Top 10 Dividend Stocks To Buy For 2015: Freeport-McMoran Copper & Gold Inc.(FCX)
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.
Advisors' Opinion:- [By Jayson Derrick]
Freeport-McMoRan (NYSE: FCX) reported its third quarter results this morning. The company earned $0.64 per share, beating the consensus estimate of $0.62. Revenue of $5.70 billion was in line with the consensus estimate. Shares hit new 52-week lows of $28.64 before closing the day at $29.03, down 4.16 percent.
- [By Matt DiLallo]
Gold investors weren't the only ones having a rough year. Other commodities such as silver and copper have been sinking this year as well, sending top stocks such as Silver Wheaton (NYSE: SLW ) and Freeport McMoRan (NYSE: FCX ) down by double digits. Again, looking at the chart, you can see a pretty big correlation between falling commodity prices and the subsequent fall in the price of each stock.
- [By Rich Duprey]
After a near-two month delay, copper and gold miner Freeport-McMoRan (NYSE: FCX ) has begun running copper shipments again out ofits Grasberg mine in Indonesia, though full capacity production is still at least a month away.
- [By Ben Levisohn]
The S&P 500 is getting a ! boost today from Alcoa (AA), which has gained 4.1% to $8.95 after it announced a joint venture aimed at the aerospace industry, Forest Labs (FRX), which has climbed 3.8% to $56.01 after reporting better-than-forecast earnings and guidance and Freeport-McMoran Copper & Gold (FCX), which reported better-than-expected earnings and said it would seek significant cost cuts.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-10-dividend-stocks-to-buy-for-2015-3.html
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