Freeport-McMoRan Reports Second-Quarter and Six-Month 2017 Results
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Freeport-McMoRan (FCX) PT Raised to $22 at Cowen; Reiterates Outperform
July 27, 2017 8:16 AM EDTCowen raised its price target on Freeport-McMoRan (NYSE: FCX) to $22.00 (from $20.00) while maintaining a Outperform rating. FCX reported 2Q adjusted EPS of 17¢, missing the consensus estimate of 20¢.
CEO Richard Adkerson spoke positively regarding discussions with the Indonesian government, stating that both parties have expressed an objective for a near-term resolution.
... MoreFreeport-McMoRan (FCX) PT Raised to $13 at FBR Capital; Reiterates Market Perform
July 27, 2017 7:04 AM EDTFBR Capital raised its price target on Freeport-McMoRan (NYSE: FCX) to $13.00 (from $12.00) while maintaining a Market Perform rating following the company's 2Q. FCX reported 2Q adjusted EPS of $0.17, missing the consensus estimate of $0.20.
On the operating side, the company performed below consensus expectations... More
Freeport-McMoran (FCX) Misses Q2 EPS by 3c
July 25, 2017 8:01 AM EDTFreeport-McMoran (NYSE: FCX) reported Q2 EPS of $0.17, $0.03 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $3.71 billion versus the consensus estimate of $3.66 billion.
Net income attributable to common stock totaled $268 million, $0.18 per share, for second-quarter 2017. After adjusting for net gains of $27 million, $0.01 per share, second-quarter 2017 adjusted net income attributable to common stock totaled $241 million, $0.17 per share.Consolidated sales totaled 942 million pounds of copper, 432 thousand ounces of gold and 25 million pounds of molybdenum for second-quarter 2017.Consolidated sales for the... More