Stocks of Freeport-McMoRan Inc (NYSE:FCX) traded higher last session on Wall Street, down -6.61% to $34.50.
FCX stock price is now -9.02% away from the 50-day moving average and -21.45% away from the 200-day moving average. The market capitalization of the company currently stands at $49.58B.
With the price target maintained at $47, Deutsche Bank recently Upgraded its rating from Hold to Buy for Freeport-McMoRan Inc (NYSE: FCX). On February 27, 2025, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $40 to quote $48, while ‘Argus’ rates the stock as ‘Hold’
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 $2.35 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 $34.26 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.
