Dip in Freeport-McMoRan creates ‘compelling opportunity’, says Barron’s

Copper, one of the more highly cyclical metals, has pulled back as a result of concern that higher oil prices will lead to a global economic slowdown, but this creates a ” compelling buying opportunity” in Freeport-McMoRan (FCX), the largest copper miner in the U.S., Barrons’ Paul La Monica writes in the publication’s Stock Picks column. Even after the Iran dip, copper prices are still up about 4.5% this year and more than 25% since March 2025, the report states, contending that the current consensus estimates could prove to be “too conservative”.