Is Freeport-McMoRan Inc (FCX) One of the Best Commodity Stocks to Buy for the Supercycle?

Freeport-McMoRan Inc (NYSE:FCX) is one of the best commodity stocks to buy for the supercycle. Deutsche Bank lifted the price target on Freeport-McMoRan Inc (NYSE:FCX) to $72 from $58 on May 15, maintaining a Buy rating on the shares. In its operating results for fiscal Q1 2026, Freeport-McMoRan Inc (NYSE:FCX) reported that consolidated copper and gold sales surpassed January 2026 estimates, and consolidated average unit net cash costs were favorable to January 2026 estimates. Consolidated production totaled 662 million pounds of copper, 97 thousand ounces of gold, and 22 million pounds of molybdenum in the quarter. Management further stated that consolidated sales totaled 657 million pounds of copper, 121 thousand ounces of gold, and 24 million pounds of molybdenum.

Freeport-McMoRan Inc. (FCX): "Last Thing I Want To Do Is Sell FreePort," Says Jim Cramer

Freeport-McMoRan Inc (NYSE:FCX) also reported that net income attributable to common stock in fiscal Q1 2026 totaled $881 million, $0.61 per share, and adjusted net income attributable to common stock totaled $830 million, $0.57 per share. For the year 2026, the company expects consolidated sales to be approximately 3.1 billion pounds of copper, 650 thousand ounces of gold, and 90 million pounds of molybdenum.

Freeport-McMoRan Inc (NYSE:FCX) mines gold, copper, and molybdenum. The company’s operations are divided into the following segments: U.S. Copper Mines, South America Operations, Indonesia Operations, Molybdenum Mines, U.S. Rod and Refining, Atlantic Copper, and Corporate and Other.

While we acknowledge the risk and potential of FCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FCX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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