Freeport-McMoRan Inc [NYSE: FCX] jumped around 0.85 points on Friday, while shares priced at $42.66 at the close of the session, up 2.03%.
Compared to the average trading volume of 11.13M shares, FCX reached a trading volume of 10824127 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $54.99 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 1.71. 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 Buy, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $49.50 to $62. The new note on the price target was released on June 21, 2024, representing the official price target for Freeport-McMoRan Inc stock. Previously, the target price had yet another raise to $59, while BofA Securities analysts kept a Buy rating on FCX stock.
The Average True Range (ATR) for Freeport-McMoRan Inc is set at 1.30, with the Price to Sales ratio for FCX stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 3.52, with the Price to Cash per share for the same quarter was set at 4.39. Price to Free Cash Flow for FCX in the course of the last twelve months was 40.92 with Quick ratio for the last quarter at 1.34.
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 6.65. With this latest performance, FCX shares gained by 1.79% in over the last four-week period, additionally sinking by -1.23% over the last 6 months – not to mention a rise of 8.08% 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 49.39, with the RSI for the last a single of trading hit 53.96, and the three-weeks RSI is set at 47.06 for Freeport-McMoRan Inc [FCX]. The present Moving Average for the last 50 days of trading for this stock 44.44, while it was recorded at 41.32 for the last single week of trading, and 44.61 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 1.34 and a Current Ratio set at 2.40.
Earnings analysis for Freeport-McMoRan Inc [FCX]
With the latest financial reports released by the company, Freeport-McMoRan Inc posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 10.30%.
Insider trade positions for Freeport-McMoRan Inc [FCX]
There are presently around $85.11%, or 85.65%% of FCX stock, in the hands of institutional investors. The top three institutional holders of FCX stocks are: VANGUARD GROUP INC with ownership of 121.49 million shares, which is approximately 8.4606%. BLACKROCK INC., holding 108.29 million shares of the stock with an approximate value of $$5.26 billion in FCX stocks shares; and BLACKROCK INC., currently with $$3.71 billion in FCX stock with ownership which is approximately 5.3164%.
