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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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