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

CAPS Rating: 4 out of 5

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.


Player Avatar EVplusEV (57.43) Submitted: 7/6/2012 8:17:21 PM : Outperform Start Price: $31.25 FCX Score: +1.43

Shares of FCX got punished after labor unrest in Indonesia (which they appear to have settled). The shares are now cheap. WIth EPS of over $4 and a P/E of 8.73. They also have a fantastic balance sheet with loads of cash and nearly no debt. You get the added bonus of copper with FCX and building has been slowing picking up which will raise the demand for copper. The company expects $3.7B worth of copper sales this year and $1.8B worth of gold sales. It has solid growth and is currently a value play (it even appears in the MF screen). There is a lot to like here and I'm long.

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