Freeport-McMoMoran scales back operating plans for 2020 after swinging to first-quarter loss [MarketWatch]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: MarketWatch
Freeport-McMoRan Inc. said Friday it is revising the operating plans for 2020 that it made in January as it struggles with the impact of the coronavirus pandemic on its business. The copper and gold miner said it is cutting 2020 estimated operating costs by $1.3 billion, or about 18%, from the original plan, reducing planned capex spending by $800 million, or about 30%, cutting exploration and administrative costs by $100 million, or about 20%, and cutting estimated copper sales volumes by 400 million pounds, or about 15%. "The prudent steps we are taking to safeguard our business, address costs and capital spending, and preserve our strong liquidity position are necessary to protect long-term asset values in the current weak and uncertain economic environment and to position us to ramp up and resume normal operations safely and quickly as health and economic conditions improve," Chief Executive Richard Adkerson said in a statement. The revised plan prioritizes existing mine operation
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News
- Freeport-McMoRan (NYSE:FCX) had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $58.00. They now have an "overweight" rating on the stock.MarketBeat
- Freeport-McMoRan (NYSE:FCX) had its price target lowered by analysts at BNP Paribas Exane from $58.00 to $56.00. They now have an "outperform" rating on the stock.MarketBeat
- FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit with the Schall Law FirmGlobeNewswire
- Freeport-McMoRan Inc. (FCX) Investors are Encouraged to Act before the Upcoming January 12 Securities Fraud Deadline – Contact BFA Law if You Lost MoneyGlobeNewswire
- Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before January 12, 2026 to Discuss Your Rights – FCXGlobeNewswire
FCX
Earnings
- 10/24/25 - Beat
FCX
Sec Filings
- 12/2/25 - Form 4
- 11/18/25 - Form 8-K
- 11/6/25 - Form 10-Q
- FCX's page on the SEC website