Freeport-McMoRan Stock Soars on Copper Price Bets

Freeport-McMoRan Inc., a major player in copper mining and metals, saw its stock price rise to $71.52 on September 18, 2026, marking a 40.8% gain from the start of the year.

The uptrend is largely attributed to investor expectations for higher copper prices and improved operational performance at the Grasberg mine.

Analyst models have also been revised, with updated fair-value estimates now at $72.59, while revenue growth assumptions have increased from 12.25% to 14.65%, according to Yahoo Finance.

Major houses such as Barclays, Bank of America, UBS, Morgan Stanley, Wells Fargo, and RBC have all set price targets for Freeport-McMoRan stock in the $70 to $82 range, further boosting investor confidence.