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Freeport-mcmoran Copper & Gold, Inc. (FCX) [hlAlert]

Rating:
Buy FCX
down 79.83 %

Freeport-mcmoran Copper & Gold, Inc. (FCX) rated Buy with price target $39 by UBS

Posted on: Wednesday,  Jan 23, 2013  10:25 AM ET by UBS

UBS rated Buy Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) on 01/23/2013. Previously UBS rated Buy Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX)
on 07/23/2008., when the stock price was $50.53. Since then, Freeport-mcmoran Copper & Gold, Inc. has lost 79.83% as of 12/10/2015's recent price of $10.19.
If you would have followed the previous UBS's recommendation on FCX, you would have lost 79.83% of your investment in 2696 days.

Freeport-McMoran Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company. The Company?s portfolio of assets includes the Grasberg minerals district in Indonesia, which contains single recoverable copper reserve and the single gold reserve of any mine; significant mining operations in North and South America, and the Tenke Fungurume development project in the Democratic Republic of Congo (DRC). As of December 31, 2008, consolidated recoverable proven and probable reserves totaled 102.0 billion pounds of copper, 40 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver and 0.7 billion pounds of cobalt. Approximately 35 % of its copper reserves were in Indonesia, approximately 31 % were in South America, approximately 28 % were in North America and approximately six % were in Africa.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2013 10:25 AM Buy
None
35.13 39.00
as of 12/13/2013
1 Week up  0.26 %
1 Month down  -5.47 %
3 Months up  3.93 %
1 YTD up  0.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2011 12:25 PM Buy
None
54.57 63.00
10/22/2010 10:25 AM Buy
None
47.10 57.50
9/24/2010 11:25 AM Buy
None
43.27 48.50
1/27/2009 12:25 PM Buy
None
12.82 15.00
1/13/2009 1:25 PM Buy
None
12.84 16.00
12/4/2008 12:25 PM Buy
None
9.05 13.00
7/23/2008 10:25 AM Buy
None
50.53 67.50

(*) Stock Price at the time of the recommendation.
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