Why Freeport-McMoRan Is Ready to Rebound
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 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)
$3.3 billion / $21.2 billion
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 6,014 members who have rated Freeport believe the stock will outperform the S&P 500 going forward.
Bouncing about its 52 week low. The recovery now underway could spell improving copper prices for this miner. VERY attractive P/E and [dividend yield] on paper may not be the going forward metrics, but offers some prospects of downside support.
If you want market-thumping returns, you need to put together the best portfolio you can. 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 Ready to Rebound originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. 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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