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

Rating:
Buy FCX
down 73.62 %

Freeport-mcmoran Copper & Gold, Inc. (FCX) upgraded to Buy with price target $48 by Standpoint Research

Posted on: Monday,  Mar 26, 2012  11:25 AM ET by Standpoint Research

Standpoint Research rated Buy Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) on 03/26/2012, when the stock price was $38.64.
Since then, Freeport-mcmoran Copper & Gold, Inc. has lost 73.63% as of 12/10/2015's recent price of $10.19.
If you would have followed this Standpoint Research's recommendation on FCX, you would have lost 73.62% of your investment in 1354 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2012 11:25 AM Buy
None
38.64 48.00
as of 12/31/2012
1 Week up  2.08 %
1 Month down  -12.33 %
3 Months down  -13.59 %
1 YTD up  2.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/16/2012 8:25 AM Hold
None
43.07
1/13/2012 11:25 AM Hold
None
41.94
11/28/2011 2:25 PM Buy
None
36.04 48.00
10/28/2011 3:25 PM Hold
None
42.57
9/28/2011 2:25 PM Buy
None
32.66 47.00
7/22/2010 11:25 AM Hold
None
34.76
7/1/2010 4:25 PM Buy
None
29.64 45.00

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