The stock of Freeport-McMoRan Inc (NYSE:FCX) last traded at $50.00, up 1.07% from the previous session.
FCX stock price is now 21.14% away from the 50-day moving average and 27.06% away from the 200-day moving average. The market capitalization of the company currently stands at $71.72B.
On January 08, 2024, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $41 to quote $48.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Lewis Sara Grootwassink, Director bought 4,000 shares of the company’s stock on May 12 ’23. The stock was bought for $139,597 at an average price of $34.90. Upon completion of the transaction, the Director now directly owns 17,800 shares in the company, valued at $0.89 million. A total of 1.66% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $32.77 and a high of $50.24. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 2.42, and a quick ratio of 1.38. According to the stock market information, the enterprise value for the company is $76.82B, which is based on a 39.38 price-to-earnings ratio, a 1.48 price-to-earnings-growth ratio, and a beta of 2.06. The fifty day moving average price for FCX is $41.49 and a two-hundred day moving average price translates $39.49 for the stock.
The latest earnings results from Freeport-McMoRan Inc (NYSE: FCX) was released for Dec, 2023. According to the Copper Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.2 by 0.05. This compares to $0.69 EPS in the same period last year. The net profit margin was 8.07% and return on equity was 11.36% for FCX. The company reported revenue of $5.91 billion for the quarter, compared to $5.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.55 percent. For the current quarter, analysts expect FCX to generate $5.23B in revenue.
