This summary was created by AI, based on 27 opinions in the last 12 months.
Freeport McMoran Copper & Gold (FCX) has garnered mixed opinions among analysts, reflecting the complexities of the copper market amid global economic challenges. The company's strong linkage to copper prices is emphasized, with many analysts expecting a future increase in demand driven by sectors like electric vehicles (EVs) and infrastructure development. Despite the current pressures from China's economic performance and potential tariffs, the long-term prospects for copper remain promising, with forecasts suggesting a significant increase in global copper usage. Some experts note that FCX should be viewed as a cyclical investment with inherent risks, particularly regarding execution and geopolitical factors. Nonetheless, many analysts see current price levels as a potential buying opportunity, particularly if the sentiment in China improves and cash flow from copper remains strong.
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.
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.
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)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.
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.
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
In the last year, 33 stock analysts published opinions about FCX-N. 16 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Freeport McMoran Copper & Gold.
Freeport McMoran Copper & Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Freeport McMoran Copper & Gold.
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.
33 stock analysts on Stockchase covered Freeport McMoran Copper & Gold In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $38.13.
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.