Stocks of Freeport-McMoRan Inc (NYSE:FCX) traded higher last session on Wall Street, up 0.47% to $40.22.
FCX stock price is now -3.62% away from the 50-day moving average and -12.80% away from the 200-day moving average. The market capitalization of the company currently stands at $57.79B.
With the price target reduced from $51 to $46, Bernstein Downgraded its rating from Outperform to Mkt Perform for Freeport-McMoRan Inc (NYSE: FCX). On September 30, 2024, Scotiabank Downgraded its previous ‘Sector Outperform’ rating to ‘Sector Perform’ on the stock keeping its target price maintained at $52, while ‘UBS’ 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 $2.74 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 0.55, a current ratio of 2.33, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $73790234624, which is based on a 29.26 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.86. The fifty day moving average price for FCX is $41.8048 and a two-hundred day moving average price translates $46.28725 for the stock.
The latest earnings results from Freeport-McMoRan Inc (NYSE: FCX) was released for 2024-09-30. The net profit margin was 7.92% and return on equity was 11.67% 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 $5.94B in revenue.
