Scotiabank lifts estimate for Freeport-McMoRan stock: it falls 4.22 percent

Published on 10/15/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 7.03 billion and EPS was USD 0.74. Freeport-McMoRan stock costs EUR 61.31 on October 15, 2026, 4.22 percent below Xetra close.

Estimate revision and production milestones

Scotiabank lifted its fiscal 2026 earnings estimate to USD 3.35 from USD 3.06 on October 13, 2026.
Freeport reported approximately 830 million pounds of copper production for the third quarter on October 2, 2026.
Freeport-McMoRan stock trades at EUR 61.31 at 11:11 a.m. CEST at Lang & Schwarz on October 15, 2026, 4.22 percent below the Xetra close of October 14, 2026.

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Scotiabank lifted its fiscal 2026 earnings-per-share estimate for Freeport-McMoRan from USD 3.06 to USD 3.35 in a research note dated October 13, 2026, according to MarketBeat. Freeport-McMoRan stock was trading at EUR 61.31 at Lang & Schwarz on October 15, 2026, at 11:11 a.m. CEST, down 4.22 percent versus the Xetra close of October 14, 2026 at EUR 64.01.

Estimates rise despite operating pressure

The Scotiabank revision places the estimate above the USD 2.87 consensus figure cited by MarketBeat. That creates a quantified contrast with the companys latest reported quarter, when Freeport-McMoRan delivered USD 0.74 adjusted earnings per share against a USD 0.62 consensus estimate and revenue of USD 7.03 billion against USD 6.62 billion expectations, according to MarketBeat.

Three milestones since July

On July 23, 2026, Freeport reported second-quarter revenue of USD 7.03 billion and adjusted earnings per share of USD 0.74. On October 2, 2026, the company said third-quarter copper production was approximately 830 million pounds and gold production approximately 230,000 ounces, according to Last10K. On October 13, 2026, Scotiabank raised its fiscal 2026 estimate from USD 3.06 to USD 3.35.

What dates matter for production?

Freeport-McMoRan stock reached its October 15, 2026 ex-dividend date for the quarterly USD 0.075 dividend, while the next quarterly results are scheduled for October 27, 2026, before the market opens, according to MarketBeat and Last10K. The October report will show whether higher copper output can offset the companys stated cost pressure and delayed gold sales.

Stock stays below recent high

Freeport-McMoRan has a market capitalization of USD 100.1 billion as of October 14, 2026. Its USD 38.54 to USD 80.24 52-week range leaves the latest US closing price of USD 69.62 below the yearly high, while the euro quote is separately used for the German investor perspective.

At Lang & Schwarz, Freeport-McMoRan was trading at EUR 61.31 on October 15, 2026, at 11:11 a.m. CEST, 4.22 percent below the Xetra close of October 14, 2026 at EUR 64.01. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.