This rating was issued on 2/09/17. The company has Weekly Volatility of 3.26%% and Monthly Volatility of 3.91%%. The brokerage now has a $15.53 price target on the natural resource company's stock. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. For the next 5 years, Freeport-McMoRan Inc.is expecting Growth of 45.53% per annum, whereas in the past 5 years the growth was -28.81% per annum. The most recent downgrade was reported by Berenberg on Nov 30, 2016, with a rating change from Hold to Sell. (NYSE:FCX) to Sell with no specific Price Target on 11/30/16. After the day trading kicked off at $37.60, the stock was seen approaching $37.29 as its bottom price and $37.61 as its intraday high price.
Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia.
Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Wednesday, January 25th.
In case of Revenue Estimates, 9 analysts have provided their consensus Average Revenue Estimates for Freeport-McMoRan Inc.as 3.73 Billion. While some analysts have a High Price target for the stock of $20.5 and a Low Price Target of $8. The correct version of this news story can be accessed at https://www.com-unik.info/2017/02/16/pinnacle-associates-ltd-boosts-stake-in-freeport-mcmoran-inc-fcx.html.
Zacks Investment Research also rated the stock with a value of 2.89. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
In the last Quarter, Freeport-McMoRan Inc.
Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.27 and on annual basis FY 2016 estimate trends at current was for $1.18 as compared to one month ago of $1.53, and for next year per share earnings estimates have $1.22. On average, equities analysts anticipate that Freeport-McMoran, Inc. will post $1.10 earnings per share for the current year. The share price is now up 4.51% for the past three months. The difference between actual earnings and estimated earnings was $0.09 per share. Thus the company showed an Earnings Surprise of -26.5 Percent.
Relative strength index (RSI-14) for Freeport-McMoRan Inc.'s (FCX) is at 52.13. The company saw 23.41 million shares trade hands over the course of the day. In last trade, the intraday high was $15.99, putting the share price -6.80% below its 52-week high and trades 174.14% higher from the lowest price they have traded at during the previous year. The company has a 1 Year high price target of $14.72. Latest closing price was -1.07% below its 50-day moving average and 4.48% above its 200-day moving average. Similarly, the company has Return on Assets of -10.2 percent, Return on Equity of -89.9 percent and Return on Investment of -14.2 Percent.
While looking at the Stock's Performance, Freeport-McMoRan Inc. now shows a Weekly Performance of -1.03%, where Monthly Performance is 2.06%, Quarterly performance is 10.42%, 6 Months performance is 27.24% and yearly performance percentage is 114.66%.
The company has YTD performance of -8.26 percent.
Shares of Freeport-McMoran, Inc.
Micron Technology, Inc. (NASDAQ:MU) went down -0.43% during trading on the U.S. exchange when it had traded 27.88M shares. Beta for Chesapeake Energy Corporation stands at 2.09 while its ATR (average true range) is 0.24. FCX has P/E (Price to Earnings ttm) value of 0, Forward P/E of 12.51, P/C (Price to cash per share) of 4.8 and Price to Free Cash Flow (P/FCF) value of 18.79. This shows a surprise factor of 400 percent.