NYSE:FCX
36.68
0.33
(0.91%)
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
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TOP PICK
TOP PICK
July 27, 2021
Stockchase Research Editor: Michael O'Reilly FCX is the world's largest producer of copper. Inflation is likely to be driven by rising commodity prices as the global economy restarts post-pandemic. This is a good inflation protection vehicle. Recently reported earnings of $0.77 EPS came in just above analyst expectations of $0.76. It trades at 19x earnings compared to peers at 24x. As copper prices have risen over 40% over the past year, so too has the company's cash reserves -- up an estimated $4.8 billion. With earnings growth expected over 27% this year, it's PEG ratio is under 1.0. It pays a small dividend, backed by a payout ratio of under 60% of cash flow. We would buy this with a stop loss at $29, looking to achieve $44 -- upside potential over 20%. Yield 0.86% (Analysts’ price target is $43.82)
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Stockchase Research Editor: Michael O'Reilly FCX is the world's largest producer of copper. Inflation is likely to be driven by rising commodity prices as the global economy restarts post-pandemic. This is a good inflation protection vehicle. Recently reported earnings of $0.77 EPS came in just above analyst expectations of $0.76. It trades at 19x earnings compared to peers at 24x. As copper prices have risen over 40% over the past year, so too has the company's cash reserves -- up an estimated $4.8 billion. With earnings growth expected over 27% this year, it's PEG ratio is under 1.0. It pays a small dividend, backed by a payout ratio of under 60% of cash flow. We would buy this with a stop loss at $29, looking to achieve $44 -- upside potential over 20%. Yield 0.86% (Analysts’ price target is $43.82)
SELL
SELL
June 28, 2021
He would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.
Show full opinionHide full opinionHe would not be a buyer. It is still a copper focused company. It is the same price as 15 years ago.
BUY
BUY
June 15, 2021
Obviously, changes in the economy are dramatic, some caused or accelerated by the pandemic (i.e. people moving out of cities) and the green economy. 70% of copper produced will be used in electric power (and awing from fossil fuels), namely in cars. Ford, GM, Volkswagen as well as Tesla are involved. Copper's price has moved up smartly, but the stocks and this commodity have ticked down a little. He thinks this will ebb and flow. FCX is in a great position with lots of runway.
Obviously, changes in the economy are dramatic, some caused or accelerated by the pandemic (i.e. people moving out of cities) and the green economy. 70% of copper produced will be used in electric power (and awing from fossil fuels), namely in cars. Ford, GM, Volkswagen as well as Tesla are involved. Copper's price has moved up smartly, but the stocks and this commodity have ticked down a little. He thinks this will ebb and flow. FCX is in a great position with lots of runway.
BUY WEAKNESS
BUY WEAKNESS
May 19, 2021
A great name to hold with inflation, copper going higher, and the economy continuing to recover. Look at it closer to the $37-38 range, if it gets there. If you hold it, don't sell.
Show full opinionHide full opinionA great name to hold with inflation, copper going higher, and the economy continuing to recover. Look at it closer to the $37-38 range, if it gets there. If you hold it, don't sell.
DON'T BUY
DON'T BUY
May 5, 2021
Copper has been on fire. Copper tends to soften this time of year, and so will this stock as a result. Seasonality in gold might start to kick in next month. He wouldn't be jumping in.
Show full opinionHide full opinionCopper has been on fire. Copper tends to soften this time of year, and so will this stock as a result. Seasonality in gold might start to kick in next month. He wouldn't be jumping in.
BUY
BUY
April 26, 2021
One of the largest copper/gold companies in the world. They are in one of those 'stronger for longer' cycles. Electric vehicles will see more copper demand. It is safe to own in the metals and mining space. He prefers Major Drilling, however (MDI-T).
One of the largest copper/gold companies in the world. They are in one of those 'stronger for longer' cycles. Electric vehicles will see more copper demand. It is safe to own in the metals and mining space. He prefers Major Drilling, however (MDI-T).
DON'T BUY
DON'T BUY
April 23, 2021
Copper has really gotten ahead of itself. Lots of it is the recovery trade, as well as electric cars. Right now, copper stocks are too ahead and you could wait for a pull back. Smaller companies will be able to raise money but if there is a commodity price pull back, there could be back draft. Very rich.
Copper has really gotten ahead of itself. Lots of it is the recovery trade, as well as electric cars. Right now, copper stocks are too ahead and you could wait for a pull back. Smaller companies will be able to raise money but if there is a commodity price pull back, there could be back draft. Very rich.
TOP PICK
TOP PICK
April 22, 2021
Copper, gold, and other metals. Stock pulled back a bit on earnings. World has a copper deficit, with no new mines coming on. Electrification will increase demand for copper. Great economic sensitivity. Very long-life assets, with tons of leverage in their business model. Yield is 0.87%. (Analysts’ price target is $40.14)
Show full opinionHide full opinionCopper, gold, and other metals. Stock pulled back a bit on earnings. World has a copper deficit, with no new mines coming on. Electrification will increase demand for copper. Great economic sensitivity. Very long-life assets, with tons of leverage in their business model. Yield is 0.87%. (Analysts’ price target is $40.14)
BUY WEAKNESS
BUY WEAKNESS
April 14, 2021
He likes the CEO, from American Tower. The stock pays a 2.6% dividend yield and boasts a great order book. Hold or buy on dips.
He likes the CEO, from American Tower. The stock pays a 2.6% dividend yield and boasts a great order book. Hold or buy on dips.
TOP PICK
TOP PICK
April 13, 2021
Copper is showing life again at over $4/pound and will stay at high levels. A highly profitable company. Commodities have done very well in the past year. The price could rise long term. One big reason is the electrification of cars which need 2-4 times as much copper as a gas-powered car. (Analysts’ price target is $39.03)
Show full opinionHide full opinionCopper is showing life again at over $4/pound and will stay at high levels. A highly profitable company. Commodities have done very well in the past year. The price could rise long term. One big reason is the electrification of cars which need 2-4 times as much copper as a gas-powered car. (Analysts’ price target is $39.03)
BUY
BUY
March 19, 2021
Bought it a little while ago. Likes the positioning in this type of market. A pure commodity play. Primarily gold and copper. Virtually everything in commodities is pushing towards all time highs. Very sensitive to copper prices. For every 10c, FCX gets $380M of increased cashflow. If copper prices maintain over $4, it could be 4x multiple to EBITDA. Looking good for now.
Show full opinionHide full opinionBought it a little while ago. Likes the positioning in this type of market. A pure commodity play. Primarily gold and copper. Virtually everything in commodities is pushing towards all time highs. Very sensitive to copper prices. For every 10c, FCX gets $380M of increased cashflow. If copper prices maintain over $4, it could be 4x multiple to EBITDA. Looking good for now.
BUY
BUY
March 11, 2021
Commodities were in a 10-year bear market and only recently reversed. FCX has been the leader, and has just pulled back and is set for another leg up. He also owns HBM and FM. All of these will benefit, as we're in a deficit of copper and will be for quite some time. EVs use more copper than traditional vehicles. Should be core in a portfolio.
Commodities were in a 10-year bear market and only recently reversed. FCX has been the leader, and has just pulled back and is set for another leg up. He also owns HBM and FM. All of these will benefit, as we're in a deficit of copper and will be for quite some time. EVs use more copper than traditional vehicles. Should be core in a portfolio.
BUY
BUY
February 23, 2021
The go-to copper name. Institutional investors do. Mining stocks will go sideways in the short-term after their recent rally, but will rally again later this year.
Show full opinionHide full opinionThe go-to copper name. Institutional investors do. Mining stocks will go sideways in the short-term after their recent rally, but will rally again later this year.
HOLD
HOLD
December 18, 2020
It's the purest copper play in the world, and copper prices are going up. When we get vaccines, there will be a worldwide boom.
Show full opinionHide full opinionIt's the purest copper play in the world, and copper prices are going up. When we get vaccines, there will be a worldwide boom.
TOP PICK
TOP PICK
December 3, 2020
Still likes the metals. Several year cycle ahead of us. Leader in the group. They have the second largest copper mine in the world, and there will be a deficit in copper supply, with prices going higher. Also look at Rio Tinto for iron ore and BHP. No dividend. (Analysts’ price target is $22.36)
Freeport McMoran Copper & Gold(FCX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 12
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, 12 stock analysts published opinions about FCX-N. 8 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 The Panic-Proof Portfolio (Stockchase Research) on 2021-07-27. 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?
12 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 2021-07-28, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $36.68.
