IB Net Payout Yields Model

Freeport-McMoRan: Copper Prices Heading Lower Will Hurt


  • Freeport-McMoRan will struggle if copper prices head below $2.50/lb for an extended period.
  • The company faces a large reduction in cash flow expectations from the lower copper prices.
  • Freeport-McMoRan holding $16 sets the stock up for a potential bounce, but it appears unlikely to hold due to copper prices.
   Despite some positive long-term expectations for the copper market, the current issues in China crushed the commodity over the last couple of months. Unfortunately, for Freeport-McMoRan (NYSE:FCX), the prospects of the company (see Freeport-McMoRan: Positive Prospects For Copper) are all built on copper prices that aren't faring so well now.

 Read the full article on Seeking Alpha.

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


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