Bank of America says a more bullish outlook for gold and copper could benefit a handful of stocks.
Bank of America also sees copper climbing 8% in 2024 to $9,321 per metric ton.
To play its bullish outlook for copper and gold, the firm also named a slate of stocks that could see a boost.
FCX YTD mountain Freeport-McMoRan stock.
Bank of America highlighted Freeport-McMoRan's "stable production profile, low unit costs and [an] improving balance sheet" as drivers behind its price target.
Persons:
Lawson Winder, Winder
Organizations:
of America, Bank of America, Federal Reserve, Bank of, Mines, Eagle Mines
Locations:
U.S, Freeport, McMoRan