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    2 Huge Reasons To Buy Freeport-McMoRan Today

    Mon, 05/07/2012 - 09:17 EDT - Seeking Alpha
    • AU
    • CDE
    • FCX
    • GFI
    • GG
    • IncomeHunter

    By Income Hunter:The dollar is growing stronger, and economic stability is once again in the forecast for the dollar. We should all rejoice - or should we?While the recovering economy may sound like good news to many investors, investors of Freeport-McMoRan (FCX) have reason to wish otherwise. Forecasts for gold prices in June were down by approximately $44 and prices sunk to an 11-week low in the beginning of April 2012. While there is reason to be wary, I believe that gold is down, not out.In August of last year share prices for Freeport-McMoRan hit a 52-week high of approximately $56.78 but fell to a 52-week low of $28.85 only two months later. Currently, the stock sells at approximately $36 a share.Why is Freeport struggling? There are several reasons.First, the Federal Open Market Committee released a report about the state of the economy. The report claimed that theComplete Story »

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    Related

    • Falling Gold Prices Will Hurt Freeport-McMoRan

      By Ry Frank:A strong dollar and even a partial recovery in the United States could be bad news for gold producers like Freeport-McMoRan (FCX). Gold prices for June delivery were down by at least $44.30 an ounce on New York's Comex on Tuesday.

    • Copper's Drop Cuts Freeport's Cash Flows

      By Mike Maher:Shares of Freeport McMoRan (FCX) have been hammered over the last 3 months, down more than 30% since the end of June, compared to drops of nearly 10% for the Dow and S&P 500. The drop has coincided with a steep sell-off in the metals markets, as fears of global recession have resurfaced around the globe.

    • Freeport-McMoRan: Risks Already Baked In

      By Income Hunter:The entire boom in commodities has been driven over the last few years by Chinese demand, and now that growth in both China and India is decelerating, there are understandable concerns about the future of the business. The apprehensions of the iron ore mining industry have been well publicized, and many iron ore mining companies are cutting back on production growth as well as exploration.

    • Freeport-McMoRan Copper & Gold's CEO Discusses Q3 2012 Results - Earnings Call Transcript

      Freeport-McMoRan Copper & Gold Inc. (FCX) Q3 2012 Earnings Conference Call October 22, 2012 10:00 AM ET Executives Kathleen L. Quirk – Executive Vice President, Chief Financial Officer and Treasurer Richard C. Adkerson – President and Chief Executive Officer Red Conger – President, Freeport-McMoRan Americas David H. Thornton – President, Climax Molybdenum Company

    • FCX Is A Stock For Long-Term Investors

      By Qineqt:We believe Freeport-McMoran Copper & Gold Inc. (FCX) in an attractive play on copper for long-term investors. In the near term, there are risks associated with the stock in the form of rising inventories, negative arbitrage in copper prices in Shanghai Futures Exchange (SHFE) vs. the London Metal Exchange (LME) and lower full-year production guidance.

    • Time To Cover Freeport-McMoRan

      By Mark W. Bertolin:Freeport-McMoRan Copper & Gold Inc. (FCX) has proven to be a solid performer in 2012. Although volatile, the dividend yield of 3.1% and earnings per share of $3.33 demonstrate value in maintaining a long position. Freeport-McMoRan is tied to both the global infrastructure build out, and to a lesser extent, gold prices.

    • Freeport McMoran Copper & Gold: Miner With Major Upside

      Money Morning submits: By Jack Barnes Sometimes the market offers investors a rare chance to buy shares of a great company on a dip. That's precisely the opportunity we're getting right now with Freeport-McMoRan Copper & Gold Inc. (FCX).

    • When It Comes to Copper, Freeport McMoran Is the Better Play

      The Strategist submits:Freeport McMoran (FCX) is one of our core long positions because it offers us a leveraged play on the metals complex and global economic growth.

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