This High-Flying Stock Has a $3.7 Billion Secret Weapon
Shares of Freeport-McMoRan (NYSE: FCX) have already demonstrated their potential with a 13% gain this year that has easily outpaced the S 500's near 5% improvement. This success story is just the beginning, and it's a strong indicator of the potential for this commodity play to outperform the market.
I am optimistic that this trend could continue, and it's not just a case built on a bullish outlook for the price of copper. Here's why.
Given its exposure to copper and, to a lesser extent, molybdenum and gold, there's no point buying the stock unless you are either optimistic about the price of copper or willing to accept the current price over the long term.
Source Fool.com
Freeport-McMoRan Inc. Stock
€49.46
3.290%
With 12 Buy predictions and not the single Sell prediction the community is currently very high on Freeport-McMoRan Inc..
With a target price of 50 € there is a slightly positive potential of 1.09% for Freeport-McMoRan Inc. compared to the current price of 49.46 €.
