Freeport-McMoran (FCX) Lowers Quarterly Dividend 84% to $0.05; 1% Yield
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Freeport-McMoran (FCX) PT Cut to $19 at Brean Capital Amid Dividend Cut
March 24, 2015 10:26 AM EDTBrean Capital analyst Lucas Pipes reiterated a Hold rating and cut his price target on Freeport-McMoRan (NYSE: FCX) to $19.00 (from $21.00) after the company announced this morning that it will slash its dividend 84%.
Pipes commented, "The company stated that this action was primarily... More
