Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

11.64
0.31 (2.74%)
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
More at Wikipedia

Analysis and Opinions about FCX-N

Signal
Opinion
Expert
TOP PICK
TOP PICK
April 15, 2019
Focused on copper, molly and gold, it has really been moving up. There is no new copper coming on-stream, making a really good tail wind. (Analysts’ price target is $14.32)
Focused on copper, molly and gold, it has really been moving up. There is no new copper coming on-stream, making a really good tail wind. (Analysts’ price target is $14.32)
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$13.690
Owned
No
BUY
BUY
November 16, 2018
Has been building a base. Thinks commodities will be sucked up with any rally of gold or crude. He’s a buyer and a holder here.
Has been building a base. Thinks commodities will be sucked up with any rally of gold or crude. He’s a buyer and a holder here.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$11.960
Owned
Yes
COMMENT
COMMENT
November 7, 2017

Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$14.550
Owned
Unknown
HOLD
HOLD
November 6, 2017

Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

John Zechner
Chairman, J. Zechner & Assoc
Price
$14.640
Owned
Unknown
HOLD
HOLD
October 16, 2017

It is a consolidating stock since mid-2015. There is technical resistance about $16. It keeps repeating this. If it could break this it would be quite bullish. Until then it is moving sideways.

It is a consolidating stock since mid-2015. There is technical resistance about $16. It keeps repeating this. If it could break this it would be quite bullish. Until then it is moving sideways.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$15.270
Owned
Unknown
DON'T BUY
DON'T BUY
May 16, 2017

When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.

When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$11.770
Owned
No
PAST TOP PICK
PAST TOP PICK
February 13, 2017

(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.

(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.

John Zechner
Chairman, J. Zechner & Assoc
Price
$15.960
Owned
No
BUY
BUY
January 3, 2017

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$13.780
Owned
Unknown
DON'T BUY
DON'T BUY
August 25, 2016

This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.

This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$11.090
Owned
Unknown
SELL
SELL
July 26, 2016

Short or Buy? This has gone from mid-$50 to below $10. The recent rally to $12.57 may seem impressive, but looking at a 5-year chart, this is still in a major downtrend. Commodities have just finished a major cycle, and going by past history, it takes 3, 5, or even 7 years for big commodity cycles to recover and go back up. He would not hold this one.

Short or Buy? This has gone from mid-$50 to below $10. The recent rally to $12.57 may seem impressive, but looking at a 5-year chart, this is still in a major downtrend. Commodities have just finished a major cycle, and going by past history, it takes 3, 5, or even 7 years for big commodity cycles to recover and go back up. He would not hold this one.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$12.680
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 23, 2016

This had a massive write off. In Canada, material stocks have not written off their balance sheets, and he doesn’t know why. His model price is $10.54, but he would wait for a pullback to around $4.

This had a massive write off. In Canada, material stocks have not written off their balance sheets, and he doesn’t know why. His model price is $10.54, but he would wait for a pullback to around $4.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$11.770
Owned
Unknown
DON'T BUY
DON'T BUY
May 3, 2016

This is a materials company, mostly in copper and some in gold. The issue he has is its debt, and how much of an issue that puts them in if we start to see some failure on the commodity side.

This is a materials company, mostly in copper and some in gold. The issue he has is its debt, and how much of an issue that puts them in if we start to see some failure on the commodity side.

Gordon Reid
President, GoodReid Investment Counsel
Price
$12.010
Owned
No
TOP PICK
TOP PICK
February 16, 2016

This is a basket case and has been a disaster. They bought $20 billion of oil/gas assets right at the peak of the market. They levered up the balance sheet and the stock dropped 90% over a period of basically 4 years. Recently got re-permitted in Indonesia. Just sold off some of their copper assets. He could see this trading up around $10-$12 without much difficulty.

This is a basket case and has been a disaster. They bought $20 billion of oil/gas assets right at the peak of the market. They levered up the balance sheet and the stock dropped 90% over a period of basically 4 years. Recently got re-permitted in Indonesia. Just sold off some of their copper assets. He could see this trading up around $10-$12 without much difficulty.

John Zechner
Chairman, J. Zechner & Assoc
Price
$6.370
Owned
Yes
DON'T BUY
DON'T BUY
January 11, 2016

They have diversified out of just copper. He does not know where the bottom is for this stock.

They have diversified out of just copper. He does not know where the bottom is for this stock.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$4.310
Owned
Unknown
DON'T BUY
DON'T BUY
October 29, 2015

He does not think the dividend is safe. It comes down to what you think is going to happen in China. He feels they will continue to slow.

He does not think the dividend is safe. It comes down to what you think is going to happen in China. He feels they will continue to slow.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$11.630
Owned
Unknown
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