Screenshot


Today's Research Reports on Stocks to Watch: Freeport-McMoran and Taseko

NEW YORK, NY / ACCESSWIRE / May 16, 2017 / While there was no significant news to explain the price jumps, both Freeport-McMoran and Taseko Mines Limited saw their share prices head higher in Monday trading. Both companies recently reported first quarter earnings.

RDI Initiates Coverage on:

Freeport-McMoRan Inc.
https://ub.rdinvesting.com/news/?ticker=FCX

Taseko Mines Limited
https://ub.rdinvesting.com/news/?ticker=TGB

Freeport-McMoRan Inc.'s shares closed up 2.09% yesterday despite absence of any remarkable news. The world's second-largest copper miner recently reported earnings for the first quarter. Revenue came in at $3,341 million while net earnings came in at $228 million. Richard C. Adkerson, President and Chief Executive Officer, said, "During the first quarter, we continued to strengthen our financial position despite the production interruptions experienced at our Indonesian operations. Our strong focus on cost and capital discipline combined with improved market conditions for copper are producing solid results. The resumption of concentrate exports in Indonesia and expected continued strong performance from our Americas operations will enable us to generate significant cash flows in the balance of the year to achieve our balance sheet objectives. Our team is focused on reaching a positive near-term resolution to protect our past investments and support our long-term investment plans in Indonesia and in building long-term values in our large portfolio of high-quality copper assets in the Americas."

Access RDI's Freeport-McMoRan Research Report at:
https://ub.rdinvesting.com/news/?ticker=FCX

Taseko Mines Limited's shares closed up 14.78% yesterday on tremendous volume traded despite no significant news released. In fact, the company had been getting downgrades in recent weeks. Zacks Investment Research lowered its rating on the stock from "hold" to sell last week. TD Securities also lowered their rating on the company to a "hold" back in February. BMO on the other hand put out a note out in February but rated the stock a "market perform." The company recently put out earnings for the first quarter ended March 31st and reported revenues of $78.88 million and net earnings of $12.45 million. The company stated, "Revenue in the quarter was CAD 104 million, up $10 million from the $94 million achieved in Q4 2016 despite sales being similar quarter-over-quarter. Correspondingly, EBITDA was up from $46 million to $53 million. Effectively, in the last six months, we have generated nearly $90 million in earnings from mining operations."

Access RDI's Taseko Research Report at:
https://ub.rdinvesting.com/news/?ticker=TGB

Our Actionable Research on Freeport-McMoRan Inc. (NYSE: FCX) and Taseko Mines Limited (NYSE: TGB) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

Views: 105
Author: Regular Articles
Tell a friend
Average rating:
(0 votes)

Buy Freeport-McMoRan Inc (FCX) Stock Ahead of Q2 Earnings

Copper producer Freeport-McMoRan Inc (NYSE:FCX) is set to report second-quarter fiscal 2017 earnings results ahead of Tuesday’s opening bell. Thanks to efforts to trim its massive debt, the... Read More

Is the Clock Running out on Freeport-Mcmoran Inc (FCX)?

With Freeport-McMoRan Inc (NYSE:FCX) preparing to release second-quarter results on Tuesday, July 25, Berenberg analyst Fawzi Hanano is out with a bearish forecast. Hanano opined, "Freeport has... Read More

Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/TORONTO (Reuters) - An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's (FCX.N) Indonesian unit will extend their strike for a fourth month, a... Read More

Texas Pastor Asks For Prayers and a Miracle While Wife and Newborn Fight for Their Lives

The internet is responding in a BIG way. Read More

This Mom Freaked Out During a New Kids on the Block Concert and the Photos Are Hilarious

Can you blame her? It's NKOTB! Read More

How to Make Lightened Up Peanut Butter Kiss Cookies

Because there’s no greater dessert combo than peanut butter and chocolate, we created these healthier peanut butter kiss cookies that are low in fat and calories, and still totally tasty. Watch the... Read More

'James Bond 25' Gets 2019 Release Date

No word yet on whether or not Daniel Craig will be back as 007 for a fifth time; film’s cast, director, more details will be announced at a later date Read More

Olivia Munn Talks About Her Experience Making — and Meeting — 'The Predator'

Actress at Comic-Con says meeting the monster was 'a visceral experience' and the film will stand on its own while also harking back to its predecessors Read More

'Valerian and the City of a Thousand Planets': What's the Deal With the Doghan Daigus?

'Valerian' director Luc Besson tells Yahoo Movies about making the Doghan Daigus, standout alien creatures in the movie that look like ducks, sell info Read More

Democrats hope ‘better deal’ message will resonate

Congressional Democrats rolled out their message for the 2018 midterm elections Monday, vowing to focus on raising wages and creating jobs as they vie to reclaim majorities in the House and Senate.... Read More

Jared Kushner and the politics of nepotism

White House senior adviser Jared Kushner arrives to speak to the media outside the West Wing on July 24, 2017. Jared Kushner, Donald Trump’s trusted senior aide and son-in-law, will be questioned... Read More

Alabama Senate candidate uses tape of congressional shooting in campaign ad

The campaign of a Republican congressman running for the Senate, Alabama Rep. Mo Brooks, is being denounced after releasing an ad Monday that uses audio from a shooting that targeted GOP... Read More

Hot new job for middle-class students: manual labor

Hunched over their workspaces in a dusty, sunlit room in the North Bennett Street School in Boston’s North End, Jim Reid-Cunningham’s bookbinding workshop seems grateful for an interruption. “It’s... Read More

How do refugee students make the jump to Germany's universities?

Mohamad Taqi Sohrabi has had to fight for an education his entire life. An Afghan refugee born in Iran, Mr. Sohrabi says it wasn’t easy for him to go to school. Sohrabi was eventually able to... Read More

In Ethiopia, model drought defenses are put to the test

Battered by drought and civil wars, more than 20 million people from Yemen to Tanzania are at risk of starvation in what aid workers call the largest humanitarian crisis since World War II. But... Read More