FCX - Freeport-McMoRan Inc.

NYSE - NYSE Delayed Price. Currency in USD
16.80
-0.49 (-2.83%)
At close: 4:01PM EDT
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Previous close17.29
Open17.03
Bid0.00 x 1800
Ask0.00 x 800
Day's range16.46 - 17.13
52-week range12.72 - 20.25
Volume26,064,350
Avg. volume17,533,861
Market cap24.34B
Beta2.53
PE ratio (TTM)10.69
EPS (TTM)1.57
Earnings date25 Jul 2018
Forward dividend & yield0.20 (1.10%)
Ex-dividend date2018-07-12
1y target est19.64
Trade prices are not sourced from all markets
  • Grasberg Is Far from a Done Deal for Freeport
    Market Realist2 days ago

    Grasberg Is Far from a Done Deal for Freeport

    Is Freeport’s Grasberg Transaction a Win-Win? While Freeport-McMoRan (FCX) has announced a transaction price for its stake in PT Freeport Indonesia (or PT-FI), the company is yet to sign a definitive agreement.

  • What Freeport, Rio Tinto, and Indonesia Get from Grasberg Deal
    Market Realist2 days ago

    What Freeport, Rio Tinto, and Indonesia Get from Grasberg Deal

    Is Freeport’s Grasberg Transaction a Win-Win? As noted previously, Freeport-McMoRan (FCX) announced its stake sale in PT Freeport Indonesia (or PT-FI). The Indonesian government (EIDO) achieved two objectives from the transaction.

  • Is Freeport’s Grasberg Transaction a Win-Win?
    Market Realist2 days ago

    Is Freeport’s Grasberg Transaction a Win-Win?

    On July 12, Freeport-McMoRan (FCX), the leading US-based copper miner, announced that the company would sell a small stake in PT Freeport Indonesia (or PT-FI). Rio Tinto (RIO) will sell its entire stake in PT-FI. PT Indonesia Asahan Aluminium (Inalum), a state-owned enterprise, plans to acquire the stakes and emerge as the largest shareholder in PT-FI after the deal closes.

  • The Wall Street Journal3 days ago

    [$$] Indonesia Moves Closer to Taking Controlling Stake in Freeport Mine

    PLC have agreed to hand over control of the world’s second-biggest copper mine to Indonesia, moving closer to resolving one of the world’s most prominent recent battles over resource wealth. Thursday’s agreement comes after years of tense negotiations and follows moves by governments around the world, from the Democratic Republic of Congo to Tanzania, to wrest control of mines and take a bigger cut of profits. The deal also illustrates the dilemma facing large mining companies, which often sink billions of dollars into projects in far-flung places only to face unpredictable laws and yearslong battles.

  • Freeport to cede control of Indonesian copper mine in $3.9 billion deal
    Reuters3 days ago

    Freeport to cede control of Indonesian copper mine in $3.9 billion deal

    JAKARTA/TORONTO (Reuters) - Freeport-McMoRan Inc said on Thursday it will sell a majority stake in the world's second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion (£2.91 billion). The agreement, which could still collapse, will see Freeport give up majority control but remain the operator of the Grasberg mine, located in the country's eastern province of Papua, as Jakarta seeks to gain greater control over its mineral wealth. Freeport accepted far less than it could have gotten for its majority Grasberg stake, highlighting the company's desire to end an acrimonious chapter that had weighed on its shares for more than six years.

  • The Markets Aren’t Excited about Freeport’s Grasberg Resolution
    Market Realist3 days ago

    The Markets Aren’t Excited about Freeport’s Grasberg Resolution

    On July 12, Freeport-McMoRan (FCX) announced that “it has entered into 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 terms of the agreement, while Rio Tinto (RIO) will sell the entire stake in PT-FI, Freeport will divest a minority stake.

  • Indonesia to pay $3.85 billion for majority stake in Freeport's Grasberg copper mine
    Reuters3 days ago

    Indonesia to pay $3.85 billion for majority stake in Freeport's Grasberg copper mine

    Indonesia struck an agreement on Thursday with Freeport-McMoRan Inc and Rio Tinto to buy a controlling stake in the world's second-biggest copper mine via a series of transactions valued at $3.85 billion. The deal should cap more than six years of wrangling over the rights for the Grasberg mine, located in the country's eastern province of Papua, as Jakarta seeks to gain greater control over its mineral wealth. "It's a new day for Freeport, and a new day for our working with the government," Freeport Chief Executive Officer Richard Adkerson said on a conference call with investors after a signing ceremony in Jakarta.

  • Rio Tinto sells $3.5 billion stake in Grasberg copper mine to Indonesian state miner
    Reuters3 days ago

    Rio Tinto sells $3.5 billion stake in Grasberg copper mine to Indonesian state miner

    Rio Tinto had a joint venture with Freeport-McMoRan, operator of Grasberg, for a 40 percent share of Grasberg's production above specific levels until 2021 and 40 per cent of all production after 2021. Freeport-McMoRan separately said it will receive $350 million from PT Inalum after the stake sale.

  • AFP3 days ago

    Indonesia to take controlling stake in massive gold, copper mine

    Indonesia will take a controlling stake in one of the world's biggest gold and copper mines for $3.85 billion, the government said Thursday, as it moves to claw back control of the country's vast natural resources. The agreement requires US-based Freeport-McMoRan to cede its ownership stake, but it will keep operating the huge complex in the jungles of Indonesia's Papua province, officials said. Anglo-Australian mining giant Rio Tinto is also selling its interest in the mine as part of an agreement that the government said it hopes to finalise before the end of the year.

  • Business Wire3 days ago

    Freeport-McMoRan Announces Terms of PT Freeport Indonesia Divestment and New Long-Term Partnership with PT Inalum

    Freeport-McMoRan Inc. (FCX) announced today that it has entered into a Heads of Agreement with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Inalum) and PT Freeport Indonesia's (PT-FI) joint venture partner Rio Tinto. Under the terms of the non-binding Heads of Agreement, Inalum will acquire for cash consideration of $3.85 billion all of Rio Tinto's interests associated with its Joint Venture with PT-FI (the “Joint Venture”), and 100 percent of FCX's interests in PT Indocopper Investama (PT-II), which owns 9.36 percent of PT-FI.

  • Financial Times3 days ago

    [$$] Rio Tinto sells Grasberg stake for $3.5bn

    , the world’s second-biggest copper mine, for $3.5bn, a deal that would open its share register to a wider range of investors. by the country’s President Joko Widodo to boost local ownership of natural resources. Once these transactions have been completed and Rio’s interest converted into equity, Inalum will emerge with a 51 per cent interest in Grasberg.

  • AFP4 days ago

    Indonesia to take majority stake in massive gold, copper mine

    Indonesia will take a majority stake in one of the world's biggest gold and copper mines, the government said Thursday, as it moves to claw back control of its natural resources. State-owned mining firm Inalum is to assume a 51 percent interest in the Grasberg mine under an agreement to be signed later in the day, President Joko Widodo said. Indonesia currently holds just under 10 percent of the mine, which is owned and operated by a unit of US-based Freeport-McMoRan.

  • Indonesian President says state mining company makes deal to raise stake in Freeport unit to 51 percent
    Reuters4 days ago

    Indonesian President says state mining company makes deal to raise stake in Freeport unit to 51 percent

    JAKARTA (Reuters) - Indonesian President Joko Widodo said on Thursday that state-owned mining company PT Inalum has reached an initial agreement with Freeport-McMoRan Inc to increase its stake in Freeport's local unit to 51 percent.

  • Have Markets Priced in Freeport-McMoRan’s Grasberg Resolution?
    Market Realist6 days ago

    Have Markets Priced in Freeport-McMoRan’s Grasberg Resolution?

    Have Markets Priced in Freeport-McMoRan's Grasberg Resolution? Freeport-McMoRan (FCX) and the government of Indonesia (EIDO) are in talks regarding Freeport’s long-term mining rights in the country. Additionally, Rio Tinto (RIO), which holds a minority stake in Grasberg, is negotiating a stake sale with the Indonesian government.

  • Will Analysts Warm to Freeport after Its Grasberg Resolution?
    Market Realist6 days ago

    Will Analysts Warm to Freeport after Its Grasberg Resolution?

    Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while seven have “buy” or equivalent ratings on its stock. Three analysts have “sell” ratings on Freeport, while 11 have “hold” ratings. Freeport has the highest percentage of “hold” ratings among the companies we’re covering in this series.

  • Is the Options Market Predicting a Spike in Freeport-McMoRan (FCX) Stock?
    Zacks10 days ago

    Is the Options Market Predicting a Spike in Freeport-McMoRan (FCX) Stock?

    Investors need to pay close attention to Freeport-McMoRan (FCX) stock based on the movements in the options market lately.

  • Indonesia extends permit for giant Freeport copper mine as talks continue
    Reuters12 days ago

    Indonesia extends permit for giant Freeport copper mine as talks continue

    Indonesia has extended a temporary operating permit for Freeport McMoRan Inc's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary operating permit for Grasberg until July 31, Coal and Minerals Director General Bambang Gatot Ariyono told reporters at a press conference on Wednesday. Phoenix, Arizona-based Freeport has been in negotiations with Indonesia to secure long-term operating rights at Grasberg after the government introduced new rules last year aimed at giving Jakarta greater control over the nation's resources.

  • Financial Times14 days ago

    [$$] Indonesia says talks completed on control of Freeport-McMoran mine

    The Indonesian government said it could finalise as soon as this week a long-awaited deal in which a local company will take majority control of the country’s biggest copper mine from the world’s largest publicly traded copper company, Freeport-McMoran. An official from the Indonesian state-owned enterprises ministry told local media in Jakarta at the weekend that talks have been completed and an agreement could be signed this week for a transfer of control of the massive Grasberg mine from Freeport and its partner Rio Tinto to Indonesian state-owned resources group Inalum. Freeport was told to sell a part of Grasberg to local investors to meet requirements for government ownership of at least 51 per cent of the asset.

  • Reuters15 days ago

    Indonesia's Inalum close to acquiring Freeport's Grasberg copper mine

    Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday. Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based Freeport McMoRan Copper & Gold Inc. . Global miner Rio Tinto has a joint venture with Freeport for a 40 per cent share of Grasberg's production above specific levels until 2021, and 40 per cent of all production after 2021.

  • Business Wire18 days ago

    Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock

    Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on August 1, 2018 to holders of record as of July 13, 2018 for its common stock.

  • This Is What Freeport-McMoRan's Production Could Look Like if This One Mine Doesn't Work Out
    Motley Fool18 days ago

    This Is What Freeport-McMoRan's Production Could Look Like if This One Mine Doesn't Work Out

    Freeport is in tense negotiations with Indonesia over a key mine. Here's what the miner's business will look like if it has to walk away from that asset.

  • Is Freeport-McMoRan Inc’s (NYSE:FCX) 21.71% ROE Strong Compared To Its Industry?
    Simply Wall St.19 days ago

    Is Freeport-McMoRan Inc’s (NYSE:FCX) 21.71% ROE Strong Compared To Its Industry?

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want a simplistic look at the returnRead More...

  • Grasberg Mine: Freeport-McMoRan’s Outlook Is Murky
    Market Realist19 days ago

    Grasberg Mine: Freeport-McMoRan’s Outlook Is Murky

    Freeport-McMoRan (FCX) is negotiating its long-term mining rights in Indonesia (EIDO). Rio Tinto (RIO) (TRQ), Freeport’s junior partner at the Grasberg mine in Indonesia, is discussing a separate stake sale with the Indonesian government.

  • Copper Markets: Possible Surplus in 2018
    Market Realist20 days ago

    Copper Markets: Possible Surplus in 2018

    Commodity markets are said to be in a “surplus” when the supply exceeds the demand. Most market participants, including companies like Freeport-McMoRan (FCX), expect the markets to be in a structural deficit by the end of this decade. In the short term, the outlook has become a little hazy. China’s copper imports, which are seen as a leading indicator of the country’s copper demand, have been strong.