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10 Stocks to Benefit from Stronger Yuan

8. Freeport-McMoRan (FCX - Get Report) explores for copper, silver and gold.

Quarter: First-quarter profit multiplied to $945 million, or $2, as revenue soared 68%. The operating margin rose from 27% to 47%. The balance sheet stores $3.8 billion of cash and $6.1 billion of debt, translating to a debt-to-equity ratio of 0.6.

Stock: Freeport-McMoRan has appreciated 36% during the past year, beating U.S. indices. It trades at a price-to-projected-earnings ratio of 7.1, a 54% discount to its peer average. Its PEG ratio of 0.2 reflects an 80% discount to estimated fair value.

Consensus: Of firms covering Freeport, 13, or 65%, rate its stock "buy", six rate it "hold" and one ranks it "sell." Barclays (BCS) predicts that the stock will gain 74% to $120. JPMorgan (JPM) values it at $111, leaving 41% of potential upside.

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CAT $85.32 0.85%
COH $42.50 -0.36%
CMI $138.92 1.80%
FCX $21.87 5.00%
TIF $85.94 -1.40%


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