TORONTO, April 23 (Reuters) - Freeport - McMoRan Inc is mulling a public offering of its oil and gas business to help kick-start production growth for its energy business, along with joint ventures or asset sales, the diversified miner said on Thursday.
Citing weak commodity prices, Freeport - McMoRan announced it would cut its quarterly dividend to $0.05 per share from $0.3125. The cut itself isn't surprising. With
based stocks and I believe that now may be a good time to buy," wrote meddguy . "I recently bought shares in Freeport - McMoRan FCX. It is somewhat diversified (copper, gold, oil) and has dropped in price significantly. I have owned Canadian
uncertainty rating to every copper miner we cover. Despite large share price declines for copper blue chips like Freeport - McMoRan , we don't yet see enough margin of safety to merit diving into a bloodbath.
copper over iron ore. According to median price targets on Thomson Reuters, the biggest pure-play copper stocks ( Freeport - McMoRan FCX , Southern Copper SCCO , and First Quantum Minerals FM ) are, on average, 26% undervalued. Consensus also
Freeport - McMoRan Inc (NYSE:FCX) is bouncing today. The stock is down almost 37 ..... that gold is flat but the gold miners are bouncing. This includes Freeport - McMoRan . The upside potential is large as the collapse has been epic. In
deals that were announced during the period, with the transactions still pending as of the end of last week. While Freeport - McMoRan FCX and narrow-moat Apache APA did a little asset-swapping during the period, it looks like they were sold more
industrial metals tend to have lower valuation multiples. For example, the current price-to-earnings ratio for Freeport - McMoRan , is 8x-times forward earnings. Investors can use the low relative valuations of copper/gold producers to increase
65% Vapor Corp 1.35% Exxon Mobil Corporation 5.24% Johnson & Johnson 5.15% McDonald's Corp 1.6% Freeport - McMoRan Copper & Gold 3.64% Digital Realty Trust Inc 1.48% Intel Corp 4.26% Altria Group Inc 2.21% ConocoPhillips
In a move aimed at freeing up capital to retire debt and dedicate more resources to opportunities in the Gulf, Freeport - McMoRan announced the sale of its oil-rich Eagle Ford assets to Encana for $3.1 billion. Freeport obtained the assets