Freeport-McMoRan Inc (NYSE:FCX) shares traded -3.02% lower at $36.67 on Wall Street last session.
FCX stock price is now -10.37% away from the 50-day moving average and -20.01% away from the 200-day moving average. The market capitalization of the company currently stands at $52.69B.
With the price target reduced from $48 to $40, Jefferies Downgraded its rating from Buy to Hold for Freeport-McMoRan Inc (NYSE: FCX). On January 07, 2025, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $51 to quote $46, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Robertson Maree E., EVP & CFO sold 13,000 shares of the company’s stock on Nov 11 ’24. The stock was sold for $583,878 at an average price of $44.91. Upon completion of the transaction, the EVP & CFO now directly owns 68,198 shares in the company, valued at $2.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer Robertson Maree E. bought 13,000 shares of the business’s stock. A total of $583,878 was incurred on buying the stock at an average price of $44.91. A total of 0.58% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $36.02 and a high of $54.96. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 2.42, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $72166506496, which is based on a 28.29 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for FCX is $41.1428 and a two-hundred day moving average price translates $46.07445 for the stock.
The latest earnings results from Freeport-McMoRan Inc (NYSE: FCX) was released for 2024-09-30. The net profit margin was 7.49% and return on equity was 10.92% for FCX. The company reported revenue of $6.79 billion for the quarter, compared to $5.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.59 percent. For the current quarter, analysts expect FCX to generate $5.41B in revenue.
