Freeport-McMoRan is a leading international mining company primarily engaged in the extraction and production of copper, gold, and molybdenum
The company operates large-scale mining operations in various regions, including North America and South America, where it focuses on delivering high-quality metal resources. Beyond mining, Freeport-McMoRan is involved in exploration activities to identify new mineral resources and employs innovative techniques to enhance sustainability and efficiency in its operations. The company's commitment to responsible resource development reflects its dedication to minimizing environmental impact while providing essential minerals that contribute to numerous industries worldwide.
According to a Bloomberg report, copper tariffs may be implemented sooner than Trump’s 270-day deadline, in contrast to the President’s first term, when steel and aluminum tariffs followed a 10-month review process.
Freeport (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2025, to shareholders of record as of April 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Wall Street’s recovery from its recent technical correction paused for a breather on Tuesday, as investors awaited more clarity on tariff developments and digested a downbeat consumer confidence report.
Copper prices soar to record highs as traders bet on China's recovery and react to tariff risks. Physical buying and dollar weakness also fuel the rally.
JP Morgan upgraded FCX to Overweight with price target of $52 from $48, citing sustained premium pricing and supply constraints, and potential protective measures for US copper imports.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
