Hot Dividend Companies To Invest In 2016: Freeport-McMoran Copper & Gold Inc.(FCX)
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.Advisors' Opinion:
- [By Douglas A. McIntyre]
In some cases, management decisions may not have had shareholders' best interests at heart. Freeport-McMoRan's (NYSE: FCX) acquisition of two oil producers in 2012 immediately raised questions of self-dealing and led to a shareholder lawsuit. The lawsuit alleged that, with six board members holding seats on one of the companies involved, Freeport directors were effectively using company funds to bail out their own investment.
- [By Jayson Derrick]
Freeport McMoRan's (NYSE: FCX) union cancelled a planned one-month strike at its mine in Indonesia. Shares hit new 52-week lows of $27.72 before rebounding and closing the day at $28.50, up 1.50 percent.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-dividend-companies-to-invest-in-2016.html