Opinions Stuart Hinshelwood
Freeport McMoran Copper & GoldFCXDON'T BUYSep 19, 2013
Stuart HinshelwoodStock price when the opinion was issued
As of Sep 29, 2026. Market Open.
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What we've seen is just a supply response -- there's just not a lot of copper out there. But we're going to need it for a long time. It's a great play, but it's already reflected in the stocks and they're not as cheap as they were. He owns a bunch of them.
Still likes FCX. Grasberg coming fully online will be very beneficial. Probably the best bang for your buck right now.
He added more shares during this pullback in the metals. It's an opportunity. However, if there's rate hikes through the end of this year, then forget the gold trade, he will be wrong about metals. Long term there's a lot of value, and the stock is cheap.
Kevin SimpsonCopper prices are up 18% this year and 48% in the past year, booming from data centre demand. FCX is the best way to play copper. Copper stocks have pulled back recently, but Lang says are due to rebound the rest of the year. FCX's chart shows higher highs and higher lows on strong volumes. The RSI has fallen from overbought levels, so pull the trigger now. The MACD shows a bullish formation now; FCX could break out to $80, then $100. There's strong call option buying, also suggesting $100.
Copper is one of the most powerful themes in this market. Copper producers broke out, with consolidation over last several months.
Massive mine in Indonesia has been prolific. He'd be a buyer right here. Generates enormous cashflow. Estimates are going higher. Just broke out technically.
David Burrows
Is near a 52-week high. He wants yields to go lower. Money is coming out of oil and into precious metals.
Joe TerranovaSecular growth of the copper market, as copper's used more and more in today's society. Recent turmoil in Iran has boosted price of copper.
Today's earnings report was good, but the mine site of last year's tragedy won't be online as quickly as anticipated. Pretty good entry point, though expect the price to wallow for a while.
Gordon ReidLikes the momentum and the tailwind of their Indonesian mine reopening, started last October. He expects an upgrade in that operation later this year.
Joe Terranova
There's strong demand for copper while supply has tightened. Also, FCX has gold byproducts, and gold is selling high.
Julien Nono-Womdim
With this you have to have a call on copper prices. Over the next year he thinks copper prices will essentially stay where they are. Previously this was a pure play copper company. Spun off some assets in the energy patch, but eventually bought back. He questions the way they went about buying and the capital they used and was it necessarily in the best interest of the shareholders. Also, this distracted them from their core business. Assets are okay. Stock is going to be a play on what is happening with the underlying commodity and he thinks copper doesn’t do any more than $4 a pound over the next year. Probably fine for a longer-term holder.