Upload
valuenginecom
View
219
Download
0
Embed Size (px)
Citation preview
8/8/2019 Freeport McMoRan Provides Big Gains
http://slidepdf.com/reader/full/freeport-mcmoran-provides-big-gains 1/2
ATTENTION Investors and Finance Professionals:If you are reading this you should sign up for ValuEngine's award-winning stock
valuation and forecast service at the low price of $19.95/month!NO OBLIGATION, 14 Day FREE TRIAL!
CLICK HERE
September 21, 2010
Forecast Model Success Story
Freeport McMoRan Provides Big Gains
Freeport-McMoRan (FCX) is engaged in mineral exploration and development,
mining and milling of copper, gold, and silver in Indonesia, and the smelting and
refining of copper concentrates in Spain and Indonesia. They are the world's lowest-
cost copper producer and one of the world's largest producers of copper and gold.
FCX's operations are conducted through its subsidiaries, P.T. Freeport Indonesia (PT-FI),
P.T. IRJA Eastern Minerals Corporation (Eastern Mining) and through Atlantic Copper,S.A. (Atlantic).
Since selected for inclusion in out Forecast 22 Market Neutral Strategy
Portfolio, Freeport-McMoRan has returned almost 30% in two months. It has been a
Basic Industries Sector powerhouse along with its sister pick, Domtar Paper (UFS)--
which is up smartly as well. Freeport-McMoRan remains ranked a buy, but the
valuation does appear to be a bit overdone. Our models find the stock has good
forecasts, but is pushing into an overvalued status. Critical for Freeport-McMoRan's
prospects will be the price of Copper. Should the world-wide recovery falter and
commodities prices decline, the company may prove unable to sustain its recentperformance-- and profits.
Subscribers can check out the latest figures on Freeport-McMoRan from our models
HERE
8/8/2019 Freeport McMoRan Provides Big Gains
http://slidepdf.com/reader/full/freeport-mcmoran-provides-big-gains 2/2
Not a ValuEngine Premium Website member? Then please consider signing up for our
no obligation, free trial today.
To Sign Up for a Two Week FREE TRIAL, Please Click the Logo Below
MARKET OVERVIEWSummary of VE Stock Universe
Stocks Undervalued 64.75%
Stocks Overvalued 35.25%
Stocks Undervalued by 20% 32.74%
Stocks Overvalued by 20% 12.39%
SECTOR OVERVIEW
Sector Change MTD YTD ValuationLast 12-
MReturn
P/E
Ratio
Basic Industries -0.35% 4.63% 19.10% 1.48% overvalued 31.10% 23.39
Capital Goods -0.45% 4.42% 13.05% 7.67% undervalued 8.60% 20.55
Consumer Durables -0.76% 5.54% 9.86% 12.15% undervalued 20.16% 17.46
Consumer Non-Durables -0.27% 4.07% 5.13% 5.83% undervalued 17.47% 16.9
Consumer Services -0.58% 6.14% 7.39% 7.41% undervalued 11.35% 20.9
Energy 0.15% 5.68% 0.16% 1.98% overvalued 22.92% 24.91
Finance -0.35% 4.11% 9.65% 5.02% undervalued 2.50% 18.2
Health Care -0.26% 6.14% 17.89% 12.22% undervalued 0.91% 21.54
Public Utilities -0.51% 1.62% -3.00% 1.57% undervalued 10.86% 18.88
Technology -0.23% 7.47% 12.32% 10.02% undervalued 18.42% 24.29
Transportation 0.04% 5.83% 9.44% 1.87% undervalued 12.14% 18.86