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Investor Insights

This summary was created by AI, based on 20 opinions in the last 12 months.

The experts have mixed opinions regarding Freeport McMoran Copper & Gold stock. Some believe in its potential due to the rising demand for copper and limited supply, as well as its relevance in the de-carbonization cycle and EV market. Others are concerned about the economic slowdown and uncertain geopolitical factors. Overall, the stock seems to be a polarizing one, with varying perspectives on its future performance.

Fair Value

The caller wanted a comparison of the two companies, BHP and FCX. BHP is in a tight trading range with a lot of trading. He doesn't see much upside and there are others to buy. FCX has more copper, and copper is a good story It could be a good buying opportunity but sell if it goes below $44.

non-base metal mining

He sold this recently. Speculators drive commodity prices, so when that rips higher, he sells. Also, China has stockpiles of copper (so that impacts demand for FCX), and the EV craze has died down. Copper remains a good asset to own, but doesn't see stock performance.

non-base metal mining

They're focused on their growth projects in Arizona and Indonesia, and are not focused on M&A, despite talk of the M&A cycle in materials heating up. This is driven by copper prices, but FCX is worth watching.

non-base metal mining
(A Top Pick Jun 09/23, Up 31%)

A long-term way to participate in an area that will continue to enjoy demand, given EVs, data centres and infrastructure--they all need copper which is in limited supply. FCX is tied to copper prices, which have declined in the past month. Now, is a buying opportunity.

non-base metal mining

Very large copper producer. Largest risk is execution - which company has demonstrated ability at. Growth in mines continues to grow. Cash expenses have fallen - good for profits. Existing mines don't have ask much risk as greenfield projects. Also get exposure to gold prices. 

non-base metal mining

Would recommend buying. Stock heading into the $60 range. 

non-base metal mining

Copper trade has legs. Wind at its back from cyclical factors and from a secular standpoint. All the fiscal stimulus in the US is about infrastructure, and a lot of copper is needed. EVs, too, use more copper. Tons of power generation needed for AI, and copper is a key component.

Well positioned, levered to copper prices. For every 10 cent increase in price of copper, it makes $400M in cashflow. 

non-base metal mining

He doesn't like copper, because it's tied levered to China (demand), but FCX is his pick in copper.

non-base metal mining

The best way to play copper which is seeing demand going up and supplies limited.

non-base metal mining

He's selling calls on this. The volatility spike is giving him opportunities to write calls for a $57 strike two weeks out (11% annualized). 

non-base metal mining

Owns it for the copper and the gold. Setup for copper, in particular, is very bullish. We're in a new bull market for materials. New discoveries of copper almost non-existent. Big believer in companies that can set price.

non-base metal mining

Copper's popping today on news that Chinese smelters are shutting down. Wind at its back on the secular front like EVs, China will emerge from recession. Just because EV adoption is slow, doesn't mean we're not moving in that direction. One study says copper demand will rise 50% by end of decade. Well capitalized and managed. Not expensive. Yield is 1.41%.

(Analysts’ price target is $46.26)
non-base metal mining

Sold it because he doesn't want the commodity exposure and is afraid about the economy and uncertain about China. Wasn't a big position either.

non-base metal mining

Copper supply's very challenged. Copper is needed for this de-carbonization cycle. Could be a takeover target. Beat on Q4. Guidance was in line. World's largest pure-copper miner. He models 24% EPS growth, trading at 19x, strong balance sheet. Yield is 1.6%.

(Analysts’ price target is $46.46)
non-base metal mining

Copper supplies are really challenged. Copper is needed for the next 20-year cycle of de-carbonization. As big as it is, could be a takeover target. Beat on Q3, left 3-year guidance unchanged. Moderating costs. Good balance sheet. Trading 18x, he models 22% growth. On PEG, works well. Yield is 1.5%.

(Analysts’ price target is $45.29)
non-base metal mining
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Freeport McMoran Copper & Gold(FCX-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 17

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, 17 stock analysts published opinions about FCX-N. 11 analysts recommended to BUY the stock. 5 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?

17 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 2024-07-22, Freeport McMoran Copper & Gold (FCX-N) stock closed at a price of $46.01.