Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

11.64
0.31 (2.74%)
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
More at Wikipedia

Analysis and Opinions about FCX-N

Signal
Opinion
Expert
TOP PICK
TOP PICK
April 15, 2019
Focused on copper, molly and gold, it has really been moving up. There is no new copper coming on-stream, making a really good tail wind. (Analysts’ price target is $14.32)
Focused on copper, molly and gold, it has really been moving up. There is no new copper coming on-stream, making a really good tail wind. (Analysts’ price target is $14.32)
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$13.690
Owned
No
BUY
BUY
November 16, 2018
Has been building a base. Thinks commodities will be sucked up with any rally of gold or crude. He’s a buyer and a holder here.
Has been building a base. Thinks commodities will be sucked up with any rally of gold or crude. He’s a buyer and a holder here.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$11.960
Owned
Yes
COMMENT
COMMENT
November 7, 2017

Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

Although they are in a number of minerals, this trades closer to copper, and copper has done really well. The stock is going to be volatile, as there are going to be hits and misses on earnings. It is underpinned right now by some pretty decent fundamentals on the commodity side. There are a number of secular drivers that he suspects will be behind this. Hasn't seen anything that indicates you need to be overly cautious.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$14.550
Owned
Unknown
HOLD
HOLD
November 6, 2017

Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

Copper markets have had a great move this year. This has some gold, but mostly copper and a lot of oil. The balance sheet got very stretched. They've done a great job of paying down debt. Looking in better shape than they have for a long time. Thinks there is still upside to go.

John Zechner
Chairman, J. Zechner & Assoc
Price
$14.640
Owned
Unknown
HOLD
HOLD
October 16, 2017

It is a consolidating stock since mid-2015. There is technical resistance about $16. It keeps repeating this. If it could break this it would be quite bullish. Until then it is moving sideways.

It is a consolidating stock since mid-2015. There is technical resistance about $16. It keeps repeating this. If it could break this it would be quite bullish. Until then it is moving sideways.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$15.270
Owned
Unknown
DON'T BUY
DON'T BUY
May 16, 2017

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”.

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”.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$11.770
Owned
No
PAST TOP PICK
PAST TOP PICK
February 13, 2017

(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.

(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.

John Zechner
Chairman, J. Zechner & Assoc
Price
$15.960
Owned
No
BUY
BUY
January 3, 2017

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.

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.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$13.780
Owned
Unknown
DON'T BUY
DON'T BUY
August 25, 2016

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.

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.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$11.090
Owned
Unknown
SELL
SELL
July 26, 2016

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.

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.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$12.680
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 23, 2016

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.

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.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$11.770
Owned
Unknown
DON'T BUY
DON'T BUY
May 3, 2016

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.

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.

Gordon Reid
President, GoodReid Investment Counsel
Price
$12.010
Owned
No
TOP PICK
TOP PICK
February 16, 2016

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.

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.

John Zechner
Chairman, J. Zechner & Assoc
Price
$6.370
Owned
Yes
DON'T BUY
DON'T BUY
January 11, 2016

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

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

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$4.310
Owned
Unknown
DON'T BUY
DON'T BUY
October 29, 2015

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.

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.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$11.630
Owned
Unknown
COMMENT
COMMENT
August 26, 2015

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.

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.

Gordon Reid
President, GoodReid Investment Counsel
Price
$7.920
Owned
No
DON'T BUY
DON'T BUY
February 12, 2015

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

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

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$19.470
Owned
Unknown
DON'T BUY
DON'T BUY
December 12, 2014

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.

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.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$21.780
Owned
No
BUY
BUY
November 20, 2014

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

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

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$28.570
Owned
Unknown
HOLD
HOLD
November 3, 2014

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

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

Norman Levine
Managing Director, Portfolio Management Corp
Price
$27.790
Owned
Unknown
SELL
SELL
September 30, 2014

Looked at it fairly closely and the one worry was their debt. They would be sensitive to interest rate raises as well as any drop in the commodity prices. Prefers Rio Tinto. It could be a good switch.

Looked at it fairly closely and the one worry was their debt. They would be sensitive to interest rate raises as well as any drop in the commodity prices. Prefers Rio Tinto. It could be a good switch.

Gordon Reid
President, GoodReid Investment Counsel
Price
$32.650
Owned
No
DON'T BUY
DON'T BUY
June 24, 2014

Has had some tough times in terms of stock price over the years. They made a shift into the energy sector and now their focus has moved away from copper and gold. He prefers energy to materials.

Has had some tough times in terms of stock price over the years. They made a shift into the energy sector and now their focus has moved away from copper and gold. He prefers energy to materials.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$35.660
Owned
Unknown
DON'T BUY
DON'T BUY
June 12, 2014

(Market Call Minute.) He continues to be quite bearish on copper. Stocks are not performing well.

(Market Call Minute.) He continues to be quite bearish on copper. Stocks are not performing well.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$33.670
Owned
Unknown
COMMENT
COMMENT
February 6, 2014

This has caused him a lot of grief on the cyclical nature of the “wait and see” information out of China. He has stepped aside from this. They are up and down, up and down, etc. If you are interested in Trading, now is a great time to buy.

This has caused him a lot of grief on the cyclical nature of the “wait and see” information out of China. He has stepped aside from this. They are up and down, up and down, etc. If you are interested in Trading, now is a great time to buy.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$31.540
Owned
No
PARTIAL BUY
PARTIAL BUY
September 24, 2013

An ETF or a stock that would be good in the materials space? In this sector, you are typically talking about things such as gold, copper, silver, metals, mining and fertilizers. He would probably be inclined to go with a name like this which is already started to move up a bit. He would also just take half a position.

An ETF or a stock that would be good in the materials space? In this sector, you are typically talking about things such as gold, copper, silver, metals, mining and fertilizers. He would probably be inclined to go with a name like this which is already started to move up a bit. He would also just take half a position.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$33.740
Owned
Unknown
DON'T BUY
DON'T BUY
September 19, 2013

With this you have to have a call on copper prices. Over the next year he thinks copper prices will essentially stay where they are. Previously this was a pure play copper company. Spun off some assets in the energy patch, but eventually bought back. He questions the way they went about buying and the capital they used and was it necessarily in the best interest of the shareholders. Also, this distracted them from their core business. Assets are okay. Stock is going to be a play on what is happening with the underlying commodity and he thinks copper doesn’t do any more than $4 a pound over the next year. Probably fine for a longer-term holder.

With this you have to have a call on copper prices. Over the next year he thinks copper prices will essentially stay where they are. Previously this was a pure play copper company. Spun off some assets in the energy patch, but eventually bought back. He questions the way they went about buying and the capital they used and was it necessarily in the best interest of the shareholders. Also, this distracted them from their core business. Assets are okay. Stock is going to be a play on what is happening with the underlying commodity and he thinks copper doesn’t do any more than $4 a pound over the next year. Probably fine for a longer-term holder.

Stuart Hinshelwood
US Equities Specialist, BMO Nesbitt Burns
Price
$34.600
Owned
Unknown
DON'T BUY
DON'T BUY
September 3, 2013

US mining company, mostly copper. If you buy this, you have to have a good, long-term expectation that copper is going to do very well. He doesn’t think copper is where you really want to be. Feels the commodity super cycle is finished.

US mining company, mostly copper. If you buy this, you have to have a good, long-term expectation that copper is going to do very well. He doesn’t think copper is where you really want to be. Feels the commodity super cycle is finished.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$31.120
Owned
Unknown
BUY
BUY
August 23, 2013

Big base metal companies came off in the summer and he felt there was a spot where you could buy them. This company and BHP Billiton (BHP-N) were almost identical. He just happened to pick BHP because it was a diverse business. On this one you should easily get a 40% rate of return if things turn around.

Big base metal companies came off in the summer and he felt there was a spot where you could buy them. This company and BHP Billiton (BHP-N) were almost identical. He just happened to pick BHP because it was a diverse business. On this one you should easily get a 40% rate of return if things turn around.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$31.790
Owned
No
DON'T BUY
DON'T BUY
July 25, 2013

Did like this one but there have been some big challenges in a few of their operations. Thinks there are other operations that are better, such as BHP Billiton (BHP-N) if you want to hold for longer period of time.

Did like this one but there have been some big challenges in a few of their operations. Thinks there are other operations that are better, such as BHP Billiton (BHP-N) if you want to hold for longer period of time.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$28.840
Owned
No
DON'T BUY
DON'T BUY
July 16, 2013

Likes this overall but unfortunately right now copper, although it has the best fundamentals of any of the base metals, there is still a fairly large amount of surplus. Too much inventory.

Likes this overall but unfortunately right now copper, although it has the best fundamentals of any of the base metals, there is still a fairly large amount of surplus. Too much inventory.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$28.260
Owned
Unknown
DON'T BUY
DON'T BUY
July 2, 2013

An outstanding, well run company and a better investment over the long haul than TCK.B-T. Copper is a big part of FCX and he does not know if they can continue to pay the dividend if copper prices go lower. He wasn’t crazy about their previous acquisitions.

An outstanding, well run company and a better investment over the long haul than TCK.B-T. Copper is a big part of FCX and he does not know if they can continue to pay the dividend if copper prices go lower. He wasn’t crazy about their previous acquisitions.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$27.740
Owned
Unknown
BUY
BUY
March 7, 2013

Made some big moves into energy recently, which is disappointing to most institutional investors. In any case, it is still the biggest producer of copper with good exposure to gold. Not expensive. Not his preferred holding in copper anymore.

Made some big moves into energy recently, which is disappointing to most institutional investors. In any case, it is still the biggest producer of copper with good exposure to gold. Not expensive. Not his preferred holding in copper anymore.

Jim Huang
President, T.I.P. Wealth Management
Price
$33.080
Owned
Unknown
DON'T BUY
DON'T BUY
January 17, 2013

Their announcement in December of entry into the energy business kind of put investors into a sour mood. Stock hasn’t done so well. Has always been a pure play in the copper space and now we have to contend as to whether they are energy or copper and how this acquisition will affect them. Would prefer Teck Resources (TCK.B-T) which he has been buying.

Their announcement in December of entry into the energy business kind of put investors into a sour mood. Stock hasn’t done so well. Has always been a pure play in the copper space and now we have to contend as to whether they are energy or copper and how this acquisition will affect them. Would prefer Teck Resources (TCK.B-T) which he has been buying.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$34.080
Owned
No
DON'T BUY
DON'T BUY
January 10, 2013

Last year was a very bad year for them because 1) the whole commodity complex suffered quite a bit and 2) because of some labour disruptions in Asia at one of their major operations. Because of this, their earnings were quite poor. A pure commodity play and he would look for other ways to play a world expansion other than through a pure gold/copper operator. There are operational risks.

Last year was a very bad year for them because 1) the whole commodity complex suffered quite a bit and 2) because of some labour disruptions in Asia at one of their major operations. Because of this, their earnings were quite poor. A pure commodity play and he would look for other ways to play a world expansion other than through a pure gold/copper operator. There are operational risks.

Gordon Reid
President, GoodReid Investment Counsel
Price
$35.600
Owned
No
DON'T BUY
DON'T BUY
January 7, 2013

Basic materials sector is having some money rotate into it. It’s the beginning of a new year where there is optimism and hope that the economy is going to heat up a little bit and maybe commodity prices have a bit of a lift. At this point there is not enough evidence to make a big allocation. This company is in the process of going through a change in the investor base.

Basic materials sector is having some money rotate into it. It’s the beginning of a new year where there is optimism and hope that the economy is going to heat up a little bit and maybe commodity prices have a bit of a lift. At this point there is not enough evidence to make a big allocation. This company is in the process of going through a change in the investor base.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$35.360
Owned
No
DON'T BUY
DON'T BUY
December 20, 2012

Just made a huge acquisition in energy. People were upset because they viewed this company as a metals play, not an energy play. Terrific world scale company. Not the one he would buy right now. Situation is a little clouded with the acquisition.

Just made a huge acquisition in energy. People were upset because they viewed this company as a metals play, not an energy play. Terrific world scale company. Not the one he would buy right now. Situation is a little clouded with the acquisition.

David Baskin
President, Baskin Wealth Management
Price
$33.980
Owned
No
DON'T BUY
DON'T BUY
December 19, 2012

Major businesses are copper and gold. Producers have struggled compared to the commodity. A lot has to do with operating risk and we have seen a lot of these companies stumble. He would be light on this one.

Major businesses are copper and gold. Producers have struggled compared to the commodity. A lot has to do with operating risk and we have seen a lot of these companies stumble. He would be light on this one.

Gordon Reid
President, GoodReid Investment Counsel
Price
$33.950
Owned
No
DON'T BUY
DON'T BUY
December 11, 2012

Largest gold/copper mine in the world (Indonesia). Maybe their acquisition of Plains, putting them back in oil/gas, is a good move, but that’s not what investors want. Almost 4% dividend but will that be sustainable when they have spent $9 billion on acquisitions? You also should have some questions about the long-term strategic direction for the management. Suspects there will be a phenominal selling of the stock by people who wanted the purer play in gold/copper.Largest gold/copper mine in the world (Indonesia). Maybe their acquisition of Plains, putting them back in oil/gas, is a good move, but that’s not what investors want. Almost 4% dividend but will that be sustainable when they have spent $9 billion on acquisitions? You also should have some questions about the long-term strategic direction for the management. Suspects there will be a phenominal selling of the stock by people who wanted the purer play in gold/copper.

Largest gold/copper mine in the world (Indonesia). Maybe their acquisition of Plains, putting them back in oil/gas, is a good move, but that’s not what investors want. Almost 4% dividend but will that be sustainable when they have spent $9 billion on acquisitions? You also should have some questions about the long-term strategic direction for the management. Suspects there will be a phenominal selling of the stock by people who wanted the purer play in gold/copper.Largest gold/copper mine in the world (Indonesia). Maybe their acquisition of Plains, putting them back in oil/gas, is a good move, but that’s not what investors want. Almost 4% dividend but will that be sustainable when they have spent $9 billion on acquisitions? You also should have some questions about the long-term strategic direction for the management. Suspects there will be a phenominal selling of the stock by people who wanted the purer play in gold/copper.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$31.990
Owned
Unknown
COMMENT
COMMENT
December 5, 2012

Just announced they are acquiring Plains and McMoran for $9 billion so are getting deep into oil now. Whenever a company like this dilutes their product offering or their focus, it can be very good or sometimes a challenge. Market is treating this as a challenge but he doesn’t know that he would jump to that conclusion. Well managed. Don’t expect they would get into an endeavour like this without having done thorough research.

Just announced they are acquiring Plains and McMoran for $9 billion so are getting deep into oil now. Whenever a company like this dilutes their product offering or their focus, it can be very good or sometimes a challenge. Market is treating this as a challenge but he doesn’t know that he would jump to that conclusion. Well managed. Don’t expect they would get into an endeavour like this without having done thorough research.

Karl Berger
Partner, Toron Investment Management
Price
$32.160
Owned
No
PAST TOP PICK
PAST TOP PICK
November 14, 2012

[Show did not air however top and past picks were posted to web site] (Top Pick Nov 3/11, Down 2.41% total return)

[Show did not air however top and past picks were posted to web site] (Top Pick Nov 3/11, Down 2.41% total return)

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$37.280
Owned
Yes
DON'T BUY
DON'T BUY
November 7, 2012

Thinks that copper prices will continue to be relatively weak. As time goes by and the economy is strengthening and there are solid economic numbers, this type of stock should do well.

Thinks that copper prices will continue to be relatively weak. As time goes by and the economy is strengthening and there are solid economic numbers, this type of stock should do well.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$39.290
Owned
No
DON'T BUY
DON'T BUY
October 24, 2012

Gold/copper producer. One of the reasons that the Fed and central banks globally are keeping rates low is to try to bolster asset and commodity prices and growth. You would think this would play into a copper and gold producer. On the other side of that is the weakening of the macro picture which is sort of depressing these companies. In the short-term, don’t expect too much. Longer-term it is going to be good for companies like this. He would tend to stay away from the whole sector.

Gold/copper producer. One of the reasons that the Fed and central banks globally are keeping rates low is to try to bolster asset and commodity prices and growth. You would think this would play into a copper and gold producer. On the other side of that is the weakening of the macro picture which is sort of depressing these companies. In the short-term, don’t expect too much. Longer-term it is going to be good for companies like this. He would tend to stay away from the whole sector.

Gordon Reid
President, GoodReid Investment Counsel
Price
$38.790
Owned
No
COMMENT
COMMENT
October 16, 2012

Once we get this growth scare, that he thinks we are going to have, this is a name that if you can get it in the mid-$30’s or better, he would definitely be a buyer. Good balance sheet, good dividend, good management and lots of resources. On his watch list.

Once we get this growth scare, that he thinks we are going to have, this is a name that if you can get it in the mid-$30’s or better, he would definitely be a buyer. Good balance sheet, good dividend, good management and lots of resources. On his watch list.

John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$41.470
Owned
No
DON'T BUY
DON'T BUY
October 11, 2012

Positive is that they have gold stream coming through it. Each rally has less and less legs. No positive guidance on this quarter in this group. It`s a bottom fishing play based on QE3.

Positive is that they have gold stream coming through it. Each rally has less and less legs. No positive guidance on this quarter in this group. It`s a bottom fishing play based on QE3.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$40.750
Owned
Unknown
TOP PICK
TOP PICK
October 9, 2012

When you look at copper broadly, there are only 2 weeks of demand covered globally. It has the tightest fundamentals of any metal. Over 3% dividend yield. The cheapest stock in the large-cap materials universe. Really inexpensive. Has upside to copper prices, yield support, good growth and feels copper is the best place to be.

When you look at copper broadly, there are only 2 weeks of demand covered globally. It has the tightest fundamentals of any metal. Over 3% dividend yield. The cheapest stock in the large-cap materials universe. Really inexpensive. Has upside to copper prices, yield support, good growth and feels copper is the best place to be.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$40.670
Owned
Yes
BUY
BUY
October 2, 2012

(Market Call Minute.) Great copper play. Copper prices have hung in relatively well and he still sees the global economy growing.

(Market Call Minute.) Great copper play. Copper prices have hung in relatively well and he still sees the global economy growing.

John Zechner
Chairman, J. Zechner & Assoc
Price
$39.680