Freeport-McMoRan Inc. [NYSE: FCX] traded at a low on 02/24/23, posting a -1.72 loss after which it closed the day’ session at $39.89.
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The results of the trading session contributed to over 11203058 shares changing hands. Over the past one week, the price volatility of Freeport-McMoRan Inc. stands at 2.88% while the volatility over the past one month is 3.20%.
The market cap for FCX stock reached $58.07 billion, with 1.43 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 12.02M shares, FCX reached a trading volume of 11203058 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Freeport-McMoRan Inc. [FCX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FCX shares is $45.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FCX stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Freeport-McMoRan Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on November 11, 2022. The new note on the price target was released on October 06, 2022, representing the official price target for Freeport-McMoRan Inc. stock. On July 13, 2022, analysts decreased their price target for FCX shares from 48 to 28.
The Average True Range (ATR) for Freeport-McMoRan Inc. is set at 1.56, with the Price to Sales ratio for FCX stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 3.67, with the Price to Cash per share for the same quarter was set at 5.60. Price to Free Cash Flow for FCX in the course of the last twelve months was 13.70 with Quick ratio for the last quarter at 1.60.
How has FCX stock performed recently?
Freeport-McMoRan Inc. [FCX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.71. With this latest performance, FCX shares dropped by -14.47% in over the last four-week period, additionally plugging by 27.91% over the last 6 months – not to mention a drop of -5.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FCX stock in for the last two-week period is set at 36.96, with the RSI for the last a single of trading hit 30.16, and the three-weeks RSI is set at 42.39 for Freeport-McMoRan Inc. [FCX]. The present Moving Average for the last 50 days of trading for this stock 41.92, while it was recorded at 41.33 for the last single week of trading, and 34.93 for the last 200 days.
Freeport-McMoRan Inc. [FCX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Freeport-McMoRan Inc. [FCX] shares currently have an operating margin of +32.36 and a Gross Margin at +34.68. Freeport-McMoRan Inc.’s Net Margin is presently recorded at +14.83.
Return on Equity for this stock inclined to 23.44, with Return on Assets sitting at 6.98.
Freeport-McMoRan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.50.
Earnings analysis for Freeport-McMoRan Inc. [FCX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FCX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Freeport-McMoRan Inc. go to -11.10%.
Insider trade positions for Freeport-McMoRan Inc. [FCX]
There are presently around $45,153 million, or 79.30% of FCX stock, in the hands of institutional investors. The top three institutional holders of FCX stocks are: VANGUARD GROUP INC with ownership of 117,165,294, which is approximately 0.925% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 109,041,052 shares of the stock with an approximate value of $4.35 billion in FCX stocks shares; and FMR LLC, currently with $4.09 billion in FCX stock with ownership of nearly 3.149% of the company’s market capitalization.
Positions in Freeport-McMoRan Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 697 institutional holders increased their position in Freeport-McMoRan Inc. [NYSE:FCX] by around 76,356,906 shares. Additionally, 502 investors decreased positions by around 57,654,808 shares, while 164 investors held positions by with 997,919,779 shares. The mentioned changes placed institutional holdings at 1,131,931,493 shares, according to the latest SEC report filing. FCX stock had 253 new institutional investments in for a total of 21,182,704 shares, while 102 institutional investors sold positions of 9,619,777 shares during the same period.