Does Freeport-McMoRan have oil and gas?
Company Description: Freeport-McMoRan Oil & Gas (formerly Plains Exploration & Production) targets offshore and onshore areas to acquire, develop, and produce oil and natural gas.
Why is Freeport-McMoRan down?
The decline in the stock was mainly due to weakness in commodity prices. FCX gets all of its revenue from gold and copper and thus a drop in price of both these commodities has led to the stock seeing a decline of close to 11% in its value.
Is Freeport-McMoRan a good investment?
Stocks with high Zacks Ranks and “A” grades for Value will be some of the highest-quality value stocks on the market today. FCX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.08. This compares to its industry’s average Forward P/E of 11.54.
Where is Freeport-McMoRan headquarters?
Phoenix, Arizona, United States
Freeport-McMoRan/Headquarters
Is Freeport an American company?
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
Did Freeport-McMoRan sell?
PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into a definitive agreement to sell a 13 percent ownership interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co., Ltd. (SMM) for $1.0 billion in cash. Richard C.
Who does Freeport McMoRan sell to?
Richard Adkerson reports: PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into a definitive agreement to sell a 13 percent ownership interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co., Ltd. (SMM) for $1.0 billion in cash.
Why is SCCO stock dropping?
Southern Copper’s (SCCO) third-quarter 2021 results are likely to reflect decline in production due to lower grades at Peruvian operations.
Does Freeport-McMoRan pay a dividend?
Last year’s total dividend payments show that Freeport-McMoRan has a trailing yield of 0.9% on the current share price of $34.13. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends.
Will FCX stock go up?
Will Freeport-McMoRan stock price grow / rise / go up? Yes. The FCX stock price can go up from 37.000 USD to 43.921 USD in one year.
Who is the owner of Freeport-McMoRan?
Freeport-McMoRan
| Type | Public |
|---|---|
| Founder | Eric Pierson Swenson, et al |
| Headquarters | Freeport-McMoRan Center Phoenix |
| Area served | Worldwide |
| Key people | Gerald J. Ford, Chairman Richard Adkerson, President & CEO Kathleen L. Quirk, CFO |
What does McMoRan stand for?
FCX changed name to Freeport-McMoRan Copper & Gold Inc. to reflect significant growth in gold reserves. 1993. AMAX merged with Cyprus Minerals Company to form Cyprus Amax Minerals Company, which owned several copper mines.