Freeport McMoran Copper & Gold

FCX-N

NYSE:FCX

37.11
1.03 (2.70%)
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
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.

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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
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.

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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
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.

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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
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)

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[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
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.

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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
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.

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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
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.

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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.

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.

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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
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.

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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
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.

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

John Zechner
Price
$39.680
Owned
Yes
WAIT
WAIT
September 10, 2012

One caveat is that this company has the Indonesia issue that is always hanging over their head. Renegotiating with the Indonesian government scares him a little bit. Some of the mines that they are getting copper out of are no longer open pits so there are cost pressures. Really well-run company. Good dividend. Wait for 6 months when people are sad.

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One caveat is that this company has the Indonesia issue that is always hanging over their head. Renegotiating with the Indonesian government scares him a little bit. Some of the mines that they are getting copper out of are no longer open pits so there are cost pressures. Really well-run company. Good dividend. Wait for 6 months when people are sad.

HOLD
HOLD
July 25, 2012
(Market Call Minute.) Gold and copper and subject to the whims of the commodity market.
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(Market Call Minute.) Gold and copper and subject to the whims of the commodity market.
Gordon Reid
Price
$31.430
Owned
No
DON'T BUY
DON'T BUY
July 10, 2012
We are in a deleveraging environment, which tends to be a little bit disinflationary. There has been a lot of stimulus thrown at the market without the response that the policymakers expected. There is little evidence to go to high beta stocks yet. Share prices of the materials group have been performing poorly.
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We are in a deleveraging environment, which tends to be a little bit disinflationary. There has been a lot of stimulus thrown at the market without the response that the policymakers expected. There is little evidence to go to high beta stocks yet. Share prices of the materials group have been performing poorly.
David Burrows
Price
$33.090
Owned
No
PAST TOP PICK
PAST TOP PICK
June 27, 2012
(A Top Pick June 6/11. Down 33.94%.) Sold 90% of his holdings last December. An excellent company, but unfortunately it trades with the copper price. Thinks there will be a 50%-100% rally if we did see clarity out of Europe and there was a resumption of global growth.
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(A Top Pick June 6/11. Down 33.94%.) Sold 90% of his holdings last December. An excellent company, but unfortunately it trades with the copper price. Thinks there will be a 50%-100% rally if we did see clarity out of Europe and there was a resumption of global growth.
John Stephenson
Price
$32.140
Owned
Yes
DON'T BUY
DON'T BUY
June 15, 2012
Would steer over to TCK.B because it is Canadian and is diversified and has all the assets. Holds very little precious metals.
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Would steer over to TCK.B because it is Canadian and is diversified and has all the assets. Holds very little precious metals.
Jaime Carrasco
Price
$34.340
Owned
Unknown
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