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

Rating:
Overweight
FCX
down 67.30 %

Freeport-mcmoran Copper & Gold, Inc. (FCX) rated Overweight with price target $43 by Barclays

Posted on: Thursday,  Jan 23, 2014  3:25 PM ET by Barclays

Barclays rated Overweight Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) on 01/23/2014. Previously Barclays rated Overweight Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX)
on 06/03/2013., when the stock price was $31.17. Since then, Freeport-mcmoran Copper & Gold, Inc. has lost 67.31% as of 12/10/2015's recent price of $10.19.
If you would have followed the previous Barclays's recommendation on FCX, you would have lost 67.3% of your investment in 920 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2014 3:25 PM Buy
None
33.57 43.00
as of 10/17/2014
1 Week down  -1.04 %
1 Month down  -12.08 %
3 Months down  -21.19 %
1 YTD down  -19.60 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2013 12:25 PM Buy
None
36.44 45.00
6/3/2013 1:25 PM Buy
None
31.17 40.00

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