Freeport McMoran Copper & Gold (FCX) Buy,…

Freeport McMoran Copper & Gold (FCX)

68.78

+0.10 (0.15%)

as of Jun 18, 2026, 10:04:27 pm Market Open.

102 watching

WATCH

It reports Thursday. Plastics and copper are directly tied to economic growth. Listen to the quarterly call for their progress to gain clues about the economy.

HOLD

He continues to like it, though all commodities are suffering now, from oil to metals, as the market fears a recession. Hang on. There's sunshine on the other side of a recession if one happens.

SELL

Commodities are trades. Things are bouncing around right now. Cyclicality makes it hard to invest long term. Ask yourself if you want to own a resource stock in the next 6 months. Look at the high-yield royalty companies instead of pure oil & gas.

WATCH

Their Indonesian copper/gold mine is one of the best ever found. It's a quality play. Sector risks include mines getting confiscated by governments and nationalized. Copper has a great future with electrification coming and there are few copper mines in the world. Caveat: copper stocks are declining now, so wait and see how copper goes short term.

BUY

Allan Tong’s Discover Picks FCX is the copper name for many wealth managers turn to who applaud the company’s robust balance sheet, share buybacks, steady 1.42% dividend yield and recent strong recent quarter. In the first three months of this year, FCX shares jumped 19%, the surrendered those gains in April, a victim of that month’s panic selling but also the company’s own strong quarter. FCX beat the street’s top and bottom lines for Q1 2022, but management slightly reduced the outlook for copper sales from 4.3 (2022) and 4.5 (2023) billion pounds as announced in Q4 2021 to 4.25 billion and 4.45 billion respectively. The street reacted harshly and the spring sell-off was overdone. Read 3 rock stars of the mineral stocks for our full analysis.

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

TOP PICK

Stockchase Research Editor: Michael O'Reilly With strong commodity holdings in gold, silver even oil and gas, we recommend FCX as a TOP PICK. Analysts feel the company is well positioned for a period of stagflation (inflation coupled with stagnant economic growth). Cash reserves are building aggressively with higher commodity values and the company has been buying back shares and retiring debt. We recommend a stop loss at $24, looking achieve $50 -- upside potential over 35%. Yield 0.75% (Analysts’ price target is $49.82)

STRONG BUY

Highly bullish on it. Strong long-term, secular demand for copper for electrification. Doing well cyclically, healthy price of copper. A money machine with current price of copper. Impeccable balance sheet. Should see it increase dividend and buy back shares.

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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 Dec 02/21, Up 8.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX has triggered its stop at $40. To remain disciplined we recommend covering the position at this time. This results in a net investment gain of 10%, when combined with our previous buy recommendation.

COMMENT

His choice in the copper space. But it's a difficult market, extremely nervous that the US Fed will force that economy into recession. Companies like FCX rely on strong global growth and a Fed move could see FCX retrench. Also, FCX relies on demand from China, which is locking down in some parts to battle Covid. Long term, this is a great company. A few weeks ago they reported a strong quarter, net debt of $1.3 billion and return 50% of free cash flow to shareholders (buybacks and dividends). They remain profitable. Be patient with it, though.

PAST TOP PICK

(A Top Pick Apr 13/21, Up 44.57%) Directly related to copper prices. Copper is both a cyclical and secular beneficiary. 70% of copper usage today is devoted to creating electricity. Be careful of your timing on this one. More room to run, a great hold.

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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 Dec 02/21, Up 35.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FCX is progressing well. We now recommend trailing up the stop (from $37) to $40.

COMMENT

Commodity prices have climbed, partially due to the Russian war. This stock is not overvalued. He expects continued strength in copper prices, even beyond that war, because of demand for EVs. Share price is now slightly high.

BUY

Has world class copper/gold assets with a couple of political challenges. Generates massive amounts of cash and would be a good takeover acquisition.

BUY

He's excited about copper demand, given electrification--the green oil--namely in EVs. FCX trades at 5x enterprise value to EBITDA, so it's cheap. Balance sheet is fine as they pay off debt. He expects buybacks and dividend increases in the next quarter.

BUY

Likes commodities and the cyclical space. Lots of analysts and firms are ratcheting up expectations of a decade or more of commodity firmness. Likes it from a technical perspective. Starting to break out. If it gets above the $45 level, and he thinks it can, there will be lots of upside.

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Freeport McMoran Copper & Gold (FCX)