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Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

36.68
0.33 (0.91%)
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
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Analysis and Opinions about FCX-N

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
July 27, 2021
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)
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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
SELL
June 28, 2021
He would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.
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He would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.
Lorne Steinberg
Price
$36.740
Owned
Unknown
BUY
BUY
June 15, 2021

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.

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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.

Gordon Reid
Price
$37.395
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
May 19, 2021
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.
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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.
Stan Wong
Price
$40.320
Owned
Yes
DON'T BUY
DON'T BUY
May 5, 2021
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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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.
Brooke Thackray
Price
$41.565
Owned
Unknown
BUY
BUY
April 26, 2021

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).

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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).

Jamie Murray
Price
$39.050
Owned
Unknown
DON'T BUY
DON'T BUY
April 23, 2021

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.

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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.

Darren Sissons
Price
$36.340
Owned
Unknown
TOP PICK
TOP PICK
April 22, 2021
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)
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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)
David Burrows
Price
$35.210
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
April 14, 2021

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.

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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.

Jim Cramer - Mad Money
Price
$36.310
Owned
Unknown
TOP PICK
TOP PICK
April 13, 2021
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)
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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)
Gordon Reid
Price
$33.650
Owned
Yes
BUY
BUY
March 19, 2021
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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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.
Gordon Reid
Price
$34.990
Owned
Yes
BUY
BUY
March 11, 2021

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.

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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.

David Burrows
Price
$37.030
Owned
Yes
BUY
BUY
February 23, 2021
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.
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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.
Robert Lauzon
Price
$36.780
Owned
Unknown
HOLD
HOLD
December 18, 2020
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.
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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.
Jim Cramer - Mad Money
Price
$24.630
Owned
Unknown
TOP PICK
TOP PICK
December 3, 2020

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)

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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)

David Burrows
Price
$24.415
Owned
Yes
Showing 1 to 15 of 128 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 12

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, 12 stock analysts published opinions about FCX-N. 8 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 The Panic-Proof Portfolio (Stockchase Research) on 2021-07-27. 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?

12 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 2021-07-28, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $36.68.