Climbing nearly 6% through January, the price of gold outpaced the meager gain — nearly 1% — of the S&P 500 . Unsurprisingly, many of the market’s largest gold stocks enjoyed double-digit gains, including Freeport-McMoRan Selling 1.1 million ounces of gold in fiscal 2016, Freeport-McMoRan has a strong presence in the gold market, but the company is also a major player in the copper market.
Category: Freeport
How Risky Is Royal Gold, Inc.?
In the end, Royal Gold isn’t risk free, but it may not be as risky as your typical ‘gold’ stock. A miner like Newmont digs holes in the ground, pulls out gold, and sells it.
Freeport-McMoRan Tops the S&P 500; Now What?
Freeport-McMoRan surged over 7% on Wednesday, the end of the stock’s six-week pullback. Here’s how you trade the stock Freeport-McMoRan has reversed sharply from last week’s close.
Jim Cramer — Valeant Has Too Much Debt
Shares of Valeant Pharmaceuticals are down about 2% Wednesday morning after analysts at Piper Jaffray cut their price target to $11 and maintained an underweight rating. Shares currently trade around $15.
Cramer: Freeport McMoRan Might Have Run Out of Gas
Energy powerhouse Freeport McMoRan rallied 94% in 2016, making it the S&P 500’s No. 3 gainer for the year — and perhaps the ultimate “back-from-the-dead” stock from among the index’s big winners for the year.