10 Best Long Term Stocks to Buy Under $50

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​1. Freeport-McMoRan Inc. (NYSE:FCX)

Price: $44.94

5-year Revenue Growth Rate: 14.86%

Number of Hedge Fund Holders: 96

​Freeport-McMoRan Inc. (NYSE:FCX) is one of the Best Long Term Stocks to Buy Under $50. Wall Street has a mixed opinion on Freeport-McMoRan Inc. (NYSE:FCX) even after the company topped revenue and EPS estimates during its fiscal second quarter of 2025.

​The company posted a revenue of $7.58 billion, up 14.46% year-over-year and ahead of consensus by $395.27 million. The EPS of $0.54 also topped estimates by $0.10. Management noted surpassing their copper and gold sale volumes. Moreover, the unit cash costs were also significantly lower than expected, driven by favorable copper prices in the US and strong global gold prices.

​Wall Street has a mixed opinion on Freeport-McMoRan Inc. (NYSE:FCX) despite the outperformance. On August 24, Bill Peterson from J.P. Morgan reiterated a Buy rating on the stock with a price target of $56. Later on September 9, Carlos De Alba from Morgan Stanley also reiterated a Buy rating on the stock with a price target of $48. However, on the same day, Sam Crittenden from RBC Capital reiterated a Hold rating on the stock with a price target of $54.

​Freeport-McMoRan Inc. (NYSE:FCX) is a global metals company focused primarily on mining copper. It operates major copper mines and processing facilities in North America, South America, and Indonesia.

While we acknowledge the potential of FCX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FCX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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