Freeport-McMoRan

The stock of Freeport-McMoran Copper & Gold rose intraday by 7.5% to $76.72, marking a new 52-week high as the copper price keeps setting records. Drivers include a structural supply shortage, declining refining output in China, uncertainty over US import tariffs, and strong demand from AI data centers, electric vehicles and grid electrification. In addition, FCX beat analyst expectations in Q2 2026 for adjusted earnings and revenue, which reinforced the price move. » More on de.investing.com

Freeport McMoRan's stock rose to an all-time high of $74.52, putting it 64.56% above the year-ago level. InvestingPro sees the stock as above its fair value but highlights the strong annual return. In the second quarter of 2026 the company beat expectations with adjusted earnings of $0.74 per share and revenue of $7.03 billion, but investors reacted negatively in premarket trading over higher capital expenditures, project delays and a mixed outlook. » More on de.investing.com

Freeport-McMoRan reported adjusted EPS of $0.74 and revenue of $7.03 billion for Q2, both well above consensus estimates, supported by higher copper prices and strong production at Grasberg and Morenci. Despite the positive results, the stock fell in premarket trading as investors weighed higher capital expenditures, delayed project schedules and uncertainties around the Bagdad expansion, as well as inventory buildup at Grasberg. Management maintained a constructive medium‑term outlook, expects rising copper and gold sales in 2026/2027, slightly lowered its net cash cost forecast and announced increased capex for 2027 of about $4.8 billion. » More on de.investing.com