McMoRan to cut dividend and slash costs as coronavirus spreads [Reuters]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
Company Research
Source: Reuters
McMoRan to cut dividend and slash costs as coronavirus spreads (Reuters) - Freeport-McMoRan Inc, the world’s largest publicly traded copper producer, said on Monday it will stop dividend payouts and slash costs and output due to the rapid worldwide spread of the coronavirus pandemic. The drastic move underscores how fast the virus, which causes a sometimes deadly respiratory illness known as COVID-19, has torn through the global economy and affected demand for the key metals that underpin it. Prices for copper, widely used in construction and manufacturing, are down more than 22% since January. Phoenix-based Freeport said it will cut its 5-cent dividend, saving about $291 million annually. The company also is looking to slash costs and production at its mines across the world, including the world’s largest gold mine and second-largest copper mine at Grasberg, Indonesia. It was the company’s first dividend cut since 2015. “The COVID-19 pandemic has drastically altered our world, bringi
Show less
Read more
Impact Snapshot
Event Time:
FCX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FCX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FCX alerts
High impacting Freeport-McMoRan, Inc. news events
Weekly update
A roundup of the hottest topics
FCX
News
- Freeport-McMoRan Insiders Sell US$3.5m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- Is Freeport-McMoRan Inc. (FCX) One of The Best Materials Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Think You've Been Harmed By Products Containing Talc? You May Have The Right To Vote On The Plans Of Reorganization Filed By Imerys Talc And/Or Cyprus Mines That Determine How Talc Personal Injury Claims Against These Debtors Are Treated [Globe and Mail,Globe and Mail,
- We Think Freeport-McMoRan (NYSE:FCX) Can Stay On Top Of Its Debt [Yahoo! Finance]Yahoo! Finance
- Finlay Minerals reports completion of 2024 field work on its PIL Property by Cascadia Minerals [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
FCX
Earnings
- 10/22/24 - Miss
FCX
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- FCX's page on the SEC website