Is A Breakout Imminent For Freeport-McMoRan Inc (NYSE:FCX)?

Freeport-McMoRan Inc (NYSE:FCX) upward movement on the chart has halted at the $12 level. Several analysts were expecting a breakout after the market reacted positively despite company’s dismal performance in 2Q2016. It should be noted that the company released a plan towards achieving free cash flows in the challenging commodity environment in last quarter of […]

Freeport-McMoRan In (NYSE:FCX) – Testing Resistance In The Band Of $23-$24

Freeport-McMoRan In (NYSE:FCX) ended the third consecutive positive day with a gain of 3.94% and the volume supported it with a surge to 32 million against the daily average of 20 million.  The stock is enjoying the benefit of being upgraded by both Morgan Stanley and Deutsche Bank in quick succession. Morgan Stanley doesn’t think […]

Unwinding Copper Financing Deals Affect Freeport-McMoRan Inc (NYSE:FCX)

Freeport-McMoRan Inc (NYSE:FCX) is considered as one of the largest producers of copper in the world. Even though it has diversified into other businesses lately, but copper remains its mainstream business. As per the reports, the prices of copper have fallen significantly in the last one year; hence, the revenue of Freeport has affected badly. […]

Freeport-Mcmoran Inc (NYSE:FCX) – Strong Supply Area Around $24

Freeport-McMoRan Inc (NYSE:FCX) ended the last trading session with a solid gain of 9.08%, well accompanied by a surge in volume of 42 million, double the daily average of 21 million. This stock is directly affected by the movements in oil price and that’s why a rally in oil price produced a rally here too. […]

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): Selling Assets For Long-Term Growth

Boston, MA 10/09/2014 (wallstreetpr) – Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) experiences liquidity pressure due to increasing debt on its balance sheet. So, the company is now focusing on debt reduction and talking to potential buyers to sell the onshore operations in California. The operation includes the San Joaquin Basin in 16,000 net acres of […]

Axxess Pharma Inc (OTCMKTS:AXXE), Netflix, Inc. (NASDAQ:NFLX) and Freeport-McMoRan Inc (NYSE:FCX) Prove To Be Game Changing Option in Market

Boston, MA 10/02/2014 (wallstreetpr) – The analyst coverage about Axxess Pharma Inc (OTCMKTS:AXXE) continues in amidst of a lot of movements in pharmaceutical, manufacturing and healthcare shares. The fact that puts AXXE in limelight is that it is a well-known name in all three of the above-mentioned fields. A lot of products of AXXE are […]

Freeport-McMoRan Inc (NYSE:FCX) Downgrade Continues on Excess Inventory

Boston, MA 09/24/2014 (wallstreetpr) – Natural resources company, Freeport-McMoRan Inc (NYSE:FCX) continued to witness its shares being downgraded by different brokerages citing copper inventory amidst slowing china economy. At least two analysts’ have downgraded the company’s shares in the current month of September. Downgraded Shares Tigress Financial Partners analyst, Ivan Feinseth, slashed its rating of […]

Indonesia Looking Forward To Smelter Supply Deal With Freeport-McMoran Inc (NYSE:FCX) Before Newmont Mining Corp (NYSE:NEM) Resumes Export

Boston, MA 08/28/2014 (wallstreetpr) – Indonesia is looking up for copper miners such as Freeport-McMoRan Inc (NYSE:FCX) and Newmont Mining Corp (NYSE:NEM) to extract a deal on the concentrate supply for scheduled smelter before the latter can start up with exports. Exports to Resume The U.S.-based Newmont, is at present, operating its Batu Hijau copper mine […]

What To Do With Freeport-McMoRan Inc (NYSE:FCX)?

Boston, MA 08/18/2014 (wallstreetpr) – The investors who would like to take positions in the Freeport-McMoRan Inc (NYSE:FCX) are getting confused about the company’s future prospects. The different view of analysts is making it tough for them to have a clear view on the stock of Freeport. Recently, the company was downgraded from the analysts […]

Why Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) May Not Resume Copper Export In Indonesian Soon

Boston, MA 07/09/2014 (wallstreetpr) – Presidential election in Indonesia is likely to make it difficult for Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) to conclude its talk with the government to resume copper export soon. Although the talks have already moved an important step with an agreement on a memorandum of understanding (MoU), the dispute is […]

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) Agrees on MoU with Indonesia

Boston, MA 07/08/2014 (wallstreetpr) – Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) agreed to the Memorandum of Understanding (MoU) with the Indonesian government, which marks a major step towards the resumption of copper export from the country after several months. The agreement hinges on contract renegotiations. The dispute between copper miners in Indonesia and the government […]

Freeport-McMoRan Copper &Gold (NYSE:FCX) CEO in Indonesia to Solve Export Standoff

Boston, MA 06/11/2014 (wallstreetpr) – Freeport-McMoRan Copper &Gold (NYSE:FCX)  has seen it necessary to send its Chief Executive Officer to Indonesia in a bid of trying to sort out the standoff between the company and the country’s government  over exports from its copper and gold mine. Freeport was forced to halt its operations in January […]

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): Strengthens Assets Portfolio

Boston, MA 06/02/2014 (wallstreetpr) – Freeport’s subsidiary Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) will acquire Apache Corporation’s interest at Deepwater Gulf of Mexico (GOM) for $1.4 billion. It includes Apache’s oil production development projects at Lucius and Heidelberg and 11 exploration leases. The transaction expects to close by second quarter of 2014. Acquisition Advantage The […]