Freeport McMoran Copper & Gold (FCX) Buy,…

Freeport McMoran Copper & Gold (FCX)

69.73

+0.19 (0.27%)

as of Oct 19, 2026, 3:35:00 pm Market Open.

232 watching

COMMENT

Commodity prices have climbed, partially due to the Russian war. This stock is not overvalued. He expects continued strength in copper prices, even beyond that war, because of demand for EVs. Share price is now slightly high.

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BUY

Has world class copper/gold assets with a couple of political challenges. Generates massive amounts of cash and would be a good takeover acquisition.

BUY

He's excited about copper demand, given electrification--the green oil--namely in EVs. FCX trades at 5x enterprise value to EBITDA, so it's cheap. Balance sheet is fine as they pay off debt. He expects buybacks and dividend increases in the next quarter.

BUY

Likes commodities and the cyclical space. Lots of analysts and firms are ratcheting up expectations of a decade or more of commodity firmness. Likes it from a technical perspective. Starting to break out. If it gets above the $45 level, and he thinks it can, there will be lots of upside.

BUY

Very positive. Materials will benefit from higher inflation. Copper goes into electrification. 4x more is used in EVs than in combustion engines. Great valuation. Producing lots of cash, which could lead to a higher dividend and buybacks, in turn propelling the share price higher.

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK

(A Top Pick Dec 02/21, Up 15.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX has achieved its $42.50 objective. To remain disciplined, we recommend covering half the position at this time and trailing the stop (from $29) to $37.

BUY

The demand for copper is huge because of EV's. So he continues to regularly roll options into Freeport-McMoran. Keep a close eye on copper.

DON'T BUY

Copper demand helping? Forever a cyclical stock with wild ups and downs. Most of the upside has likely already been factored into the share price. Supply chain issues will resolve themselves. He would pass here.

TOP PICK

One of the largest copper producers in the world. Reaching full production. Copper prices have been firm. Copper's in great demand to produce electricity, as this meshes with the EV movement. Attractive valuations. Yield is 0.78%. (Analysts’ price target is $42.34)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate FCX, the world's largest producer of copper, as a TOP PICK. As inflation fears rise the return to higher global commodity prices is likely. This is a good inflation protection vehicle. It trades at 14x earnings compared to peers at 16x. As copper prices have risen sharply over the past year, so too has the company's cash reserves. The company is wisely using a portion of the cash reserves to pay down debt. It pays a small dividend, backed by a payout ratio of under 10% of cash flow. We recommend keeping the stop loss at $29, looking to achieve $42.50 -- upside potential over 14%. Yield 0.84% (Analysts’ price target is $43.82) (Analysts’ price target is $42.33)

PAST TOP PICK

(A Top Pick Dec 03/20, Up 59%) Stick with this one. Core holding. Great way for exposure to EVs, which have twice the amount of copper as in a traditional vehicle. Long-life, stable asset to produce from.

TOP PICK

A multi-year play, as we're in a commodity bull market. Copper is important to the electrification of the world. About 85% of revenues come from copper. Just hit net debt target. Plans to return about 50% of free cashflow to shareholders. Gives inflation protection. Yield is 0.78%. (Analysts’ price target is $41.81)

WAIT

Wait for a pull back. It is one of those names he has shied away from. It will introduce more vulnerability to the portfolio. Wait for it to come off.

BUY

Energy has taken the spotlight away from the metals. Still room for a name like this. Now above the 200-day MA. Likes the cyclical miners. Base metals will perform decently. Wouldn't be surprised if it retook its high of $46 from the summer.

BUY

Commodities are more volatile, correcting since May. World is in a copper deficit, and FCX is the one you want to own. If it were to break $31, he'd be forced to the sidelines. Other risk-oriented sectors have been gaining ground, so we should see a reacceleration of the base materials and end the year pretty well.

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Freeport McMoran Copper & Gold (FCX)