Freeport-McMoRan Inc (NYSE:FCX) traded at $45.27 at close of the session on Tuesday, July 23, made a downward move of -1.61% on its previous day’s price.
Looking at the stock we see that its previous close was $46.01 . The company has a trailing 12-month PE ratio of 39.79. In terms of its 52-week price range, FCX has a high of $55.15 and a low of $32.67. The company’s stock has lost about -8.52% over that past 30 days.
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Freeport-McMoRan Inc has a market cap of $65.03 billion. With its Forward Dividend at 0.30 and a yield of 0.66%, the company’s investors could be anxious for the FCX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.38, with the EPS growth for the year raised at 1.71 for current year and 1.71 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 5.99B, with a low of 5.86B and a high of 6.28B. The median projection represents growth squeezing down to 4.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 25.67B, or 12.30% up from figures reported last year.
Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Freeport-McMoRan Inc (FCX) stock as a Hold, while 11 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FCX stock currently stands at 3.86, and the current price level is -8.36% off its SMA20 and -10.17% from its 50-day simple moving average. The RSI (14) is pointing at 30.91 while the volatility over the past week is 3.37% and jumps to 2.60% over the past one month. The beta value is 1.92, while the average true range (ATR) is currently pointing at 1.51. The average price target for the stock over the next 12 months is $47, with the estimates having a low of $24 and a high of $62. These price ends are 46.98% and -36.96% off the current price level respectively, although investors could be excited at the prospect of a -3.82% if the FCX share price touches on the median price of $47.
Coming back to Freeport-McMoRan Inc (NYSE:FCX), we note that the average 3-month trading volume was 13.40 million, while that of the preceding 10-day period stands at 11.6 million. Current shares outstanding are 1.44 billion.
The insiders hold 0.79% of the company’s shares while institutions hold 83.30%. The data shows that short shares as of 2024-06-28, stood at 21.64 million at a short ratio of 1.72. This represents a 1.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.509999951.50999995 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 25.57 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.85% up in year-to-date price movement.
