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0 0.002626158599382 -0.00205973223480943 -0.00669412976313074 -0.00154479917610716 -0.00102986611740472 0.0102986611740473 0.0210298661174048
Stock impact report

Freeport-McMoRan: Bargain Bin [Seeking Alpha]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Below $10, Freeport-McMoRan is down 50% off the yearly highs. The stock has fallen far more than the key copper price that drives strong cash flows. The company is headed into a transition year with the Grasberg mine in 2019. The $14 billion valuation is incredibly low for operating cash flows that could easily rebound to $5+ billion in 2021. In the last year, Freeport-McMoRan ( FCX ) has dropped about 50% from the highs to dip below $10. The price of copper has seen nowhere near the same drop suggesting the market is overplaying the weakness in the business and supporting my bullish thesis . Image Source: Freeport-McMoRan website Copper Isn't The Problem Though copper has recently taken a leg lower, the price of copper during Q4 has approximately matched the prices during Q3 around $2.80/lb. The real issue is where copper heads from here as the global economy goes into an apparent slowdown. Probably, the bigger short-term issue w Show less Read more
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