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Investor Insights

This summary was created by AI, based on 20 opinions in the last 12 months.

Most experts believe that Freeport McMoran Copper & Gold is well-positioned due to the increasing demand for copper in the de-carbonization cycle and EVs. They have a strong balance sheet and are expected to see growth in EPS. However, there are concerns about geopolitical risks and the current state of the global economy. Overall, the stock is seen as volatile but with potential for long-term growth.

Consensus
Bullish
Valuation
Undervalued
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SouthernCopper, SCCO-N
TOP PICK

Copper supply's very challenged. Copper is needed for this de-carbonization cycle. Could be a takeover target. Beat on Q4. Guidance was in line. World's largest pure-copper miner. He models 24% EPS growth, trading at 19x, strong balance sheet. Yield is 1.6%.

(Analysts’ price target is $46.46)
non-base metal mining
TOP PICK

Copper supplies are really challenged. Copper is needed for the next 20-year cycle of de-carbonization. As big as it is, could be a takeover target. Beat on Q3, left 3-year guidance unchanged. Moderating costs. Good balance sheet. Trading 18x, he models 22% growth. On PEG, works well. Yield is 1.5%.

(Analysts’ price target is $45.29)
non-base metal mining
BUY

Likes it for the infrastructure build-out. Costs are falling while supply-demand is tight. 

non-base metal mining
RISKY

Geopolitical concerns a worry for this business. Country risk must be taken into account. However, assets are valuable. If looking for copper exposure, could be a good option. Investors must weigh risk vs. reward. Good business model with significant free cash flow. Copper also a cyclical business. 

non-base metal mining
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

FCX is down 12% this year, as investors adjust to a possible recession, high rates, a strong US dollar and a slowdown in China. 3Q earnings were good, but Indonesia's shifting regulatory issues are causing concerns. N. American production will need to improve it is to meet its production goals this year. Its peers have been weak, but it is more expensive than many at 21X earnings. We still consider it a very good stock for copper exposure. 
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non-base metal mining
DON'T BUY

He used to own this. Copper prices are in a sideways trend, going nowhere.

non-base metal mining
SELL

He just sold it, because he expects a recession and not a soft landing. Copper prices were falling until this week, due to weakening demand despite the need for copper in EVs. FCX was always a trading stock.

non-base metal mining
BUY

Copper is trending up and he expects a new stage of growth due to EVs.

non-base metal mining
DON'T BUY

A polarizing stock, because they mine copper. Bulls says this is the battery metal of the future that'll help green the grid. True. Bears say copper is tied to the economic cycle, which is slowing now. In fact, manufacturing has been slowing for 8 months. They had good mines in the US and Indonesia and have scale. He doesn't want copper now.

non-base metal mining
WEAK BUY

Likes the materials space, an early-cycle winner. Chart in a sideways pattern, but metrics look decent.

non-base metal mining
BUY

He's in base metals, a timely play. Big US player. His play to get copper exposure. The story is really all about China, whether they come back, and how fast. 

non-base metal mining
TOP PICK

Copper production company - one of the largest in world (~8% of world production).
Reserves of over 100 billion.
Copper demand rising with electric vehicles etc.
Excellent company with strong management.
Strong balance sheet and business fundamentals.
Expecting copper prices to rise.
Current share price presenting a good time to buy. 

non-base metal mining
HOLD

Her time horizon is long, as much as 10 years.. Copper prices may be weak now, but EVs will continue to drive demand. Also, after 2023, there are almost no copper mines coming online. She's happy to hold this for 5 years.

non-base metal mining
SELL

He just sold it because revenue growth has plunged, down 15% last quarter and 8% the last 12 months. Copper is touching the lowest price of the year.

non-base metal mining
BUY

Up 41% vs. copper's 18% in the past 6 months. They just reported a beat, but the share price has gotten ahead of itself. She will hold this growth stock forever. As we make more EV's they will need copper. Unbelievable demand for the very long term.

non-base metal mining
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Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 18

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, 18 stock analysts published opinions about FCX-N. 11 analysts recommended to BUY the stock. 5 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?

18 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 2024-02-21, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $38.845.