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