Freeport-McMoRan Inc. (FCX) is expected to grow earnings and revenues in the years ahead

Freeport-McMoRan Inc. [FCX] stock prices are up down -5.45% to $28.10 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FCX shares have lost -6.43% over the last week, with a monthly amount drifted -5.89%, and not seem to be holding up well over a long-time horizon.

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On 21, September 2022, Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock. In a post published today on Yahoo Finance, Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on November 1, 2022, to shareholders of record as of October 14, 2022. These dividends are being paid consistent with FCX’s performance-based payout framework, which includes a base dividend of $0.075 per share and variable dividend of $0.075 per share, announced in November 2021.

From an analyst’s perspective:

Freeport-McMoRan Inc. [NYSE: FCX] stock has seen the most recent analyst activity on July 13, 2022, when Exane BNP Paribas upgraded its rating to a Outperform. Previously, Citigroup downgraded its rating to Neutral on July 13, 2022, and dropped its price target to $28. On July 07, 2022, downgrade downgraded it’s rating to Peer Perform. Credit Suisse upgraded its rating to a Neutral and increased its price target to $38 on June 09, 2022. Exane BNP Paribas downgraded its rating to a Neutral but $50 remained the price target by the analyst firm on April 05, 2022. Wolfe Research reiterated a Outperform rating for this stock on January 27, 2022, and downed its price target to $45. In a note dated January 27, 2022, Jefferies reiterated an Buy rating on this stock and boosted its target price from $50 to $55.

The stock price of Freeport-McMoRan Inc. [FCX] has been fluctuating between $24.80 and $51.76 over the past year. Currently, Wall Street analysts expect the stock to reach $38.41 within the next 12 months. Freeport-McMoRan Inc. [NYSE: FCX] shares were valued at $28.10 at the most recent close of the market. An investor can expect a potential return of 36.69% based on the average price forecast.

Analyzing the FCX fundamentals

The most recent quarter, Freeport-McMoRan Inc. [NYSE:FCX] reported sales of 6.18 billion, representing a drop of -5.80%. Gross Margin for this corporation currently stands at +37.07% with Operating Margin at +34.95%, Pretax Margin comes in at +34.26%, and Net Margin reading is +19.23%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.46 points at the first support level, and at 26.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.36, and for the 2nd resistance point, it is at 30.62.

Freeport-McMoRan Inc. [FCX] reported earnings per share of $0.58 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.61/share, meaning a difference of $-0.03 and a surprise factor of -4.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.07 per share as compared to estimates of $0.94 per share, a difference of $0.13 representing a surprise of 13.80%.

Ratios To Look Out For

It’s worth pointing out that Freeport-McMoRan Inc. [NYSE:FCX]’s Current Ratio is 2.70. On the other hand, the Quick Ratio is 1.75, and the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 2.77, the price to book ratio is 4.35 and the P/E (TTM) ratio is 8.51.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 3 insider purchases totaling 4,708 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Lance Ryan Michael, Director, that happened on Aug 29 when 31000.0 shares were purchased. Director, Lewis Sara Grootwassink completed a deal on Aug 03 to buy 3000.0 shares. Meanwhile, Director MCCOY DUSTAN E sold 8200.0 shares on May 31.