Copper - analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper - analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen O who wrote (342)	9/5/2001 10:22:22 AM
From: Archie Meeties	Read Replies (1) of 2131

I'm dipping my toe in here with some copper futures. Copper is priced at roughly the same level as the nadir of the Asian crisis, a point at which there was 200,000 more MT in LME inventory (and who know how much in Chinese hands). This from Goldman on FCX. Be sure to read the last line... RESEARCH ALERT-Goldman cuts Freeport '01 EPS outlook TUESDAY, SEPTEMBER 04, 2001 12:00 PM - Reuters NEW YORK (Reuters) - Goldman Sachs Tuesday said it lowered its earnings outlook on mining company Freeport-McMoRan Copper & Gold Inc. for 2001 and raised its view for 2002. Analyst Daniel McConvey, who maintained his ``recommended'' rating on the company, said lower copper price forecasts prompted him to reduce his 2001 estimate to 73 cents a share from 83 cents. He increased the 2002 outlook to 84 cents a share from 66 cents because of projected reductions in interest expenses and smelter business losses. ``Freeport has the most attractive fundamentals of any company in our universe,'' the analyst said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next