Why Freeport-McMoRan is Poised to Bounce Back
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, global mining giant Freeport-McMoRan Copper & Gold has earned a respected four-star ranking.
With that in mind, let's take a closer look at Freeport, and see what CAPS investors are saying about the stock right now.
Phoenix, Ariz. (1987)
Diversified metals and mining
CEO Richard Adkerson
CFO Kathleen Quirk
Return on Equity (average, past 3 years)
$3.7 billion / $3.5 billion
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 5,965 members who have rated Freeport believe the stock will outperform the S&P 500 going forward.
Just yesterday, one of those Fools, All-Star dcgatlanta, tapped the stock's recent slide as a particularly solid bargain opportunity:
Market reaction to 2 acquisitions has been severe. [Freeport] has good balance sheet, generates a lot of free cash and pays a 3.3% dividend. The acquisitions will diversify their revenue presumably lowering company risk to copper & gold price swings.
If you want market-thumping returns, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future. Of course, despite a strong four-star rating, Freeport may not be your top choice.
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The article Why Freeport-McMoRan is Poised to Bounce Back originally appeared on Fool.com.
Fool contributor Brian Pacampara has no positions in the stocks mentioned above. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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