|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.50 - 13.93|
|52 Week Range||11.05 - 17.06|
|PE Ratio (TTM)||19.55|
|Earnings Date||Jan 23, 2018 - Jan 29, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||16.10|
U.S. miner Freeport-McMoRan Inc is evacuating spouses and children of workers from its giant Indonesian copper mine after a string of shootings in the area raised security concerns. The move follows efforts by Indonesian authorities on Friday to evacuate villages near Freeport’s Grasberg mine in the eastern province of Papua that authorities said had been occupied by armed separatists. Freeport has asked family and household members of its employees to prepare over the weekend for a temporary relocation from the mining town of Tembagapura, about 10 km (6.2 miles) from Grasberg, company sources said.
A major corruption investigation involving some $170 million in missing state funds is zeroing in on one of Indonesia’s most powerful politicians following his detention in hospital.
Freeport has managed to cut its net debt levels by more than half since the end of 2015. The company’s leverage metrics also look better.
According to consensus estimates compiled by Thomson Reuters, Freeport is expected to post revenues of $4.56 billion in 4Q17.
Freeport-McMoRan (FCX) is having a dismal run in November. Based on the closing prices on November 15, the stock has lost 2.5%.
JAKARTA/TIMIKA, Indonesia, Nov 17 (Reuters) - Indonesia on Friday began evacuating villages that authorities said had been occupied by armed separatists after a string of shootings near a huge copper mine operated by Freeport McMoRan Inc. Two police have been killed and at least 12 people wounded by gunfire in the area, in the eastern province of Papua, since mid-August.
A fire broke out at the main port used by copper miner Freeport-McMoRan Inc in Papua, Indonesia, on Thursday night, the company said. The fire broke out at 6.30 pm and was extinguished by port rescue workers at around 7 pm, Freeport spokesman Riza Pratama said in a statement.
Freeport-McMoRan is a great example of why investors looking at miners should consider Wheaton Precious Metals instead
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Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Freeport-McMoRan, Inc. a score of 25. Our analysis is based on comparing Freeport-McMoRan, Inc. with the following peers – Southern Copper Corporation, Rio Tinto plc Sponsored ADR, BHP Billiton Limited Sponsored ADR, Teck Resources Limited Class B, Grupo Mexico S.A.B. de C.V. Class B, Newmont Mining Corporation, ... Read more (Read more...)
The Indonesian unit of Freeport-McMoRan Inc closed the main access road to its giant copper mine in the eastern province of Papua on Tuesday for the second time in three days after another shooting incident. A Freeport vehicle was hit by gunfire while it was heading from Tembagapura to Ridge Camp, the company said in a statement, referring to an area where Freeport workers live. It is the second time the access road to the Grasberg mine has been closed since Sunday, and follows a string of shooting incidents since mid-August that have injured at least seven people and killed one police officer.
China’s fixed asset investment data will be released on November 14. Its fixed asset investment data missed analysts' estimates for the last two months.
LONDON, UK / ACCESSWIRE / November 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Freeport-McMoRan Inc. (NYSE: FCX ), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FCX ...
The Indonesian unit of Freeport-McMoRan Inc has closed the main access road to the giant Grasberg copper mine after a shooting incident on Tuesday morning in the Papuan highlands where the mine is situated. ...
Copper markets will closely follow the developments at Grasberg in the coming weeks. The developments could impact global copper markets.
China’s October trade data were mixed for investors. While China’s imports were better than expected, the country’s exports grew less than expected.