The price of Freeport-McMoRan Inc (NYSE:FCX) shares last traded on Wall Street fell -0.94% to $36.76.
FCX stock price is now -4.69% away from the 50-day moving average and -17.63% away from the 200-day moving average. The market capitalization of the company currently stands at $52.83B.
On January 24, 2025, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $48 to quote $40, while ‘Bernstein’ rates the stock as ‘Mkt 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 $2.51 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 0.62% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $34.89 and a high of $54.96. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.42, and a quick ratio of 1.18.
The net profit margin was 7.45% and return on equity was 10.92% for FCX. The company reported revenue of $5.72 billion for the quarter, compared to $5.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.13 percent.
