Related posts

TSX tops 24,000TSX and oil climb, Wall Street pausesNetflix leads Wall Street higher
Investor Insights

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.

Consensus
Bullish
Valuation
Undervalued
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. 

BUY ON WEAKNESS

Copper supply is tight. Each 10-cent/pound rise in price means $200 million in cash flow. Expects great cash flow. Shares always fall before a quarter, so it's an opportunity now. China stimulus could be a big boost to sales.

BUY

She bought more. FCS is the poster child of China, of which she is suddenly bullish because of their stimulus news. Net cash costs are falling and it trades at 6.9x EBITDA vs. 9.2x 5-year average. 

WAIT

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.

BUY ON WEAKNESS

For it to jump to $55, sentiment in China needs to change first. Now is a good entry point though. Copper will go into everything, many products, so it's good long term.

TOP PICK

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. 

BUY ON WEAKNESS

They're in EVs, which are really slowing, and in data centres also slowing. No, copper is not in a super-cycle. Don't touch this until it breaks $38.

BUY ON WEAKNESS

Commodities have been pulverized, so it's a good time to buy,

TRADE

She added more last week at $45. It now has strong support. She sold the January $50 calls. She got $3, so in under 5 months she'll get a 6.5% yield in call premium plus 11.5% upside from her $45.

Showing 1 to 15 of 218 entries

Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 16

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 33

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, 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.

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?

33 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 2025-04-01, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $38.13.