NYSE:FCX
Freeport McMoran Copper & Gold (FCX)
70.67
-1.30 (1.80%)
as of Sep 29, 2026, 5:46:07 pm Market Open.
232 watching
Financials 
Technical Analysis 0
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.
Gordon ReidOwned
non-base metal mining
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.
Gordon ReidOwned
non-base metal mining
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.
Gordon ReidOwned
non-base metal mining
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.
non-base metal mining
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.
Stockchase DiscoverOwned
non-base metal mining
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly With strong commodity holdings in gold, silver even oil and gas, we recommend FCX as a TOP PICK. Analysts feel the company is well positioned for a period of stagflation (inflation coupled with stagnant economic growth). Cash reserves are building aggressively with higher commodity values and the company has been buying back shares and retiring debt. We recommend a stop loss at $24, looking achieve $50 -- upside potential over 35%. Yield 0.75% (Analysts’ price target is $49.82)
non-base metal mining
STRONG BUY
Highly bullish on it. Strong long-term, secular demand for copper for electrification. Doing well cyclically, healthy price of copper. A money machine with current price of copper. Impeccable balance sheet. Should see it increase dividend and buy back shares.
Gordon ReidOwned
non-base metal mining
Premium contentPAST TOP PICK
(A Top Pick Dec 02/21, Up 8.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX has triggered its stop at $40. To remain disciplined we recommend covering the position at this time. This results in a net investment gain of 10%, when combined with our previous buy recommendation.
non-base metal mining
COMMENT
His choice in the copper space. But it's a difficult market, extremely nervous that the US Fed will force that economy into recession. Companies like FCX rely on strong global growth and a Fed move could see FCX retrench. Also, FCX relies on demand from China, which is locking down in some parts to battle Covid. Long term, this is a great company. A few weeks ago they reported a strong quarter, net debt of $1.3 billion and return 50% of free cash flow to shareholders (buybacks and dividends). They remain profitable. Be patient with it, though.
Gordon ReidOwned
non-base metal mining
PAST TOP PICK
(A Top Pick Apr 13/21, Up 44.57%) Directly related to copper prices. Copper is both a cyclical and secular beneficiary. 70% of copper usage today is devoted to creating electricity. Be careful of your timing on this one. More room to run, a great hold.
Gordon ReidOwned
non-base metal mining
Premium contentPAST TOP PICK
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