Freeport-McMoRan Inc (NYSE:FCX) price on Thursday, July 11, rose 0.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $51.79.
A look at the stock’s price movement, the level at last check in today’s session was $51.59. The PE ratio in trailing twelve months stood at 45.52. Turning to its 52-week performance, $55.24 and $32.72 were the 52-week high and 52-week low respectively. Overall, FCX moved 3.58% over the past month.
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Freeport-McMoRan Inc’s market cap currently stands at around $74.40 billion. The company has a Forward Dividend ratio of 0.30, with its dividend yield at 0.58%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 5.55B for the company’s revenue for the quarter, with a low and high estimate of 5.42B and 5.8B respectively. The average forecast suggests down to a -3.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 23.73B, representing a 3.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FCX is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 4.77, with FCX’s current price about 4.84% and 2.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.53, while 7-day volatility ratio is 2.30% and 2.59% in the 30-day chart. Further, Freeport-McMoRan Inc (FCX) has a beta value of 1.92, and an average true range (ATR) of 1.42.
If we refocus on Freeport-McMoRan Inc (NYSE:FCX), historical trading data shows that trading volumes averaged 14.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.44 billion shares.
The 0.79% of Freeport-McMoRan Inc’s shares are in the hands of company insiders while institutional holders own 83.41% of the company’s shares. Current price change has pushed the stock 22.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FCX stock continues to rise going into the next quarter.