Viewing Company Freeport McMoran Copper & Gold | StockChase
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Freeport McMoran Copper & Gold Stock Symbol: FCX-N

Notes:Copper and gold mining in Indonesia.

Last Price Recorded: $14.0600 on 2017-09-22

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Date Signal Expert Opinion Price
2017-05-16 DON'T BUY Lorne Steinberg

When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.


Price:
$11.770
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-02-13 PAST TOP PICK John Zechner

(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.


Price:
$15.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2017-01-03 BUY Elliot Fishman

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.


Price:
$13.780
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-25 DON'T BUY David Driscoll

This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.


Price:
$11.090
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-07-26 SELL William Chin

Short or Buy? This has gone from mid-$50 to below $10. The recent rally to $12.57 may seem impressive, but looking at a 5-year chart, this is still in a major downtrend. Commodities have just finished a major cycle, and going by past history, it takes 3, 5, or even 7 years for big commodity cycles to recover and go back up. He would not hold this one.


Price:
$12.680
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-06-23 BUY on WEAKNESS Brian Acker, CA

This had a massive write off. In Canada, material stocks have not written off their balance sheets, and he doesn’t know why. His model price is $10.54, but he would wait for a pullback to around $4.


Price:
$11.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2016-05-03 DON'T BUY Gordon Reid

This is a materials company, mostly in copper and some in gold. The issue he has is its debt, and how much of an issue that puts them in if we start to see some failure on the commodity side.


Price:
$12.010
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-02-16 TOP PICK John Zechner

This is a basket case and has been a disaster. They bought $20 billion of oil/gas assets right at the peak of the market. They levered up the balance sheet and the stock dropped 90% over a period of basically 4 years. Recently got re-permitted in Indonesia. Just sold off some of their copper assets. He could see this trading up around $10-$12 without much difficulty.


Price:
$6.370
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-01-11 DON'T BUY Larry Berman CFA, CMT, CTA

They have diversified out of just copper.  He does not know where the bottom is for this stock.


Price:
$4.310
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-10-29 DON'T BUY Kash Pashootan

He does not think the dividend is safe.  It comes down to what you think is going to happen in China.  He feels they will continue to slow.


Price:
$11.630
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Unknown
2015-08-26 COMMENT Gordon Reid

It is amazing how this has fallen. The one lesson you are constantly taught in this business is that you have to think outside of the box. This is heavily leveraged to the commodity complex, particularly copper and gold. It is a fairly leveraged company, and for that reason free cash just disappears when commodity prices fall. He would prefer Rio Tinto (RIO-N) if he were to go into this area. It has a better profile from a balance sheet standpoint.


Price:
$7.920
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-02-12 DON'T BUY Lorne Steinberg

Copper prices have been very weak.  Japan is the driver.  He does not see an opportunity at the present time.


Price:
$19.470
Subject:
DEEP VALUE GLOBAL EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-12-12 DON'T BUY Bruce Tatters

Found it very strange when they took the company, primarily a copper/gold producer, and decided to bet on oil which was at $110 a barrel. They levered up the company considerably from a position of no debt. He questions their judgment in the last couple of years. Feels the dividend is at risk and they still have a lot of debt.


Price:
$21.780
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-11-20 BUY Darren Sissons

There is going to be a recovery here.  Copper is a continuing theme.  Sees no problem with the story.  It requires a multiyear horizon.


Price:
$28.570
Subject:
GLOBAL LARGE
Bias:
BULLISH on RESOURCES
Owned:
Unknown
2014-11-03 HOLD Norman Levine

Copper mining.  There is no rush to buy anything here.  If you have a wide variety of stocks there is no reason to sell.


Price:
$27.790
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
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