operates large-scale mining complexes in the Americas and Indonesia. For investors, the key question remains whether the operating mix can keep turning record-grade pricing into cash flow while Grasberg ramps back up.
As of August 18, 2026, the stock was quoted at $66.33 on the NYSE, with a market cap of $95.25 billion.
Fact box
Company: Freeport-McMoRan Inc.
ISIN: US35671D8570
Ticker: FCX
Exchange: NYSE
Price (as of August 18, 2026, 3:59 p.m. ET): $66.33 USD
Market cap: $95.25 billion (as of August 18, 2026)
Sector / Industry: Materials / Metals & Mining
Index membership: S&P 500
Next earnings date: October 22, 2026
More on the company's main products
Copper remains the main product, with gold and molybdenum providing additional revenue streams and byproduct leverage.
Freeport-McMoRan stock closes near $66
Freeport-McMoRan stock was last quoted at $66.33 on August 18, 2026, while the market cap stood at $95.25 billion. The 52-week range of $35.15 to $72.28 frames the current valuation debate.
