NYSE:FCX

Freeport McMoran Copper & Gold (FCX)

68.43
+1.94 (2.92%)
as of Aug 17, 2026, 3:21:20 pm Market Open.
230 watching
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Investor Insights
star iconAug 16, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

Freeport McMoran Copper & Gold (FCX) is encountering a mixed outlook from various experts. The company has experienced a 36% increase in its stock price this year, driven by the rising demand for copper, particularly due to its essential role in electrification and data centers. However, headwinds exist, including significant resistance at current levels, and concerns about global inventory overhang. Additionally, recent challenges, such as a mudslide affecting production and heightened risks, have led some analysts to suggest caution. Long-term sentiment, however, remains bullish, backed by the expected growth in copper demand, particularly from China and the EV sector, although current market fluctuations and uncertainties could dampen short-term performance.

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Consensus
Buy
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Valuation
Fair Value
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Similar
TECK.B
BUY

(Market Call Minute.) Great copper play. Copper prices have hung in relatively well and he still sees the global economy growing.

WAIT

One caveat is that this company has the Indonesia issue that is always hanging over their head. Renegotiating with the Indonesian government scares him a little bit. Some of the mines that they are getting copper out of are no longer open pits so there are cost pressures. Really well-run company. Good dividend. Wait for 6 months when people are sad.

HOLD
(Market Call Minute.) Gold and copper and subject to the whims of the commodity market.
DON'T BUY
We are in a deleveraging environment, which tends to be a little bit disinflationary. There has been a lot of stimulus thrown at the market without the response that the policymakers expected. There is little evidence to go to high beta stocks yet. Share prices of the materials group have been performing poorly.
PAST TOP PICK
(A Top Pick June 6/11. Down 33.94%.) Sold 90% of his holdings last December. An excellent company, but unfortunately it trades with the copper price. Thinks there will be a 50%-100% rally if we did see clarity out of Europe and there was a resumption of global growth.
DON'T BUY
Would steer over to TCK.B because it is Canadian and is diversified and has all the assets. Holds very little precious metals.
HOLD
He is surprised the stock is trading as low as it is. Copper does not trade far below its all-time high of about $4. Have great growth coming on in Africa. In a lot of ways it is a cheap, cheap stock. It's in a penalty box because it is a cyclical resource stock and people have been getting out of that part of the market.
COMMENT
(Market Call Minute.) Gold and copper is having a terrible time as all the materials are.
DON'T BUY
Gold and copper play. When you start to look at commodity plays with producers, he would prefer to go somewhere else. Prefers materials area but don’t overweight..
BUY
Around the current price level would be a reasonable time to get in. He noticed that a lot of commodity stocks were underperforming the commodity but this one started to outperform copper in mid-October.
DON'T BUY
Great management, long-term, large cap name. Copper prices have been falling.
TOP PICK
Copper/gold. Stock is down and this is the time to buy. Have a big strike that will have to be settled. Aopper prices have dropped a lot. China and Asia are going to be fine and copper is going to be okay. Their production costs for copper is less than $1 a pound.
DON'T BUY
Doesn’t love copper at this time. A little cautious with the cyclicality of it. A high beta stock that is going to trade up and down with the Chinese market.
SELL
You want to own commodity stocks when the commodity is going up. This is a pure copper company and the price is going down. The reason to own it disappears. It’s dead money at best.
COMMENT
Gold is a good diversifier and plays a role in any good equity portfolio but be cautious and don't have too much exposure. He prizes geopolitical stability and certainty so prefers something like Barrick (ABX-T) instead of this company.
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