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Freeport-McMoRan Is Up 42% in the Last 6 Months. Here’s How Much the Stock Could Rise by 2026
Freeport-McMoRan stock has seen a 42% increase in the last six months, driven by strong copper prices and improved operational outlooks. Despite some profit-taking by institutional investors, analyst sentiment remains positive, with Bank of America raising its price target to $81. A valuation model suggests a target price of $87, implying a 33% upside, underpinned by sustained copper demand and production recovery at its Grasberg mine.