Freeport-McMoRan (FCX) Higher as Copper May Rally Further
Get Alerts FCX Hot Sheet
Price: $48.38 +0.29%
Rating Summary:
21 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
21 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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
- Freeport-McMoRan (FCX) PT Lowered to $53 at Scotiabank
- Meta Platforms Inc. (META) PT Lowered to $575 at UBS, 'shares are offering a 3-to-1 skew'
- Crude Inventory Declined 6.4 Million Barrels Last Week
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!