copper over iron ore. According to median price targets on Thomson Reuters, the biggest pure-play copper stocks ( Freeport - McMoRan FCX , Southern Copper SCCO , and First Quantum Minerals FM ) are, on average, 26% undervalued. Consensus also
Dec 11 (Reuters) - Freeport McMoRan Inc operations at its sole U.S. copper smelter have returned to normal production levels after it completed repairs on an electric furnace damaged in a fire at the Arizona facility, a spokesman said on Thursday.
Dec 11 (Reuters) - Freeport McMoRan Inc resumed processing copper concentrate at its sole U.S. copper smelter on Dec 7, a spokesman said on Thursday, after completing repairs on a damaged electric furnace in the Arizona facility.
Freeport - McMoRan Inc (NYSE:FCX) is bouncing today. The stock is down almost 37 ..... that gold is flat but the gold miners are bouncing. This includes Freeport - McMoRan . The upside potential is large as the collapse has been epic. In
deals that were announced during the period, with the transactions still pending as of the end of last week. While Freeport - McMoRan FCX and narrow-moat Apache APA did a little asset-swapping during the period, it looks like they were sold more
industrial metals tend to have lower valuation multiples. For example, the current price-to-earnings ratio for Freeport - McMoRan , is 8x-times forward earnings. Investors can use the low relative valuations of copper/gold producers to increase
65% Vapor Corp 1.35% Exxon Mobil Corporation 5.24% Johnson & Johnson 5.15% McDonald's Corp 1.6% Freeport - McMoRan Copper & Gold 3.64% Digital Realty Trust Inc 1.48% Intel Corp 4.26% Altria Group Inc 2.21% ConocoPhillips
In a move aimed at freeing up capital to retire debt and dedicate more resources to opportunities in the Gulf, Freeport - McMoRan announced the sale of its oil-rich Eagle Ford assets to Encana for $3.1 billion. Freeport obtained the assets
per pound on March 11, marking the first time since July 2010, down from $3.36 to begin the year. Blue chip Freeport - McMoRan followed suit, losing 18% year-to-date. Copper prices are now in line with our full-year 2014 forecast of
We're raising our fair value estimate of Freeport - McMoRan to $27 from $25 after upwardly revising our near-term copper price forecast. Our no-moat rating is unchanged. While 2013