Freeport-McMoRan (FCX) Projected to Announce Earnings on Tuesday

Key Points

• Freeport-McMoRan is expected to report Q3 2026 results before the market opens on October 27. Analysts project earnings of $0.804 per share on $7.36 billion in revenue.
• In its latest quarter, the mining company earned $0.74 per share, beating estimates of $0.62, while revenue reached $7.03 billion. Revenue nevertheless declined 7.3% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $76.27; UBS recently raised its target to $88. The company also declared a $0.075 quarterly dividend, implying a 0.4% yield.

Freeport-McMoRan (NYSE:FCX - Get Free Report) will likely be posting its Q3 2026 results before the market opens on Tuesday, October 27th. Analysts expect the company to post earnings of $0.8040 per share and revenue of $7.36 billion for the quarter. Interested persons may visit the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, October 27, 2026 at 10:00 AM ET.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%. The company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the company earned $0.54 earnings per share. The firm's revenue was down 7.3% compared to the same quarter last year. On average, analysts expect Freeport-McMoRan to post $2.90 EPS for the current fiscal year and $3.88 EPS for the next fiscal year.

Freeport-McMoRan Stock Performance

FCX stock opened at $69.60 on Tuesday. The firm has a market cap of $99.95 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.65 and a beta of 1.39. The stock has a 50-day moving average price of $72.10 and a 200-day moving average price of $66.78. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Freeport-McMoRan has a 1-year low of $38.54 and a 1-year high of $80.24.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan's dividend payout ratio is presently 14.78%.

Insider Buying and Selling

In related news, CAO Stephen T. Higgins sold 14,277 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the transaction, the chief accounting officer directly owned 54,618 shares of the company's stock, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Douglas N. Currault II sold 80,000 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 110,398 shares of company stock valued at $8,387,271. Company insiders own 0.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on FCX. Wall Street Zen downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Freedom Broker downgraded shares of Freeport-McMoRan from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. UBS Group increased their target price on shares of Freeport-McMoRan from $77.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 8th. Finally, Barclays raised their price target on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Freeport-McMoRan has an average rating of "Moderate Buy" and an average price target of $76.27.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc NYSE: FCX is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.

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