Freeport-McMoRan reported stronger-than-expected Q2 earnings with adjusted EPS of $0.74 versus $0.62 expected and revenue of $7.03 billion beating estimates. The results were driven by high copper and gold prices, with copper production at 786 million pounds and $962 million in free cash flow. RBC Capital raised its price target to $73 from $70 but kept a "Sector Perform" rating, indicating a hold stance. Despite the positive report, the stock price dipped post-earnings likely due to prior price gains anticipating the results.
Freeport-McMoRan reported strong second-quarter earnings driven by high copper and gold prices, despite gold's steepest quarterly decline in over 13 years. The company achieved $1.1 billion in adjusted earnings, supported by a 37% rise in realized go...
Freeport-McMoRan reported stronger-than-expected Q2 2026 earnings and revenue, with adjusted EPS of $0.74 and revenue of $7.03 billion, beating analyst estimates. Despite this, shares fell about 2% due to a slightly reduced near-term copper sales out...
Freeport-McMoRan is forecasted to report a Q2 2026 earnings per share (EPS) of $0.60, marking an 11.1% increase year-over-year, driven by strong commodity prices and demand for copper and gold. However, revenue is expected to decline by about 14.6% t...
