Freeport McMoran Copper & Gold (FCX-N) Stock Predictions - Stockchase
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Freeport McMoran Copper & Gold (FCX-N)

ON STOCKCHASE SINCE Oct 2003

Copper and gold mining in Indonesia.

non-base metal mining

Freeport McMoran Copper &...

FCX-N

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Freeport McMoran Copper & Gold (FCX-N) SAVE Mar, 23, 2019, 5:07 am

12.18 0.74 (5.73%)

About Freeport McMoran Copper & Gold (FCX-N)

Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. More at Wikipedia

What the experts are saying about FCX-N



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Signal Opinion Expert
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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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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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$11.960
Owned Owned
Yes

COMMENT

Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

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Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

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Cameron Hurst

Chief Inve, Equium Capital Manag...

Price Price
$14.550
Owned Owned
Unknown

HOLD

Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

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Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$14.640
Owned Owned
Unknown

HOLD

It is a consolidating stock since mid-2015.  There is technical resistance about $16.  It keeps repeating this.  If it could break this it would be quite bullish.  Until then it is moving sideways.

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It is a consolidating stock since mid-2015.  There is technical resistance about $16.  It keeps repeating this.  If it could break this it would be quite bullish.  Until then it is moving sideways.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$15.270
Owned Owned
Unknown

DON'T BUY

When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.

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When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$11.770
Owned Owned
No

PAST TOP PICK

(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.

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(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$15.960
Owned Owned
No

BUY

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

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About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$13.780
Owned Owned
Unknown

DON'T BUY

This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.

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This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.

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David Driscoll

President , Liberty Internationa...

Price Price
$11.090
Owned Owned
Unknown

SELL

Short or Buy? This has gone from mid-$50 to below $10. The recent rally to $12.57 may seem impressive, but looking at a 5-year chart, this is still in a major downtrend. Commodities have just finished a major cycle, and going by past history, it takes 3, 5, or even 7 years for big commodity cycles to recover and go back up. He would not hold this one.

non-base metal mining
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Short or Buy? This has gone from mid-$50 to below $10. The recent rally to $12.57 may seem impressive, but looking at a 5-year chart, this is still in a major downtrend. Commodities have just finished a major cycle, and going by past history, it takes 3, 5, or even 7 years for big commodity cycles to recover and go back up. He would not hold this one.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$12.680
Owned Owned
Unknown

BUY on WEAKNESS

This had a massive write off. In Canada, material stocks have not written off their balance sheets, and he doesn’t know why. His model price is $10.54, but he would wait for a pullback to around $4.

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This had a massive write off. In Canada, material stocks have not written off their balance sheets, and he doesn’t know why. His model price is $10.54, but he would wait for a pullback to around $4.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$11.770
Owned Owned
Unknown

DON'T BUY

This is a materials company, mostly in copper and some in gold. The issue he has is its debt, and how much of an issue that puts them in if we start to see some failure on the commodity side.

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This is a materials company, mostly in copper and some in gold. The issue he has is its debt, and how much of an issue that puts them in if we start to see some failure on the commodity side.

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Gordon Reid

President, GoodReid Investment ...

Price Price
$12.010
Owned Owned
No

TOP PICK

This is a basket case and has been a disaster. They bought $20 billion of oil/gas assets right at the peak of the market. They levered up the balance sheet and the stock dropped 90% over a period of basically 4 years. Recently got re-permitted in Indonesia. Just sold off some of their copper assets. He could see this trading up around $10-$12 without much difficulty.

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This is a basket case and has been a disaster. They bought $20 billion of oil/gas assets right at the peak of the market. They levered up the balance sheet and the stock dropped 90% over a period of basically 4 years. Recently got re-permitted in Indonesia. Just sold off some of their copper assets. He could see this trading up around $10-$12 without much difficulty.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$6.370
Owned Owned
Yes

DON'T BUY

They have diversified out of just copper.  He does not know where the bottom is for this stock.

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They have diversified out of just copper.  He does not know where the bottom is for this stock.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$4.310
Owned Owned
Unknown

DON'T BUY

He does not think the dividend is safe.  It comes down to what you think is going to happen in China.  He feels they will continue to slow.

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He does not think the dividend is safe.  It comes down to what you think is going to happen in China.  He feels they will continue to slow.

non-base metal mining
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$11.630
Owned Owned
Unknown

COMMENT

It is amazing how this has fallen. The one lesson you are constantly taught in this business is that you have to think outside of the box. This is heavily leveraged to the commodity complex, particularly copper and gold. It is a fairly leveraged company, and for that reason free cash just disappears when commodity prices fall. He would prefer Rio Tinto (RIO-N) if he were to go into this area. It has a better profile from a balance sheet standpoint.

non-base metal mining
0 0 0 0 0
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It is amazing how this has fallen. The one lesson you are constantly taught in this business is that you have to think outside of the box. This is heavily leveraged to the commodity complex, particularly copper and gold. It is a fairly leveraged company, and for that reason free cash just disappears when commodity prices fall. He would prefer Rio Tinto (RIO-N) if he were to go into this area. It has a better profile from a balance sheet standpoint.

non-base metal mining
0 0 0 0 0
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Gordon Reid

President, GoodReid Investment ...

Price Price
$7.920
Owned Owned
No

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