Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

37.30
0.84 (2.20%)
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
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Analysis and Opinions about FCX-N

Signal
Opinion
Expert
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.

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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
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.

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

David Burrows
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.

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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.

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.

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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.

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.

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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
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.

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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
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.

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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.

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.

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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
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.

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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
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.

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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
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.

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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
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.

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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
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.

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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
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.

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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
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.

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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
Price
$33.980
Owned
No
Showing 31 to 45 of 120 entries