FCX Stock Recent News

While FCX is poised to gain from progress in expansion activities and solid financial health, falling copper prices warrant caution.

Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Since October 2023, the spot price of gold is up about 75%. That outperformed most stocks at that time.

Freeport-McMoRan Inc (NYSE:FCX, ETR:FPMB) is “entering the sweet spot,” analysts at Jefferies told investors following the release of the copper giant's latest earnings report. For Q1, Freeport posted earnings per share of $0.24, ahead of estimates of $0.23, as revenue of $5.73 billion beat forecasts of $5.47 billion.

Freeport-McMoRan Inc. (NYSE:FCX ) Q1 2025 Results Conference Call April 24, 2025 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathleen Quirk - President and Chief Executive Officer Maree Robertson - Executive Vice President and Chief Financial Officer Cory Stevens - Senior Vice President, and President of FM Technical Services Conference Call Participants Carlos De Alba - Morgan Stanley Liam Fitzpatrick - Deutsche Bank Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Daniel Major - UBS Chris LaFemina - Jefferies Bob Brackett - Bernstein Research Lawson Winder - Bank of America Securities Brian MacArthur - Raymond James Bill Peterson - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan First Quarter Conference Call.

Ahead of the opening bell this Thursday morning, Initial Jobless Claims came in at 222K for last week, slightly above estimates but certainly within range that demonstrates a continued healthy labor market. The previous week's print of 216K was ratcheted up just slightly on revision.

While the top- and bottom-line numbers for Freeport-McMoRan (FCX) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Copper production of FCX declines around 20% year over year to 868 million pounds in Q1.

Freeport-McMoRan (FCX) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.

Freeport-McMoRan Inc. FCX and Southern Copper Corporation SCCO are two heavyweights in the copper mining industry. Both operate on a global scale, extracting and processing copper and other metals.