Freeport McMoran Copper & Gold | StockChase
109
Freeport McMoran Copper & Gold (FCX-N)

Last Price Recorded: $13.8600 on 2017-11-17

ON STOCKCHASE SINCE Oct 2003

Copper and gold mining in Indonesia.

non-base metal mining

Freeport McMoran Copper & Gold


Signal Opinion Expert

2017-11-07

COMMENT
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
Cameron Hurst

Chief Investment Officer, Equium Capital Management

Price: $14.550
Owned: Unknown

2017-11-06

HOLD
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
John Zechner

Chairman, J. Zechner & Assoc

Price: $14.640
Owned: Unknown

2017-10-16

HOLD
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $15.270
Owned: Unknown

2017-05-16

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

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”.

non-base metal mining
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $11.770
Owned: No

2017-02-13

PAST TOP PICK
Freeport McMoran Copper & Gold (FCX-N)

(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.

non-base metal mining
John Zechner

Chairman, J. Zechner & Assoc

Price: $15.960
Owned: No

2017-01-03

BUY
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $13.780
Owned: Unknown

2016-08-25

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $11.090
Owned: Unknown

2016-07-26

SELL
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
William Chin

Portfolio manager, Caldwell Investment Management

Price: $12.680
Owned: Unknown

2016-06-23

BUY on WEAKNESS
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $11.770
Owned: Unknown

2016-05-03

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
Gordon Reid

President, GoodReid Investment Counsel

Price: $12.010
Owned: No

2016-02-16

TOP PICK
Freeport McMoran Copper & Gold (FCX-N)

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.

non-base metal mining
John Zechner

Chairman, J. Zechner & Assoc

Price: $6.370
Owned: Yes

2016-01-11

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

They have diversified out of just copper.  He does not know where the bottom is for this stock.

non-base metal mining
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $4.310
Owned: Unknown

2015-10-29

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

He does not think the dividend is safe.  It comes down to what you think is going to happen in China.  He feels they will continue to slow.

non-base metal mining
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $11.630
Owned: Unknown

2015-08-26

COMMENT
Freeport McMoran Copper & Gold (FCX-N)

It is amazing how this has fallen. The one lesson you are constantly taught in this business is that you have to think outside of the box. This is heavily leveraged to the commodity complex, particularly copper and gold. It is a fairly leveraged company, and for that reason free cash just disappears when commodity prices fall. He would prefer Rio Tinto (RIO-N) if he were to go into this area. It has a better profile from a balance sheet standpoint.

non-base metal mining
Gordon Reid

President, GoodReid Investment Counsel

Price: $7.920
Owned: No

2015-02-12

DON'T BUY
Freeport McMoran Copper & Gold (FCX-N)

Copper prices have been very weak.  Japan is the driver.  He does not see an opportunity at the present time.

non-base metal mining
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $19.470
Owned: Unknown

Showing 1 to 15 of 109 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.