Freeport-McMoRan stock: HSBC sets USD 77 target before October 27 results

Published on 10/22/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FCX expects 830 million pounds of copper in Q3 2026. Freeport-McMoRan stock costs EUR 58.91 on October 22, 2026 at 3:37 p.m. CEST.

Analyst target and earnings date

HSBC set a USD 77.00 target for Freeport-McMoRan on October 22, 2026.
Freeport-McMoRan expected 830 million pounds of copper production for the third quarter of 2026.
Freeport-McMoRan stock cost EUR 58.91 at Lang & Schwarz on October 22, 2026 at 3:37 p.m. CEST.

Belebter Börsensaal mit Kurscharts für Kupfer, Gold und Molybdän auf großen Monitoren und Anzeigetafeln — Freeport-McMoRan US35671D8570 – Handelssaal einer Börse mit Rohstoffcharts für Kupfer, Gold und Molybdän, Illustration mit AI erstellt.

Freeport-McMoRan stock (ISIN US35671D8570) has a fresh USD 77.00 HSBC target dated October 22, 2026, while the company prepares to publish third-quarter results on October 27. According to MarketScreener, HSBC lifted its target from USD 75.00 to USD 77.00. At Lang & Schwarz, the stock was trading at EUR 58.91 on October 22, 2026 at 3:37 p.m. CEST.

October 27 results date

Freeport-McMoRan plans to release its third-quarter 2026 earnings before the US market opens on October 27, followed by a conference call at 10:00 a.m. Eastern Time. The date was set out in the company's October 2 operational update, which is linked to Freeport-McMoRan.

Copper output and Grasberg

The October 2 update put third-quarter copper production at 830 million pounds and gold production at 230,000 ounces. Copper sales were expected at 750 million pounds, while gold sales were expected at 100,000 ounces after 60,000 ounces of refined gold sales moved into the fourth quarter, according to Freeport-McMoRan.

The same release said Grasberg mill throughput averaged 140,000 metric tons of ore per day during the third quarter, equal to 67 percent of normalized rates before the September 2025 incident. The company expects to reach 80 percent of capacity in mid-2027 and approach full capacity by year-end 2027.

Valuation on October 22

FCX traded at USD 65.62 on the NYSE at 9:47 a.m. Eastern Time on October 22, 2026. Its 52-week range was USD 38.54 to USD 80.24, market capitalization was USD 94.3 billion, and the price-to-earnings ratio was 32.25.

For comparison, Southern Copper traded at USD 187.21 on October 22, 2026, with a price-to-earnings ratio of 24.59 and market capitalization of USD 158.1 billion. Teck Resources traded at USD 59.84, with a price-to-earnings ratio of 16.53 and market capitalization of USD 28.9 billion on the same date.

The next trading marker

The October 27 report will put the copper output, Grasberg recovery and cost outlook into one quarterly financial statement. The latest reported quarter produced USD 7.03 billion in revenue and adjusted earnings per share of USD 0.74, compared with USD 6.62 billion and USD 0.62 expected by analysts, according to MarketBeat.

Freeport-McMoRan stock quote

The EUR 58.91 Lang & Schwarz price on October 22, 2026 at 3:37 p.m. CEST gives investors a live German-market indication ahead of the October 27 results.

The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.