Top 10 Cheap Stocks To Own For 2016

Top 10 Cheap Stocks To Own For 2016: Freeport-McMoran Copper & Gold Inc.(FCX)

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.

Advisors' Opinion:

• [By Matt DiLallo]

  Gold investors weren't the only ones having a rough year. Other commodities such as silver and copper have been sinking this year as well, sending top stocks such as Silver Wheaton (NYSE: SLW  ) and Freeport McMoRan (NYSE: FCX  ) down by double digits. Again, looking at the chart, you can see a pretty big correlation between falling commodity prices and the subsequent fall in the price of each stock.

• [By Matt DiLallo]

  It would make more sense, in my opinion, to have a more diversified miner added to the Dow Jones. In fact, I think the easy choice here is to go with Freeport McMoRan (NYSE: FCX  ) . It's the second-largest copper producer in the world; given the outlook for copper, it's a much better metal to gauge economic growth. In addition to copper, the company mines gold and molybdenum, which is an important metal used in steel production.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-cheap-stocks-to-own-for-2016.html