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

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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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.

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.

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Freeport McMoran Copper & Gold (FCX)