UBS has increased its price target for Freeport-McMoRan to $88 from $77, citing strong demand for copper driven by growth in AI and electric vehicles. Copper prices could reach $10 per pound, boosting Freeport's cash flow significantly. However, production recovery at the Grasberg mine in Indonesia remains key after a 2025 mud rush incident. The mine aims to reach 80% capacity by mid-2027, supporting the company's financial outlook and UBS's bullish price target.
Freeport-McMoRan trades at USD 71.04 on Pluang as of Oct 08, 2026 20:42 WIB, down 1.15% in one day. The stock's market cap stands at $103.19 billion with a 52-week high of $79.91. Pluang investors show strong interest, with 75% of order activity on the buy side, reflecting ongoing confidence despite recent price dips.
