copper prices

Freeport-McMoRan Begins Transfer of Copper Mine to Indonesia

Copper and gold mining giant Freeport-McMoRan Inc. (NYSE: FCX) has taken the first step in transferring control of its massive Grasberg copper mine to the Indonesian government. The company has ...
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FCX - Grasberg Mine

Freeport-McMoRan Lowers Production Estimates After Failing to Reach Grasberg Deal

Freeport-McMoRan Inc.'s (NYSE: FCX) PT Freeport-Indonesia (PT-FI) subsidiary has failed to reach an agreement with the government of Indonesia regarding the termination of Freeport's contract and conversion of the contract to ...
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burning cash

Freeport-McMoRan Misses on Both Top and Bottom Lines

Freeport-McMoRan Inc. (NYSE: FCX) reported its fourth-quarter financial results before the markets opened on Wednesday. The company said that it had $0.25 in earnings per share (EPS) and $4.38 billion ...
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Industrial

Why One Analyst Sees Value and More Upside for Rio Tinto and BHP Billiton

The post-election rally has been massive, and the commodities miners and the companies that will supply into infrastructure have seen their shares rally. That may be more muted for companies ...
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Iron Ore mine

Does a 20% Downside Call for Freeport-McMoRan Spell Trouble for All of Copper, Gold and Moly?

Freeport-McMoRan Inc. (NYSE: FCX) has seen its shares recover handily from the lows of the past year. In fact, its stock was last seen trading up about 175% from its ...
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FCX - Grasberg Mine

Can Freeport-McMoRan Survive in Indonesia?

At last count, activist investor Carl Icahn held about 8.2% of the outstanding shares of gold and copper miner Freeport-McMoran Inc. (NYSE: FCX). He won two board seats last ...
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silver

What Hecla Really Gets With This Small Acquisition

One trend that has been seen of late is that when companies make acquisitions, their shares have often been rising after news breaks. The old historic reaction was that the ...
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copper pipes

Freeport-McMoRan Shares Boosted on Asset Sale

To paraphrase the late U.S. Senator Everett Dirksen, a few hundred million here and a few hundred million there, and pretty soon it adds up to real money. Freeport-McMoRan Inc. ...
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copper pipes

Icahn Buys More Freeport-McMoRan, Sending Shares up 18%

It appears that Warren Buffett is not the only investor who thinks that now is a good time to invest in energy stocks. Activist investor Carl Icahn added 4 million ...
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U Turn

Why Freeport’s Bounce Could Be Short-Lived

Shares of Freeport-McMoran Inc. (NYSE: FCX) soared 24% on Thursday, before closing with a gain of nearly 18%. Yes, gold prices rose and so did copper prices, but the main ...
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Mine

Freeport-McMoRan Downgrade Seems Very Late, May Dash Recovery Hopes

Freeport-McMoRan Inc. (NYSE: FCX) has been battered during the commodity nosedive. Many analysts and investors have thrown in the towel now that shares are down about 80% from their 52-week ...
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Mine

Can Freeport-McMoRan Rise Again?

Since the beginning of the fourth quarter of this year, shares of Freeport-McMoRan Inc. (NYSE: FCX) have lost about 10% of their value. From their peak on October 9, the ...
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Mine

How Freeport-McMoRan Plans to Turn Itself Around

Freeport-McMoRan Inc. (NYSE: FCX) reported third-quarter 2015 results before markets opened Thursday. The copper and gold miner reported an adjusted net loss per share of $0.15 on revenues of $3.68 ...
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FCX-grasberg copper mine

Freeport, Indonesia Agree to Extend Grasberg Mine Contract

After getting a 10% share price boost on Wednesday, Freeport-McMoRan Inc. (NYSE: FCX) has added as much as another 3% in Thursday’s premarket session, following the company’s announcement that it ...
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Drilling rig

Is Freeport Giving In to Carl Icahn?

The more things change, the more they stay the same. In mid-2013, Freeport-McMoRan Inc. (NYSE: FCX) completed a $20 billion acquisition of two oil and gas companies, one of which ...
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