March 17, 2013
For all the risk in the mining business, there are good reasons to buy Freeport-McMoRan. In this video, the Fool's Jim Mueller explains that Freeport pays a solid and growing dividend backed by strong cash flow. It operates the largest copper and gold mine in the world. And management's experience has strengthened the company and should keep Freeport growing.
After putting together a blockbuster deal to expand into the oil and natural gas industry, Freeport-McMoRan will have plenty on its plate as it tries to adapt to the new industry, as expanding into oil and gas carries plenty of inherent volatility. FCX had a profitable copper business, and on top of this foray into a new industry it still has to contend with mining industry bellwether BHP Billiton. To help investors determine if Freeport-McMoRan is a buy or a sell, we've compiled a brand new premium report on the company! Click here now to gain instant access!