Glencore slashes spending and output targets to cope with coronavirus [Toronto Globe and Mail (Ontario, Canada)]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
Company Research
Source: Toronto Globe and Mail
Glencore slashes spending and output targets to cope with coronavirus Glencore cut its 2020 capital expenditure and output targets on Thursday to reflect the impact of the coronavirus on its operations, saying the belt-tightening left it well placed to weather the pandemic. The miner and trader, reporting first-quarter production data, said spending for the year would fall by $1 billion-$1.5 billion from an original expectation of $5.5 billion. Government restrictions to curb the spread of COVID-19 forced miners including Glencore to shut some operations while the industry also lowered spending for the year. Glencore and its peers have strengthened their balance sheets since the commodities crash of 2015-16 by paying down debt, cutting costs and holding back on expensive transactions. “Given our strong liquidity position and resilient business model, we are well positioned to navigate the current challenges,” CEO Ivan Glasenberg said in a statement. Glencore closed some operations in
Show less
Read more
Impact Snapshot
Event Time:
FCX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FCX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FCX alerts
High impacting Freeport-McMoRan, Inc. news events
Weekly update
A roundup of the hottest topics
FCX
News
- ARREF or FCX: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S. [MSNBC.com]MSNBC.com
- Buenaventura Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- This High-Flying Stock Has a $3.7 Billion Secret Weapon [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
FCX
Earnings
- 4/24/24 - Beat
FCX
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 144
- FCX's page on the SEC website