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FCX
Freeport-McMoRan Copper & Gold Inc. - NYSE

7/10/2014, 2:42 AM ET
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  • Finally Time For Freeport McMoRan
    Bret Jensen Mon, Jun. 30 27 Comments

    Summary

    • The market has staged a huge rally over the past five years, both in equities and real estate.
    • One of the few stocks that has not participated in the impressive rise in the markets is the huge miner Freeport-McMoRan.
    • However, there are myriad reasons to believe that the miner's recent rally will continue and the shares will make up for lost time over the next few years.
  • Turbulence In Indonesia Is Manageable For Freeport-McMoRan
    Stephen Simpson, CFA Sat, Jun. 28 4 Comments

    Summary

    • Indonesia is playing hardball, but Freeport-McMoRan doesn't have nearly so much to lose after 2021, as ceasing operations post-2021 might only cost $4/share of value.
    • Freeport's efforts to diversify have reduced Indonesia to 20% of its production base and the energy assets offer higher-risk upside from exploration.
    • A fair value of $40 leaves worthwhile upside, with some cushion even if Indonesia worsens.
  • Freeport-McMoRan Tackles Balance Sheet Risk
    Seeking Profits Thu, May. 8 5 Comments

    Summary

    • Last year, Freeport diversified into oil and gas; while this decision has been profitable, it has left Freeport with $21 billion in debt.
    • Freeport aims to reduce this total to $12 billion by the end of 2016, which will require $3 billion in asset sales.
    • Freeport's sale of Eagle Ford properties will generate $2.5 billion in net proceeds, putting the company on track to hit its target.
    • With falling leverage and strong reserves, FCX should hit $40 this year.
  • Freeport-McMoRan Is Well-Positioned To Grow
    IAEResearch Mon, May. 5 6 Comments

    Summary

    • Energy assets are starting to contribute, and will become a substantial part of the total revenues over the next few months.
    • The Indonesian ban will result in short-term supply concerns for the company.
    • Focus on energy assets will allow the company to diversify the revenue mix and bring stability to revenues.
  • Freeport-McMoRan Is A Long-Term Buy
    Anup Singh Sun, May. 4 13 Comments

    Summary

    • Freeport's solid first-quarter report indicates the company's resilience in a tough market.
    • Freeport is focusing on cost reduction and expects its business in Indonesia to get back on track soon.
    • Freeport's projects have advanced impressively and they should result in long-term growth.
  • Freeport-McMoRan Won't Fall Below $30: Buy Shares Now
    Chris Lau Tue, Apr. 29 9 Comments

    Summary

    • Political risks are already priced into shares of Freeport-McMoRan. There may be an upside if restrictions are lifted.
    • Copper prices are stabilizing.
    • Long-term outlook is positive.
  • Why Freeport-McMoRan's Stock Is A Long-Term Investment Opportunity Right Now
    Arie Goren Sun, Apr. 27 39 Comments

    Summary

    • After the retreat in its stock price, it is now an excellent opportunity for a long-term investment in FCX at a cheap price.
    • FCX’s PEG ratio of 0.39 is one of the lowest among S&P 500 companies.
    • FCX’s average annual earnings growth estimates for the next five years is extremely high at 27.90%.
    • FCX’s forward annual dividend yield is quite high at 3.68%.
    • FCX beat EPS expectations by 11.6% in its latest quarter.
  • Freeport-McMoRan Is Attractive
    Seeking Profits Thu, Apr. 24 8 Comments

    Summary

    • Freeport reported quarterly earnings that exceeded estimates thanks to strong production from its oil unit.
    • A slowdown in Indonesia due to the export tax hurt copper production, but guidance suggests normal operations should resume soon.
    • FCX carries a lot of debt, but growing free cash flow will significantly cut this debt position over three years.
  • Freeport-McMoRan: Big Risk? Big Reward!
    Chuck Walston Tue, Apr. 15 31 Comments

    Summary

    • Greatly increased debt, lower copper prices and difficulties in Indonesia drive down the share price.
    • Consequently Freeport-McMoRan is undervalued.
    • New acquisitions should contribute greatly to future revenues.
    • Merrill Lynch forecasts Freeport-McMoRan will have net cash by 2020.
  • Freeport-McMoRan: Seeing Through The Storm
    Tradevestor Mon, Mar. 24 19 Comments

    Summary

    • After a 15% haircut in 2014, is Freeport-McMoRan a bargain here ?
    • Price target and dividends show a potential for double digit returns.
    • Investors must have a real long term horizon with this stock to reap rewards.
  • Freeport-McMoRan: A Few Identifiable Catalysts Are To Lift Valuation
    Stock Gamer Mon, Mar. 24 4 Comments

    Summary

    • FCX shares trade at a notable discount to average peer valuation despite the company's better growth and profitability profile.
    • It is believed that the current valuation has priced in major negatives including the Indonesian export tax issue and weak copper price.
    • Valuation upside is expected to be driven by management's commitment to cut debt, solid growth from O&G business, and potential recovery in copper price.
  • Time To Buy Freeport-McMoRan On The Pullback
    Anup Singh Thu, Mar. 20 17 Comments

    Summary

    • Freeport-McMoRan’s focus on operating efficiency is keeping its margins stable.
    • Freeport is strategically looking to increase production and keep costs down at the same time.
    • Freeport’s cheap valuation and solid earnings growth expectations make it a growth stock at a reasonable price.
  • Freeport-McMoRan: Headwinds From Indonesia
    Gemstone Equity Research Thu, Mar. 20 3 Comments

    Summary

    • Freeport-McMoRan Copper & Gold Inc. is in the limelight these days as copper prices are falling and investors are concerned about the company’s operations in Indonesia.
    • The lack of improvement in the Chinese economy has contributed to this fall in copper prices.
    • There are uncertainties associated with how the matter in Indonesia will conclude but the factors have already started to impact the company’s production from the region.
  • Freeport-McMoRan: Long-Term Prospects Are Bright For This Miner
    IAEResearch Wed, Mar. 19 16 Comments

    Summary

    • The expansion in the production capacity from North and South America will make up for the decline from Indonesia.
    • Energy investments and the recovery in the copper prices will support future growth.
    • Indonesian ban will halt the supply which will result in improved copper prices.
  • Freeport-McMoRan: A Great Buying Opportunity In A High-Yielding Stock
    Arie Goren Mon, Mar. 17 16 Comments

    Summary

    • After the retreat in its stock price, it is now an excellent opportunity for a long-term investment in FCX at a cheap price.
    • FCX’s PEG ratio of 0.35 is one of the lowest among S&P 500 companies.
    • FCX’s average annual earnings growth estimates for the next five years is extremely high at 27.90%.
    • FCX’s forward annual dividend yield is very high at 4.02%.
  • Freeport-McMoRan: China Concerns Are Overblown
    Seeking Profits Mon, Mar. 10 12 Comments

    Summary

    • Weak Chinese export data has spooked the metals market.
    • Exports were hurt by weather and holidays; imports, a better internal indicator, remain robust.
    • With low inflation, China can stimulate if needed.
    • Infrastructure needs in the developed, and emerging markets will benefit copper.
    • At 9x earnings, Freeport is irrationally cheap and is a buy here.
FCX vs. ETF Alternatives
Company Description

Freeport-McMoRan Copper & Gold deals in the mining of copper, gold and molybdenum.

Industry: Copper
Country: United States