Soaring Metals Mean More Gold for Freeport

Could Freeport-McMoRan Copper & Gold(FCX Quote) still have some more to give?

The stock has more than doubled since the beginning of the year on the back of a buoyant cocktail: Soaring metal prices in each of the miner's main products -- copper, molybdenum and gold -- and the benefit of geographical diversification following its acquisition of Phelps Dodge in March.

Maybe the easy money is gone, and some bears would make the case that the commodities bull market that also has pushed miners BHP Billiton(BHP Quote), Rio Tinto(RTP Quote) and Southern Copper(PCU Quote) to 52-week highs could be near its end -- either of which could stall growth for Freeport. But there's still reason to believe the company's stock could go higher. ...