|Bid||17.31 x 400|
|Ask||17.37 x 300|
|Day's Range||18.65 - 19.26|
|52 Week Range||11.05 - 20.25|
|PE Ratio (TTM)||14.95|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||19.86|
NEW YORK, NY / ACCESSWIRE / February 16, 2018 / U.S. markets continued to rally for the fifth consecutive day on Thursday, after being hit with a sharp correction last week. The Dow Jones Industrial Average ...
Copper prices have lost 7.7% this year as of February 9. While the weakness in copper prices could be attributed to the selling in equity markets, copper was having a somber 2018 even before we saw the recent correction in equity markets. Comex copper has closed below its December 31, 2017, closing prices in each trading day this year.
There has been a selling spree in equity markets over the last couple of weeks. The repercussions of the equity market carnage are evident in commodity markets (DBC). Copper, which some analysts see as an indicator of the global economy’s health, has come off its 2018 highs.
As we noted previously, Freeport-McMoRan (FCX) has reinstated its dividend, which was suspended in 2015. In this article, we’ll see what could be Freeport’s management’s next priority after dividend reinstatement. During the 4Q17 earnings call, Richard Adkerson, Freeport’s CEO, said that that he has two personal milestones: “One is when Freeport starts paying dividends again and two is when I can take a group of analysts and shareholders back out to Grasberg to see the place.” While dividend reinstatement was more of a policy decision, Grasberg represents a more complex problem for Freeport.
As commodity prices have been strong over the last few quarters, several metals and mining companies have taken a generous view of their dividend policies. Notably, mining companies’ dividends had fallen prey to lower commodity prices in 2015. While Freeport-McMoRan (FCX) has reinstated its dividend by announcing a $0.05 quarterly dividend per share, some of the other mining companies have opted for a flexible dividend policy.
Freeport-McMoRan Inc. announced today that its Board of Directors has reinstated a cash dividend on its common stock. The Board intends to declare a quarterly dividend of $0.05 per share, with the initial quarterly dividend expected to be paid on May 1, 2018.
NEW YORK, NY / ACCESSWIRE / February 5, 2018 / U.S. markets dropped sharply Friday as a better-than-expected jobs report sent interest rates higher. The yield on the benchmark 10-year Treasury bond hit ...
NEW YORK, Feb. 01, 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 Simmons ...
LONDON, UK / ACCESSWIRE / February 01, 2018 / Active-Investors.com has just released a free earnings report on Freeport-McMoRan Inc. (NYSE: FCX ) .If you want access to this report all you need to do is ...