NYSE:FCX

Freeport McMoran Copper & Gold (FCX-N)

44.89
+0.31 (0.70%)
as of Jul 25, 2025, 8:00:00 pm Market Open.
229 watching
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This summary was created by AI, based on 26 opinions in the last 12 months.

Freeport McMoRan Copper & Gold (FCX) presents a mixed picture among analysts and investors. While many acknowledge the long-term potential of copper demand driven by electrification, green technology, and infrastructure needs, concerns about short-term challenges remain, particularly related to China's economy and trade tariffs. Several analysts see current levels as a good entry point due to copper's cyclical nature and expected price recoveries. However, there's apprehension regarding execution risks and dependence on China, leading some to regard this stock as suitable for short-term trading rather than long-term hold. Overall, there are signs of potential upside, but caution is advised due to economic uncertainties.

Consensus
Mixed
Valuation
Undervalued

Most recent Opinions go here

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HOLD

Q2 beat. She's still bullish on gold and copper. More cyclical than large-cap tech or utilities. Strong US operations. A bit volatile for her, but still some upside of about 8% to price target from here.

COMMENT

If copper stays above $5, FCX will see $9 billion in free cash flow. Shares are not cheap at 20x PE, but earnings growth is a huge 20-40%. Fundamentally, shares should be much higher.

TRADE

It has a hard time breaking $45-46. It's now at the upper end of its trading range, so sell calls. Just reported nice numbers.

BUY

If copper stays at $5, they should produce $9 billion in free cash flow or 15% free cash flow yield.

BUY

Obvious way to play the copper sector. Copper and gold. Significant breakout in the price of copper. Great dividend growth stock over time. Big cash generator.

PAST TOP PICK
(A Top Pick May 17/24, Down 17%)

Copper stocks are very volatile. He uses stop losses on all positions, so ended up coming out of this one. Re-entered about 2 months ago. Should generate a lot of cash longer term. Significant dividend grower. Should actually benefit from tariffs.

TOP PICK

Taken a big hit. Divergence between copper prices and company's performance. Generational opportunity to buy a company like this. Secularly, we're using more and more copper for electrification. Analysts see 7-8% compound  growth rate in copper usage over next 10 years. Yield is 2.01%.

The negative is that 50% of copper is used by China. If tariffs don't get sorted out, something's gotta give. It's not easy to bring mines on quickly. Good risk/reward at current levels.

(Analysts’ price target is $46.78)
DON'T BUY

It's fallen off a cliff since tariffs. Watch FCX as an economic indicator, but would not buy this. At best, this is a short-term trade, but he's a long-term investor.

PAST TOP PICK
(A Top Pick Mar 13/24, Down 7%)

China's comeback didn't happen in the past year while EV adoption has slowed, but will still happen. The copper spot price is up 25% this quarter. So, FCX will have a great quarter, given their link to that price, but the market won't anticipate that due to fear of tariffs and the impact on copper prices. Will copper be a protected mineral? Tariffs on foreign/Chinese copper? Don't know yet, but long term the secular tailwinds are intact. Copper usage will double over 7 years.

PAST TOP PICK
(A Top Pick Feb 08/24, Up 3%)

Bought, in part, on prospects of a greener world. Came down on weaker China and on the (much less green) Trump victory. Didn't execute as well in Q4, softer sales, higher capex. Copper's a good long-term bet. Trades at 15x with 19% growth.

Still likes it. USA really needs to grow its way out of this deficit.

PAST TOP PICK
(A Top Pick Mar 13/24, Down 16%)

A cyclical, and last year was poor for them all due to China's weakness. Deferral of EV adoption. Have to be patient. Story is still intact. Copper demand still rising at 2-3x what GDP is growing at, and supply is finite.

PAST TOP PICK
(A Top Pick Jan 04/24, Down 9%)

Worked for much of the year, then disappointing. He trimmed some. Thought China would do a bit better. Thought there'd be a green agenda, but now there's Trump. Earnings this morning seem weaker at first glance. Very whippy. Should be higher due to the AI buildout. Traded at a wide price to NAV, a risk if copper didn't do well or execution was poor.

You don't need to own this one forever.

DON'T BUY

If you look at the quality assets, you'd say own it. But copper's located in a lot of countries you don't want to be in. Just told by Indonesia that it wants more from mines than previously agreed. He owns HBM.

TOP PICK

It's oversold and finding support near current levels; it seems to be bouncing. This is why he just bought a position. Old support from 2023 was $33. If shares don't hold currently, this could fall to $35. Is currently bouncing and heading to resistance at $45, or 15% higher. The risk/reward looks good. He bought one tranche and will buy more if shares move up.

(Analysts’ price target is $52.24)
BUY ON WEAKNESS

If sentiment changes in China, this will move up sharply. As a cyclical, you can enter this stock at this point now. He likes FCX, which controls 8% of global copper production. Well-managed. The long-term secular story for copper is very strong--used in data centres, EVs, green energy. 

Showing 1 to 15 of 226 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Star iconStar iconStar iconStar iconStar icon

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 2025-07-25, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $44.89.