15.40 +0.03 (0.20%)
Pre-Market: 5:12AM EDT
|Bid||15.31 x 1300|
|Ask||15.76 x 500|
|Day's Range||15.32 - 16.06|
|52 Week Range||11.05 - 20.25|
|PE Ratio (TTM)||12.27|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.20 (1.10%)|
|1y Target Est||20.52|
In the previous article, we looked at various factors that may have triggered the massive sell-off in Freeport-McMoRan (FCX) stock yesterday. Southern Copper (SCCO), another pure-play copper miner, also fell on April 24. Along with the abovementioned factors, issues in Indonesia may have made investors wary of Freeport.
During its 1Q18 earnings call, Freeport-McMoRan (FCX) provided its revised operating guidance. Freeport expects to start its Grasberg underground operations towards the end of 2018. What would lower shipments mean for Freeport’s earnings?
Off the chart, there’s plenty of reasons, old, new and ongoing, for investors to be wary of Freeport-McMoRan Inc (NYSE:FCX). The bear narrative is in full swing in copper miner Freeport-McMoRan. Investors appeared to take their cue from the miner’s 10 cent profit miss on earnings of 46 cents while looking past a full 200% increase in Freeport’s bottom-line compared to the year-ago period.
The S&P 500’s top losses on April 23 were: Arconic (ARNC) declined 5.2%. Micron Technology (MU) declined 3.2%. Western Digital (WDC) declined 2.9%. Freeport-McMoRan (FCX) declined 2.8%. IPG Photonics (IPGP) declined 2.8%. Arconic
Freeport-McMoRan’s shares had their worst day in two years after the company said that its troubles mining copper in Indonesia were dragging on.
The Phoenix-based mining company posted a first quarter net income higher than a year ago, but less than what analysts projected.
Cadence Design Systems (CNDS) outpaced all other components of the S&P 500 on Tuesday, following its first-quarter earnings. Cadence Design rose $4.35, or 9.1%, to $40.09. The S&P 500 lost 35.73 points, ...
Freeport-McMoRan reported first-quarter earnings early Tuesday that trailed Wall Street expectations and trimmed its sales outlook for copper.
This is better than its earnings per share of 15 cents from the same time last year. Net income reported by Freeport-McMoRan Inc for the first quarter of 2018 was $692 million. Freeport-McMoRan Inc also reported operating income of $1.46 billion for the first quarter of the year.
Freeport's (FCX) Q1 results highlight strong cash flows, advancement of initiatives to create shareholder value and continued strengthening of its financial position.
Freeport-McMoRan (FCX) released its 1Q18 earnings today and reported revenues of $4.8 billion. Freeport’s 1Q18 adjusted EPS (earnings per share) from continuing operations were $0.46, versus $0.13 in the corresponding quarter last year. Despite the sharp yearly increase, Freeport’s 1Q18 earnings fell short of expectations.
Freeport-McMoRan Inc reported a weaker-than-expected quarterly profit on Tuesday, sending its shares down more than four percent as it also lowered its copper sales forecast for the year and raised its outlook for costs. The world's biggest listed copper miner said it now expects to produce 3.8 billion pounds of copper this year, down from a previous forecast of 3.9 billion. Phoenix, Arizona-based Freeport, which is in negotiations with the Indonesian government to divest a majority stake in its massive Grasberg copper and gold mine, said it was in talks with the country's environment ministry about new environmental standards that "conflict" with the company's approved environmental management programs.
Freeport-McMoRan Inc. says it would be impossible to keep mining Grasberg, its flagship copper-and-gold asset in Indonesia, if it were to adopt new environmental standards unveiled by the state this month....
Freeport-McMoRan Corp. said Tuesday it had net income of $692 million, or 47 cents a share, in the first quarter, up from $228 million, or 16 cents a share, in the year-earlier period. Adjusted per-share ...
Freeport chief executive Richard Adkerson said Jakarta has imposed new environmental standards on its Grasberg mine, which he slammed as “shocking” and not “feasible”. For the past 20 years, Freeport has been able to dispose of waste material, or tailings, produced by the Grasberg mine on land and via a local river system. The government now wants the company to retain 95 per cent of the tailings on land, rather than 50 per cent.
Here's your Investing Action Plan for Tuesday. Caterpillar, Lockheed Martin, Wynn Resorts, Edwards Lifesciences and Freeport McMoRan headline a huge day for earnings.
While Freeport (FCX) may continue to gain from improved metal prices, higher expected unit net cash costs may weigh on its Q1 earnings.
Metal and mining stocks saw a sharp rally yesterday. Looking at individual names, Alcoa (AA) and Freeport-McMoRan (FCX) gained 4.0% and 4.8%, respectively. In the steel space, U.S. Steel Corporation (X) and AK Steel (AKS) gained 3.1% and 2.3%, respectively. Notably, the stocks saw a significant increase in an otherwise range-bound market. The SPDR Dow Jones Industrial Average ETF (DIA) closed with a marginal loss of 0.17% on April 18. Steel stocks also defied a downgrade by UBS.