Freeport-McMoRan Inc
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Materials : Metals & Mining | Large Cap Value
Company profile

Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

Price
Delayed
$31.00
Day's Change
0.945 (3.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.28
Day's Low
30.79
Volume
(Heavy Day)

Today's volume of 5,188,537 shares is on pace to be much greater than FCX's 10-day average volume of 17,378,471 shares.

5,188,537

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Target Corporation - TGT

4:00 pm ET June 21, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / June 21, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Target Corporation("Target" or the "Company") (NYSE:TGT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Target and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 18, 2022, Target announced its first quarter 2022 financial results in a press release. The Company also provided guidance, expecting second quarter 2022 "operating income margin rate [to] be in a wide range centered around first quarter's operating margin rate of 5.3 percent." Just three weeks later, on June 7, 2022, Target revised its guidance, expecting the second quarter 2022 operating margin rate to "be in a range around 2%." The Company attributed the change to "a set of actions to right-size [Target's] inventory for the balance of the year[.]"

On this news, Target's stock price fell $3.69 per share, or 2.31%, to close at $155.98 per share on June 7, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

SOURCE: Pomerantz LLP





View source version on accesswire.com:

https://www.accesswire.com/706040/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Target-Corporation--TGT



comtex tracking

COMTEX_409018889/2457/2022-06-21T16:00:43

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