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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TECK.B
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.
BUY
Never gets the proper valuation in the market because its Grasberg properties are in Indonesia. Stable environment and they are one of the lowest cost miners in the world. Volatile.
PAST TOP PICK
(A Top Pick Sept 22/05. Up 25.2%.) Still likes commodities even though it is later in the game.
SELL
If you own this, you want to look at how well they've held up against their peers. This one has not held up well. Have had some additional operating problems. Would look to let some of it go on any strength.
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