Freeport-McMoRan stock gains as analyst targets cluster around copper upside

Published on 09/20/2026 at 19:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan stock closed at USD 71.52 on September 18, 2026 on the NYSE, up 40.8% year to date. Recent analyst models lifted fair value to USD 72.59 with revenue growth now projected at 14.65 percent.

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Freeport-McMoRan Inc. (ISIN US35671D8570) stock ended the last completed NYSE session on September 18, 2026 at USD 71.52, a level that reflects a 40.8 percent gain from USD 50.79 at the start of the year and underscores how investors are pricing in copper upside and improved execution.

Analyst models lift fair value assumptions

As Yahoo Finance reported on September 20, 2026, updated valuation work has pushed the modeled fair value for Freeport-McMoRan stock from USD 70.68 to USD 72.59, while the revenue growth assumption in the same model has been raised from 12.25 percent to 14.65 percent.

According to Yahoo Finance, several major houses including Barclays, Bank of America, UBS, Morgan Stanley, Wells Fargo and RBC now cluster their price targets for Freeport-McMoRan stock in a USD 70 to USD 82 range, which highlights constructive views on the group’s leverage to copper prices and on the long-term development of the Grasberg mine.

Rating mix shows both optimism and caution

The latest analyst overview cited by Yahoo Finance also points to a more nuanced stance, with Freedom Broker downgrading Freeport-McMoRan stock to Hold and Bernstein maintaining a Market Perform rating, signaling that not all analysts see substantial upside from current price levels.

For investors, the quantified shift in modeling is key: the same valuation framework that previously applied a 17.17 percent net profit margin assumption now works with 13.40 percent, and the future price-to-earnings multiple used in the model has moved from 20.50 times to 25.89 times, according to the analysis summarized by Yahoo Finance.

Stock performance and market capitalization context

Per the latest data snapshot from MarketBeat, Freeport-McMoRan stock closed at USD 71.52 on the NYSE on September 18, 2026, up 0.95 percent or USD 0.67 from the prior close, and has risen from USD 50.79 at the beginning of 2026, a 40.8 percent increase that puts the shares comfortably above many earlier support levels.

As of mid-September 2026, Freeport-McMoRan’s equity value stood at around USD 101.74 billion in market capitalization, according to an overview by CompaniesMarketCap, underscoring the company’s position among the largest global mining and metals names.

Derivatives highlight demand for exposure

The demand for structured exposure to Freeport-McMoRan stock is also visible in recent securities offerings, with StockTitan publishing SEC documentation on September 19, 2026 detailing that UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc. common stock, with a trade date of May 20, 2026 and a maturity date of May 22, 2029.

These notes pay contingent coupons only if the underlying Freeport-McMoRan stock meets a coupon barrier on observation dates and can be automatically called quarterly after issuance, illustrating how structured products are being built around the miner’s share price trajectory and volatility profile.

Closing price signal for investors

Freeport-McMoRan stock thus enters the new week anchored by a NYSE closing price of USD 71.52 as of September 18, 2026, with year-to-date performance of 40.8 percent and analyst fair-value estimates nudging higher toward USD 72.59, leaving investors to weigh copper market scenarios against the more cautious margin assumptions embedded in the latest models.