In Thursday’s Wall Street session, Freeport-McMoRan Inc (NYSE:FCX) shares traded at $39.03, up 0.36% from the previous session.
FCX stock price is now 5.75% away from the 50-day moving average and -4.27% away from the 200-day moving average. The market capitalization of the company currently stands at $56.05B.
With the price target maintained at $39, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Freeport-McMoRan Inc (NYSE: FCX). On March 20, 2025, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $48 to quote $52, while ‘Deutsche Bank’ 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 $2.66 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 0.60% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $27.60 and a high of $52.91. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.32, and a quick ratio of 1.13.
The net profit margin was 7.15% and return on equity was 10.10% for FCX. The company reported revenue of $5.73 billion for the quarter, compared to $6.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.38 percent.
