29.73 -0.38 (-1.26%)
Pre-Market: 8:01AM EST
|Bid||28.27 x 1300|
|Ask||28.97 x 100|
|Day's Range||29.68 - 30.32|
|52 Week Range||24.36 - 30.61|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.62%|
As we noted previously, Freeport-McMoRan (FCX) has reinstated its dividend, which was suspended in 2015. In this article, we’ll see what could be Freeport’s management’s next priority after dividend reinstatement. During the 4Q17 earnings call, Richard Adkerson, Freeport’s CEO, said that that he has two personal milestones: “One is when Freeport starts paying dividends again and two is when I can take a group of analysts and shareholders back out to Grasberg to see the place.” While dividend reinstatement was more of a policy decision, Grasberg represents a more complex problem for Freeport.
Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia. Rio Tinto (RIO) (TRQ) is Freeport’s minority partner in the mine (GLEN-L). The operations have been surrounded by controversies in the last few years.
This article was originally published on ETF Trends.com. More people are looking into international markets to enhance or diversify their portfolios, but not all economies are the same. Investors, though, ...
Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? In August 2017, Freeport-McMoRan (FCX) announced a framework with the Indonesian government (EIDO). Under the terms of that framework, Freeport agreed to construct a smelter in Indonesia within five years.
Stock markets around the world rallied in 2017. Asian equities, in particular, grabbed investors' attention in 2017, as they have been outperforming other markets.
Washington and Beijing have different perceptions of what the South China Sea is. Washington and its allies think of the body of water as an open sea. Beijing thinks that it is its own sea. All of it.
Indonesia decided to rename its maritime region in the southwest part of the South China Sea as the “North Natuna Sea," asserting its own sovereignty in the area. America stepped up patrols in disputed South China Sea waters, asserting its willingness to keep the waterway an open sea.
Despite Freeport’s announcement of a resolution to its long-term Grasberg dispute with the Indonesian government, its stock fell on August 29.
Markets are apprehensive about Freeport’s Indonesia operations. Freeport is exporting copper concentrate from Indonesia under a short-term export permit.
In July 2017, manufacturing activity in Indonesia (EIDO) fell at the fastest pace in 19 months, mainly due to sharp decline in its output. Indonesia’S (EEM) manufacturing PMI (purchasing managers’…
When commodity prices fall, high-cost producers become unprofitable much sooner than their peers, which are placed more favorably on the cost curve.