NYSE:FCX

Freeport McMoran Copper & Gold (FCX)

76.62
+3.89 (5.35%)
as of Sep 8, 2026, 8:00:00 pm Market Open.
230 watching
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Investor Insights
star iconSep 8, 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 experiencing a mix of bullish and cautious opinions among analysts. Many experts emphasize the strong demand for copper, particularly driven by trends such as electrification and data center growth, while some highlight potential headwinds due to economic uncertainties and recent operational challenges, including a tragic mudslide at a major mine. The stock has shown strong technical patterns, and several analysts see potential for substantial upside in the price, with targets as high as $100, backed by strong volumes and significant cash flow generation. However, concerns about global inventory levels and rate hikes loom over the outlook, with some experts advocating for a cautious approach or diversifying investments. Overall, long-term sentiment remains optimistic, particularly regarding copper's role in the evolving energy landscape.

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Consensus
Buy
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Valuation
Undervalued
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Similar
TECK.B
TOP PICK
Largest pure play mining company globally. Also have assets in gold and molybdenum. Outlook for copper is the best for near and long-term with the growth and demand from China. Forward PE is 11X, which is pretty cheap.
TOP PICK
Copper. A short-term great way to make income. He bought at $63.20 and sold September call options at $65 strike giving him $1.74 for 15 days, about a 3% yield.
TOP PICK
(Top Pick was paired) Long on copper stocks and short on broad market.
BUY
On the chart, copper has turned and it looks like it wants to go to $2.20. Prefers bigger companies such as this. Thinks it is an easy walk to around $50.
BUY ON WEAKNESS
Pretty much a copper play. Probably a little too early for this one. If it pulled back 5% or 10% from this level it would be a nice place to pick up some shares for a long-term investor.
TOP PICK
This has made it into his Top 10 of his US 50 fund it has to be in the top 100 of the S&P 500 by market cap. He is surprised that it made it. It is a materials (copper) company. His model price is $146.68, which is a 29% positive differential.
DON'T BUY
Gold and copper producer. The US version of Goldcorp (G-T). A bit bigger and more international. More gold than copper, but a bit too much copper for him.
BUY
Was mostly a gold stock and then bought Phelps Dodge, almost a pure play copper stock. Copper prices peaked earlier in the year but have come off. Because of demand from the developing world, he doesn't see copper prices dropping off.
BUY
Extremely large cap. Enormous from copper standpoint. Have become geographically diversified. Very high quality company. Would be very comfortable owning it.
BUY
One of the largest copper stocks in the US. Cash flow because of the high copper prices should expand over the next few years.
BUY
Just made a major acquisition of Phelps-Dodge. Because of the strong copper/gold prices, it has allowed them to pay back their debt. Good management.
PAST TOP PICK
(A Top Pick Apr 28/06. Up 15%.) Geographically diversified. Metals are on another leg higher. Still likes.
COMMENT
Recently made a significant bet on copper by buying Phelps-Dodge near the top of the copper market. If you believe in copper and its long-term outlook, this is probably a great play. He thinks it's late in the cycle.
DON'T BUY
The chart shows a lot of congestion. If you own, watch for a breakout. Don't let a drop below its January low. Not excited about this one.
PAST TOP PICK
(A Top Pick Sept 22/05. Up 28%.) Got stopped out in the spring when commodity stocks corrected. Large cap metals are a little less attractive right now.
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