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FCX

Freeport-McMoRan, Inc.

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Summary

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Market Cap: 15.8 Billion

Primary Exchange: New York Stock Exchange

Website: http://www.fcx.com

Shares Outstanding: 1.45 Billion

Float: 1.45 Billion

Dividend: 0.15 (0.01%)

Beta: 1.62300538537789

Sector: Non-Energy Minerals

Industry: Other Metals/Minerals

Ethical Flags

Longest drawdown: 1968 trading days

From: 2014-07-09 To: 2020-06-05

Lowest Point:

Freeport sees Indonesia smelter construction starting in mid-2020

via: SeekingAlpha at 2019-06-12 06:02:19:000

Freeport McMoRan's ( FCX +0.3% ) Indonesia unit says it plans to begin construction of a copper smelter in the middle of next year, with production scheduled to start in late 2023. More news on: Freeport-McMoRan Inc., Commodities news, Read more … read more...

Freeport sees Indonesia smelter construction starting in mid-2020

via: SeekingAlpha at 2019-06-12 06:02:19:000

Freeport McMoRan's ( FCX +0.3% ) Indonesia unit says it plans to begin construction of a copper smelter in the middle of next year, with production scheduled to start in late 2023. More news on: Freeport-McMoRan Inc., Commodities news, Read more … read more...

These Are The Times When 'Buy The Dip' Guys Get Nailed, Caution!

via: SeekingAlpha at 2019-06-12 04:46:39:000

Nearly All of Us Are Dip Buyers Let's face it, looking for bargains is in our DNA and an inalienable right. Just, let's not get caught. So many times in my experience we jump in when the high-beta names that we focus on start to fall, and then to our chagrin, they just keep falling. That fir… read more...

These Are The Times When 'Buy The Dip' Guys Get Nailed, Caution!

via: SeekingAlpha at 2019-06-12 04:46:39:000

Nearly All of Us Are Dip Buyers Let's face it, looking for bargains is in our DNA and an inalienable right. Just, let's not get caught. So many times in my experience we jump in when the high-beta names that we focus on start to fall, and then to our chagrin, they just keep falling. That fir… read more...

Copper rallies on Chinese plans to accelerate infrastructure financing

via: SeekingAlpha at 2019-06-11 08:38:46:000

Copper prices are higher after China's government announced new measures to stimulate economic activity, with Comex copper for July delivery - the most-active futures contract - recently +0.6% to $2.6775/lb. More news on: Freeport-McMoRan Inc., Southern Copper Corporation, Teck Resour… read more...

China iron ore surges on supply crunch concerns

via: SeekingAlpha at 2019-06-11 04:29:22:000

Global metals and mining stocks trade higher after China iron ore futures jump 6% on speculation that demand will continue to exceed production over the coming months: MT +6.3% , FCX +4.1% , X +3.7% , BHP +3.2% , RIO +2.7% , XME +2.6% . More news on: ArcelorMittal, Free… read more...

Stocks And Oil Rebound While Copper Remains Near The Low

via: SeekingAlpha at 2019-06-11 02:00:00:000

When optimism turned to pessimism over the prospects for a trade agreement between the US and China in May, the prices of stocks and crude oil declined. The risk-off environment following President Trump's announcement on May 10 and China's retaliatory measures on May 13 began to look a lot li… read more...

Portfolio Composition: Short Commodity, Precious Metals; Long Rare Earths, Biotech

via: SeekingAlpha at 2019-06-10 23:35:41:000

According the CME FedWatch tool, Fed Funds futures markets are currently pricing in a 98.5% chance of the Federal Reserve lowering rates at least once this year. Breaking it down further, there is a 31.9% probability of 2 rate cuts and a 35.4% chance of three 25 basis point rate decreases, as … read more...

Insights From The Super-Producing Copper Mines

via: SeekingAlpha at 2019-06-10 13:01:08:000

Introduction In this article, I take a deep dive into the 10 highest producing copper mines in the world based upon 2018 production levels. I refer to these mines as super-producers. In another future article, I plan on looking at the 10 highest producing copper mines of the future (e.g., 20… read more...

I Hate Being A Bear, But The Fed Is Just The Beginning

via: SeekingAlpha at 2019-06-10 04:12:58:000

June, Not May, May Well Be the Cruelest Month The market looks great right now, shrugging off the entire downtrend of May. Shouldn't we all put the bear-suits back in the closet? Not so fast. Here's why: Powell has reassured the market, but the Fed needs to be there for the real economy… read more...

Buy Merck For Growth And Its Good Pipeline Of Breakthrough Drugs

via: SeekingAlpha at 2019-06-09 16:11:39:000

Merck ( MRK ) is a buy for the total return investor that also wants some income as the world economy grows. Merck is one of the largest drug companies in the world. MRK is a conservative investment since it is also a defensive company if the market turns down. Merck will be reviewed using T… read more...

Daily Insider Ratings Round Up 6/6/19

via: SeekingAlpha at 2019-06-09 12:01:39:000

InsiderInsights' Daily Round Up articles rate the "significance" of the top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the significance of an insider transaction, however, and there are many more "Signifi… read more...

Ex-Date Payment Date Record Date Declared Date Amount Flag Dividend Type Qualified Indicated
2020-01-14 2020-02-03 2020-01-15 2019-12-18 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-11 2019-11-01 2019-10-15 2019-09-25 0.05 Cash
2019-10-14 2019-11-01 2019-10-15 2019-09-25 0.05 No Change QoQ
2019-07-12 2019-08-01 2019-07-15 2019-06-26 0.05 No Change QoQ
2019-04-12 2019-05-01 2019-04-15 2019-03-27 0.05 No Change QoQ
2019-01-14 2019-02-01 2019-01-15 2018-12-19 0.05 No Change QoQ
2018-10-12 2018-11-01 2018-10-15 2018-09-26 0.05 No Change QoQ
2018-07-12 2018-08-01 2018-07-13 2018-06-27 0.05 No Change QoQ
2018-04-12 2018-05-01 2018-04-13 2018-03-28 0.05 No Change QoQ
2015-10-13 2015-11-02 2015-10-15 2015-09-30 0.05 No Change QoQ
2015-07-13 2015-08-03 2015-07-15 2015-06-24 0.05 No Change QoQ
2015-07-13 2015-08-03 2015-07-15 2015-06-24 0.1105 Special
2015-04-13 2015-05-01 2015-04-15 2015-03-24 0.05 Increase
2015-01-13 2015-02-02 2015-01-15 2014-12-19 0.3125 No Change QoQ
2014-10-13 2014-11-03 2014-10-15 2014-09-24 0.3125 No Change QoQ
Ex-Date Declared Date Record Date Payment Date Ratio To Factor For Factor
Data provided by IEX Cloud