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

NYSE:FCX

38.76

0.22 (0.57%) 1d

Showing 1 to 15 of 133 entries

BUY

Commodities are more volatile, correcting since May. World is in a copper deficit, and FCX is the one you want to own. If it were to break $31, he'd be forced to the sidelines. Other risk-oriented sectors have been gaining ground, so we should see a reacceleration of the base materials and end the year pretty well.

non-base metal mining

TOP PICK

A company they are excited about. The largest copper miner in the world. Now at 100% production capacity in their Indonesian mine. Copper prices have been firm, and at this level of copper prices, they produce $15B EBITDA. Enterprise value is under $60B. Extremely attractive. Every 10 cent change in copper price, they make $400M of cashflow. The application of copper is exciting. There is cyclical and secular elements that will push copper demand. (Analysts’ price target is $42.59)

non-base metal mining

BUY

A cyclical that'll benefit from an inflationary economy that'll extend longer. Good balance sheet. Had a recent pullback with all the cyclical stocks, but these stocks will do well. Good metrics: 27x ROI and 8x EBITDA. A solid balance sheet. A safe dividend at a low payout ratio.

non-base metal mining

HOLD

Great way to have exposure to copper and gold. Long-life assets, well operated. Stock's around the 200-day MA. Important to see it hold above $31. Over time, will likely grow its dividend. The VTV, dominated by economically sensitive stocks, made a new high 3 days ago. These are holding in better than secular growth areas like tech. If it holds, one to add to.

non-base metal mining

BUY

A well-positioned investment in the deep commodity space. A cyclical investment, as well as a secular change. Produces copper, 70% is used in electrification such as alternative sources of energy or cars. Strong case for long-term increase in demand for copper. Excellent investment here.

non-base metal mining

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TOP PICK

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)

non-base metal mining

SELL

He would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.

non-base metal mining

BUY

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.

non-base metal mining

BUY on WEAKNESS

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.

non-base metal mining

DON'T BUY

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.

non-base metal mining

BUY

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).

non-base metal mining

DON'T BUY

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.

non-base metal mining

TOP PICK

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)

non-base metal mining

BUY on WEAKNESS

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.

non-base metal mining

TOP PICK

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)

non-base metal mining

Showing 1 to 15 of 133 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 15

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, 15 stock analysts published opinions about FCX-N. 10 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?

15 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 2021-10-19, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $38.76.

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