Top 10 Diversified Bank Companies To Watch For 2015: Freeport-McMoran Copper & Gold Inc.(FCX)
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.
Advisors' Opinion:- [By Jim Mueller]
Digging deeper
When Freeport-McMoRan Copper & Gold (NYSE: FCX ) announced that it was purchasing McMoRan Exploration and Plains Exploration & Production for cash and stock last December, I really didn't like it. However, often the best action with one's investments is to not trade on news like that. (And you'll save from not paying commissions or capital gain taxes.) - [By Namitha Jagadeesh]
Freeport-McMoRan Copper & Gold Inc. (FCX) fell 1.1 percent to $35.41 in early New York trading as Goldman Sachs Group Inc. lowered its recommendation on the largest U.S. miner to neutral from buy, citing a lack of near-term catalysts to drive the stock higher.
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense, and which ones investors should act on. Today, our headlines include new buy ratings for a pair of specialty retailers, Coach (NYSE: COH ) and Aeropostale (NYSE: ARO ) . Meanwhile in mining, Freeport-McMoRan (NYSE: FCX ) suffers a downgrade. ! Let's dive right in, beginning with why...
- [By Jon C. Ogg]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was shown by Deutsche Bank with a $40 price target and the Thomson/First call estimate was at $38. that 4.5% dividend stood out at the time. At the time its stock was at $27.30 and shares are up 13% now that the stock is up at $30.85. The stock’s 52-week range is $26.37 to $43.65 and the current consensus price target is $36.06 rather than $38 when Deutsche bank nailed it.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-diversified-bank-companies-to-watch-for-2015.html
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