On Monday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), lost -0.91% to $12.02.
Freeport-McMoRan, declared Q3 and Nine-Month 2015 Results.
- Operating cash flows totaled $822 million (counting $507 million in working capital sources and changes in other tax payments) for third-quarter 2015. Based on current sales volume and cost estimates and assuming average prices of $2.40 per pound for copper, $1,150 per ounce for gold, $5.50 per pound for molybdenum and $50 per barrel for Brent crude oil for fourth-quarter 2015, operating cash flows are predictable to approximate $3.3 billion for the year 2015. Using similar price assumptions, operating cash flows are predictable to approximate $6.8 billion for the year 2016.
- Capital expenditures totaled $1.5 billion for third-quarter 2015, counting $0.6 billion for major projects at mining operations and $0.7 billion for oil and gas operations. Capital expenditures are predictable to approximate $6.3 billion for the year 2015, counting $2.5 billion for major projects at mining operations and $2.8 billion for oil and gas operations. Capital expenditures are predictable to approximate $4.0 billion for the year 2016.
- The Cerro Verde expansion project commenced operations in September 2015 and is predictable to achieve full rates by early 2016.
- FCX has sold 114.8 million shares of its common stock and generated gross proceeds of $1.2 billion under its at-the-market equity programs, counting 97.5 million shares and gross proceeds of $1.0 billion during third-quarter 2015.
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 MGM Resorts International (NYSE:MGM), inclined 1.93% to $21.70, during its last trading session.
MGM Resorts International, will release the Company’s financial results for the third quarter 2015 before the market opens on Thursday, October 29, 2015. The Company will host a conference call that day at 8:00 a.m. Eastern Time, which will comprise a brief negotiation of the results followed by a question and answer session.
The call will be accessible via the Internet through www.mgmresorts.com under the Investors section or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 7547909.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations comprise slots, table games, and race and sports book wagering.
Finally, ArcelorMittal (NYSE:MT), ended its last trade with -3.49% loss, and closed at $5.80.
ArcelorMittal, offered -43.40% EPS for prior five years. The company has -3.70% return on equity value while its ROI ratio was 4.20%. The company has $9.75B market capitalizations and the institutional ownership was 3.20%. Its price to book ratio was 0.28. Volatility of the stock was 3.08% for the week while for the month booked as 3.58%.
ArcelorMittal, together with its auxiliaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining.
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