Buy, Sell or Hold: Freeport McMoran Copper & Gold (FCX-N)

NYSE:FCX

38.35

2.04 (5.62%) 1d

Showing 1 to 15 of 151 entries

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PAST 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.

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.

non-base metal mining

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PAST TOP PICK

(A Top Pick Dec 02/21, Up 35.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. We now recommend trailing up the stop (from $37) to $40.

non-base metal mining

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.

non-base metal mining

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.

non-base metal mining

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.

non-base metal mining

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.

non-base metal mining

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.

non-base metal mining

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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.

non-base metal mining

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.

non-base metal mining

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.

non-base metal mining

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)

non-base metal mining

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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)

non-base metal mining

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.

non-base metal mining

Showing 1 to 15 of 151 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 20

Stockchase rating for Freeport McMoran Copper & Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Freeport McMoran Copper & Gold(FCX-N) Frequently Asked Questions

What is Freeport McMoran Copper & Gold stock symbol?

Freeport McMoran Copper & Gold is a American stock, trading under the symbol FCX-N on the New York Stock Exchange (FCX). It is usually referred to as NYSE:FCX or FCX-N

Is Freeport McMoran Copper & Gold a buy or a sell?

In the last year, 20 stock analysts published opinions about FCX-N. 16 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Freeport McMoran Copper & Gold.

Is Freeport McMoran Copper & Gold a good investment or a top pick?

Freeport McMoran Copper & Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Freeport McMoran Copper & Gold.

Why is Freeport McMoran Copper & Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Freeport McMoran Copper & Gold worth watching?

20 stock analysts on Stockchase covered Freeport McMoran Copper & Gold In the last year. It is a trending stock that is worth watching.

What is Freeport McMoran Copper & Gold stock price?

On 2022-05-23, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $38.35.

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