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Re: Hey wilk..what about this?NEW YORK (TheStreet) -- Shares of Freeport-McMoRan (FCX) are sinking, down 2.57% to $26.16 Monday morning, as the natural resources company is nearing a more than $100 million settlement to resolve allegations by its shareholders concerning its 2013 purchase of McMoRan Exploration and Plains Exploration & Production, the Wall Street Journal reports. Shareholders of Freeport-McMoRan have reportedly alleged that the mining company's board and executives overpaid for its $9 billion purchase of the two oil-and-gas companies, saying the acquisitions were aimed at rescuing the struggling McMoran Exploration, in which Freeport held shares, the Journal added. Phoenix, AZ-based Freeport-McMoRan acquired McMoRan Exploration for $2.1 billion, and also acquired Plains Exploration & Production for about $6.9 billion. Must Read: Warren Buffett's 25 Favorite Stocks Separately, TheStreet Ratings team rates FREEPORT-MCMORAN INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate FREEPORT-MCMORAN INC (FCX) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk." Highlights from the analysis by TheStreet Ratings Team goes as follows:
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