Freeport McMoran Copper & Gold (FCX) Buy,…

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Freeport McMoran Copper & Gold (FCX)

69.06

-1.09 (1.55%)

as of Jun 17, 2026, 8:00:00 pm Market Open.

229 watching

Investor Insights

Jun 17, 2026, 12:00 am

This summary was created by AI, based on 23 opinions in the last 12 months.

Freeport McMoRan Copper & Gold (FCX) is experiencing mixed sentiments from analysts, driven by its positioning in the copper market and the impact of recent events like the mudslide at its main mine. The company benefits from strong demand for copper, particularly as electrification trends rise, and has gold byproducts that are selling well amid elevated prices. However, concerns linger regarding supply, global inventories, and the effects of tariffs, particularly in relation to China’s purchasing behavior. Some experts see the current price as a reasonable entry point despite short-term volatility and predict long-term growth, while others advise caution due to recent price fluctuations and uncertainties in the market. Overall, analysts express a cautious optimism about FCX's potential in future markets.

Consensus

Buy

Valuation

Fair Value

Similar

TECK.B

BUY

Tied to economy. If we go into a deep recession, copper prices are bound to fall, so FCX will fall. However, modest recession or none at all, and China reopens, lots of promise for copper. Secular tailwinds for copper: electrification, green energy, tight supply right now. Fantastic financial shape. Very positive. Even if a recession, that will pass, and there will be a new spring for copper.

DON'T BUY

Recommends caution on the stock. Not sure copper demand will increase. Would prefer more diversified mining companies.

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PAST TOP PICK

(A Top Pick Jun 14/22, Up 5.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. To remain disciplined, we recommend trailing up the stop-loss (from $24) to $33 at this time.

WAIT

So many demands for copper. Likes it. Heading into a recession, be cautious. Owning a deep cyclical for income is a tough proposition, get your dividend but may get hurt on share price. Try something like ENB, a more stable dividend play.

PAST TOP PICK

(A Top Pick Dec 16/21, Up 7%) Likes this on a cyclical and secular basis. EVs and renewable businesses need copper. In recent months, FCX has struggle because China has closed down, a huge customer of base metals. But China will open up. Cheap PE and strong balance sheet.

DON'T BUY

Not a believer in the story of long-term demand for copper. Model price $29.66, and it's that now. For commodity stocks to go higher, need big earnings increases. Need macro to work out.

BUY

Bought it a few weeks ago. it's enduring in a time when big shortages in copper are pressured by copper prices. Cheap valuation. Great way to play the peaking US dollar.

PAST TOP PICK

(A Top Pick Sep 17/21, Down 4%) Continues to like the company, and will hold shares. Pure commodity play which increases risk. Long term, is a good investment with rising copper demand. 70% of copper used today is in electrification process (cars etc.) Last year has been hard on most sectors. Increasing demand in China will also add to the strength of the company. Expecting inflation to cool which will cause markets to rise again.

BUY

The risk-off market in July hit shares and commodities. China's strict lockdowns didn't help demand. FCX is a great company with lots of production going. They produced more than 1 billion pounds of copper int heir last quarter. Their operating cash flow is strong, $10 billion of EBITDA in a quarter even at current copper prices. Copper has a lot of opportunities; 70% of it is used in EVs and green energy.

BUY

He doesn't own it but there is a good opportunity here since it is unlikely that a deep recession is coming. The mining sector is cheap.

WATCH

It reports Thursday. Plastics and copper are directly tied to economic growth. Listen to the quarterly call for their progress to gain clues about the economy.

HOLD

He continues to like it, though all commodities are suffering now, from oil to metals, as the market fears a recession. Hang on. There's sunshine on the other side of a recession if one happens.

SELL

Commodities are trades. Things are bouncing around right now. Cyclicality makes it hard to invest long term. Ask yourself if you want to own a resource stock in the next 6 months. Look at the high-yield royalty companies instead of pure oil & gas.

WATCH

Their Indonesian copper/gold mine is one of the best ever found. It's a quality play. Sector risks include mines getting confiscated by governments and nationalized. Copper has a great future with electrification coming and there are few copper mines in the world. Caveat: copper stocks are declining now, so wait and see how copper goes short term.

BUY

Allan Tong’s Discover Picks FCX is the copper name for many wealth managers turn to who applaud the company’s robust balance sheet, share buybacks, steady 1.42% dividend yield and recent strong recent quarter. In the first three months of this year, FCX shares jumped 19%, the surrendered those gains in April, a victim of that month’s panic selling but also the company’s own strong quarter. FCX beat the street’s top and bottom lines for Q1 2022, but management slightly reduced the outlook for copper sales from 4.3 (2022) and 4.5 (2023) billion pounds as announced in Q4 2021 to 4.25 billion and 4.45 billion respectively. The street reacted harshly and the spring sell-off was overdone. Read 3 rock stars of the mineral stocks for our full analysis.

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