Friday, June 5, 2015

Freeport-McMoRan: Positive Prospects For Copper


  • Freeport-McMoRan faces a tough road in 2015 due to cash flow concerns and low copper prices.
  • The company has much better prospects heading into 2016 with better cash flows from reduced capital spending and the outlook for copper prices.
  • The stock should remain a prime an investment target for 2016.
The story for Freeport-McMoRan (NYSE:FCX) continues to remain relatively simple. The stock will move in relation copper prices over the long term. As highlighted in Freeport-McMoRan: Focus On Copper Prices, Not Earnings, the miner obtains the majority of revenues and cash flows from the copper mines.

Read the full article at Seeking Alpha.


Disclosure: Long FCX. Please review the disclaimer page for more details. 




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