Freeport-McMoRan Completes Sale of Onshore California Properties

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Jefferies Reiterates Buy on Freeport-McMoran (FCX)

January 3, 2017 6:53 AM EST

Jefferies reiterated a Buy rating and $16.00 price target on Freeport-McMoRan (NYSE: FCX) as the company discusses mining rights at Grasberg and exports of unprocessed concentrates after January 11th, 2017 with Indonesia.

Analyst Christopher LaFemina commented, "Freeport and Indonesia are discussing long-term mining rights at Grasberg... More