Freeport-McMoRan Sets 2026 Sales Guidance: 3.1B Lbs Copper, 650K Oz Gold, 90M Lbs Molybdenum
FCX has more than doubled off its 52-week low of $33.3.
Summary
Freeport-McMoRan has provided its comprehensive sales guidance for 2026, projecting 3.1 billion pounds of copper, 650,000 ounces of gold, and 90 million pounds of molybdenum. This detailed outlook follows the company's 10-K filing in February, which outlined a phased recovery for 2026 after the 2025 Grasberg mud rush, and earlier news from April 13th regarding production forecasts from its Indonesian subsidiary. This specific guidance is highly material for investors, enabling them to update financial models and assess the company's expected revenue and profitability for the upcoming year. Traders will closely compare these figures against market consensus and monitor commodity price trends, especially for copper and gold, which are currently trading near 52-week highs.
At the time of this announcement, FCX was trading at $68.64 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $101.1B. The 52-week trading range was $33.30 to $70.97. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.