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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 (Thu, 2:36PM)
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at CNBC.com (Wed, 5:40PM)
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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)
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at CNBC.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, October 9, 2012, 3:22 PM Copper consumption in China is expected to drop 8.5% to 5.6M metric tons this year, contracting for the first time since 2008 before rebounding in 2013, Simon Hunt says: "The safety valve of exports has gone, the domestic economy is slowing down, they have a problem of surplus capacity and cash is extraordinarily tight... There are no signals of a recovery in heavy industry and manufacturing." 2 Comments [Commodities, Global & FX]
- Tuesday, October 2, 2012, 3:42 PM In addition to upgrading Pan American Silver (PAAS) and downgrading Goldcorp (GG), Deutsche Bank adjusts price targets on other metals stocks: ABX, CDE, CLF, FCX, KGC, VALE, AA, HL, NEM, SSRI, SCCO, TCK. The sector is "hitting an inflection point where routine operating cost and capital spending overruns are no longer being tolerated by boards or investors." 5 Comments [Commodities, Quick Ideas]
- Wednesday, September 26, 2012, 12:15 PM Freeport-McMoRan Copper & Gold (FCX) declares $0.3125/share quarterly dividend, in line with previous. Forward yield 3.18%. For shareholders of record Oct 15. Payable Nov 01. Ex-div date Oct 11. (PR) 1 Comment [Dividends]
- Thursday, September 20, 2012, 12:26 PM Indonesia wants metal mining companies including local units of Freeport McMoRan (FCX -2.1%) and Vale (VALE -1.1%) to raise royalties to 10% as part of negotiations to extend mining contracts. FCX now pays 1% royalty for mining gold and 3.5% for copper; its Grasberg mine in the Papua province accounted for 19% of the parent's revenue last year. 1 Comment [Commodities, Global & FX, On the Move]
- Tuesday, September 18, 2012, 7:29 AM Alcoa (AA) is downgraded to Hold from Buy at Jefferies: "We have said for some time that if/when Alcoa shares got an upside bump, we would be inclined to downgrade the stock. It did. We are downgrading. Within base metals, we strongly prefer the shares of Freeport-McMoran (FCX)." AA -0.6%, FCX -0.9% premarket. 2 Comments [Commodities, Quick Ideas]
- Friday, September 14, 2012, 3:57 PM Copper futures (JJC +2.2%) jump 3.3% to their highest settlement in five months as investors flocked to buy in the wake of the Fed's QE3 decision. TD Securities' Bart Melek is mindful that U.S. copper demand had slumped 18% in 2009 before the launch of QE2; by Q4 2011, demand had surged 9.4% Y/Y to 424K metric tons. Comment! [Commodities, On the Move]
- Thursday, September 13, 2012, 2:49 PM Comex gold rose 2.2% to $1,772.10/oz. to finish near seven-month highs on the Fed's QE3 announcement, and gold miners (GDX +4.3%) are performing even better: NEM +5.4%, ABX +3.5%, GFI +3.8%, GG +4.9%, FCX +3.9%. Silver spiked even more, and silver miners (SIL +6.8%) are soaring too: SLW +5.1%, HL +5.3%, PAAS +4.8%, CDE +6.2%. 12 Comments [Commodities, On the Move]
- Friday, September 7, 2012, 11:08 AM Metal and mining firms are among today's top gainers on China's plans to spend $156B on infrastructure and Glencore's raised buyout offer for Xstrata. Coal is enjoying a big day, with Alpha Natural (ANR +14%) the S&P's biggest advancer. Other coal (KOL +5.2%) names: CLF +11%, BTU +9.6%. Steel (SLX +5%) names: X +7.1%, AKS +9.1%. Also: FCX +6.9%, JOY +6.8%. 1 Comment [Commodities, On the Move]
- Tuesday, August 14, 2012, 8:34 AM The rally hasn't shaken Morgan Stanley's Adam Parker from sticking to his projection that the S&P will end the year at 1,167; he sees earnings coming in lower than sell-side analysts expect. But he believes investors can ride out the storm through health care and energy stocks such as CAH and SLB, as well as a select group of other names including JPM and FCX. (earlier) 6 Comments [Quick Ideas]
- Monday, August 13, 2012, 3:05 PM Freeport McMoRan (FCX -2.2%) shares slide after a Deutsche Bank report paints a bleak picture for China copper demand. Inventory pressure will outstrip demand recovery, the report says, and a trend toward restocking may not become evident until Q1 2013: "Without significant restocking activities, any rally in copper prices based on expectations will likely not be sustainable." 6 Comments [Commodities, On the Move]
- Tuesday, July 24, 2012, 11:27 AM Freeport McMoRan (FCX -1.4%) says it's offering the Indonesian government a 9.36% stake in its Indonesia operations that run the Grasberg mine, the world's second-biggest copper mine. The government, which already owns 9.36% of Freeport Indonesia, is pushing for a greater share of mining revenues through higher royalties and new rules. Comment! [Commodities]
- Monday, July 23, 2012, 12:28 PM The Indonesian government asks Freeport McMoRan (FCX -4.4%) to reduce its stake in its Indonesian unit through an IPO on the local stock market to less than 50%, and to pay higher royalties on its big Grasberg mine. The government seeks to renegotiate "unfair" mining contracts signed prior to passage of a 2009 mining law. 4 Comments [Commodities, On the Move]
- Thursday, July 19, 2012, 2:26 PM "With all the negative comments about the world's economic situation, to have copper at $3.50 (per pound) I think is notable," Freeport (FCX +4.6%) CEO Richard Adkerson exults and shares surge. Copper inventories "have dropped globally" even as economic growth has slowed; "Even in Europe, with weak economic demand, copper markets remain relatively tight." (earlier) Comment! [Commodities, On the Move]
- Thursday, July 19, 2012, 9:46 AM More on Freeport McMoRan's (FCX +2.5%) Q2 results: Although earnings and revenues tumbled Y/Y, FCX says it is on track to increase annual copper production by more than 25% during the next three years through brownfield investments. In Q2, copper production -8.3%, gold production -28%; realized prices of copper fell 16% while gold prices rose 5.2%. Comment! [Commodities, On the Move]
- Thursday, July 19, 2012, 8:03 AM Freeport-McMoRan Copper & Gold (FCX): Q2 EPS of $0.74 misses by $0.05. Revenue of $4.5B (-23% Y/Y). Shares +1.7% premarket. (PR) Comment! [Earnings, On the Move]
- Thursday, July 19, 2012, 12:05 AM Notable earnings before Thursday’s open: ADS, BAX, BBT, BX, CY, DGX, DHR, DO, FCS, FCX, FITB, GPC, HBAN, JCI, KEY, LUV, MS, NOK, NUE, NVS, PM, SHW, SWY, TCB, TRV, TSM, TXT, UNH, UNP, VZ Comment! [Earnings]
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FortSumter
$FCX Bought another block on that pull back to support. In at $31.98 and now $34.93. Let's go world recovery! - View all 14 replies
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FortSumter
$FCX Closed my Jan $34 covered calls at $0.60 from a $1.03 sale (+40%). If stock drops much more, may need to sell to protect profits. - View all 2 replies
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FortSumter: It's weird. You hope the stock goes up but not too much or hope it goes down to buy back and then go up. Have ur cake and eat it too.
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NaveenB: Unless it can get above it's 20 day EMA and then goes to 47, then maybe we'll have our squeeze.
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FortSumter: Yes, the execs and insider trading are concerning. Guy on CNBC just said he thinks 2013 is the year for copper. If China is coming out.....
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FortSumter: of its slump, this would be one of the better plays to ride the wave (expecially with the recent drop). Ah, wth, I'll stay long for now.
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John McCoy
Added some $FCX this week, looking to add more under $34. Headed to Florida for a week, Merry Christmas and Happy Holidays everyone! - View all 3 replies
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John McCoy: Thanks Sumter, but I'm enjoying wearing a t shirt and shorts here in Tampa. 32 degrees back home in RI - brrrrrrrr.
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FortSumter: This weather is our gift for making it thru the summer. Enjoy. BTW, today is your chance for more FCX.
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FortSumter: Oops. MIght have ben a little early. GOing back into beast mode.
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neobliviscar: You doubt the Ne'O? ;-) Ichiro for baseball and Ne'O for stock RBI.
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John McCoy
$FCX institutional investors are not happy with their diversifcation in O & G space, ignoring long term value. I added, and will stay long. - View all 2 replies
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Energysystems: I had a small position before the announcement, have bought 2 more times since. I like the move, but expect more headwinds in share price.
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John McCoy: Wise move - I also will contiue to add on weakness. This is a great long term value, and with a 3.8% dividend, I don't mind waiting.
LATEST REPLIES
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The Oxen Group
FCX http://stks.co/m1Ye We recommend Reverse Iron Condors in FFIV, FCX and WYNN as they are 10%+ movers on earnings http://stks.co/o1Zn - View all 1 replies
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (7/13/2012, Friday) 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.
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (7/12/2012, Thursday) 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.
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- View all 2 replies
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (7/6/2012, Friday) 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.
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- View all 2 replies
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (7/5/2012, Thursday) 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.
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O. Young Kwon: 2 = 2-month term. Momentum can help you (a) to manage your portfolios piecemeal, not on-off fashion,<c>
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O. Young Kwon: and (b) to decide what securities (ETFs and Stocks) to buy, sell, or hold. yk
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neobliviscar: Neither do I, nor does MS and BAC to its institutional buyers. However, maybe it is just their version of making Buttock-Muppets of us all.
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (7/2/2012, Monday) 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.
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- View all 2 replies
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O. Young Kwon: 2 = 2-month term. Momentum can help you (a) to manage your portfolios piecemeal, not on-off fashion,<c>
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O. Young Kwon: and (b) to decide what securities (ETFs and Stocks) to buy, sell, or hold. yk
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (622/2012, Friday) 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.
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- View all 2 replies
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (621/2012, Thursday) 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.
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- View all 2 replies
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O. Young Kwon: SUMMARY OF STOCK TANER MOMENTUM (S.TM) (620/2012, 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.