Freeport-McMoRan Inc. (NYSE:FCX) ranks among the best mineral stocks to invest in.

On February 20, Freedom Capital Markets raised Freeport-McMoRan Inc. (NYSE:FCX) from Hold to Buy and boosted its price target to $76 from $47. The firm emphasized the company's standing as a key copper producer, accounting for roughly 9% of global supply.

According to Freedom Capital, the upgrade indicates leveraged exposure to the copper rebound amid restricted supply. The firm also underlined ambiguity around the Grasberg expansion, with normalization set for the latter half of 2026.

Separately, Freeport-McMoRan Inc. (NYSE:FCX) said that it has signed a memorandum of understanding with the Indonesian government to extend its operational rights in the Grasberg mining sector for the duration of the resource. The existing Grasberg license is set to expire in 2041. Under the deal, Freeport-McMoRan will transfer an additional 12% ownership stake in the mineral rights at no charge after 2041, reducing its stake from 48.8% to 36.8%.

Freeport-McMoRan Inc. (NYSE:FCX) is a leading global mining company with major operations in North and South America and Indonesia, specializing in copper, gold, and molybdenum. Its Grasberg site in Indonesia constitutes one of the largest copper mines in the world.

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