Commodities
Freeport-McMoRan Stock Soars 2% on Copper Demand Optimism
Freeport-McMoRan stock is trading in the low 70s as of September 3, 2026, after a roughly 2 percent daily gain driven by stronger copper demand expectations.
The latest copper market data highlights Freeport-McMoRan among the leading miners, with its New York-listed shares quoted at 73.93 USD, up 2.01 percent on the day as investors bet on tighter long-term supply.
Valuation models signal a substantial premium to intrinsic value, with the GF Value metric concluding that Freeport-McMoRan is trading at 73.44 USD per share, which is 50.7 percent above an estimated intrinsic value of 48.74 USD.