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$105.21 -4.38 (-4.00%)
7/8/2008 4:01 PM

Freeport-McMoRan Copper & Gold, Inc. (FCX)

CAPS Rating:
*****

Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.

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Avatar exkalibur86 (38.39) Submitted: 5/13/08 5:02 PM : Outperform Start Price: $89.29 FCX Score: 30.95

This is a great, undervalued mining giant. P/E ratio is unfairly discounted to its peers (should trade at a premium). With a PEG < 1, I would not be surprised to see FCX double within the next couple years. Copper is in high demand and will remain that way for years thanks to the growing world. FCX's gold assets are just the cherry on top.

FCX is also widely considered a takeover target. I'm buying this one on any dip and my portfolio is thanking me for it.

BUY FCX for the foreseeable future.

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