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Freeport-McMoRan Inc. (FCX $65.25)
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Lundin Mining Corporation (LUN $40.23)
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Capstone Copper Corp. (CS $13.82)
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Ivanhoe Mines Ltd. (IVN $15.81)
Q: I'm looking to get exposure to copper. What are your thoughts on IVN? Is this a good entry point? If not, what is your favorite copper name in this sector?
5i Research Answer:
Our favourites are LUN, CS, FCX; IVN certainly has very good copper leverage, but it is in a politically sensistive area, and fairly highly promoted as stock. It is also more expensive than the others on valuation.