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Freeport-McMoRan Inc. (FCX $70.01)
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Lundin Mining Corporation (LUN $37.88)
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Capstone Copper Corp. (CS $12.11)
Q: Please compare these three stocks. What would be your preferred stock. Also what would be the reasonable entry price for these. Thanks
5i Research Answer:
The performance of these three miners will depend mostly on gold prices going forward. For growth-oriented investors, we think CS and FCX may be a better fit, while LUN could be a good choice for investors who seek a balanced approach in terms of upside potential and downside protection.
Again, a key factor that determines whether investments in these three names will work is copper prices. If copper prices move back to all-time highs, we think all three could be a buy here. Between the three, CS would be our choice, and we would be comfortable adding some on weakness.