Freeport-McMoRan Inc. [FCX] stock is up 1.05 while the S&P 500 has fallen -0.13% on Tuesday, 10/13/20. While at the time of this article, FCX ATR is sitting at 0.67, with the beta value at 2.30. This stock’s volatility for the past week remained at 3.17%, while it was 4.03% for the past 30-day period. FCX has risen $0.18 from the previous closing price of $16.82 on volume of 3.5 million shares.

On 21, September 2020, Freeport-McMoRan Announces Commitment to Copper Mark Responsible Production Framework. According to news published on Yahoo Finance, Freeport-McMoRan Inc. (NYSE: FCX) today announces its commitment to the Copper Mark. The Copper Mark is a new, comprehensive assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals (SDGs). It is the first and only framework developed specifically for the copper industry and enables each site to demonstrate to customers, investors and other stakeholders their responsible production performance.

Analyst Birdseye View:

The most recent analyst activity for Freeport-McMoRan Inc. [NYSE:FCX] stock was on September 24, 2020, when it was Upgrade with an Overweight rating from Morgan Stanley, which also raised its 12-month price target on the stock from $12.50 to $19. On August 04, 2020, Morgan Stanley Downgrade an Equal-weight rating and boosted its price target on this stock to $12.50. On July 20, 2020, Barclays Downgrade an Equal weight rating and increased its price target to $14. On April 27, 2020, Scotiabank Upgrade a Sector outperform rating and increased its price target to $12.50. On April 16, 2020, Barclays Upgrade an Overweight rating and boosted its amount on this stock to $10. On April 07, 2020, Credit Suisse Upgrade a Neutral rating and decreased its target amount on this stock from $10 to $8. On January 14, 2020, Credit Suisse Downgrade an Underperform rating and improved its amount target to $10.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.82 and a peak of $17.50. At the most recent market close, shares of Freeport-McMoRan Inc. [NYSE:FCX] were valued at $17.00.

FUNDAMENTAL ANALYSIS

Freeport-McMoRan Inc. [NYSE:FCX] most recently reported quarterly sales of 2.88 billion, which represented growth of -58.40%. This publicly-traded organization’s revenue is $522,036 per employee, while its income is -$8,909 per employee. This company’s Gross Margin is currently 7.10%, its Operating Margin is 4.00%, its Pretax Margin is +2.13, and its Net Margin is -1.71. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.59, -2.57, 2.37 and -1.22 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 52.00 and the whole liability to whole assets at 24.69. It shows enduring liability to the whole principal at 51.75 and enduring liability to assets at 0.25 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.56 points at 1st support level, the second support level is making up to 16.30. But as of 1st resistance point, this stock is sitting at 17.04 and at 17.26 for 2nd resistance point.

Freeport-McMoRan Inc. [FCX] reported its earnings at $0.03 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.02/share signifying the difference of 0.05 and 250.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.16 calling estimates for -$0.18/share with the difference of 0.02 depicting the surprise of 11.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Freeport-McMoRan Inc. [NYSE:FCX] is 2.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.66. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.33 and it’s amount to book ratio is 2.05.

Insider Stories

The most recent insider trade was by QUIRK KATHLEEN L, EVP and CFO, and it was the purchase of 85000.0 shares on Mar 05. ADKERSON RICHARD C, the Vice Chairman, President & CEO, completed a purchase of 0.25 million shares on Mar 05. On Jan 28, STEPHENS JOHN JOSEPH, Director, completed a purchase of 45000.0 shares.