Why Freeport-McMoRan stock moves
Freeport-McMoRan rose after its third-quarter results and Bagdad news.
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Why today
16,413 news analyzed todayFreeport-McMoRan rose after its third-quarter results and Bagdad news.
Over the same session, the S&P 500 rose slightly, so Freeport-McMoRan moved more than the market.
The likely driver is its strong third-quarter profit, with net income of $1.2 billion, and the approved $4.5 billion Bagdad copper expansion.
Over the last five trading days the stock fell clearly, along with a sharp drop in the S&P 500 and a clear fall in its sector.
Today's move of +2.63% was 2.3 times a normal day's 1.2%. S&P 500 moved +0.31% on the same day.
Freeport-McMoRan +2.63%S&P 500 +0.31%Much stronger than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Freeport-McMoRan.
Freeport-McMoRan earned more than expected in 8 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 3 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $59.42
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $1.06 (January 21). For the current fiscal year, expected earnings per share changed from $3.00 three months ago to $3.10 now. 2026 estimate: $3.10. 2027 estimate: $4.25.
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +33% and earnings per share +17%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): $85.3BRevenue 2025: $25.9B
What the key figures say about Freeport-McMoRan
The figures connect what Freeport-McMoRan earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $1.28–$2.39. Peers: KGHM 43.45 PLN, Air Liquide 5.55 EUR, Novonesis 10.91 DKK. 2026 estimate: $3.10 ($2.57–$3.54). 2027 estimate: $4.25 ($2.57–$5.36).
What the company sold during the year.
2022–2025: $22.8B–$25.9B. Peers: KGHM 43.5 bn PLN, Air Liquide 27.0 bn EUR, Novonesis 4.4 bn EUR. 2026 estimate: $30.0B ($28.9B–$32.3B). 2027 estimate: $36.5B ($33.3B–$41.4B).
The percentage of revenue left after the costs of running the business.
2022–2025: 25.1%–30.9%. Peers: KGHM 18.5%, Air Liquide 19.4%, Novonesis 23.0%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 10.7%–22.3%. Peers: KGHM 24.2%, Air Liquide 14.0%, Novonesis 6.2%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 15.9–33.4. Peers: KGHM 6.4, Air Liquide 33.8, Novonesis 42.2. 2026 estimate: 19.2. 2027 estimate: 14.0.
What investors pay for each unit the company sells.
2022–2025: 2.15–2.81. Peers: KGHM 1.27, Air Liquide 4.43. 2026 estimate: 2.84. 2027 estimate: 2.34.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $0.00–$0.60.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 1.2%–1.6%. Peers: KGHM 0.5%, Air Liquide 1.8%, Novonesis 1.4%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 0.30–0.74. Peers: KGHM 0.42, Air Liquide 1.99, Novonesis 1.63.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 3.11–3.85. Peers: KGHM 1.39, Air Liquide 4.51.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 7.9–11.8.
Cash left after investments, divided by the number of shares.
2022–2025: $0.32–$1.64. Peers: KGHM -4.80 PLN, Air Liquide 4.19 EUR, Novonesis 1.40 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 30.4%–32.5%.
The dividend explained
A dividend is money paid to shareholders. Freeport-McMoRan paid $0.60 per share in the twelve months through November 6, 2026.
On the ex-dividend day, October 15, 2026, Freeport-McMoRan traded without the right to the $0.15 dividend. The price went from $69.62 to $70.06; including the dividend, the day's change was +0.8%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $0.002018: $0.152019: $0.202020: $0.052021: $0.222022: $0.602023: $0.602024: $0.602025: $0.602026 so far: $0.60
What followed similar falls?
Including reinvested dividends, Freeport-McMoRan fell 4.9% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 40 out of 73 non-overlapping periods. The median was +0.8%, against +1.3% for an ordinary 21-day period, which ended higher 53 times in 100.
Such a fall has not said much about the next month.
+0.8% · 40/73
What to watch next, and why
The earnings report shows how Freeport-McMoRan's revenue and profit have changed.
- Earnings report
The earnings report shows how Freeport-McMoRan's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Freeport-McMoRan usually moved about 2.1%. On a normal day it moves 1.2%.
+1.21% −2.31% −12.62% −2.86%
$10,000 in Freeport-McMoRan bought on November 7, 2016 is worth $58,200 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Freeport-McMoRan be worth today? →
What would $10,000 in Freeport-McMoRan be worth today?
$58,200
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $4,850 (March 18, 2020).
The five biggest days of the journey
· +29.7% · the whole market rose 9.4% the same day
· −18.1% · the whole market fell 5.2% the same day
· −17.1% · the whole market fell 12.0% the same day
· −17.0% · the whole market fell 0.3% the same day
· +15.5% · the whole market rose 9.5% the same day
Earlier days
−4.88% market −2.70% Freeport-McMoRan fell clearly over the week and dropped more than the broader market. Read →
Freeport-McMoRan fell clearly over the week and dropped more than the broader market.
Its decline was steeper than its Basic Materials sector, which also fell.
The company reported third-quarter results on 27 October that beat expectations, but it trimmed its copper sales outlook while the Grasberg mine recovers.
Several analysts then questioned whether the share price matches the cash flows needed to fund its large spending plans.
−7.51% market −4.41% Freeport-McMoRan fell very sharply, more than the market. Read →
Freeport-McMoRan fell very sharply, more than the market.
Company news from that session does not clearly explain the drop.
Over the last five trading days it fell sharply, while the S&P 500 also fell very sharply and the sector was roughly flat.
The stock traded at about twice its normal volume.
Shares sit well below their highest close of the past year, reached in late August.
−1.91% market +0.30% Freeport-McMoRan fell slightly. Read →
Freeport-McMoRan fell slightly.
Freeport-McMoRan fell, moving against the S&P 500 but in line with its sector.
No company news from that session clearly explains the move.
Over the last five trading days the shares fell clearly, more than the market, while the Basic Materials sector ETF (a fund tracking the sector) rose.
Earlier news such as the quarterly earnings beat, which came in before the last session, may be part of the wider picture.
+0.80% market −0.48% Freeport-McMoRan rose slightly. Read →
Freeport-McMoRan rose slightly.
Freeport-McMoRan rose, an ordinary day for the stock, while the S&P 500 fell slightly.
Several analysts cut their price targets, the share prices they see as fair, after the earnings report, likely weighing on sentiment.
Over the last five trading days the shares fell slightly, while the S&P 500 fell clearly and the Basic Materials sector ETF rose sharply.
Next quarterly earnings are due Thursday 21 January 2027.
−5.55% market −1.77% Freeport-McMoRan fell, moving with the market, not against it. Read →
Freeport-McMoRan fell, moving with the market, not against it.
The S&P 500 also fell sharply that day, so the stock's drop was largely part of a broad market sell-off.
Freeport-McMoRan also moved against its sector, since the Basic Materials sector ETF rose slightly.
No company news from that session clearly explains the drop, though trading volume was about twice its usual level.
Over the past five trading days the stock fell slightly, a smaller decline than its own usual daily swings, while the sector ETF rose clearly.
−4.16% market −0.56% Freeport-McMoRan fell slightly over the week, while the S&P 500 also fell slightly and the Basic Materials sector rose clearly. Read →
Freeport-McMoRan fell slightly over the week, while the S&P 500 also fell slightly and the Basic Materials sector rose clearly.
The company reported third-quarter results on 27 October that beat expectations, with net income up sharply on higher copper prices.
Copper sales volumes fell, and the company said production at Grasberg in Indonesia is ramping up, with bigger growth expected in 2027 and 2028.
−0.69% market −0.38% Freeport-McMoRan fell with the market. Read →
Freeport-McMoRan fell with the market.
Over the last five trading days, the stock rose slightly, moving more than the S&P 500 and in line with its sector, the Basic Materials group.
Last session the S&P 500 fell slightly while the sector rose clearly, so the stock lagged both.
Its quarterly results beat expectations earlier this week, and analysts kept buy-type ratings but lowered price targets, which are the share prices they see as fair.
Its next earnings report is due 21 January 2027.
−6.27% market −0.43% Freeport-McMoRan fell clearly over the last five trading days, more than the broader market. Read →
Freeport-McMoRan fell clearly over the last five trading days, more than the broader market.
The S&P 500 fell only slightly, while the basic materials sector rose slightly, so the stock moved against its sector.
Copper prices slid to five-week lows as an AI-related stock selloff weighed on investor sentiment, likely a key drag on the shares.
The company reports its third-quarter earnings on 27 October, which investors are likely watching closely.
−6.26% market −1.18% Freeport-McMoRan fell sharply, with no clear company news explaining it. Read →
Freeport-McMoRan fell sharply, with no clear company news explaining it.
Over the same session the S&P 500 also fell sharply, so the stock moved with the broad market, though its drop was larger than the market's.
The Basic Materials sector ETF, a fund tracking mining and chemical shares, rose clearly, so the stock moved against its sector.
The move was very big for the stock, about three times a normal day, and such moves happened roughly 12 times in the past year.
Over the last five trading days the stock fell clearly, while the market fell slightly.
Learn more · Why do stocks go up and down?