FCX - Freeport-McMoRan Inc.
13.79 +0.12 (0.88%)
Pre-Market: 6:28AM EDT
| Previous Close | 14.80 |
| Open | 14.21 |
| Bid | 13.75 x 3000 |
| Ask | 13.88 x 1800 |
| Day's Range | 13.28 - 14.32 |
| 52 Week Range | 13.22 - 20.25 |
| Volume | 35,976,367 |
| Avg. Volume | 16,994,760 |
| Market Cap | 19.793B |
| Beta | 2.56 |
| PE Ratio (TTM) | 6.89 |
| EPS (TTM) | 1.98 |
| Earnings Date | Oct 23, 2018 - Oct 29, 2018 |
| Forward Dividend & Yield | 0.20 (1.30%) |
| Ex-Dividend Date | 2018-07-12 |
| 1y Target Est | 19.26 |
- Investopedia•31 minutes ago
5 Stocks Seen Plunging as Metal Prices Melt
Metal and mining stocks have plunged in recent weeks as the prices of commodities sink in the face of a strengthening U.S. dollar, as measured by the SPDR S&P Metals and Mining ETF ( XME). Mining companies Coeur Mining, Inc. ( CDE), Cleveland-Cliffs Inc. ( CLF), Freeport-McMoran Inc. ( FCX), Rio Tinto PLC ( RIO) and BHP Billiton Ltd. ( BHP) have already seen their stocks fall dramatically, by as much as 37% from their 2018 highs. Freeport McMoran's is nearly 32% off its 2018 high, and the technical chart suggests shares fall by an additional 13%.
Market Realist•18 hours agoMetals Stocks Bleed as Economic War Worsens
Metals and mining stocks are deeply in the red today. Freeport-McMoRan (FCX) and Alcoa (AA) have fallen 6.6% and 4.4%, respectively, as of 10:10 AM EST. In the steel space, U.S. Steel Corporation (X) and AK Steel (AKS) have fallen 4.1% and 3.3%, respectively.
- TheStreet.com•19 hours ago
Miners Get Slammed as Copper Prices Enter Bear Market Territory
Copper prices fell 2.7% to $2.609 a pound on the Comex division of the New York Mercantile Exchange Wednesday, entering bear market territory after slipping to a 13-month low on Tuesday. Copper prices are now down 20% from the four-year highs that were reached in June due in part to another round of shaky economic news coming out of China.
InvestorPlace•21 hours ago3 Big Stock Charts for Wednesday: Freeport-McMoRan, Walmart and Skyworks Solutions
Tapestry (NYSE:TPR) was Tuesday’s biggest notable winner though, advancing 12% in response to an impressive fourth-quarter report. Tapestry is the parent company of brands Kate Spade, Coach and others. Headed into this week’s hump-day, Freeport-McMoRan (NYSE:FCX), Walmart (NYSE:WMT) and Skyworks Solutions (NASDAQ:SWKS) sport the most compelling stock charts … even if not all of those stock charts suggest those names are buys.
Market Realist•2 days agoUS Stocks Bear the Brunt as Trump Unleashes Economic War
Geopolitical risks have been significant for equity investors this year. Toward the end of 2017, we saw some upward momentum in the equity markets. Metals and mining stocks such as Freeport-McMoRan (FCX) were among the biggest gainers in December 2017 as the bulls pitched the idea of synchronized global growth for 2018.
Markit•3 days agoSee what the IHS Markit Score report has to say about Freeport-McMoRan Inc.
Freeport-McMoRan Inc NYSE:FCX
Market Realist•3 days agoFreeport Bears: Analyzing Copper and the Debt Position
So far in this series, we have discussed Freeport-McMoRan’s (FCX) bearish drivers. In this part, we’ll discuss Freeport’s bullish drivers.
Market Realist•6 days agoGrasberg: What’s Delaying the Final Resolution?
In July, Freeport-McMoRan (FCX) announced a “Heads of Agreement with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Inalum) and PT Freeport Indonesia’s (or PT-FI) joint venture partner Rio Tinto.” Under the agreement, Rio Tinto (RIO) would receive $3.5 billion from Inalum for its 40% stake in PT-FI. Freeport-McMoRan will receive $350 million for roughly a 5.5% stake in PT-FI.
Market Realist•6 days agoCopper Miners Are Impacted by the US-China Trade War
As we noted previously, copper miners including Freeport-McMoRan (FCX), Glencore (GLEN-L), and Southern Copper (SCCO) have fallen this year. The fall in copper miners’ stock prices has been led by weak copper prices. Although copper started the year on a positive note after sharp gains in December 2017, trade war concerns have taken a toll on copper.
Market Realist•6 days agoFreeport-McMoRan Stock: The Good, the Bad, and the Ugly
So far, Freeport-McMoRan (FCX) is having a terrible year. Based on the closing prices on August 9, the stock has lost 18.8% in 2018. Other copper miners have also seen losing investors’ interest amid falling copper prices. Southern Copper (SCCO) and Antofagasta (ANTO) have fallen 2.5% and 2.9%, respectively, in 2018. Glencore (GLEN-L) received a subpoena from the Department of Justice earlier this year. Glencore has fallen 15.3% year-to-date.
Markit•6 days agoSee what the IHS Markit Score report has to say about Freeport-McMoRan Inc.
Freeport-McMoRan Inc NYSE:FCX
Market Realist•7 days agoDon’t Get Too Carried Away with Record Chinese Copper Imports
China is the world’s biggest copper importer. Copper mining is concentrated in Latin America, and companies including Southern Copper (SCCO) and Antofagasta (ANTO) operate copper mines in the region. Copper, which is considered an indicator of the global economy, is languishing near the $6,000 per metric ton level after having topped $7,000 per metric ton earlier this year.
Market Realist•7 days agoChina Reports Strong July Trade Data
China released its trade data for July yesterday. China’s exports rose 12.0% YoY, while its imports rose 27.3%. In June, China’s exports rose 11.3% YoY, while its imports rose 14.1%. China’s July trade data showed improvement as compared to June and was better than expected.
- Reuters•8 days ago
Indonesia issues new tax rules as Freeport seeks fiscal guarantee
Indonesia's president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran Inc. Freeport last month signed a heads of agreement to sell to the Indonesian government a majority stake in its local unit PT Freeport Indonesia, which operates the world's second-biggest copper mine Grasberg. Indonesia is seeking to gain more control over its mineral wealth, but the Arizona-based company has said it wants some guarantee on fiscal terms before signing off on the complex sale.
- Reuters•13 days ago
Rising oil prices threaten to erode mining sector's profitability
Brent crude prices are up 40 percent in the past year, cheering oil industry executives but causing concern among their customers in the mining sector. The concern is especially acute for underground miners, with power and labour costs about two-thirds of their expenses. "Let's be clear: Inflation is going to hit – is hitting all communities and all players across the industry," Rio Tinto Chief Executive Jean-Sébastien Jacques told investors earlier this week after the company's profit for the first half of the year missed estimates.
InvestorPlace•13 days ago3 Big Stock Charts for Friday: Freeport-McMoRan, Royal Caribbean Cruises and Huntington Bancshares
It took some coaxing, but when push came to shove later on the day on Thursday, it was the bulls doing most of the shoving. The S&P 500 ended the day at 2827.22, up 0.49%, led by Apple (NASDAQ:AAPL) and Advanced Micro Devices (NASDAQ:AMD). The technology trade is back “on,” and those two names have been the most reliable leaders of late.
- TheStreet.com•14 days ago
Miners Getting Crushed as China Prepares for Tariff Retaliation
The Trump administration is considering raising tariffs on $200 billion in Chinese imports to 25% from 10%, and the potential blowback from that decision is hurting U.S. mining plays Thursday. Chinese officials ramped up their own rhetoric in response to the latest trade tensions.
Markit•15 days agoSee what the IHS Markit Score report has to say about Freeport-McMoRan Inc.
Freeport-McMoRan Inc NYSE:FCX
- Reuters•16 days ago
COLUMN-BHP, Rio deals show lack of options beyond shareholder returns: Russell
Two recent deals by the world's two biggest mining companies both looked positive for shareholders, but also underscore the challenges facing major commodity producers. BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion. Both deals were generally well-received by investors, largely because they resolve long-running sores for the mining giants and will likely result in a return of the proceeds to shareholders.
- GlobeNewswire•16 days ago
Research Report Identifies Amazon, Fanhua, Parsley Energy, Bed Bath & Beyond, Freeport-McMoRan, and Sirius XM with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
NEW YORK, July 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amazon.com, ...
- Reuters•16 days ago
COLUMN-BHP, Rio deals show lack of options beyond shareholder returns: Russell
Two recent deals by the world's two biggest mining companies both looked positive for shareholders, but also underscore the challenges facing major commodity producers. BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion. Both deals were generally well-received by investors, largely because they resolve long-running sores for the mining giants and will likely result in a return of the proceeds to shareholders.
Market Realist•17 days agoCompanies Lower Outlook: Are They Using Tariffs as a Smokescreen?
The second-quarter earnings season is in full swing. Along with watching Q2 results, markets have been closely following different companies’ views on US-China trade tension, which has led to US steel prices and physical aluminum premiums spiking due to Section 232 tariffs and China imposing tariffs on US imports such as agricultural products and automobiles.
- GlobeNewswire•17 days ago
Report: Developing Opportunities within Facebook, Depomed, Freeport-McMoRan, The Home Depot, Earthstone Energy, and Nuance Communications — Future Expectations, Projections Moving into 2018
NEW YORK, July 30, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Facebook, ...
- Reuters•17 days ago
Indonesia to extend temporary mining permit for Freeport
* Indonesian government will extend temporarily a special mining permit for Freeport McMoran's local unit that is due to expire on July 31, Coal and Minerals Director General Bambang Gatot told reporters ...