11.50 +0.01 (0.09%)
Pre-Market: 4:41AM EDT
|Bid||11.25 x 36100|
|Ask||11.73 x 27000|
|Day's Range||11.32 - 11.70|
|52 Week Range||9.47 - 16.62|
|Beta (3Y Monthly)||1.82|
|PE Ratio (TTM)||8.65|
|Forward Dividend & Yield||0.20 (1.81%)|
|1y Target Est||N/A|
Freeport-McMoRan Inc. (FCX) today provided an update on its operations and outlook at PT Freeport Indonesia (PT-FI), affirmed its April 2019 guidance for 2019 consolidated copper and gold sales volumes and provided revised estimates for second-quarter 2019. During second-quarter 2019, PT-FI achieved important milestones with respect to its newly commissioned underground mining operations in the Grasberg minerals district in Papua, Indonesia. PT-FI has commenced extraction of ore from the Grasberg Block Cave underground mine, which is the same ore body historically mined from the surface in the open pit.
Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on August 1, 2019 to holders of record as of July 15, 2019 for its common stock.
Freeport-McMoRan Inc. (FCX) announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close. Under the terms of the agreement, FCX will separate its cobalt business prior to completing the transaction. Umicore will acquire the refinery and cathode precursor business, which represents approximately 60 percent of the refinery’s historical revenues.
NEW YORK, Feb. 28, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Freeport-McMoRan Inc. (FCX) announced today that notice has been issued to redeem on March 27, 2019, all of its outstanding $1 billion aggregate principal amount of 3.100% Senior Notes due 2020 (Notes), at a make-whole redemption price to be calculated in accordance with the terms of the indenture governing the Notes, plus accrued and unpaid interest on the Notes to be redeemed from the last interest payment date of March 15, 2019, to, but not including, the redemption date. FCX will use cash to fund the redemption. FCX expects to record a loss to net income of approximately $3.4 million in the first quarter of 2019 in connection with the redemption.
With global electric vehicle (EV) demand growth creating the potential for tight supplies in battery metals such as cobalt, multinational companies and industrialized nations are working to secure these critical metals as prices are projected to rise. The growing market for electric vehicles has led to much higher demand for battery metals such as cobalt, lithium and nickel. As the largest producer of EVs and largest consumer of battery metals in the world, China is aggressively looking to secure additional supplies of these critical minerals.
FCX expects its share of future cash flows of the expanded PT-FI asset base, combined with the cash proceeds received in the transaction, to be comparable to its share of anticipated future cash flows under PT-FI’s previous Contract of Work and joint venture arrangements with Rio Tinto (Joint Venture).
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Freeport-McMoRan Inc. (FCX) announced today that it has entered into a Divestment Agreement on previously agreed economic terms with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Persero) (Inalum) in connection with Inalum’s acquisition of shares of PT Freeport Indonesia (PT-FI). As previously reported, Inalum will acquire for cash consideration of $3.85 billion all of Rio Tinto's interests associated with its Joint Venture with PT-FI (Joint Venture), and 100 percent of FCX's interests in PT Indocopper Investama (PT-II), which owns 9.36 percent of PT-FI.