FREEPORT-MCMORAN INC
Freeport-McMoRan is a metals company headquartered in Phoenix, Arizona, that operates mines and processing facilities producing copper, gold and molybdenum. Its operations include the Grasberg minerals district in Indonesia, copper mines in the United States and South America, and molybdenum mines in Colorado. The company also operates smelters, refineries and rod mills, and produces copper concentrate, cathode and continuous cast copper rod, as well as refined gold and molybdenum products. Freeport-McMoRan makes money primarily by selling copper, gold and molybdenum. It sells copper as concentrate, cathode and rod to customers including wire and cable manufacturers, fabricators and smelters, through contracts whose prices are generally tied to metals-market benchmarks. It sells gold from Grasberg and molybdenum concentrate and processed products from its mines and conversion facilities.
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See all $FCX insider activity →Freeport-McMoRan reported 3Q 2026 revenue of $7.55B, up 8.2% YoY, and EPS of $0.81, up 76.1%. Higher metal prices drove gains, offset by lower sales volumes. Grasberg ramp-up continues, with mill throughput at 67% capacity. Copper price averaged $6.54 per pound. 2026 sales outlook: 3.0B lbs copper, 649K oz gold, 93M lbs molybdenum.
Freeport McMoRan plans to invest $4.5 billion to double copper production at its Bagdad mine, increasing output to 400 million pounds annually. The project, expected to take four years, will also boost molybdenum production and create 4,000 jobs, according to the company.
RBC Capital's Sam Crittenden maintained a Hold rating on Freeport-McMoRan (FCX) with a $85.00 price target. FCX closed at $62.97. The company reported Q3 revenue of $7.55B and net profit of $1.17B, up from $6.97B and $674M last year. Insider sentiment is negative, with recent sales by directors.
Over the past 7 days, AlphAI's AI scored 24 news stories mentioning FCX (FREEPORT-MCMORAN INC). Coverage has skewed bullish: 17 bullish, 3 neutral, and 4 bearish.
Recent FCX coverage spans financial news, earnings and corporate actions.
Quarterly results and operating drivers (realized prices up, volumes down from Grasberg ramp-up) set near-term expectations for copper/gold/moly performance and ramp progress.
The expansion could boost long‑term copper production and earnings, likely supporting the stock.
Analyst hold rating and insider selling suggest limited upside and possible downside pressure.
The expansion positions Bagdad as the second‑largest U.S. copper mine and a leading molybdenum producer, reducing long‑term unit cash costs.
Guidance signals strong demand for copper and potential revenue growth, likely supporting the stock.
AlphAI scores every news story that mentions FCX with an AI model for sentiment and relevance, and aggregates insider trades from FREEPORT-MCMORAN INC's SEC EDGAR Form 4 filings. Figures refresh continuously.
Freeport-McMoRan reported 3Q 2026 revenue of $7.55B, up 8.2% YoY, and EPS of $0.81, up 76.1%. Higher metal prices drove gains, offset by lower sales volumes. Grasberg ramp-up continues, with mill throughput at 67% capacity. Copper price averaged $6.54 per pound. 2026 sales outlook: 3.0B lbs copper, 649K oz gold, 93M lbs molybdenum.
Freeport McMoRan plans to invest $4.5 billion to double copper production at its Bagdad mine, increasing output to 400 million pounds annually. The project, expected to take four years, will also boost molybdenum production and create 4,000 jobs, according to the company.
RBC Capital's Sam Crittenden maintained a Hold rating on Freeport-McMoRan (FCX) with a $85.00 price target. FCX closed at $62.97. The company reported Q3 revenue of $7.55B and net profit of $1.17B, up from $6.97B and $674M last year. Insider sentiment is negative, with recent sales by directors.
FREEPORT-MCMORAN INC (FCX) filed an SEC Form 8-K — Other Events. 1 Freeport Announces Plans to Boost U.S. Copper & Molybdenum Production Significant expansion and modernization program approved for Bagdad, Arizona Bagdad to become the second-largest U.S. copper producer and a top U.S. molybdenum producer Bagdad’s long-term cost position
Freeport-McMoRan's executives highlight copper's role in electrification and the company's growth plans. They aim to produce 4.5-5 billion pounds of copper annually by 2030, driven by expansions at existing sites, notably the Bagdad mine in Arizona.
Freeport-McMoRan approved a $4.5B expansion at Bagdad mine, aiming to double production. The project is expected to increase annual copper output to over 400M pounds, with 225M pounds incremental. The company did not provide prior-period comparisons.
Q3 copper production for 20 leading miners fell 4.0% YoY to 3,202.4 kt. BHP's output dropped 19% due to grade declines and maintenance, but it kept FY guidance. Teck and Lundin Mining saw weather impacts, with Lundin cutting its annual outlook. Anglo American maintained guidance despite weather issues. Freeport-McMoRan's output rose 6% QoQ but remained 9% below YoY. Kamoa-Kakula's production increased 12% QoQ. First Quantum lowered its FY guidance due to grade shortfalls.
Southern Copper (SCCO) and Freeport (FCX) dropped 3.27% and 1.91% respectively, dragging a copper tracker fund down 2.18%. Both stocks are down over 14% in 20 sessions. Copper prices fell 2.18%, influenced by risk aversion, high US yields, and weak Chinese demand. Southern Copper is 20.2% below its August high, while the copper fund is 7.0% below its September peak.
JPMorgan forecasts US copper output could more than double to 2.3 million tonnes annually by 2030, driven by new projects and expansions. The Resolution Copper mine, a joint venture between Rio Tinto and BHP, could contribute 18 million tonnes over 40 years. Freeport-McMoRan is seen as well-positioned for near-term growth. Higher costs and permitting delays may slow progress. The US aims to reduce foreign mineral dependence but faces processing capacity challenges.
JPMorgan identified top copper stocks amid U.S. supply push, including Freeport McMoran, Antofagasta, Atalaya, Glencore, Grupo Mexico, and Zijin Mining. The bank rates these stocks overweight, citing growth potential and favorable valuations. JPMorgan maintains a bullish long-term outlook for copper but notes near-term risks from U.S. tariff uncertainty.
