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NYSE:FCX

Freeport McMoran Copper & Gold (FCX)

68.78
+0.10 (0.15%)
as of Jun 18, 2026, 10:04:27 pm Market Open.
102 watching
0
BUY ON WEAKNESS

This is a great company to own for exposure to copper which will be in high demand for such items as batteries, charging stations etc. Its price will trade along with copper prices. It is a great choice for the mining and materials fields in general. For a long term hold buy half a position now and wait for a pullback for the other half.

DON'T BUY

It's sink or swim and too speculative. Lacks secular growth.

HOLD

Still likes it. Volatile, higher beta. Copper use in everyday lives is increasing, from automotive to green energy. Heavily dependent on health of economy. Copper goes as the economy goes. Cheap right now, very attractive. Be patient.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 14/22, Up 0%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with FCX has triggered its stop at $37.  To remain disciplined, we recommend covering the position at this time. 

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 14/22, Up 16.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FCX is progressing well.  To remain disciplined, we now recommend trailing up the stop (from $33) to $37.

BUY
Tied to economy. If we go into a deep recession, copper prices are bound to fall, so FCX will fall. However, modest recession or none at all, and China reopens, lots of promise for copper. Secular tailwinds for copper: electrification, green energy, tight supply right now. Fantastic financial shape. Very positive. Even if a recession, that will pass, and there will be a new spring for copper.
DON'T BUY
Recommends caution on the stock. Not sure copper demand will increase. Would prefer more diversified mining companies.
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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 14/22, Up 5.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. To remain disciplined, we recommend trailing up the stop-loss (from $24) to $33 at this time.
WAIT
So many demands for copper. Likes it. Heading into a recession, be cautious. Owning a deep cyclical for income is a tough proposition, get your dividend but may get hurt on share price. Try something like ENB, a more stable dividend play.
PAST TOP PICK
(A Top Pick Dec 16/21, Up 7%) Likes this on a cyclical and secular basis. EVs and renewable businesses need copper. In recent months, FCX has struggle because China has closed down, a huge customer of base metals. But China will open up. Cheap PE and strong balance sheet.
DON'T BUY
Not a believer in the story of long-term demand for copper. Model price $29.66, and it's that now. For commodity stocks to go higher, need big earnings increases. Need macro to work out.
BUY
Bought it a few weeks ago. it's enduring in a time when big shortages in copper are pressured by copper prices. Cheap valuation. Great way to play the peaking US dollar.
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.
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.
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.
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