Freeport McMoRan (FCX)

Re: Freeport McMoRan (FCX)

Postby winston » Thu Jul 07, 2016 8:20 am

not vested

Freeport-McMoRan Inc (NYSE: FCX)
by: Christian Tharp, CMT

Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources.

The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas.

It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa.

Source: Today's Big Stock

http://todaysbigstock.com/2016/07/06/fr ... yse-fcx-2/
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Re: Freeport McMoRan (FCX)

Postby winston » Wed Sep 28, 2016 8:15 am

The Best S&P 500 Stocks, #9: Freeport-McMoRan (FCX)

Industry: Integrated Mining
Market Cap: $13.1 billion
YTD Performance: 51%

Commodity stock Freeport-McMoRan Inc. (NYSE:FCX) was left for dead by many investors at the end of 2015, when rumors of bankruptcy swirled and as the company struggled to manage its debt load.

However, while shares are still down about 80% from their 2012 highs, FCX stock has rebounded nicely from its lows about nine months ago thanks to cutting its debt and seeing improvement in the prices for its mineral assets such as copper and gold.

The future remains uncertain, but bold investors who bought the bottom in Freeport-McMoRan have been nicely rewarded in 2016

Source: Investor Place
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Re: Freeport McMoRan (FCX)

Postby winston » Wed Nov 09, 2016 4:39 am

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In the S&P 500, Freeport-McMoRan (FCX) led with a 7% pop.

The copper, gold and silver miner is working on a base.

The Street expects Freeport to earn 23 cents a share this year, up from 2015's loss of 13 cents a share.

In 2017, analysts peg earnings at $1.14 a share, which would be a 396% increase.

Both estimates have been raised by analysts.

Source: IBD
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Re: Freeport McMoRan (FCX)

Postby winston » Tue Nov 22, 2016 8:07 pm

Copper producer Freeport-McMoRan jumps 45%-plus since mid-October.
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Re: Freeport McMoRan (FCX)

Postby winston » Fri Nov 25, 2016 8:40 pm

A HUGE 'BAD TO LESS BAD' WINNER

Today's chart highlights one of our favorite strategies at work...

Regular readers know that Steve coined the term "bad to less bad trading" several years ago. It involves buying assets that have gotten crushed and making massive profits as the market starts to return to normal – or when things simply get "less bad."

Right now, we can see a huge "bad to less bad" move in shares of mining giant Freeport-McMoRan (FCX). Freeport owns the famous Grasberg mine in Indonesia – the world's largest gold mine and third-largest copper mine. After sliding lower for most of the past five years, FCX is finally showing signs of life.

FCX had completely crashed, falling from around $60 per share to less than $4. But as things have gotten "less bad" in commodities, FCX has exploded higher... Shares are up more than 300% since January and hit a new 52-week high earlier this week. It's a perfect example of the power of "bad to less bad" trading...

Source: Daily Trading
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Re: Freeport McMoRan (FCX)

Postby winston » Fri Jan 27, 2017 10:18 am

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Indonesian Mine Problems Could Crimp Freeport McMoRan

By Teresa Rivas

Source: Barron's

http://blogs.barrons.com/asiastocks/201 ... t-mcmoran/
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Re: Freeport McMoRan (FCX)

Postby winston » Thu Apr 06, 2017 9:27 am

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Buy Freeport For Indonesia Gold & Copper Upside, Jefferies Says

By Dimitra DeFotis

Mining giant Freeport-McMoRan (FCX) is mired in licensing negotiations at its Grasberg copper and gold mine in Indonesia, which is important in that it accounts for roughly a third of the company’s value.

Jefferies Analyst Christopher LaFemina, along with Patricia Hove and Timothy Ward, note that little progress has been made in Indonesia, where the government wants the company to convert from a contract to a special mining license.

The result could force Freeport to sell a stake to local owners at a lower valuation, build a smelter and limit its mining rights past 2021.

LaFemina maintains the company is undervalued, but says the upside will be limited until the Grasberg case is resolved; in February, Freeport said it could seek international arbitration.

Resolution is the likely outcome, he says in a fresh video and report. The Jefferies team recommends buying the shares now “for the long-term investment horizon.”

Freeport shares, trading near $13.72, are up 1.3% today, and have climbed about 55% over the past year. LaFemina concludes that compliance with Indonesia’s demands could mean a value near $17 per share, for upside of as much as 24%.

He adds that selling completely to Indonesia and possibly another party could bring $16 per share, and other options produce similar values.

Shares of some mining and commodity plays performed more than twice as well as Freeport. Vale (VALE) is up 143% over the past year and Glencore (GLNCY) is up 103%. BHP Billiton (BHP) is up 58%. Gold miners have been a more mixed bag, with Sibanye Gold (SBGL) down 34% and Barrick Gold (ABX) up 37%.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ries-says/
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Re: Freeport McMoRan (FCX)

Postby winston » Sat Jan 27, 2018 10:27 pm

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Despite Earnings Beat, Concerns Linger for Freeport-McMoRan Inc Stock

FCX stock did great this quarter, but there's a lingering problem

By AARON LEVITT

Freeport still hasn’t come to an agreement with the Indonesian government.

The deliberations have taken so long that Indonesia has issued another temporary operating license for Freeport that will give it another six months to negotiate a deal.


Source: Investor Place

https://investorplace.com/2018/01/conce ... myHGaiWaM8
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Re: Freeport McMoRan (FCX)

Postby winston » Wed Apr 25, 2018 8:18 pm

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Buy This Stock on Its Post-Earnings Dip

by James Brumley

Revenue was up 46% year-over-year;

Profits essentially tripled from the year-ago figure of 16 cents per share.

The forward-looking P/E of 11.3 is still a bargain price.


Source: Investor Place

http://dailytradealert.com/2018/04/25/b ... nings-dip/
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Re: Freeport McMoRan (FCX)

Postby winston » Sat Aug 18, 2018 8:24 am

Stocks to Buy at the Bottom: Freeport-McMoRan, Inc. (FCX)

Freeport-McMoRan Reaches Agreement, But It’s Not What Investors Wanted

Phoenix-based copper miner Freeport-McMoRan (NYSE:FCX) has fallen steadily since reaching a high of over $60 per share. It bounced back slightly from the single-digits.

However, since 2016, it has held a price floor at the low-teens per share level. Investors will see if this becomes one of the better stocks to buy at the bottom. After briefly surpassing the $20 per share level, it fell back again. FCX stock currently trades around $14 per share.

Still, shareholders might see a reason to believe starting in 2020. Analysts expect earnings in 2019 to fall back to 2017 levels. However, they predict growth will resume in 2020. Over the next five years, Wall Street predicts an annual growth rate of 17.6% on average.

Moreover, investors can buy this future growth at a low valuation. The stock trades at a P/E of just over seven right now. That will briefly rise to just above ten if the prediction for lower 2019 earnings comes to pass. Assuming a sustained increase in profits in 2020 and beyond, that growth should inspire buyers to bid up the FCX stock price.

Furthermore, after suspending dividends in the previous two years, the company began to pay a 20-cent per share annual dividend this year. That amounts to a yield of about 1.4% for now.

However, dividends topped out at $2.25 per share in 2013. The yield will become quite generous if the dividend can return to even half that level. Although profiting from FCX may involve a wait, I think it has reached a lucrative buy price for long-term investors.

Source: Investor Place
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