Freeport-McMoRan (FCX) Higher as Copper May Rally Further
Tweet
Share
E-mailGet Alerts FCX Hot Sheet
Price: $76.66 +7.64%
Rating Summary:
28 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
28 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are mildly higher in reaction to the move higher in metals and positive comments from analysts on copper prices.
BNP Paribas metals strategist Stephen Briggs said prices of copper may rally in late 2012 and early 2013 as market remains relatively tight outside China. Specifically, Briggs sees the metal jumping to $8,500 in the coming months.
Shares of FCX last traded at $38.67, up 1.05 percent.
BNP Paribas metals strategist Stephen Briggs said prices of copper may rally in late 2012 and early 2013 as market remains relatively tight outside China. Specifically, Briggs sees the metal jumping to $8,500 in the coming months.
Shares of FCX last traded at $38.67, up 1.05 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
- Goldman Sachs Downgrades AAC Technologies Holdings Inc. (2018:HK) (AACAY) to Neutral
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
Create E-mail Alert Related Categories
Analyst Comments, Commodities, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
