Wall Street Fundamentals Releases New In-Depth Stock Reports on FCX, SCCO, TC and TCK


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Companies Mentioned

NYSE:FCX / NYSE:SCCO / NYSE:TC / NYSE:TCK
01/15/2014 [ACCESSWIRE]

Barclays has recently raised its 2014 price target for copper due to an improved demand outlook. The firm forecasts the metal to average $3.23 a pound in 2014 and then rise to $3.63 a pound the following year. The price increase is largely driven by increased Chinese demand, which Barclays has raised to 7.5 percent from 6.0 percent. “Alongside a recovery in global growth, we think this will result in a tighter market in 2015 and the beginning of a period of higher prices,” says Barclays analyst Gayle Berry.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) shares traded in the range of $35.18 to $36.17 Tuesday before settling to close at $36.12, an increase of 1.38 percent. The stock appears to be facing some resistance at the $37.07 and $37.74 levels with some support at $35.88. Shares of Freeport-McMoRan have gained approximately 3.0 percent in the past year.

More information on Freeport-McMoRan and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/FCX

Southern Copper Corp. (NYSE: SCCO) shares traded in the range of $28.16 to $28.74 Tuesday before settling to close at $28.38, an increase of 2.01 percent. The stock appears to be facing some resistance at the $28.68 and $29.08 levels with some support at $27.78. Shares of Southern Copper have fallen approximately 28.0 percent in the past year.

More information on Southern Copper and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SCCO

Thompson Creek Metals Company Inc. (NYSE: TC)(TSX: TCM) shares traded in the range of $2.50 to $2.69 Tuesday before settling to close at $2.58, an increase of 17.81 percent. The stock appears to be facing some resistance at the $2.62 and $2.84 levels with some support at $2.50. Shares of Thompson Creek Metals have fallen approximately 38.0 percent in the past year.

More information on Thompson Creek Metals and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/TC

Teck Resources Ltd. (NYSE: TCK) shares traded in the range of $23.90 to $24.49 Tuesday before settling to close at $24.01, an increase of 0.04 percent. The stock appears to be facing some resistance at the $24.08 and $24.46 levels with some support at $23.39. Shares of Teck Resources have fallen approximately 35.0 percent in the past year.

More information on Teck Resources and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/TCK

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
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www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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