Freeport-McMoRan Rises 2.36% on $390M Volume Rank 299th as Copper and Gold Sales Surge but Q3 Outlook Dulls

Freeport-McMoRan (FCX) rose 2.36% on August 7, 2025, with a trading volume of $0.39 billion, ranking 299th among stocks that day. The miner reported a 9% year-over-year increase in copper sales to 1.016 billion pounds and a 45% rise in gold sales to 522,000 ounces for Q2 2025, driven by shipment timing. Molybdenum sales also grew by 4.8% year-over-year to 22 million pounds. However, the company issued a cautious outlook for Q3, forecasting a 4% annual decline in copper sales to 990 million pounds and lower gold and molybdenum volumes compared to previous periods. The muted guidance signals potential challenges in sustaining revenue growth amid volatile commodity markets.

FCX’s performance remains tied to its ability to leverage higher copper and gold prices, with volume stability critical for maintaining margins. While peers like Southern Copper saw a 3% annual drop in copper sales, BHP Group reported 1% higher copper output in its fiscal Q4 2025. FCX’s forward earnings multiple of 18.9X aligns closely with the industry average, and its Zacks Rank of #3 (Hold) reflects mixed expectations. Analysts note that while realized prices have improved, the lack of volume growth could constrain future profitability.

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