Freeport-McMoRan reported better-than-expected Q3 revenue of $7.55 billion, driven by higher metal prices despite rising production costs and a sharp drop in gold sales. Net income rose to $1.17 billion, with adjusted earnings surpassing estimates. However, costs increased nearly 48% per pound of copper due to lower volumes and higher energy prices, highlighting sector-wide inflation pressures. The company expects improved gold sales and lower costs in Q4 but remains cautious about Middle East tensions affecting energy prices.
Freeport-McMoRan (FCX) trades at USD 64.66 on Pluang as of Oct 27, 2026 21:22 WIB, down 0.77% in one day. The stock's market cap stands at $93.57 billion with a 52-week range between $38.65 and $79.91. Pluang investors hold FCX for an average of 71 days, showing steady interest despite recent cost pressures in the sector.
