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Freeport McMoran Copper & Gold (FCX-N)
156 watching
NYSE:FCX
44.82
0.63
(1.39%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:03 pm
0
BUY
Tied to economy. If we go into a deep recession, copper prices are bound to fall, so FCX will fall. However, modest recession or none at all, and China reopens, lots of promise for copper. Secular tailwinds for copper: electrification, green energy, tight supply right now. Fantastic financial shape. Very positive. Even if a recession, that will pass, and there will be a new spring for copper.
non-base metal mining
$44.735
Owned
DON'T BUY
Recommends caution on the stock.
Not sure copper demand will increase.
Would prefer more diversified mining companies.
non-base metal mining
PAST TOP PICK
(A Top Pick Jun 14/22, Up 5.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. To remain disciplined, we recommend trailing up the stop-loss (from $24) to $33 at this time.
non-base metal mining
WAIT
So many demands for copper. Likes it. Heading into a recession, be cautious. Owning a deep cyclical for income is a tough proposition, get your dividend but may get hurt on share price. Try something like ENB, a more stable dividend play.
non-base metal mining
PAST TOP PICK
(A Top Pick Dec 16/21, Up 7%) Likes this on a cyclical and secular basis. EVs and renewable businesses need copper. In recent months, FCX has struggle because China has closed down, a huge customer of base metals. But China will open up. Cheap PE and strong balance sheet.
non-base metal mining
DON'T BUY
Not a believer in the story of long-term demand for copper. Model price $29.66, and it's that now. For commodity stocks to go higher, need big earnings increases. Need macro to work out.
non-base metal mining
BUY
Bought it a few weeks ago. it's enduring in a time when big shortages in copper are pressured by copper prices. Cheap valuation. Great way to play the peaking US dollar.
non-base metal mining
PAST TOP PICK
(A Top Pick Sep 17/21, Down 4%) Continues to like the company, and will hold shares.
Pure commodity play which increases risk.
Long term, is a good investment with rising copper demand.
70% of copper used today is in electrification process (cars etc.)
Last year has been hard on most sectors.
Increasing demand in China will also add to the strength of the company.
Expecting inflation to cool which will cause markets to rise again.
non-base metal mining
BUY
The risk-off market in July hit shares and commodities. China's strict lockdowns didn't help demand. FCX is a great company with lots of production going. They produced more than 1 billion pounds of copper int heir last quarter. Their operating cash flow is strong, $10 billion of EBITDA in a quarter even at current copper prices. Copper has a lot of opportunities; 70% of it is used in EVs and green energy.
non-base metal mining
BUY
He doesn't own it but there is a good opportunity here since it is unlikely that a deep recession is coming. The mining sector is cheap.
non-base metal mining
WATCH
It reports Thursday. Plastics and copper are directly tied to economic growth. Listen to the quarterly call for their progress to gain clues about the economy.
non-base metal mining
HOLD
He continues to like it, though all commodities are suffering now, from oil to metals, as the market fears a recession. Hang on. There's sunshine on the other side of a recession if one happens.
non-base metal mining
SELL
Commodities are trades. Things are bouncing around right now. Cyclicality makes it hard to invest long term. Ask yourself if you want to own a resource stock in the next 6 months. Look at the high-yield royalty companies instead of pure oil & gas.
non-base metal mining
WATCH
Their Indonesian copper/gold mine is one of the best ever found. It's a quality play. Sector risks include mines getting confiscated by governments and nationalized. Copper has a great future with electrification coming and there are few copper mines in the world. Caveat: copper stocks are declining now, so wait and see how copper goes short term.
non-base metal mining
BUY
Allan Tong’s Discover Picks FCX is the copper name for many wealth managers turn to who applaud the company’s robust balance sheet, share buybacks, steady 1.42% dividend yield and recent strong recent quarter. In the first three months of this year, FCX shares jumped 19%, the surrendered those gains in April, a victim of that month’s panic selling but also the company’s own strong quarter. FCX beat the street’s top and bottom lines for Q1 2022, but management slightly reduced the outlook for copper sales from 4.3 (2022) and 4.5 (2023) billion pounds as announced in Q4 2021 to 4.25 billion and 4.45 billion respectively. The street reacted harshly and the spring sell-off was overdone. Read 3 rock stars of the mineral stocks for our full analysis.
non-base metal mining
Freeport McMoran Copper & Gold(FCX-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 17
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 21
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, 21 stock analysts published opinions about FCX-N. 17 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?
21 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 2023-01-27, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $44.82.
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