Freeport-McMoRan (FCX) Stock Hits All-Time High as Copper Rebounds
TLDR
- FCX hit an all-time high of $74.52, up 5.55% on the day
- Stock is up 64.56% over the past year and 41.23% year-to-date
- Copper futures are rising, boosting earnings expectations for the miner
- Q2 2026 earnings beat estimates: EPS of $0.74 vs $0.59 expected; revenue of $7.03B vs $6.71B expected
- InvestingPro flags FCX as trading above Fair Value at current levels
Freeport-McMoRan hit an all-time high of $74.52 on Thursday, with the stock climbing around 5.55% on the day as copper futures pushed higher across global markets.
The move puts FCX up 41.23% year-to-date and 64.56% over the past 12 months, making it one of the stronger performers in the metals and mining space.
The day’s rally is tied directly to a rebound in copper futures, which lift expectations for FCX’s revenue and earnings power given how closely the company’s fortunes track the metal’s price.
Analyst commentary has also turned more upbeat, with FCX being flagged as a top pick in the sector. The positive sentiment is partly driven by the company’s pipeline of copper projects spread across multiple regions.
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