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Freeport Reports 1Q15 Earnings: Key Takeaways for Investors (Part 1 of 5) Freeport-McMoRan’s 1Q earnings
Freeport-McMoRan (FCX) reported its 1Q15 earnings on April 23 before market opening. The results came in largely according to market expectations. On an adjusted basis, Freeport reported a loss of $0.06 per share. It incurred net charges of $2.4 billion, or $2.32 per share, primarily toward the reduction in carrying value of its energy assets.
After the earnings release, Freeport’s share price went down by ~4% in the initial trade. Its share price recovered somewhat to close at $20.07, down 2.43% from the previous day. The above chart shows FCX’s recent stock market performance.
Teck Resources (TCK), which reported its 1Q earnings on April 21, fell sharply since its coal segment was negatively hit by the slowdown in the steel industry. TCK currently forms 0.35% of the iShares North American Natural Resources ETF (IGE). Turquoise Hill Resources (TRQ) forms 0.18% of IGE.
What will we cover in this series?
In this series, we’ll analyze the 1Q earnings of Freeport-McMoRan (FCX). We’ll also look at its 2015 outlook. Freeport is among the leading copper producers. Southern Copper (SCCO) and Glencore plc (GLNCY) are the other leading copper miners.
About Freeport
Freeport-McMoRan (FCX) is a leading natural resources company. It’s among the top copper producers and also holds the position of largest molybdenum producer. Freeport also has interests in gold mining. Over the last couple of years, it has diversified into energy production. It now holds a significant portfolio of oil and natural gas assets.
In the next part, we’ll take a look at Freeport-McMoRan’s 1Q15 earnings.
Continue to Part 2 Browse this series on Market Realist:
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : FCX |
ISIN : US35671D8570 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Freeport McMoran est une société de production minière de cuivre et d'or basée aux Etats-Unis D'Amerique. Freeport McMoran est productrice de cuivre, d'or, d'argent, de cobalt et de molybdène au Chili, au Perou, en Indonesie et en Republique Democratique Du Congo, en développement de projets de cuivre au Perou, et détient divers projets d'exploration au Chili. Ses principaux projets en production sont CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI et MORENCI - ROM LEACH au Chili, GRASBERG, SIERRITA et BAGDAD en Indonesie, TENKE FUNGURUME et TYRONE en Republique Democratique Du Congo et CERRO VERDE au Perou, son principal projet en développement est SAFFORD au Perou et ses principaux projets en exploration sont BAGDAD - ROM LEACH et CHINO - ROM LEACH au Perou et CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH et CLIMAX au Chili. Freeport McMoran est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,1 milliards (1,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 , et son plus haut niveau récent le 20 septembre 2024 à 44,40 . Freeport McMoran possède 47 442 200 actions en circulation. |