On Thursday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), gained 1.77% to $12.05.
Freeport-McMoRan received an average recommendation of “Hold” from the twenty-six analysts that are presently covering the firm, ARN reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.81.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), inclined 0.15% to $26.78, during its last trading session.
The Republican presidential candidates’ prime-time debate on CNN attracted an average of 22.9 million viewers, the network said on Thursday, making it the highest-rated program in the channel’s history, according to Reuters
The figures, based on Nielsen data, fell short of the 24 million who tuned in last month when Republican candidates took part in a debate on Fox News Channel, the biggest audience for a non-sports telecast in cable TV history.
CNN’s debate lasted three hours, one hour longer than the one on Fox News.
Billionaire Donald Trump’s blunt speaking style has boosted interest in the contest to pick a Republican presidential nominee for the November 2016 election.
CNN charged up to $200,000 for a 30-second commercial during the three-hour event, according to people familiar with the matter. Before the debate, Trump called on CNN to donate $10 million to charity. Reuters Reports
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments.
Finally, United States Steel Corp. (NYSE:X), ended its last trade with 0.44% gain, and closed at $13.79.
United States Steel Corp. and other domestic steel producers suffered a setback last week that may open the door for more countries to appeal duties that have been placed on imports of pipes for the energy industry, according to Business Journals.
Last August, U.S. Steel (NYSE: X) and other domestic pipe makers received a big win when the U.S. International Trade Commission ruled imports of oil country tubular goods (OCTGs) from a number of foreign countries would be subject to duties of up to 118 percent. But another court has ruled the duties levied against South Korea—the largest contributor of unregulated imports—should be reconsidered. In the wake of this decision, on Monday, Reuters stated Turkey could file an appeal of its own with the World Trade Organization.
Securing duties on OCTG imports has been an ongoing battle for U.S.-based steel manufacturers. In July 2013, a consortium of steel producers counting U.S. Steel filed a petition with the Department of Commerce and International Trade Commission seeking antidumping relief. Between 2010 and 2012, OCTG imports from nine countries — India, Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, Vietnam and most notably South Korea — more than doubled from 850,000 to 1.8 million tons, according to the Alliance for American Manufacturing. The products, which are used to build pipelines for the energy industry, are often sold at hundreds of dollars less per ton. Business Journals Reports
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
