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|Analyst Favorites: Freeport-McMoran Copper & Gold Ranks As a Top Metals Pick
Wednesday, February 11, 11:47 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Freeport-McMoran Copper & Gold ...
Interesting FCX Put And Call Options For April 2nd
Thursday, February 12, 11:30 AM ET, by Market News Video Staff
Investors in Freeport-McMoran Copper & Gold (FCX) saw new options begin trading today, for the ...
Friday Sector Leaders: Energy, Materials
Friday, February 13, 2:31 PM ET, by Market News Video Staff
Looking at the sectors faring best as of midday Friday, shares of Energy companies are ...
Monday Sector Laggards: Materials, Technology & Communications
Monday, February 23, 2:43 PM ET, by Market News Video Staff
In afternoon trading on Monday, Materials stocks are the worst performing sector, showing a 0.6% ...
Tuesday Sector Leaders: Utilities, Materials
Tuesday, February 24, 3:16 PM ET, by Market News Video Staff
Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are ...
Freeport-McMoRan Copper & Gold Announces Earnings; Golden Star Resources Announces Production Results
By Metals Channel Staff, Thursday, April 19, 2:36 PM ET
Freeport-McMoRan Copper & Gold (NYSE:FCX) today reported that it earned $764 million, or $0.80 per share, in the first quarter of 2012, versus $1.5 billion, or $1.57 per share, in the same period a year ago. Operating cash flows for first-quarter 2012 were $801 million versus $2.4 billion for first-quarter 2011. Based on current 2012 sales volume and cost estimates and assuming average prices of $3.50 per pound for copper, $1,600 per ounce for gold and $14 per pound
Shares are lower by about a tenth of a percent in early afternoon trading.
Golden Star Resources (AMEX:GSS) today announced preliminary first quarter 2012 production results for its Bogoso/Prestea and Wassa/HBB operations. The Company produced a total of 77,725 ounces of gold in the first quarter ended March 31, 2012, compared with guidance of 79,000 ounces. Preliminary cash operating cost for the quarter is approximately $1,120 per ounce.Wassa/HBB operations performed in line with expectations in the first quarter of 2012, with 36,483 ounces sold at an estimated cash operating cost of approximately $1,000 per ounce.
Shares are lower by about seven tenths of a percent in early afternoon trading.
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