Freeport-McMoRan's copper production slips in Indonesia; shares fall
(Reuters) -Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company's shares down more than 4%.
What's Going On With Freeport-McMoRan (FCX) Stock Ahead Of Q4 Earnings Report?
Freeport-McMoRan exceeded market expectations in Q3 with $6.79 billion in revenue and strong copper and gold sales. The company expects strong Q4 results with 1 billion pounds of copper and 450 thousand ounces of gold.
Freeport-McMoRan: Q4 Earnings Snapshot
PHOENIX (AP) — PHOENIX (AP) — Freeport-McMoRan Inc. (FCX) on Thursday reported fourth-quarter earnings of $274 million. The Phoenix-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share.
Freeport-McMoRan beats Q4 profit estimates helped by higher copper prices
McMoRan beat fourth-quarter profit estimates on Thursday, as higher copper prices helped offset the impact of lower production.Copper prices climbed in the quarter, buoyed by signs of increased stimulus in top consumer China,
Freeport-McMoRan says copper has ‘highly-attractive’ fundamental outlook
Says achieved approx. 50% increase in incremental copper from leach initiative in 2024. Says North America volumes and costs expected to
Freeport McMoRan slips as 2025 copper guidance miss outweighs Q4 earnings beat
Freeport McMoRan (NYSE:FCX) -2.6% in Thursday's trading after better than expected Q4 adjusted earnings were overshadowed by lower copper production and full-year guidance that missed estimates. Freeport (FCX) reported Q4 net income fell to $274M,
Freeport-McMoRan (FCX) Q4 2024 Earnings Call Transcript
Good morning, everyone, and welcome to the Freeport conference call. Earlier this morning, FCX reported its fourth-quarter ...
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Freeport-McMoRan takes Wall Street hit after Q4 report
Phoenix-based copper mining giant Freeport-McMoRan Inc. had a mixed fourth quarter in 2024, with revenue coming up short of Wall Street analysts’ expectations but earnings beating them.
Freeport Posts Drop in 4Q Net, Sees Indonesian Smelter Starting Mid 2025
Freeport-McMoRan posted a sharp decline in fourth-quarter earnings on diminished copper-and-gold production, but the miner said a long-awaited smelter project at a sprawling Indonesian mine would soon ...
Freeport-McMoRan downgraded to Hold from Buy at Jefferies
Jefferies downgraded Freeport-McMoRan (FCX) to Hold from Buy with a price target of $40, down from $48. The firm cites the company’s ongoing ...
Freeport-McMoRan Misses Q4 Revenue Estimates, Shares Slide As Copper Sales And Revenue Decline
FCX stock down after Q4 results: revenue misses, copper sales slightly above estimate, adjusted EPS beats consensus, company expects strong future with large-scale assets, growth opportunities, and ...
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What’s Fueling Freeport-McMoRan Inc (FCX) Stock’s -12.80% Loss Below Its 200-Day SMA?
Freeport-McMoRan Inc (FCX) stock saw a modest uptick, ending the day at $40.22 which represents a slight increase of $0.19 or 0.47% from the prior close of $40.03. The stock opened at $40.09 and ...
Freeport-McMoRan says Indonesia smelter start-up activities expected mid-year
Says team executed plans ‘in solid fashion’ in FY24. Says team focused on ‘opportunities to continuously improve’. Says committed to ‘strong ...
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Amarc stock doubles on gold-copper discovery at JOY project in British Columbia
According to Amarc, the new AuRORA discovery represents a new porphyry copper-gold-silver system hosting high and continuous ...
Freeport-McMoRan: Time For A Checkup With Dr. Copper (Technical Analysis)
McMoRan's diversified production and future automation plans position it well for long-term growth and cost reduction. Read ...