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Investor Insights

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

The experts have mixed opinions regarding Freeport McMoran Copper & Gold stock. Some believe in its potential due to the rising demand for copper and limited supply, as well as its relevance in the de-carbonization cycle and EV market. Others are concerned about the economic slowdown and uncertain geopolitical factors. Overall, the stock seems to be a polarizing one, with varying perspectives on its future performance.

Consensus
Mixed
Valuation
Fair Value
BUY ON WEAKNESS

Copper supply is tight. Each 10-cent/pound rise in price means $200 million in cash flow. Expects great cash flow. Shares always fall before a quarter, so it's an opportunity now. China stimulus could be a big boost to sales.

non-base metal mining
BUY

She bought more. FCS is the poster child of China, of which she is suddenly bullish because of their stimulus news. Net cash costs are falling and it trades at 6.9x EBITDA vs. 9.2x 5-year average. 

non-base metal mining
WAIT

Can't have a view on this name without having a view on copper. Emerging view that historical cyclicality of copper may be dampened going forward by secular demand of greening the grid and EVs. But the cyclicality is still there. Global GDP growth is slowing, China's economy remains anemic underlying all the "stimulus".

There will be a time to get behind this name, but not right now. FCX would be his #1 choice, TECK.B #2.

non-base metal mining
BUY ON WEAKNESS

For it to jump to $55, sentiment in China needs to change first. Now is a good entry point though. Copper will go into everything, many products, so it's good long term.

non-base metal mining
TOP PICK

Long term holding. Control and produce ~8% of world copper production. Expecting higher demand of copper with greening/electrification of economy. Would not be surprised in 2x demand of copper. Excellent balance sheet with strong revenue stream. Every 10 cent move in price of copper equates to ~400MM in cash flow. 

non-base metal mining
BUY ON WEAKNESS

They're in EVs, which are really slowing, and in data centres also slowing. No, copper is not in a super-cycle. Don't touch this until it breaks $38.

non-base metal mining
BUY ON WEAKNESS

Commodities have been pulverized, so it's a good time to buy,

non-base metal mining
TRADE

She added more last week at $45. It now has strong support. She sold the January $50 calls. She got $3, so in under 5 months she'll get a 6.5% yield in call premium plus 11.5% upside from her $45.

non-base metal mining
BUY

We went through a bear market in commodities from 2011 - 2021. Produces copper and gold. Invested a lot of $$ in its biggest mine. Longer term, whether looking at gold or copper prices, they're going higher. Generating a lot of cash, committed to returning it to shareholders.

People look at this as a cyclical business, and it is, but when the cycle gets going it can go for a long time.

non-base metal mining
COMMENT

The caller wanted a comparison of the two companies, BHP and FCX. BHP is in a tight trading range with a lot of trading. He doesn't see much upside and there are others to buy. FCX has more copper, and copper is a good story It could be a good buying opportunity but sell if it goes below $44.

non-base metal mining
SELL

He sold this recently. Speculators drive commodity prices, so when that rips higher, he sells. Also, China has stockpiles of copper (so that impacts demand for FCX), and the EV craze has died down. Copper remains a good asset to own, but doesn't see stock performance.

non-base metal mining
WATCH

They're focused on their growth projects in Arizona and Indonesia, and are not focused on M&A, despite talk of the M&A cycle in materials heating up. This is driven by copper prices, but FCX is worth watching.

non-base metal mining
PAST TOP PICK
(A Top Pick Jun 09/23, Up 31%)

A long-term way to participate in an area that will continue to enjoy demand, given EVs, data centres and infrastructure--they all need copper which is in limited supply. FCX is tied to copper prices, which have declined in the past month. Now, is a buying opportunity.

non-base metal mining
TOP PICK

Very large copper producer. Largest risk is execution - which company has demonstrated ability at. Growth in mines continues to grow. Cash expenses have fallen - good for profits. Existing mines don't have ask much risk as greenfield projects. Also get exposure to gold prices. 

non-base metal mining
BUY

Would recommend buying. Stock heading into the $60 range. 

non-base metal mining
Showing 1 to 15 of 211 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 17

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, 17 stock analysts published opinions about FCX-N. 14 analysts recommended to BUY the stock. 2 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?

17 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 2024-11-04, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $46.28.