During Friday’s afternoon trade, Shares of Freeport-McMoRan Inc. (NYSE:FCX), lost -0.91% to $8.69.
Freeport-McMoRan, Inc. has a fundamental score of 28 and has a relative valuation of NEUTRAL.
Company Overview
- Considering peers, relative underperformance over the last year and the last month suggest a lagging position.
- Freeport-McMoRan, Inc.’s current Price/Book of 0.76 is about median in its peer group.
- FCX-US‘s EBITDA-based price multiple implies slower growth than its peers. The market also seems to expect the company’s presently median rates of EBITDA-based return to decline.
- FCX-US has relatively low profit margins and median asset efficiency.
- Changes in annual revenues (relative to peers) are better than the change in its earnings (relative to peers), implying the company is focused more on revenues.
- Over the last five years, FCX-US‘s return on assets has declined from about median to less than the median among its peers suggesting that the company’s historical competitiveness in operations is slipping away.
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. The company operates through North America Copper Mines; South America Mining; Indonesia Mining; Africa Mining; Molybdenum Mines; United States (U.S.) Oil and Gas Operations; Rod & Refining; and Atlantic Copper Smelting & Refining segments.
Shares of Nokia Corporation (NYSE:NOK), declined -2.31% to $7.11, during its current trading session.
Nokia Corporation, declared that the French Stock Market Authority (Autorite des marches financiers, the “AMF”) has approved Nokia’s public exchange offer for the securities of Alcatel Lucent and delivered its visa on Nokia’s offer document (note d’information). As formerly declared, Nokia intends to acquire all ordinary shares, American depositary shares (“ADSs”) and convertible bonds (“OCEANEs”) issued by Alcatel-Lucent through a public exchange offer in France (the “French Offer”) and in the United States (the “U.S. Offer”) whereby Alcatel-Lucent securities will be exchanged for Nokia shares in the French Offer and Nokia shares or Nokia ADSs in the U.S. Offer (jointly, the “Exchange Offer”).
Nokia anticipates that the Exchange Offer would be opened on November 18, 2015, closed on December 23, 2015 and settled on January 7, 2016. Assuming that the Exchange Offer is successful, the Exchange Offer would be reopened on January 14, 2016, close on February 3, 2016 and settle on February 12, 2016. Once the Exchange Offer opens, the projected transaction will remain subject to approval by Nokia shareholders and the satisfaction of the minimum tender condition set at more than 50% of Alcatel-Lucent’s share capital on a fully diluted basis, unless such condition is waived in accordance with applicable law and regulation. Nokia anticipates that the admission of its ordinary existing shares to trading and listing on Euronext Paris would occur on November 19, 2015.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
Finally, Diana Shipping Inc. (NYSE:DSX), gained 1.89%, and is now trading at $5.40.
Diana Shipping, declared that its Board of Directors (the “Board”) has planned the Company’s Annual Meeting of Shareholders (the “Meeting”) for February 23, 2016. The Board has set a record date for the Meeting of January 4, 2016. Since the Meeting will occur more than 30 days before the anniversary of the Company’s prior Annual Meeting of Shareholders held on May 6, 2015, the Board has set a new deadline for the receipt of shareholder proposals a reasonable time before the Company will start to print and send its proxy materials. For business to be properly brought before the Meeting by any shareholder, and for a nomination of directors to be made by a shareholder, notice must be received by the Company in proper written form, in accordance with the Company’s Amended and Restated Bylaws, no later than November 30, 2015.
Diana Shipping Inc. provides shipping transportation services. The company transports dry bulk cargoes, counting commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of November 3, 2015, it operated a fleet of 41 dry bulk vessels, counting 2 Newcastlemax, 12 Capesize, 3 Post-Panamax, 3 Kamsarmax, and 20 Panamax vessels.