Freeport-McMoRan reports first-quarter loss, cuts capex [Reuters]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Reuters
Freeport-McMoRan reports first-quarter loss, cuts capex (Reuters) - Freeport McMoRan reported a quarterly loss on Friday, as production suffered due to the transition to underground mining at the company’s giant Grasberg copper mine in Indonesia and South American operations took a hit from coronavirus-led lockdowns. Freeport, which had launched an internal review last month to cut costs, announced an $800 million reduction to its estimated 2020 capital expenditure and said it was temporarily reducing some employee benefits, initiating furloughs and cutting third-party service and other costs. The hit from coronavius only made things worse for the miner already affected by lower copper prices due to a long-drawn trade spat between the United States and China. Freeport and peers also face growing uncertainty related to demand and supply-chain disruption, as government-forced mining closures have hit production, and the spread of the coronavirus has intensified fears concerning global e
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FCX
News
- Freeport-McMoRan (FCX) had its price target raised by Deutsche Bank Aktiengesellschaft from $58.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its "overweight" rating reaffirmed by Wells Fargo & Company.MarketBeat
- Freeport-McMoRan (FCX) had its price target raised by HSBC Holdings plc from $69.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its price target lowered by Scotiabank from $72.00 to $71.00. They now have a "sector perform" rating on the stock.MarketBeat
- JPMorgan Raises PT on Freeport-McMoRan (FCX) Stock [Yahoo! Finance]Yahoo! Finance
FCX
Earnings
- 1/23/26 - Beat
FCX
Sec Filings
- 4/1/26 - Form 4
- 4/1/26 - Form 4
- 3/26/26 - Form SCHEDULE
- FCX's page on the SEC website