Freeport-McMoRan Posts Loss In Q2

SunEdison, Inc. (SUNE)’S monthly performance stands at 1.940% with an analyst rating of 1.7. As per the data, 1 analysts has given a sell rating on the shares of the company.

A recent stock analyst activity consisted of Nomura downgrading their Neutral rating to Reduce on March 20. The number of analysts agreeing with this consensus is 11. Freeport-McMoRan (NYSE:FCX) highlighted that it was working on reducing capital expenditures along with other outflows so that it could cope with the oil price decline better. Freeport-McMoran, Inc. (NYSE:FCX) has underperformed the index by 20.31% in the last 4 weeks. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company now has an average rating of “Hold” and a consensus price target of $29.19. It has also threatened to take its toll on Freeport-McMoRan (NYSE:FCX) more than it did in Q1. The stock’s 52-week high is $39.05.

On a technical level the stock has a 50 Day Moving Average of 18.617. The shares last traded at $15.06.

Freeport-McMoRan Inc. (FCX – Analyst Report), formerly Freeport-McMoRan Copper & Gold Inc., is a mining giant that is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates. Estimize gives a sales estimate of $4.47 billion for the company, suggesting it would beat the Street by $132 million this quarter. As per the trading info, the shares saw $82.28 million in upticks and lost $52.66 million in downticks, resulting in a net money flow of $29.62 million. The company’s quarterly revenue was down 16.7% on a year-over-year basis.

Still, adjusted per-share earnings topped analysts’ forecasts, and shares-which have dropped 61% in the past 12 months-rose 1.3% premarket to $15.25. Investors of record on Wednesday, July 15th will be paid a dividend of $0.1605 per share. The ex-dividend date of this dividend is Monday, July 13th. The shares were purchased at an average price of $20.52 per share, for a total transaction of $1,231,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Phoenix-based Freeport-McMoRan is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. The company’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits, significant mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa and significant oil and natural gas assets in North America. The Company’s mining operations are in North America, South America, Indonesia and Africa. The company’s poor timing in diversifying beyond the copper, gold, and other mined-products realm to embrace energy production at what proved to be the top of the market in crude oil has caused dramatic drops in sales and profits.