Freeport McMoran Copper & Gold (FCX-N)
150 watching
NYSE:FCX
26.50
0.18
(0.67%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Sep 26, 2022, 8:03 pm
0
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
$32.205
Owned
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
TOP PICK
Stockchase Research Editor: Michael O'Reilly With strong commodity holdings in gold, silver even oil and gas, we recommend FCX as a TOP PICK. Analysts feel the company is well positioned for a period of stagflation (inflation coupled with stagnant economic growth). Cash reserves are building aggressively with higher commodity values and the company has been buying back shares and retiring debt. We recommend a stop loss at $24, looking achieve $50 -- upside potential over 35%. Yield 0.75% (Analysts’ price target is $49.82)
non-base metal mining
STRONG BUY
Highly bullish on it. Strong long-term, secular demand for copper for electrification. Doing well cyclically, healthy price of copper. A money machine with current price of copper. Impeccable balance sheet. Should see it increase dividend and buy back shares.
non-base metal mining
PAST TOP PICK
(A Top Pick Dec 02/21, Up 8.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX has triggered its stop at $40. To remain disciplined we recommend covering the position at this time. This results in a net investment gain of 10%, when combined with our previous buy recommendation.
non-base metal mining
COMMENT
His choice in the copper space. But it's a difficult market, extremely nervous that the US Fed will force that economy into recession. Companies like FCX rely on strong global growth and a Fed move could see FCX retrench. Also, FCX relies on demand from China, which is locking down in some parts to battle Covid. Long term, this is a great company. A few weeks ago they reported a strong quarter, net debt of $1.3 billion and return 50% of free cash flow to shareholders (buybacks and dividends). They remain profitable. Be patient with it, though.
non-base metal mining
PAST TOP PICK
(A Top Pick Apr 13/21, Up 44.57%) Directly related to copper prices. Copper is both a cyclical and secular beneficiary. 70% of copper usage today is devoted to creating electricity. Be careful of your timing on this one. More room to run, a great hold.
non-base metal mining
PAST TOP PICK
(A Top Pick Dec 02/21, Up 35.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. We now recommend trailing up the stop (from $37) to $40.
non-base metal mining
COMMENT
Commodity prices have climbed, partially due to the Russian war. This stock is not overvalued. He expects continued strength in copper prices, even beyond that war, because of demand for EVs. Share price is now slightly high.
non-base metal mining
Freeport McMoran Copper & Gold(FCX-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 18
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
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. 18 analysts recommended to BUY the stock. 2 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 2022-09-26, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $26.5.
