Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

37.30
0.84 (2.20%)
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

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
February 13, 2017

(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.

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(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.

John Zechner
Price
$15.960
Owned
No
BUY
BUY
January 3, 2017

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.

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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.

Elliott Fishman
Price
$13.780
Owned
Unknown
DON'T BUY
DON'T BUY
August 25, 2016

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.

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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.

David Driscoll
Price
$11.090
Owned
Unknown
SELL
SELL
July 26, 2016

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.

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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.

William Chin
Price
$12.680
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 23, 2016

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.

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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.

Brian Acker, CA
Price
$11.770
Owned
Unknown
DON'T BUY
DON'T BUY
May 3, 2016

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.

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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.

Gordon Reid
Price
$12.010
Owned
No
TOP PICK
TOP PICK
February 16, 2016

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.

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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.

John Zechner
Price
$6.370
Owned
Yes
DON'T BUY
DON'T BUY
January 11, 2016

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

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

DON'T BUY
DON'T BUY
October 29, 2015

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.

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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.

Kash Pashootan
Price
$11.630
Owned
Unknown
COMMENT
COMMENT
August 26, 2015

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.

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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.

Gordon Reid
Price
$7.920
Owned
No
DON'T BUY
DON'T BUY
February 12, 2015

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

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

Lorne Steinberg
Price
$19.470
Owned
Unknown
DON'T BUY
DON'T BUY
December 12, 2014

Found it very strange when they took the company, primarily a copper/gold producer, and decided to bet on oil which was at $110 a barrel. They levered up the company considerably from a position of no debt. He questions their judgment in the last couple of years. Feels the dividend is at risk and they still have a lot of debt.

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Found it very strange when they took the company, primarily a copper/gold producer, and decided to bet on oil which was at $110 a barrel. They levered up the company considerably from a position of no debt. He questions their judgment in the last couple of years. Feels the dividend is at risk and they still have a lot of debt.

Bruce Tatters
Price
$21.780
Owned
No
BUY
BUY
November 20, 2014

There is going to be a recovery here. Copper is a continuing theme. Sees no problem with the story. It requires a multiyear horizon.

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There is going to be a recovery here. Copper is a continuing theme. Sees no problem with the story. It requires a multiyear horizon.

Darren Sissons
Price
$28.570
Owned
Unknown
HOLD
HOLD
November 3, 2014

Copper mining. There is no rush to buy anything here. If you have a wide variety of stocks there is no reason to sell.

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Copper mining. There is no rush to buy anything here. If you have a wide variety of stocks there is no reason to sell.

Norman Levine
Price
$27.790
Owned
Unknown
SELL
SELL
September 30, 2014

Looked at it fairly closely and the one worry was their debt. They would be sensitive to interest rate raises as well as any drop in the commodity prices. Prefers Rio Tinto. It could be a good switch.

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Looked at it fairly closely and the one worry was their debt. They would be sensitive to interest rate raises as well as any drop in the commodity prices. Prefers Rio Tinto. It could be a good switch.

Gordon Reid
Price
$32.650
Owned
No
Showing 16 to 30 of 120 entries