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

down 76.10 %

Freeport-mcmoran Copper & Gold, Inc. (FCX) rated Buy

Posted on: Monday,  Jan 28, 2008  3:48 PM ET by Barrons 10 Tempting Bargains

Barrons 10 Tempting Bargains rated Buy Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) on 01/26/2008, when the stock price was
$42.65. Since then, Freeport-mcmoran Copper & Gold, Inc. has lost 76.11% as of 12/10/2015's recent price of $10.19.
If you would have followed this Barrons 10 Tempting Bargains's recommendation on FCX, you would have lost 76.1% of your investment in 2875 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.

10 Tempting Bargains. The trouble may not be over, but Barrons found 10 stocks that look irresistibly cheap.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2008 4:00 PM Buy
1 year
as of 12/24/2008
1 Week down  -5.69 %
1 Month up  0.14 %
3 Months up  79.43 %
1 YTD down  -59.66 %

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