Copper Prices 2010

Freeport (NYSE:FCX) Earnings Increase 10 Percent in Second Quarter

Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) enjoyed a 10 percent increase in earnings in the second quarter, as higher copper and gold prices helped them to a strong showing, even though production numbers were down.The miner earned $1.49 a share after excluding one-time items, far above the $1.34 a share analysts had been looking for.Copper prices surged 38 percent higher on average during

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Freeport (NYSE:FCX) Vulnerable to Weak Housing Market

The recent news that housing starts in the U.S. plunged after the tax credit ended, wasn’t good news for copper producer Freeport McMoRan (NYSE:FCX), which has also faced bad news, along with other copper producers, over the Chinese battling inflation in their property market by raising interest rates and limiting the number of properties people can buy. Add to that increasingly bad economic

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Freeport-McMoran (NYSE:FCX) and Uncertainty Over Copper Prices

Freeport-McMoran (NYSE:FCX) is largely dependent on the price of copper as to its success, and the news today that Europe allegedly had improvement in their industrial sector last month added more to the confusion if copper prices than helped it. As a result, puts and calls were made on both side of the trader aisle, reflecting the uncertainty of the copper market. Conflicting news and data are

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Freeport McMoRan’s (NYSE:FCX) Low-Cost Strategy

There are several mining companies taking a different route to generate earnings, and one of them is Freeport McMoRan (NYSE:FCX), which has decided to cut costs out of the production side of the business.While this all looks obvious as a strategy, the reasoning behind it is much more important than just generating better margins and earnings.What is does is prepare for what is a cyclical business

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Freeport-McMoRan (NYSE:FCX) Earnings Estimates Lowered by Deutsche Bank (NYSE:DB)

Freeport-McMoRan Copper & Gold (NYSE:FCX) had its earnings estimates lowered today by Deutsche Bank (NYSE:DB) analysts, although the financial giant kept its “Hold” rating on them. The changed was based solely on the lack of support in copper prices which continue to go lower on shrinking demand and continued expectations that will be the case going forward. Deutsche Bank analysts said, “We now

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Freeport-McMoRan (NYSE:FCX) Upgraded by HSBC (NYSE:HBC)

Freeport-McMoRan (NYSE:FCX) was upgraded from “Neutral” to “Overweight” today by HSBC (NYSE:HBC). While upgrading Freeport, at the same time the price target was lowered from $85 to $80 by the financial institution. Freeport has plunged by over 22 percent over the last month over fears copper prices will decline even more as China battles inflation in its property market which will result in

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