FREEPORT-McMoRAN COPPER AND GOLD (FCX $36.76, rated Overweight, price target raised from $56 to $59) OIL AND GAS OPERATIONS REVIEWED; CERRO VERDE REINCORPORATED INTO OUR MODELS; 2014-2016 CAPITAL EXPENDITURE ESTIMATES INCREASED; 2014 AND 2015 COPPER PRICE ESTIMATES INCREASED

FREEPORT-McMoRAN COPPER AND GOLD (FCX $36.76, rated Overweight, price
target raised from $56 to $59) OIL AND GAS OPERATIONS REVIEWED; CERRO
VERDE REINCORPORATED INTO OUR MODELS; 2014-2016 CAPITAL
EXPENDITURE ESTIMATES INCREASED; 2014 AND 2015 COPPER PRICE
ESTIMATES INCREASED 11/1/2013