Freeport-McMoRan stock jumps again as Grasberg restart timeline comes into focus
Freeport-McMoRan shares rose 2.65% to $60.41 Friday after reporting Q4 profit of $406 million and updated copper sales guidance for 2026. The company now expects to sell 3.4 billion pounds of copper next year, with most output in the second half. Bernstein downgraded the stock to market perform, citing valuation risks tied to copper price forecasts.