Freeport-McMoRan Inc (NYSE:FCX) shares traded -1.46% lower at $37.86 on Wall Street last session.
FCX stock price is now -0.64% away from the 50-day moving average and -12.04% away from the 200-day moving average. The market capitalization of the company currently stands at $54.41B.
With the price target enhanced from $48 to $52, JP Morgan Upgraded its rating from Neutral to Overweight for Freeport-McMoRan Inc (NYSE: FCX). On March 06, 2025, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $47, while ‘Jefferies’ rates the stock as ‘Buy’
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 $2.58 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 $33.98 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. According to the stock market information, the enterprise value for the company is $71419584512, which is based on a 29.21 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for FCX is $38.1028 and a two-hundred day moving average price translates $43.14505 for the stock.
The latest earnings results from Freeport-McMoRan Inc (NYSE: FCX) was released for 2024-12-31. 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.
