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NYSE:FCX

Freeport McMoran Copper & Gold (FCX)

69.06
-1.09 (1.55%)
as of Jun 17, 2026, 8:00:00 pm Market Open.
229 watching
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Investor Insights
star iconJun 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.

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Consensus
Buy
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Valuation
Fair Value
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TECK.B
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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.
TOP PICK

A company they are excited about. The largest copper miner in the world. Now at 100% production capacity in their Indonesian mine. Copper prices have been firm, and at this level of copper prices, they produce $15B EBITDA. Enterprise value is under $60B. Extremely attractive. Every 10 cent change in copper price, they make $400M of cashflow. The application of copper is exciting. There is cyclical and secular elements that will push copper demand. (Analysts’ price target is $42.59)

BUY
A cyclical that'll benefit from an inflationary economy that'll extend longer. Good balance sheet. Had a recent pullback with all the cyclical stocks, but these stocks will do well. Good metrics: 27x ROI and 8x EBITDA. A solid balance sheet. A safe dividend at a low payout ratio.
HOLD
Great way to have exposure to copper and gold. Long-life assets, well operated. Stock's around the 200-day MA. Important to see it hold above $31. Over time, will likely grow its dividend. The VTV, dominated by economically sensitive stocks, made a new high 3 days ago. These are holding in better than secular growth areas like tech. If it holds, one to add to.
BUY
A well-positioned investment in the deep commodity space. A cyclical investment, as well as a secular change. Produces copper, 70% is used in electrification such as alternative sources of energy or cars. Strong case for long-term increase in demand for copper. Excellent investment here.
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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 FCX is the world's largest producer of copper. Inflation is likely to be driven by rising commodity prices as the global economy restarts post-pandemic. This is a good inflation protection vehicle. Recently reported earnings of $0.77 EPS came in just above analyst expectations of $0.76. It trades at 19x earnings compared to peers at 24x. As copper prices have risen over 40% over the past year, so too has the company's cash reserves -- up an estimated $4.8 billion. With earnings growth expected over 27% this year, it's PEG ratio is under 1.0. It pays a small dividend, backed by a payout ratio of under 60% of cash flow. We would buy this with a stop loss at $29, looking to achieve $44 -- upside potential over 20%. Yield 0.86% (Analysts’ price target is $43.82)
SELL
He would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.
BUY

Obviously, changes in the economy are dramatic, some caused or accelerated by the pandemic (i.e. people moving out of cities) and the green economy. 70% of copper produced will be used in electric power (and awing from fossil fuels), namely in cars. Ford, GM, Volkswagen as well as Tesla are involved. Copper's price has moved up smartly, but the stocks and this commodity have ticked down a little. He thinks this will ebb and flow. FCX is in a great position with lots of runway.

BUY ON WEAKNESS
A great name to hold with inflation, copper going higher, and the economy continuing to recover. Look at it closer to the $37-38 range, if it gets there. If you hold it, don't sell.
DON'T BUY
Copper has been on fire. Copper tends to soften this time of year, and so will this stock as a result. Seasonality in gold might start to kick in next month. He wouldn't be jumping in.
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