Economy

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

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

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.



Like this

Latest


17 October 2017
Sun Life Financial INC Raises Stake in TJX Companies, Inc. (The) (TJX)
The TJX Companies, Inc ( TJX ) is an off-price apparel and home fashions retailer in the United States and across the world. Group One Trading Lp decreased Lions Gate Entmnt Corp stake by 15,007 shares to 13,930 valued at $393,000 in 2017Q2.

17 October 2017
Bajaj Auto Q2 profit falls 0.97% to Rs1,112 crore
The company received Rs 618 crore as share of profit after tax of associate companies, up from Rs 543 crore a year ago. Persistent Systems rose 2 percent after the company reported better then expected earnings for September quarter.

17 October 2017
Las Vegas Guard Jesus Campos Disappears?
Hickey told us that he had no idea where Campos was as of Monday afternoon, and had not heard from or about him since Thursday. Campos' alleged disappearance comes at a time when authorities are trying to establish how the shooting unfolded.

17 October 2017
Betting On Twenty-First Century Fox, Inc. (NASDAQ:FOXA) ?
Clark Estates Inc increased Cardinal Health Inc (NYSE:CAH) stake by 15,000 shares to 147,000 valued at $11.45 million in 2017Q2. The fund owned 356,491 shares of the company's stock after purchasing an additional 72,459 shares during the quarter.

17 October 2017
This Cow on the Loose in Brooklyn Is All of Us
The insane scene took place Tuesday beginning at around 11 a.m. local time, and it took nearly two hours to capture it. Police cornered the animal in Prospect Park and were trying to approach him shortly after noon, a spokesperson said.

17 October 2017
USA demands an end to Canada's supply management
There have been reports that some USA negotiators themselves are reluctant to argue demands even they don't agree with. President Trump has repeatedly criticized the agreement, calling it the "worst trade deal ever made".

17 October 2017
Warner: Aussies driven by hate in Ashes campaign
It's exciting - people want to see that. "I think that is missing a little bit from the game now". "Let a couple of penalties go". "I´d love to win an Ashes series - it´s something I haven´t been able to do yet".

17 October 2017
Schnitzer Steel Industries, Inc (NASDAQ:SCHN) Sees Significantly Lower Trading Volume
Sell-side analyst recommendations point to a short term price target of $6.69 on the shares of LendingClub Corporation (LC). The Firm operates through two divisions: the Auto and Metals Recycling business and the Steel Manufacturing Business (SMB).

17 October 2017
Paddy Jackson And Stuart Olding Will Stand Trial On Charges Of Rape
According to RTÉ news , District Judge George Conners said there was enough evidence to proceed to trial in the Crown Court. The offences are alleged to have been committed against the same woman in Belfast in June a year ago .

17 October 2017
11 million USA men are infected with oral HPV
He's a research assistant professor at the University of Florida College of Public Health and Health Professions. Different types of HPV are classed as either high risk or low risk, depending on the conditions they can cause.



Recommended