Freeport-McMoRan Inc [FCX] stock is trading at $50.02, up 1.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FCX shares have gain 0.19% over the last week, with a monthly amount glided 15.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Freeport-McMoRan Inc [NYSE: FCX] stock has seen the most recent analyst activity on April 09, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $59 for it. On January 08, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $48.50 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $42 on October 17, 2023. Bernstein initiated its recommendation with a Mkt Perform and recommended $41 as its price target on June 29, 2023. Scotiabank upgraded its rating to Sector Outperform for this stock on March 14, 2023, and upped its price target to $50. In a note dated November 11, 2022, Scotiabank downgraded an Sector Perform rating on this stock but restated the target price of $34.
Freeport-McMoRan Inc [FCX] stock has fluctuated between $32.72 and $52.42 over the past year. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. Freeport-McMoRan Inc [NYSE: FCX] shares were valued at $50.02 at the most recent close of the market. An investor can expect a potential drop of -14.03% based on the average FCX price forecast.
Analyzing the FCX fundamentals
Freeport-McMoRan Inc [NYSE:FCX] reported sales of 22.71B for the trailing twelve months, which represents a growth of 6.50%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.16 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 49.44 points at the first support level, and at 48.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.82, and for the 2nd resistance point, it is at 51.63.
Ratios To Look Out For
For context, Freeport-McMoRan Inc’s Current Ratio is 2.42. Further, the Quick Ratio stands at 1.38, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 3.16, the price to book ratio is 4.30 and price to earnings (TTM) ratio is 39.40.
Transactions by insiders
Recent insider trading involved Lewis Sara Grootwassink, Director, that happened on May 12 ’23 when 4000.0 shares were purchased.
