Goldman Sachs Removed Freeport-McMoRan (FCX) from its Conviction Buy List

October 2, 2008 9:37 AM EDT

Goldman Sachs removed Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) from its Conviction Buy List. The firm reitearted their Buy rating.

Shares of Freeport-McMoRan are down 7.5% this morning to $49, a new 52-week low. The 52-week high is $127.24.

Freeport-McMoRan Copper & Gold, Inc. engages in the exploration, mining, and production of mineral properties primarily in Indonesia, North America, South America, and Africa.


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