|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.05 - 18.92|
|52 Week Range||11.05 - 20.25|
|PE Ratio (TTM)||14.41|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCX. Over the last one-month, outflows of investor capital in ETFs holding FCX totaled $890 million.
What Could Sustain Freeport’s Rally? In the previous article, we looked at issues facing Freeport-McMoRan’s (FCX) Grasberg operations and compared the stock’s valuation to its peer companies. Notably, Grasberg is a key long-term asset for the company.
Indonesia's state mining holding company, PT Inalum, expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc, the holding company's chief executive said on Wednesday. Indonesia and Freeport have agreed in principle that the U.S. miner would divest 51 percent of its local unit with funding provided by Inalum for the purchase of the rights to the Grasberg mine in Papua, the world's second-biggest copper mine. Asked about Inalum's progress on raising finance, Budi Gunadi Sadikin told a meeting of the Jakarta Foreign Correspondents Club that banks had been lined up and there should be an agreement "very, very soon".
Copper prices have been weak this year after rising for two consecutive years. Over the last few years, Chinese demand has been the key driver for copper prices. Several labor contracts at leading copper mines like BHP Billiton’s (BHP) Escondida are coming up for negotiation this year.
Goldman Sachs initiated bullish coverage on the metals and mining space, but the firm said investors still need to be selective about which stocks to buy. The Analyst Goldman analyst Matthew Korn set the ...
Freeport-McMoRan (FCX), the leading US-based copper miner, has seen a sharp rally over the last two years. In 1Q16 there were concerns about the company’s ability to survive amid falling commodity prices. Copper miners including Southern Copper (SCCO), Antofagasta (ANTO), and Glencore (GLEN-L) have followed copper higher.
There is no equivalent of the shale oil revolution for copper that will dramatically increase supply in the coming years, the chief executive of miner Freeport-McMoran, said. “There’s no shale oil for ...