Freeport-McMoRan Inc. (FCX)
Pre-Market:
| Previous Close | 49.61 |
| Open | 48.22 |
| Bid | 48.06 x 900 |
| Ask | 48.30 x 800 |
| Day's Range | 47.80 - 49.41 |
| 52 Week Range | 32.83 - 52.42 |
| Volume | |
| Avg. Volume | 14,379,114 |
| Market Cap | 70.214B |
| Beta (5Y Monthly) | 2.06 |
| PE Ratio (TTM) | 38.24 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.60 (1.23%) |
| Ex-Dividend Date | Apr 12, 2024 |
| 1y Target Est | N/A |
- Reuters
UPDATE 2-Miner Freeport-McMoRan beats quarterly profit estimates on strong production
Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper rose to 1.1 billion pounds from 965 million pounds a year earlier, helped by a 49% jump in output from its Indonesia operations. Freeport-McMoRan said it was working with the Indonesian government, which has put a ban on raw material exports, to obtain approvals to continue shipping copper concentrates and anode slimes.
- Reuters
Miner Freeport-McMoRan beats quarterly profit estimates on strong production
The mining giant said its quarterly production of copper rose to 1.1 billion pounds from 965 million pounds a year earlier, helped by a 49% jump in output from its Indonesia operations. Freeport-McMoRan said it was working with the Indonesian government, which has put a ban on raw material exports, to obtain approvals to continue shipping copper concentrates and anode slimes. In the reported quarter, the company also benefited from strong prices of gold, which it produces as a byproduct from its key Grasberg mine in Indonesia.
- Reuters
Lower prices, stubborn costs could weigh on copper miners' quarterly results
Freeport-McMoRan and Canada's Teck Resources are expected to post a combined adjusted net income of $666.3 million, according to LSEG estimates, compared with $1.43 billion in the year-ago quarter. Copper prices touched a multi-year high last month after major Chinese copper smelters agreed to limit capacity expansion. Despite the late rally, average benchmark copper prices were down about 5% during the quarter compared to last year, weighed by concerns over demand in top-consumer China and fears of elevated interest rates.
