Freeport-McMoRan Copper & Gold, Plains Exploration & Production and McMoRan Exploration announced today that they have signed definitive merger agreements under which FCX will acquire PXP for approximately $6.9 billion in cash and stock and FCX will acquire MMR for approximately $3.4 billion in cash, or $2.1 billion net of 36 percent of the MMR interests currently owned by FCX and PXP. Upon closing, MMR shareholders will [...]
The Paragon Report Provides Stock Research on Freeport-McMoRan and Southern CopperNEW YORK, NY -- (Marketwire) -- 12/04/12 -- China's slowing economy, which is set to grow at the slowest pace in over a decade, has recently shown much needed signs of improvement. Copper prices last week surged to a 6-week high on rising demand from China, who accounts for approximately 40 percent of global demand. The Paragon Report [...]
NEW YORK, NY -- (Marketwire) -- 10/31/12 -- Higher production costs, mining disruptions and soft pricing are all weighing on the bottom-line of copper producers. Still, some miners improved production in the quarter and could be well positioned to capitalize under more favorable pricing conditions. StBulls.com has initiated technical analysis on Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Southern Copper [...]
JAKARTA, INDONESIA -- (Marketwire) -- 10/23/12 -- Moments ago, Investors-Alliance.com introduced new coverage of Freeport-mcmoran Copper & Gold, Inc. (NYSE: FCX) and Southern Copper Corporation (NYSE: SCCO). Full outlook, analysis and consensus opinion is available to readers via the links below. www.Investors-Alliance.com/r/bloomberg/4402_FCXwww.Investors-Alliance.com/r/bloomberg/0f8d_SCCO The consistent delivery of [...]
After surging on the announcement of Quantitative Easing 3 copper prices have fallen sharply, hitting a 6-week low last Friday, on concerns regarding China's failing economy. The major slowdown in China, who is responsible for roughly 40 percent of the world's copper use, has had a major impact on copper prices in 2012. Five Star Equities examines the outlook on the Copper Industry stocks and provides equity research on [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for third-quarter 2012 was $824 million, $0.86 per share, compared with net income of $1.1 billion, $1.10 per share, for third-quarter 2011. Net income attributable to commo ...
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on November 1, 2012 to holders of record as of October 15, 2012 for its common stock. FCX is a leading international mining company with headquarters in ...
Copper futures last week saw their biggest decline in seven weeks after manufacturing data and trade disputes with Japan raised concerns over future demand. Demand from China, responsible for roughly 40 percent of the world's copper consumption, is expected to increase by 4.2 percent in 2012, below previous estimates of a 5 percent gain according to China International Capital Corp. The Paragon Report examines investing [...]
JAKARTA, INDONESIA -- (Marketwire) -- 09/12/12 -- Moments ago, NationalTradersAssociation.org introduced new coverage of Freeport-McMoran Copper & Gold, Inc. (NYSE: FCX) and BHP Billiton Limited (NYSE: BHP). Full outlook, analysis and consensus opinion is available to readers via the links below. www.NationalTradersAssociation.org/r/gov/07a2_FCXwww.NationalTradersAssociation.org/r/gov/ed8b_BHP The consistent delivery of [...]
Demand for copper is on the rise as copper inventories in warehouses tracked by the LME are at the lowest levels since the beginning of June. Reuters recently reported that after reaching summer highs copper inventories have fallen 20,000 tons to 234,550 tons. "Copper inventory levels on the LME are extremely low, and the market is vulnerable to a squeeze," said Guy Wolf, macro strategist at Marex Spectron. The Paragon [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for second-quarter 2012 was $710 million, $0.74 per share, compared with net income of $1.4 billion, $1.43 per share, for second-quarter 2011. Net income attributable to com ...
The Paragon Report Provides Stock Research on Freeport-McMoRan and Taseko MinesNEW YORK, NY -- (Marketwire) -- 07/10/12 -- Copper prices slumped the most in two weeks last Friday on weak U.S. employment numbers and as China unexpectedly issued a rate cut. China's interest rate cut came as a surprise to many, and raised concerns that their economy was growing at a slower pace than reported. China is currently the top [...]