15.52 +0.15 (0.98%)
Pre-market: 9:26AM EDT
|Bid||15.50 x 800|
|Ask||15.51 x 400|
|Day's range||15.32 - 16.06|
|52-week range||11.05 - 20.25|
|PE ratio (TTM)||12.27|
|Earnings date||23 Apr 2018 - 27 Apr 2018|
|Forward dividend & yield||0.20 (1.10%)|
|1y target est||20.52|
The S&P 500’s top losses on April 25 were: TripAdvisor (TRIP) declined 8.5%. Goodyear Tire & Rubber (GT) declined 5.1%. Capital One Financial (COF) declined 4.8%. Freeport-McMoRan (FCX) declined 4.4%. General Electric (GE) declined 4.3%. TripAdvisor
Vale (VALE) released its 1Q18 results on April 25, 2018, after the markets closed. The company reported net earnings of $1.6 billion in 1Q18, 17% lower than what the consensus was expecting. Its earnings also dropped 36% year-over-year (or YoY) due to lower iron ore prices and higher costs.
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?
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.
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.
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 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.
Previously in this series, we’ve looked at Freeport-McMoRan’s (FCX) 1Q18 earnings estimates and the key updates that markets might watch for on the company’s earnings call. In this final article of our series, we’ll see how analysts are rating Freeport ahead of its 1Q18 earnings release. Freeport has received a “strong buy” rating from one analyst while six analysts have a “buy” rating on the stock. Thirteen analysts have rated Freeport a “hold” or some equivalent, while the remaining three analysts polled by Thomson Reuters on April 17 rate the stock a “sell.” Freeport has received a mean consensus price target of $20.57, which represents 12.4% upside over April 17 closing prices.
Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.
In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.
Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.
Freeport-McMoRan (FCX), the leading US-based copper miner, is slated to release its 1Q18 earnings on April 24. Teck Resources (TECK) is also expected to release its quarterly earnings on the same day, followed by First Quantum Minerals’ (FM) earnings release on April 26. Since it’s quarterly earnings season, diversified miners including BHP Billiton (BHP) will likely only release their operational data, as these companies only release their half-yearly and annual financial results.
Copper prices have been subdued this year. Copper prices tend to be sensitive to geopolitical developments. Since China is the world’s largest copper consumer, copper prices react to any event associated with the country.
NEW YORK, April 16, 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 ...