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
€50.71
1.620%
Freeport-McMoRan Inc. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
However, we have a potential of -1.4% for Freeport-McMoRan Inc. as the target price of 50 € is below the current price of 50.71 €.
