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.

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Member Avatar TMFSpiffyPop (99.36) Submitted: 4/4/2014 3:18:05 PM : Underperform Start Price: $33.02 FCX Score: -0.17

Thanks to good work done by m'man Brendan Mathews (TMFWillSommers), I learn that FCX has gone from solid balance sheet to much more leveraged (~$21B now in debt), and I don't find myself highly motivated to guess at copper prices -- which have actually lost about 25% of their value in the past two years. I'll always be the last guy guessing right on metal prices. Also, company much more diversified right now (adding in oil & gas) but to me that only further complicates the picture. Brendan gives FCX a 30% chance of beating the market over the next three years. I'll agree. Underperform.

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Member Avatar gypsystem (41.37) Submitted: 3/30/2014 5:37:23 PM : Outperform Start Price: $32.70 FCX Score: +1.09

Offers a low PE and inflationary hedge.

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Member Avatar pchop123 (78.31) Submitted: 3/28/2014 3:08:40 PM : Outperform Start Price: $32.45 FCX Score: +1.14

low PE & high yld

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Member Avatar Jaguardian (< 20) Submitted: 3/27/2014 10:35:42 AM : Outperform Start Price: $32.07 FCX Score: +2.22

There are a number of factors that makes this stock attractive. Its P/E is at a reasonable 12, and its forward P/E is at an even stronger 10. The PEG ratio is .43, which is outstanding. Its Price to Sale and Price to Book ratios, both 1.58, are solid. The current ratio is also strong at 2. The projected earnings per share rate over the next five years is 27.9 percent, and if that turns out to be remotely true, the stock price should rocket. Additionally, the stock offers a 4 percent dividend, so there is plenty of compensation while you wait around for price appreciation. On the technical side, the stock appears to have put in a double bottom since the beginning of February. While the mining industry has struggled, the future looks to be significantly better, but this of course is the whole key to the thesis, and I also grant that it is debatable.

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Member Avatar MrMonopoly (69.22) Submitted: 3/15/2014 7:28:30 AM : Outperform Start Price: $30.97 FCX Score: +6.14

Not the greatest company, but FCX takes economic rent, whatever the market will bear, to extract metal from locations it has exclusive access to.

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Member Avatar hlynda (< 20) Submitted: 2/15/2014 10:14:39 PM : Outperform Start Price: $33.49 FCX Score: -2.63

Oil and Gas in the deep water GOM will be a huge
driver of cash flow for many years.

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Member Avatar PatientJC (31.09) Submitted: 2/10/2014 2:38:23 PM : Underperform Start Price: $31.98 FCX Score: +0.34

commodities vs costs will cause it to remain flat

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Member Avatar WillyT41 (58.62) Submitted: 2/8/2014 10:45:53 AM : Outperform Start Price: $32.09 FCX Score: -0.87

Diverse base of essential natural resource reserves, with low cost, growing production across its portfolio. Strong cash flows, excellent dividend with potential for additional special payouts.

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Member Avatar NorbertV (< 20) Submitted: 1/28/2014 5:11:12 PM : Outperform Start Price: $32.20 FCX Score: -2.47

I hate this stock picked it at a high point and have hung on for 4 years. But think it has hit bottom and they are diversifying.

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Member Avatar camarodan64 (98.87) Submitted: 1/13/2014 10:03:51 PM : Outperform Start Price: $35.45 FCX Score: -8.89

The top in copper stockpiles is in, copper stockpiles now within the normal levels closer to the high end right now, copper stockpiles should continue to fall to 279,000 tonnes as the price of copper pushes for $4 when this is happening. Copper stockpiles now sitting at 345,000 tonnes

http://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_5years

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Member Avatar ruinas (28.00) Submitted: 12/17/2013 3:43:18 PM : Underperform Start Price: $33.99 FCX Score: +7.13

Slow recovery, but first more downside until copper buying by China resumes.

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Member Avatar icebox40 (81.03) Submitted: 10/28/2013 11:24:08 AM : Outperform Start Price: $36.43 FCX Score: -15.35

Tracking the "PRO"

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Member Avatar DukeMontrose (< 20) Submitted: 10/23/2013 6:15:19 PM : Outperform Start Price: $35.63 FCX Score: -13.91

A trophy asset stock in the sweet spot.

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Member Avatar martinfoolish (< 20) Submitted: 9/13/2013 8:29:26 PM : Outperform Start Price: $32.25 FCX Score: -6.54

underpriced now due to commodity market slump

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Member Avatar panda72 (99.80) Submitted: 9/6/2013 9:54:47 PM : Outperform Start Price: $30.25 FCX Score: -2.86

Trophy assets backed by a strong balance sheet in a cyclical industry at or near a trough. Real money pick with a modified synthetic long (32P/34C).

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Member Avatar MaDogger23 (< 20) Submitted: 9/6/2013 12:09:11 AM : Outperform Start Price: $30.04 FCX Score: -2.05

Freeport has expended a lot of money on exploration over the last several years, and after severely underperforming the market over the last 18 months, this well-managed, shareholder friendly company is poised for a rebound. I expect margins to expand as a result of cheaper extraction costs in its newer mines. And while you patiently wait for the share price to appreciate, you can collect (and reinvest) a 4% dividend that is only likely to grow.

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Member Avatar afewgoodstocks11 (33.96) Submitted: 8/23/2013 3:14:44 PM : Outperform Start Price: $29.91 FCX Score: -2.84

Limit 31.04, 8-23-13

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Member Avatar PhDFever (26.22) Submitted: 8/23/2013 10:32:16 AM : Outperform Start Price: $30.77 FCX Score: -4.85

Expect gold and gold mining to increase in the next 36 months. These guys have the copper play too. Great buy at its bottom.

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Member Avatar tomfrom1600 (< 20) Submitted: 8/9/2013 3:48:48 PM : Outperform Start Price: $30.55 FCX Score: -2.12

Global Housing and cars.
Copper is an integral component of cars more so with hybrids and construction of buildings large and small. LED lights use far less electricity than incandescent but require the same 12/3 wire to the power source.

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Member Avatar NuclearSteve (68.70) Submitted: 8/9/2013 11:55:44 AM : Outperform Start Price: $30.67 FCX Score: -2.57

Basic Material undervalued and beginning to move out of LONG downtrends. I like Copper here.

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