- Freeport-McMoRan (FCX) revised its full-year copper unit net cash costs per pound to $1.68, up from its previous view of $1.55, and compared to an estimated $1.77.
- The forecast for the fourth quarter expects copper unit net cash costs to be $2.47 per pound, slightly below the estimated $2.51.
- Adjusted earnings per share (EPS) for the third quarter were $0.50, surpassing both last year’s $0.38 and the estimate of $0.41.
- Revenue for the third quarter was $6.97 billion, an increase of 2.7% year-over-year, exceeding the estimate of $6.7 billion.
- Capital expenditure decreased by 8.3% year-over-year, amounting to $1.1 billion, aligning with expectations.
- Copper production dropped by 13% year-over-year, totaling 912 million pounds, with unit net cash costs rising by 0.7% to $1.40 per pound, better than the estimated $1.64.
- The average realized price for copper was $4.68 per pound, an 8.8% increase year-over-year, and higher than the estimated $4.45.
- Gold production fell by 37% to 287,000 ounces from the previous year, with sales volumes down 40% to 336,000 ounces.
- The average realized price for gold soared by 38% year-over-year to $3,539 per ounce, higher than the estimated $3,460.
- Molybdenum production increased by 10% to 22 million pounds, exceeding the estimate of 19.08 million pounds, while sales volume remained steady at 19 million pounds.
- The average realized price for molybdenum rose 5.2% year-over-year to $24.07 per pound, surpassing the estimated $22.26.
- Analyst ratings consist of 17 buys, 6 holds, and 1 sell for FCX.
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Freeport Mcmoran on Smartkarma
Analysts on Smartkarma, like Baptista Research, have been bullish on Freeport Mcmoran, a mining company. In a recent report titled “Freeport-McMoRan Taps Advanced Leaching Tech—Could This Be Its Secret Weapon?” by Baptista Research, Freeport-McMoRan’s robust second-quarter results in 2025 were highlighted. The company exceeded initial forecasts with significant sales volumes of copper and gold, benefiting from higher copper prices and generating a quarterly EBITDA of $3.2 billion. Operating cash flows were also strong at $2.2 billion, showcasing the company’s solid financial performance.
Additionally, Baptista Research provided insights in another report titled “Freeport-McMoRan: An Insight Into Its Indonesia Smelter Developments.” This report discusses the first quarter results of 2025, emphasizing the company’s focus on essential copper production amidst a landscape of promising opportunities and challenging hurdles. While Freeport Mcmoran‘s strategic direction aligns with global trends towards electrification and decarbonization, external factors such as U.S. tariff policies and geopolitical risks could pose both risks and opportunities that may impact the company’s profitability significantly, as analyzed by the analysts.
A look at Freeport Mcmoran Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Freeport-McMoRan Inc., an international natural resources company with diversified assets in copper, gold, and more, is projected to have a moderate overall outlook based on Smartkarma’s Smart Scores. With a consistent score of 3 across various factors including Value, Dividend, Growth, Resilience, and Momentum, the company seems to stand steady in its performance metrics. While not excelling in any particular aspect, the balanced scores suggest a stable long-term outlook for Freeport Mcmoran.
As an international player in natural resources, Freeport-McMoRan Inc. seems to maintain a solid footing in its core operations, as indicated by its overall Smart Scores of 3 across the board. With diverse assets and significant reserves in various commodities, the company appears to have a resilient business model. While not showcasing exceptional growth or value metrics, the consistent scores across different aspects imply a steady performance trajectory for Freeport Mcmoran in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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