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.
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.
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.
(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.
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.
(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.
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.
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.
(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.
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.
What is Freeport McMoran Copper & Gold stock symbol?
Freeport McMoran Copper & Gold is a American stock, trading under the symbol FCX (previously FCX-N on Stockchase) on the New York Stock Exchange (FCX). It is usually referred to as NYSE:FCX or FCX
Is Freeport McMoran Copper & Gold a buy or a sell?
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.