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

Rating:
Buy FCX
down 30.32 %

Forecasts & Strategies picks Freeport McMoRan (FCX) for 2009

Posted on: Saturday,  Feb 14, 2009  2:27 AM ET by The Stock Advisors Top Stocks For 2009

The Stock Advisors Top Stocks For 2009 rated Buy Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) on 01/08/2009, when the stock price
was $14.63. Since then, Freeport-mcmoran Copper & Gold, Inc. has lost 30.32% as of 12/10/2015's recent price of $10.19.
If you would have followed this The Stock Advisors Top Stocks For 2009's recommendation on FCX, you would have lost 30.32% of your investment in 2527 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.

Every year since 1983, thestockadvisors has polled the nation’s leading financial newsletter advisors asking them to select their favorite stocks for the coming year. In this year’s special report, 75 “best of breed” advisors have joined to provide you with the ultimate shopping list of trading and investing ideas for 2009. The stocks that are featured range from conservative, high quality blue chips to exciting home run speculations, for those willing to incur high risk in exchange for the potential to maximize upside gains. Importantly, readers should be certain that any stocks you consider meet your own investment strategy, time horizen and risk tolerance. As such, investors should view the 75 stocks in this report as a only as a starting place; do you own research, and continue to monitor any stocks that you may buy. Advisors are making their selections based on their current analysis of a company within the current market environment. But fundamentals change, and a stock that is now a favorite buy can quickly become a sell, based on future events.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/8/2009 12:00 AM Buy
None
14.63
as of 12/31/2009
1 Week up  32.50 %
1 Month up  30.91 %
3 Months up  57.99 %
1 YTD up  270.59 %

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