Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

16.87
0.85 (4.80%)
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
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Analysis and Opinions about FCX-N

Signal
Opinion
Expert
BUY
BUY
September 18, 2020
FCX a copper and gold miner that's been lost for the past decade. Since May, the chart has Seen a solid rise. FCX's tailwind is China which is buying its minerals. FCX is up 29% YTD. Also, there are few publicly traded copper companies, so it's another tailwind. It's been a dog for so long, that investors have ignored FCX. Because interest rates are so low, their debt isn't as much as a problem now. FCX is a safer bet than the megacap cap tech stocks.
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FCX a copper and gold miner that's been lost for the past decade. Since May, the chart has Seen a solid rise. FCX's tailwind is China which is buying its minerals. FCX is up 29% YTD. Also, there are few publicly traded copper companies, so it's another tailwind. It's been a dog for so long, that investors have ignored FCX. Because interest rates are so low, their debt isn't as much as a problem now. FCX is a safer bet than the megacap cap tech stocks.
BUY
BUY
February 24, 2020
It's below its 200-day moving average and has returned to its January lows. In October 2019, it fell to $8.50, which we don't need to revisit. If it closed below $10.91, then something is going on and it's likely it'll return to $8.50. Now, it looks pretty good. Watch to see it can stay above $10.91. With today's sell-off, FCX's risk/reward looks better.
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It's below its 200-day moving average and has returned to its January lows. In October 2019, it fell to $8.50, which we don't need to revisit. If it closed below $10.91, then something is going on and it's likely it'll return to $8.50. Now, it looks pretty good. Watch to see it can stay above $10.91. With today's sell-off, FCX's risk/reward looks better.
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)
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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)
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.
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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.
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.

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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.

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.

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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.

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.

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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.

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”.

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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”.

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.

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(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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

Showing 1 to 15 of 113 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

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, 2 stock analysts published opinions about FCX-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Jim Cramer - Mad Money on 2020-09-18. 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?

2 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 2020-10-28, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $16.87.