NYSE:FCX

Freeport McMoran Copper & Gold (FCX)

59.33
-1.67 (2.74%)
as of Jul 7, 2026, 8:00:00 pm Market Open.
229 watching
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Investor Insights
star iconJul 7, 2026, 12:00 am

This summary was created by AI, based on 24 opinions in the last 12 months.

Freeport McMoRan Copper & Gold (FCX-N) has garnered mixed reviews from experts, primarily centered around its performance in the copper and gold markets. Many analysts recognize the long-term bullish outlook for copper, driven by increasing demand from the electrification of infrastructure and data centers, alongside a supportive demand for gold. However, concerns about global copper inventories, the impact of recent mudslide incidents, and fluctuations in the price of metals pose challenges. The sentiment regarding FCX's financial performance remains optimistic, especially with anticipated strong earnings aligned with rising gold prices. The stock shows potential for high cash flow generation, despite its recent volatility in price and overall market uncertainties.

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Consensus
Buy
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Valuation
Undervalued
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TECK.B
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.
BUY

One of the largest copper/gold companies in the world. They are in one of those 'stronger for longer' cycles. Electric vehicles will see more copper demand. It is safe to own in the metals and mining space. He prefers Major Drilling, however (MDI-T).

DON'T BUY

Copper has really gotten ahead of itself. Lots of it is the recovery trade, as well as electric cars. Right now, copper stocks are too ahead and you could wait for a pull back. Smaller companies will be able to raise money but if there is a commodity price pull back, there could be back draft. Very rich.

TOP PICK
Copper, gold, and other metals. Stock pulled back a bit on earnings. World has a copper deficit, with no new mines coming on. Electrification will increase demand for copper. Great economic sensitivity. Very long-life assets, with tons of leverage in their business model. Yield is 0.87%. (Analysts’ price target is $40.14)
BUY ON WEAKNESS

He likes the CEO, from American Tower. The stock pays a 2.6% dividend yield and boasts a great order book. Hold or buy on dips.

TOP PICK
Copper is showing life again at over $4/pound and will stay at high levels. A highly profitable company. Commodities have done very well in the past year. The price could rise long term. One big reason is the electrification of cars which need 2-4 times as much copper as a gas-powered car. (Analysts’ price target is $39.03)
BUY
Bought it a little while ago. Likes the positioning in this type of market. A pure commodity play. Primarily gold and copper. Virtually everything in commodities is pushing towards all time highs. Very sensitive to copper prices. For every 10c, FCX gets $380M of increased cashflow. If copper prices maintain over $4, it could be 4x multiple to EBITDA. Looking good for now.
BUY

Commodities were in a 10-year bear market and only recently reversed. FCX has been the leader, and has just pulled back and is set for another leg up. He also owns HBM and FM. All of these will benefit, as we're in a deficit of copper and will be for quite some time. EVs use more copper than traditional vehicles. Should be core in a portfolio.

BUY
The go-to copper name. Institutional investors do. Mining stocks will go sideways in the short-term after their recent rally, but will rally again later this year.
HOLD
It's the purest copper play in the world, and copper prices are going up. When we get vaccines, there will be a worldwide boom.
TOP PICK

Still likes the metals. Several year cycle ahead of us. Leader in the group. They have the second largest copper mine in the world, and there will be a deficit in copper supply, with prices going higher. Also look at Rio Tinto for iron ore and BHP. No dividend. (Analysts’ price target is $22.36)

BUY
FCX a copper and gold miner that's been lost for the past decade. Since May, the chart has Seen a solid rise. FCX's tailwind is China which is buying its minerals. FCX is up 29% YTD. Also, there are few publicly traded copper companies, so it's another tailwind. It's been a dog for so long, that investors have ignored FCX. Because interest rates are so low, their debt isn't as much as a problem now. FCX is a safer bet than the megacap cap tech stocks.
BUY
It's below its 200-day moving average and has returned to its January lows. In October 2019, it fell to $8.50, which we don't need to revisit. If it closed below $10.91, then something is going on and it's likely it'll return to $8.50. Now, it looks pretty good. Watch to see it can stay above $10.91. With today's sell-off, FCX's risk/reward looks better.
TOP PICK
Focused on copper, molly and gold, it has really been moving up. There is no new copper coming on-stream, making a really good tail wind. (Analysts’ price target is $14.32)
BUY
Has been building a base. Thinks commodities will be sucked up with any rally of gold or crude. He’s a buyer and a holder here.
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