Last $16.81 USD
Change Today -0.02 / -0.12%
Volume 27.3M
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

freeport-mcmoran inc (FCX) Snapshot

Open
$16.74
Previous Close
$16.83
Day High
$17.26
Day Low
$16.61
52 Week High
07/10/14 - $39.32
52 Week Low
01/29/15 - $16.43
Market Cap
17.5B
Average Volume 10 Days
24.4M
EPS TTM
$2.33
Shares Outstanding
1.0B
EX-Date
01/13/15
P/E TM
7.2x
Dividend
$1.25
Dividend Yield
7.44%
Current Stock Chart for FREEPORT-MCMORAN INC (FCX)

freeport-mcmoran inc (FCX) Details

Freeport-McMoRan Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. It operates in North America Copper Mines, South America Mining, Indonesia Mining, Africa Mining, and Molybdenum Mines, United States (U.S.) Oil and Gas Operations, Rod & Refining, and Atlantic Copper Smelting & Refining segments. The company holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde, El Abra, Candelaria, and Ojos del Salado in South America; and Tenke Fungurume minerals district in Africa. As of December 31, 2013, its consolidated recoverable proven and probable mineral reserves included 111.2 billion pounds of copper, 31.3 million ounces of gold, 3.26 billion pounds of molybdenum, 308.5 million ounces of silver, and 0.87 billion pounds of cobalt. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

freeport-mcmoran inc (FCX) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $2.5M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Vice Chairman, Chief Executive Officer of Fre...
Total Annual Compensation: $1.5M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

freeport-mcmoran inc (FCX) Key Developments

Freeport-McMoRan Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance and Capital Expenditure Guidance for the Full Year of 2015

Freeport-McMoRan Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating loss of $3,299 million, net loss of $2,735 million, net loss attributable to FCX common stock was $2,852 million or $2.75 diluted loss per share on revenues of $5,235 million against operating income of $1,650 million, net income of $959 million, net income attributable to FCX common stock was $707 million or $0.68 diluted per share on revenues of $5,885 million for the same period a year ago. Capital Expenditure was $1.8 billion for fourth-quarter 2014. Operating cash flows for the quarter totaled $1.1 billion. For the year, the company reported operating income of $97 million, net loss of $745 million, net loss attributable to FCX common stock was $1,308 million or $1.26 diluted loss per share on revenues of $21,438 million against operating income of $5,351 million, net income of $3,441 million, net income attributable to FCX common stock was $2,658 million or $2.64 diluted per share on revenues of $20,921 million for the same period a year ago. Net cash provided by operating activities was $5,631 million against $6,139 million for the same period a year ago. Capital Expenditure was $7.2 billion for the year 2014. Capital expenditures are currently expected to approximate $6.0 billion for the year 2015, including $2.5 billion for major projects at mining operations (primarily for the Cerro Verde expansion and underground development activities at Grasberg) and $2.3 billion for oil and gas operations. Consolidated sales for the year 2015 are expected to approximate 4.3 billion pounds of copper, 1.3 million ounces of gold, 95 million pounds of molybdenum and 55.5 MMBOE, including 950 million pounds of copper, 225,000 ounces of gold, 23 million pounds of molybdenum and 13.1 MMBOE for first-quarter 2015.

Freeport-McMoran to Invest $17 Billion in Indonesian Copper Smelter and Mines

Freeport-McMoran reported it will spend $2 billion to build a copper smelter in East Java Indonesia and another $15 billion to develop its copper and gold mines at its Grasberg mine in Papua. The investment is to comply with the Indonesian government's new Mining Law, which bans the export of raw materials and imposes export duties for some processed metals.

Boston Retirement System and Labaton Sucharow Secure One of the Large Settlements in Court of Chancery History from Freeport-McMoRan Copper & Gold, Inc

The Boston Retirement System and Labaton Sucharow LLP announced the settlement of the derivative action brought against the board of directors of Freeport-McMoRan Copper & Gold Inc. (Freeport). The $137.5 million settlement, subject to court approval, is one of the large derivative settlements in the Delaware Court of Chancery history. The settlement terms also contain an unprecedented provision, allowing direct payments to stockholders by means of a special dividend. The settlement consists of $137.5 million in cash and certain corporate governance reforms to be implemented and maintained by Freeport for at least three years. Boston Retirement System brought the case, along with co-lead plaintiffs Dauphin County Employee Retirement Fund; Amalgamated Bank as Trustee for the LongView LargeCap 500 Index Fund, LongView LargeCap 500 Index VEBA Fund, LongView Quantitative LargeCap Fund, and LongView Quantitative LargeCap VEBA Fund; and City of Roseville Employees' Retirement System. Chimicles & Tikellis LLP, Bernstein Liebhard LLP, Grant & Eisenhofer PA, and Bernstein Litowitz Berger & Grossmann LLP also serve as co-lead counsel.

 

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