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Freeport-McMoRan Copper & Gold Inc. Q2 2010 Earnings Conference CallWed, Jul 21, 2010
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Freeport-McMoRan Copper & Gold Inc. Q1 2010 Earnings Call TranscriptWed, Apr 21, 2010
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Freeport-McMoRan Copper & Gold Inc. Q4 2009 Earnings Call TranscriptThu, Jan 21, 2010
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Freeport-McMoRan Copper & Gold Inc. Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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Freeport-McMoran Copper & Gold Inc. Q2 2009 Earnings Call TranscriptTue, Jul 21, 2009
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Freeport-McMoran Copper & Gold Inc. Q1 2009 Earnings Call TranscriptWed, Apr 22, 2009
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Freeport-McMoRan Copper & Gold Inc. Q4 2008 Earnings Call TranscriptMon, Jan 26, 2009
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Freeport-McMoRan Copper & Gold Inc. Q3 2008 Earnings Call TranscriptTue, Oct 21, 2008
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at CNBC.com (May 16, 2013)
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at CNBC.com (May 15, 2013)
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at CNBC.com (May 3, 2013)
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Business Wire (May 3, 2013)
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at CNBC.com (May 1, 2013)
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at CNBC.com (Apr 18, 2013)
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at MarketWatch.com (Apr 18, 2013)
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Business Wire (Apr 18, 2013)
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at CNBC.com (Apr 17, 2013)
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at CNBC.com (Apr 17, 2013)
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at CNBC.com (Apr 17, 2013)
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at CNBC.com (Apr 17, 2013)
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at CNBC.com (Apr 16, 2013)
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at MarketWatch.com (Apr 15, 2013)
FCX vs. ETF Alternatives
Company Description
We are a leading international mining company with headquarters in Phoenix, Arizona. We are one of the world’s largest copper, gold and molybdenum mining companies in terms of reserves and production. Our portfolio of assets includes the Grasberg minerals district in Indonesia, which contains... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, January 15, 2:17 PM Sumitomo Corp. (SSUMY.PK) and Sumitomo Metal Mining (SMMYY.OB) agree to participate in a $1.7B expansion at Freeport McMoRan's (FCX) Morenci mine in Arizona to increase copper production by 43% to 400K metric tons. The Japanese companies' share in the increase will be 15%, same as their equity stake in the mine; they will bear $260M of the costs of the increase. 3 Comments [Commodities, Global & FX]
- Wednesday, January 2, 5:47 PM Hedge fund titan Leon Cooperman has been selling Apple (AAPL) but buying battered Freeport McMoRan (FCX), he tells CNBC. Cooperman holds FCX founder Jim Bob Moffett in high regard despite coming under fire from shareholders, but he's not keen on AAPL's reluctance to return cash to investors and warns the iPhone’s uniqueness may be diminishing. 22 Comments [Commodities, Energy, Tech]
- Thursday, December 27, 2012, 8:44 AM McMoRan Exploration (MMR) says recent operations designed to unblock the troubled Davy Jones No. 1 well have achieved "limited success" so far. Also, the Blackbeard West No. 2 ultra-deep exploration well was drilled to a depth of ~25K feet, and MMR plans to set a production liner, which would enable completion. Comment! [Energy]
- Wednesday, December 26, 2012, 12:50 PM Freeport-McMoRan Copper & Gold Inc. (FCX) declares $0.3125/share quarterly dividend, in line with previous. Forward yield 3.73%. For shareholders of record Jan. 15. Payable Feb. 01. Ex-div date Jan. 11. (PR) Comment! [Dividends]
- Thursday, December 20, 2012, 2:24 PM A $12.5B loan package slated to back Freeport McMoRan's (FCX -0.4%) recent big acquisitions reportedly is facing significant pushback, as banks invited to participate at the top tier level of syndication are finding the share of the bridge loan FCX and its lead banks are offering them too small. The second tier's hold level of the bridge is said to be ~5% vs. the top tier's 22%. 4 Comments [Energy, Commodities]
- Thursday, December 20, 2012, 8:13 AM Freeport McMoRan (FCX) is upgraded to Buy from Hold at Deutsche Bank, which believes investors will move past anger over FCX's big move into oil and gas to acceptance. The firm views the move as a leveraged financial play to engineer a higher growth rate with an exploration upside kicker on Gulf of Mexico assets. FCX +1.4% premarket. Comment! [Energy, Commodities, Quick Ideas]
- Friday, December 14, 2012, 4:58 PM Banks reportedly forged ahead this week with syndication of a $12.5B loan package backing Freeport McMoran's (FCX +4%) two recent acquisitions despite growing shareholder concerns. Bankers are mostly shrugging off the transaction risk due to FCX's strong risk profile; net debt to EBITDA is -0.03x and will move up to only 1.9x under the terms of the transaction. 3 Comments [Commodities, Energy]
- Tuesday, December 11, 2012, 6:20 PM The backlash is growing against Freeport McMoRan's (FCX) planned acquisition of two oil explorers, as T. Rowe Price and Van Eck - who hold at least 9% of shares - say the tie-up is riddled with conflicts of interest. BlackRock's Evy Hambro, who ripped the deal early, continues to weigh in: He's most upset at the lack of a shareholder vote on a transaction that equals two-thirds of FCX's market cap. 13 Comments [Commodities, Energy, M&A]
- Monday, December 10, 2012, 9:59 AM Coverage of Freeport McMoRan (FCX -0.2%) is resumed with a Neutral rating and $39 price target at BAML, which expects shares to lag copper peers following FCX's surprising entry into oil and gas with last week's acquisitions. The diversification breaks a long-standing strategic focus in copper from what the firm viewed as one of the most disciplined capital allocation mining companies. 1 Comment [Energy, Commodities, Quick Ideas]
- Friday, December 7, 2012, 10:08 AM Moody's was upbeat after Freeport McMoRan's (FCX +5%) big acquisitions even as its share price was pummeled, cutting its outlook to stable from positive but keeping its rating at Baa3, three notches above junk. FCX has more than enough capacity to handle the interest expense despite the added debt, and the Plains addition will boost short-term EBITDA and cash flow, the ratings firm says. Comment! [Energy, Commodities, M&A, On the Move]
- Thursday, December 6, 2012, 3:59 PM It's been an ugly two days for Freeport McMoRan (FCX -4.2%), which has lost $7.1B in value since news of its two big oil deals, more than the $6.9B it's paying for Plains Exploration. Shares have skidded 21% to just under $31 each. Although Oracle Research issues an afternoon upgrade, downgrades rule the day. On Nov. 30, FCX’s consensus target price was $48.83; today it’s at $42.76. Comment! [Commodities, Energy, M&A, On the Move]
- Thursday, December 6, 2012, 12:46 PM Southern Copper (SCCO +0.6%) is now Citigroup's preferred America's copper exposure and is raised to Buy in tandem with a downgrade of Freeport McMoRan (FCX -4.2%). SCCO operates true Tier 1 copper assets with cheap growth potential and minimal sustaining capex requirements, the firm writes; a near-term risk is that labor contracts in Peru need to be renegotiated in 2013. 3 Comments [Commodities, Quick Ideas]
- Thursday, December 6, 2012, 10:28 AM Jim Cramer's take on Freeport McMoran's (FCX) big deal for McMoRan (MMR) and Plains (PXP): "It doesn't pass the smell test." For FCX shareholders, the "instant re-coloration" of the company from copper to oil and copper should cause worry that maybe something's wrong with the copper side. The deal shows the fallacy of playing the mining stocks instead of the ore; the way to play copper is through JJC. 2 Comments [Commodities, Energy, M&A, Quick Ideas]
- Thursday, December 6, 2012, 9:03 AM Freeport McMoRan (FCX) -2.5% premarket after receiving downgrades from at least a half-dozen firms, including Deutsche Bank, RBC, Goldman, Citi, Macquarie and BMO. The moves reflect investors' nasty mood that sank shares 16% yesterday following FCX's decision to engage in a diversification strategy that results in near-term earnings dilution and provides no apparent synergies. 11 Comments [Commodities, Energy, M&A, On the Move]
- Wednesday, December 5, 2012, 6:45 PM Investors and some big shareholders hated on Freeport McMoRan's (FCX -16%) blockbuster deal, but FCX is looking 10-20 years down the road. Copper miners have found it more difficult to find new projects in politically stable areas, and there are few deal targets: "These are depleting assets, and if you don't keep investing in new assets... you're going to have nothing left." Best to expand while you still can. 4 Comments [Commodities, Energy, M&A]
- Wednesday, December 5, 2012, 5:28 PM Freeport's (FCX) mega-deal for McMoRan (MMR) and Plains (PXP) looks "incestuous" to Jim Mueller: Just for starters, PXP owns 31.5% of MMR and CEO James Flores sits on its board; MMR CEO Jim Bob Moffett is chairman of FCX; B.M. Rankin, a co-founder of FCX with Moffett, sits on MMR’s board. With such a web of relationships, how much independent due diligence was done in reaching the deal? 10 Comments [Commodities, Energy, M&A]
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SKS1586: andyk80: Mr Market is listening to you & following your thought of bounce, with uptick in all the Futures @ this moment.
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Energysystems: Not too shabby, I've bought in 3 times since the summer, all under 32. -
Golferdood: I traded FCX a couple of times in 2012 typically $34-$40 range. It's getting close to that time again.
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techwonk: I'm seeing lots of decline in negative p/e low liquidity smallcaps, maybe some "reset" on valuation rather than a real selloff. -
Joe Springer: Nice note TW, could be that there is a real sell-off, it is just happening during a buy-in of the large and liquid, makes perfect sense.
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x oil -field
Is The Precious Metals Bubble Bursting? Feb.20, by: BubbleBustInvesting $FCX $GLD $PAL $SLV http://bit.ly/VKmsyr http://bit.ly/1364LH0 - View all 1 replies
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Warderf: If I remeber correctly from what I hear. Gold production is trending down. PGMs fundamentals still look favourable. PAL may need money.
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Ghosts of Kariela: Writing puts at this point provides some nice entries. If you are fine with being assigned it looks like a good deal long term. -
Energysystems: I've meant to learn about options this winter...I still need to do that lol
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FortSumter: Agree! If this housing and China recovery has any legs it will be on the back of materials. Also good candidate for covered calls. -
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SKS1586: joeg1969: I bought more FCX today. Gold rally has not started as yet. once it starts (anyday), FCX will get double push from copper & Gold.
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly <c>
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O. Young Kwon: The letters in the parentheses are ticker symbols which are in the Daily TANER Momentum [DTM] (my Instablog) with their security names. yk
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mu1der: There was an article on seekingalpha on the movement of coal stocks before and after QEs. Do you recall seeing it?
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/21/2012, Friday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/20/2012, Thursday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/19/2012, Wednesday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/18/2012, Tuesday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/17/2012, Monday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/14/2012, Friday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/13/2012, Thursday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/11/2012, Tuesday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr The TANER System synthesizes performances and relative strengths thoroughly yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/10/2012, Monday) Numbers = Term in months. The TANER Stock Model [TSM} was introduced in my <c>
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O. Young Kwon: article: Link:http://seekingalpha.com/a/hitr he TANER System synthesizes performances and relative strengths thoroughly yk
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tunaman4u2
Scary gains 15% for CLF, 9% for FCX wild moves buy after that? Fed intervention has greatly disrupted the market... too wild for me - View all 2 replies
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TruffelPig: Sector rotation. Out of dividend stocks into high beta etc. China easing good for Materials sector. -
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (9/5/2012, Wednesday) 1,2,3 = 1-m, 2-m, 3-month term. <c>
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O. Young Kwon: The TANER System synthesizes performances and relative strengths of 20 ETFs and 40 equities thoroughly yk