UBS lifts Freeport-McMoRan Inc [FCX] price estimate. Who else is bullish?

Freeport-McMoRan Inc [NYSE: FCX] jumped around 0.15 points on Friday, while shares priced at $39.59 at the close of the session, up 0.38%. The company report on January 24, 2024 at 8:00 AM that Freeport-McMoRan Fourth-Quarter and Year Ended 2023 Financial and Operating Results Release Available on Its Website.

Freeport-McMoRan Inc. (NYSE: FCX) today announced that it has posted its fourth-quarter and year ended 2023 financial and operating results press release on the Investor Relations page of its website at

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly and year end results. The conference call will be webcast on the Internet along with slides. Interested parties may listen to the conference call live and view the slides on the Investor Relations page of FCX’s website at A replay of the webcast will be available through Friday, February 16, 2024.

Compared to the average trading volume of 11.71M shares, FCX reached a trading volume of 10086478 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 $46.18 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 2.00. 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.

UBS have made an estimate for Freeport-McMoRan Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 16, 2024.

The Average True Range (ATR) for Freeport-McMoRan Inc is set at 1.19, with the Price to Sales ratio for FCX stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 3.45, with the Price to Cash per share for the same quarter was set at 4.16. Price to Free Cash Flow for FCX in the course of the last twelve months was 124.77 with Quick ratio for the last quarter at 1.38.

How has FCX stock performed recently?

Freeport-McMoRan Inc [FCX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.12. With this latest performance, FCX shares dropped by -7.40% in over the last four-week period, additionally sinking by -8.20% over the last 6 months – not to mention a drop of -14.48% 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 49.22, with the RSI for the last a single of trading hit 49.01, and the three-weeks RSI is set at 50.26 for Freeport-McMoRan Inc [FCX]. The present Moving Average for the last 50 days of trading for this stock 39.27, while it was recorded at 38.88 for the last single week of trading, and 38.53 for the last 200 days.

Freeport-McMoRan Inc [FCX]: Deeper insight into the fundamentals

Freeport-McMoRan Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.38 and a Current Ratio set at 2.42.

Earnings analysis for Freeport-McMoRan Inc [FCX]

With the latest financial reports released by the company, Freeport-McMoRan Inc posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.60%. 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 -1.07%.

Insider trade positions for Freeport-McMoRan Inc [FCX]

The top three institutional holders of FCX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FCX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FCX stock with ownership which is approximately 5.8325%.