Economy

Freeport-McMoRan Inc. (NYSE:FCX): Financial Health and Analyst Ratings

Freeport-McMoRan Inc. (NYSE:FCX): Financial Health and Analyst Ratingsā€

Closing price generally refers to the last price at which a stock trades during a regular trading session. (NYSE:FCX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). BidaskClub raised shares of Freeport-McMoran from a "sell" rating to a "hold" rating in a research note on Thursday, August 24th.

In the latest week Freeport-McMoRan Inc. Deutsche Bank downgraded Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, February 21 to "Sell" rating. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The short ratio in the company's stock is documented at 2.65 and the short float is around of 3.51%.

Freeport-McMoran, Inc. (NYSE:FCX) shares are trading -1.64% thus far today and have traded in the range of 15.02 - 15.04 during the current session. The company had a trading volume of 2,821,554 shares. The firm has a 50 day moving average of $14.61 and a 200-day moving average of $12.97. The corporation has a market cap of US$2.64 Billion. Freeport-McMoran, Inc. has a one year low of $9.50 and a one year high of $17.06.

Freeport-McMoRan Inc. (FCX) failed to surprise the stock market in its last reported earnings when it earned $0.17 a piece versus the consensus-estimated $0.2. The company has managed to keep price to sales ratio of 0.00 against an industry average of 90.23. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.67 billion. It has a return on equity (ROE) of 16.80%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. (NYSE:FCX) sales have annually surged -6.60% on average, however its earnings per share growth remained at -21.20%. They expect $0.23 EPS, up 76.92% or $0.10 from last year's $0.13 per share. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & global trademark & copyright laws. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The stock was acquired at an average price of $15.23 per share, for a total transaction of $551,021.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. This trading sentiment put the stock on Active spotlight. Vanguard Group Inc. lifted its position in shares of Freeport-McMoran by 4.9% during the 2nd quarter. Sumitomo Mitsui Trust Hldgs Inc owns 4.39 million shares or 0.08% of their USA portfolio. Finally, CIBC assumed coverage on shares of Freeport-McMoran in a report on Friday, September 15th. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 166,437 shares of the natural resource company's stock worth $1,999,000 after buying an additional 10,574 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Freeport-McMoran by 25.3% in the 2nd quarter.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $22.10B. Geode Capital Management LLC lifted its position in shares of Freeport-McMoran by 14.7% during the 1st quarter. The Beta factor for the stock is listed at 1.42. Hosking Partners LLP grew its holdings in shares of Freeport-McMoran by 68.7% during the second quarter. Likewise, the upbeat performance for the last quarter was 17.46% and for the full year it was 58.07%.

Freeport-McMoRan Inc. has been given an analysts' mean target of 15.47. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's divisions include refined copper products, copper in concentrate, gold, molybdenum, oil and other.



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