Freeport-McMoRan Inc. ( FCX ) Discusses Investigation and Response to Grasberg Block Cave Incident and Operational Outlook November 18, 2025 10:00 AM EST Company Participants David Joint - Vice President of Investor Relations Richard Adkerson Kathleen Quirk - CEO, President & Director Mark Johnson - President & COO of Freeport-McMoRan Indonesia Cory Stevens - President of Freeport McMoRan Mining Services Conference Call Participants Bob Brackett - Sanford C. Bernstein & Co., LLC.
Freeport-McMoRan (FCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
FCX's stock prices remain notably disconnected against the rising commodity prices, despite the potential accretion on its top/ bottom-line performance metrics. Part of the headwinds may be attributed to the mud rush incident at the Grasberg Block Cave mine in Indonesia, with it jeopardizing its production volumes in the mean time. FQ4'25/ FQ1'26 may bring forth FCX's rather underwhelming performance, pending the full ramp up of its mining/ smelting operations in Grasberg.
Freeport-McMoRan faces production setbacks after the Grasberg mine accident, prompting a revised fair value of $42 and a Hold rating. Despite strong Q3 results driven by high copper and gold prices, FCX's future earnings are clouded by operational uncertainty and reduced 2025 guidance. Management expects a phased recovery, with Grasberg Block Cave resuming in 2026 and mitigation efforts underway to offset lost production.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Freeport-McMoRan Inc. NYSE: FCX reported third-quarter earnings on Oct. 23. The results highlighted the company's resilient performance despite a temporary halt in operations at its Grasberg mine in Indonesia.
FCX posts higher Q3 profits as surging copper and gold prices offset weaker volumes and operational disruptions.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.
A fatal mud rush in September at a Freeport-McMoRan mine in Indonesia led to seven deaths and a suspension of operations.
FCX's Q3 results are likely to reflect favorable copper prices amid pressure from Grasberg mine issues and higher costs.
Freeport-McMoRan remains a complex copper play, with heavy reliance on volatile copper prices and significant exposure to Indonesian political risk. Despite long-term copper demand tailwinds, Freeport's Indonesian operations account for the vast majority of operating profits but are subject to high taxes and government intervention. Shares trade at demanding multiples amidst net capital investments made into the business and an uncertain political environment.
In the closing of the recent trading day, Freeport-McMoRan (FCX) stood at $43.31, denoting a +1.07% move from the preceding trading day.