|Bid||36.69 x 1100|
|Ask||36.95 x 2900|
|Day's range||36.54 - 37.33|
|52-week range||32.83 - 46.73|
|Beta (5Y monthly)||2.01|
|PE ratio (TTM)||24.38|
|Earnings date||23 Jan 2024 - 29 Jan 2024|
|Forward dividend & yield||0.60 (1.64%)|
|Ex-dividend date||12 Oct 2023|
|1y target est||45.39|
Indonesian state auditors have recommended the energy ministry fine Freeport Indonesia for delays in its plan to build a copper smelter, estimating that such a penalty could amount to $501.94 million, a report issued this week showed. The Audit Board of Indonesia, known by its local language abbreviation BPK, made the recommendation as part of a summary of its audit results in the first half of 2023, which was submitted to parliament on Tuesday. PT Freeport Indonesia (PTFI), which mines copper and gold in Grassberg in Indonesia's Papua, is operated by U.S. miner Freeport McMoran, but the majority of its shares is owned by Indonesian state-owned company MIND ID.
The copper miner received some positive news in the month and inked an interesting collaboration with Caterpillar.
Miner Freeport-McMoRan reached agreement on Friday with Chinese smelter Jiangxi Copper for 2024 copper concentrate treatment and refining charges at $80 a metric ton and 8 cents per pound, a source said.