Freeport-McMoRan stock holds near $75 after Q2 beat
Published on 09/01/2026 at 20:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Freeport-McMoRan stock (US35671D8570) traded at $75.21 as of September 1, 2026, after the company reported Q2 2026 earnings per share of $0.74 and revenue of $7.03 billion. The same quarter also showed revenue down 7.3 percent year over year, which gives the beat more weight than the headline numbers alone.
Q2 numbers set the tone
According to MarketBeat, the consensus estimate for Q2 2026 EPS was $0.62, so the reported $0.74 came in $0.12 ahead. Revenue also topped the $6.62 billion forecast by $410 million, while net margin reached 11.39 percent and return on equity 10.63 percent.
A second data point matters for the full-year picture. MarketBeat also cited FY2026 EPS consensus at $2.79, while Erste Group Bank projected $3.05 per share, a gap of $0.26 that points to a more constructive earnings view than the market baseline.
Copper sales stay central
The companys latest earnings transcript said second-half copper sales are expected to be more than 20 percent higher than the first half, with gold sales more than 65 percent higher. It also said unit cash costs should average $1.95 per pound of copper for the year, up from the prior estimate of $1.75.
Stock level and range
For investors, the chart is still tight. Freeport-McMoRan stock traded between $74.88 and $77.01 on September 1, 2026, within a 52-week range of $35.15 to $80.24, leaving the shares close to the upper end of the year band.
Q2 2026 beat and copper outlook
Freeport-McMoRan reported a Q2 2026 EPS beat, a revenue beat, and a stronger second-half copper sales outlook.
Copper and gold mix
Freeport-McMoRan remains centered on copper, gold and molybdenum, and the Q2 transcript said the U.S. mining operations delivered 2.4 times more operating income in the first half of 2026 than in the prior-year period. That mix is what keeps the stock tied to copper prices, operating costs and production recovery in the second half.
Price action now
As of September 1, 2026, Freeport-McMoRan stock traded at $75.21 on MarketWatch, with a 52-week range of $35.15 to $80.24.
Freeport-McMoRan stock data
- Company: Freeport-McMoRan Inc.
- ISIN: US35671D8570
- Ticker: FCX
- Trading venue: NYSE
- Price (as of September 1, 2026): $75.21 USD
- Market capitalization: $108.74 billion (as of September 1, 2026)
- Sector / Industry: Materials / Metals and Mining
- Index membership: S&P 500
