Freeport-Mcmoran Inc Stock Price, News & Analysis

Freeport-McMoRan Inc. (NYSE: FCX) has published its first-quarter 2022 financial and operational results on its Investor Relations website. The company operates significant copper, gold, and molybdenum assets, including the Grasberg minerals district in Indonesia and major operations in North and South America. A conference call with analysts was scheduled for 10:00 a.m. Eastern Time to discuss these results, with a replay available until May 20, 2022. FCX emphasizes its role in responsibly producing copper to contribute positively to global needs.

PT Freeport Indonesia has successfully completed a $3.0 billion senior notes offering, divided into three tranches: $750 million at 4.763% due April 14, 2027; $1.5 billion at 5.315% due April 14, 2032; and $750 million at 6.200% due April 14, 2052. These notes are rated Baa3 by Moody's and BBB- by Fitch. Proceeds will finance smelter projects, refinancing, and general corporate purposes. Notably, the offering complies with specific regulations and will not be registered under the Securities Act, limiting its sale to qualified institutional buyers.

PT Freeport Indonesia has priced a $3.0 billion offering of senior notes in three tranches: $750 million at 4.763% due April 14, 2027; $1.5 billion at 5.315% due April 14, 2032; and $750 million at 6.200% due April 14, 2052. The notes will be rated 'Baa3' by Moody's and 'BBB-' by Fitch. Proceeds will finance smelter projects and general corporate purposes. The offering is expected to settle on April 14, 2022, with interest paid semi-annually. The notes are not registered under the Securities Act and are offered to qualified institutional buyers.

PT Freeport Indonesia has announced a planned offering of U.S. Dollar denominated senior notes to finance smelter projects and other corporate purposes. The offering is subject to market conditions, with expected ratings of 'Baa3' from Moody's and 'BBB-' from Fitch. Joint global coordinators include Citigroup and J.P. Morgan. The notes will not be registered under U.S. securities laws and cannot be sold within Indonesia. There is no guarantee that the offering will be completed.

Freeport-McMoRan Inc. (NYSE: FCX) has declared a cash dividend of $0.15 per share on its common stock, set for payment on May 2, 2022. Shareholders of record as of April 14, 2022 will receive this dividend as part of FCX’s performance-based payout strategy, which includes both a base and variable dividend established in November 2021.

FCX is a key player in copper production, operating worldwide, including major assets in Indonesia, North America, and South America.

Freeport-McMoRan (NYSE: FCX) announced its financial and operational results for the fourth quarter and year ended 2021. The report highlights FCX's significant assets, including operations in the Grasberg minerals district (Indonesia) and large-scale mining in North and South America. FCX is recognized as one of the largest publicly traded copper producers globally, with a commitment to responsibly produced copper. The company hosted a conference call on the results, accessible via its Investor Relations page. For more details, visit fcx.com.

Freeport-McMoRan (NYSE: FCX) announced a cash dividend of $0.15 per share, payable on February 1, 2022, to shareholders on record as of January 14, 2022. This includes a $0.075 quarterly base and a $0.075 variable cash dividend. Following debt targets, FCX aims for total dividends of $0.60 per share for 2022, alongside a $3.0 billion share repurchase program to enhance shareholder returns. The Board will review payout structures annually.

Freeport-McMoRan (NYSE: FCX) has appointed Hugh Grant to its Board of Directors, bringing extensive experience from his tenure as Chairman and CEO of Monsanto. With a career spanning 37 years at Monsanto, Mr. Grant has significant operational and strategic insight, particularly in technology and environmental sectors. Chairman Richard C. Adkerson highlighted the positive impact of Grant's appointment in guiding FCX's strategy in the global copper industry. FCX's Board now consists of eleven members, with a focus on diverse expertise to support stakeholder interests.