Today: 14 March 2026
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NYSE:FCX 1 January 2026 - 23 January 2026

Freeport-McMoRan (FCX) stock slides after earnings as Grasberg restart timing dominates the story

Freeport-McMoRan (FCX) stock slides after earnings as Grasberg restart timing dominates the story

Freeport-McMoRan shares fell 2.9% to $58.85 after hours Thursday despite better-than-expected Q4 profits, as investors focused on a 2026 sales outlook weighted toward the year’s second half due to the Grasberg mine restart. The company reported net income of $406 million and sold 709 million pounds of copper, but traders remain wary of timing risks and recent declines in copper prices.
Freeport-McMoRan stock nudges higher into earnings as copper steadies — what to watch Thursday

Freeport-McMoRan stock nudges higher into earnings as copper steadies — what to watch Thursday

Freeport-McMoRan shares closed up 0.9% at $60.58 Wednesday ahead of its quarterly earnings report due before Thursday’s open. Copper prices rose 0.4% to $12,796 a ton on the LME, but the Yangshan premium fell to its lowest in 18 months, signaling weak Chinese demand. Analysts expect Freeport to report EPS of $0.32 on $5.35 billion in revenue.
Basic materials stocks face a copper reality check after the long weekend as XLB slips

Basic materials stocks face a copper reality check after the long weekend as XLB slips

Materials Select Sector SPDR ETF (XLB) fell 0.6% Friday as copper retreated from record highs, dragging basic materials stocks lower. Freeport-McMoRan dropped 2.1%, Dow lost 1.4%, and Alcoa slid nearly 5.9%. U.S. markets will close Monday for Martin Luther King Jr. Day, reopening Tuesday. Investors await Alcoa’s earnings on Jan. 22 and watch copper prices for further direction.
Freeport-McMoRan stock dips after Friday slide as copper stays near records, earnings loom

Freeport-McMoRan stock dips after Friday slide as copper stays near records, earnings loom

Freeport-McMoRan shares fell 2.1% to $58.71 after a mine-safety shutdown order at its Morenci site, which was lifted the same day. Copper prices remain above $13,000 a metric ton, keeping the company in focus ahead of its Jan. 22 earnings. Indonesian troops freed 18 Freeport employees trapped at a Papua outpost this week. The board declared a $0.15 per share cash dividend, payable Feb. 2.
Why Freeport-McMoRan stock is slipping as copper cools — and what to watch next

Why Freeport-McMoRan stock is slipping as copper cools — and what to watch next

Freeport-McMoRan shares fell nearly 2% to $58.78 on Friday, with trading volume at 15.5 million, as copper miners retreated despite copper topping $13,000 a ton this week. Concerns over Chinese demand and anticipation of a U.S. tariff ruling in June weighed on the sector. Investors are watching Freeport’s quarterly update scheduled for Jan. 22. U.S. markets close Monday for Martin Luther King Jr. Day.
16 January 2026
Freeport-McMoRan stock near $60 as copper AI demand and Indonesia risks collide ahead of earnings

Freeport-McMoRan stock near $60 as copper AI demand and Indonesia risks collide ahead of earnings

Freeport-McMoRan shares held at $60.34 Thursday, near a 52-week high, as copper prices topped $13,000 a ton after Rio Tinto struck a supply deal with Amazon. Indonesian military rescued 18 Freeport workers after armed rebels surrounded them at the Grasberg mine. Options traders expect a 6.6% swing around next week’s earnings report. Raymond James raised its target price to $66.
Freeport-McMoRan stock near $60 as copper hits records — what traders watch before FCX earnings

Freeport-McMoRan stock near $60 as copper hits records — what traders watch before FCX earnings

Freeport-McMoRan shares rose 1.8% to $60.35 in after-hours trading Wednesday, following copper’s record high on the London Metal Exchange at $13,407 a ton. Volume topped 19.7 million shares. Investors await Freeport’s Jan. 22 earnings for signs the copper rally is boosting cash flow. The company’s next dividend is set for Feb. 2.
Freeport-McMoRan stock tags new high as Wall Street lifts targets on copper, with earnings next

Freeport-McMoRan stock tags new high as Wall Street lifts targets on copper, with earnings next

Freeport-McMoRan shares closed up 1.1% at $59.34 Tuesday after hitting a new 52-week high, with about 22 million shares traded. Wells Fargo and Citi raised their price targets on FCX, citing copper supply trends and operational outlooks. Investors are watching the Jan. 15 dividend record date and the Jan. 22 Q4 earnings call. Copper prices on the LME remain near monthly highs despite a slight dip.
BHP stock rises as it stays out of the Rio-Glencore chase — what investors watch next

BHP stock rises as it stays out of the Rio-Glencore chase — what investors watch next

BHP’s U.S. shares rose 1.7% to $62.80 after sources said the miner won’t pursue a rival bid for Glencore, instead watching Rio Tinto’s takeover talks. BHP declined to comment. Rio Tinto’s U.S. shares gained 2.1% to $82.88, while Freeport-McMoRan jumped 3.8%. BHP granted nearly 4 million performance rights in a routine filing, listing 5.08 billion shares outstanding.
Freeport-McMoRan (FCX) stock jumps as copper firms and JPMorgan lifts target ahead of earnings

Freeport-McMoRan (FCX) stock jumps as copper firms and JPMorgan lifts target ahead of earnings

Freeport-McMoRan shares rose 4.4% to $56.59 Friday as copper prices climbed and JPMorgan raised its price target to $68. Goldman Sachs also lifted its copper forecast for the first half of 2026. Investors face a Jan 15 dividend record date and await the Jan 22 earnings report. Rio Tinto confirmed early merger talks with Glencore, sending sector shares moving.
9 January 2026
Basic materials stocks jump to start 2026 — XLB rises as copper steadies and miners climb

Basic materials stocks jump to start 2026 — XLB rises as copper steadies and miners climb

U.S. basic materials stocks rose on the first trading day of 2026, with the Materials Select Sector SPDR Fund (XLB) up 1.7% to $46.12. Freeport-McMoRan gained 2.25%, Dow Inc climbed 3.81%, and copper futures settled 0.18% higher at $5.64 a pound. The S&P 500 added 0.19%. Investors are watching next week’s labor data and Fed rate cut signals.
Basic materials stocks today: XLB ends 2025 lower as silver slumps, China PMI surprise in focus

Basic materials stocks today: XLB ends 2025 lower as silver slumps, China PMI surprise in focus

Spot silver fell 7.1% and spot gold dropped 0.78% Wednesday as U.S. basic materials ETFs XLB and IYM lost 0.83% and 0.98%. Freeport-McMoRan slid 1.21%, Newmont 1.97%. China’s official PMI rose to 50.1 in December, signaling expansion for the first time in eight months. U.S. markets are closed Thursday for New Year’s Day.

Stock Market Today

  • Stock Market Centers Eye Move to Texas, Heralding 'Y'all Street' Era
    March 13, 2026, 8:18 PM EDT. The prospect of three major U.S. stock markets relocating to Texas is igniting what some call a 'Y'all Street' stampede. Experts discuss potential impacts on the financial sector, including market operations and regional economic shifts. Texas could emerge as a significant hub for trading activity and financial services, challenging traditional centers like New York. This move could reshape the landscape for brokers, exchanges, and investors, with implications for market access and regulation.
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