Freeport-McMoRan Slips to 217th in Trading Volume Despite Copper Surge

On June 27, 2025, Freeport-McMoRan (FCX) experienced a significant decline, with its trading volume dropping by 54.43% to 4.13 billion, placing it at the 217th position in the day's stock market rankings. The stock price fell by 1.37%.

Recent trading has seen Freeport-McMoRan's stock surge due to a rise in copper futures, which have increased by 3.1% toward a three-month high. This rally in copper prices is driven by a weakening U.S. Dollar Index, which has dropped by 0.4% to its lowest close since February 28, 2022. The inverse relationship between the dollar and copper means that a weaker dollar makes copper more expensive, benefiting companies like Freeport-McMoRan that are heavily leveraged to copper prices.

UBS Group has adjusted its price target for Freeport-McMoRan, lowering it from $52.00 to $45.00 while maintaining a "buy" rating for the company. This adjustment comes as the stock has shown strong performance over the past month, with a return of +7% compared to the broader market's +5.1% change.

Freeport-McMoRan's stock has been trending upward, driven by the surge in copper prices, which have reached a three-month high. This price surge has boosted the company's stock, making it one of the top performers in the mining sector. The company's exposure to copper prices positions it well to benefit from continued strength in the copper market.