Freeport-McMoRan is one of the largest copper producers in the world. In this video, Portfolio Manager Kevin Bertoli explores why the PM Capital team became interested in commodities as an investment theme, then drilled down into copper and from there identified Freeport-McMoRan as an attractive long term investment opportunity.
Freeport has low cost, high quality mining assets, trades on a single digit P/E ratio and may be the beneficiary of M&A activity.
The content reflects opinions as at the time of writing and may change. PM Capital may now or in the future deal in any security mentioned. It is not investment advice.