Seeking Alpha Seeking Alpha Portfolio App for iPad  Near-term
macroeconomic headwinds and a third-quarter earnings report shy
of analysts' estimates should provide opportunities for
significant capital appreciation in the mid to long term for
metals firm Freeport-McMoRan Copper & Gold (FCX). The company
has comparable metrics, an adequate dividend, and a robust
portfolio of divergent assets that should provide substantial
opportunities for increased revenues and earnings, driven by
emerging markets and recovering economies in the East.
Initiating a position in the near term will optimize
shareholders' potential to realize capital appreciation and ROI
on this asset.  Diversified mining firms with cold or copper
assets like Barrick (ABX), Vale (VALE), BHP Billiton (BHP), and
Rio Tinto (RIO) are most comparable to Freeport-McMoRan.
Freeport-McMoRan and BHP Billiton are both priced around 12.3
times earnings, while Barrick is priced around 9.5 times
earnings, Rio Tinto is priced around 22.9 times earnings, and Va