At the time of writing, Freeport-McMoRan Inc [FCX] stock is trading at $48.53, up 1.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The FCX shares have gain 2.64% over the last week, with a monthly amount glided 7.68%, 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 September 30, 2024, when Scotiabank downgraded its rating to a Sector Perform but kept the price target unchanged to $52 for it. Previously, UBS upgraded its rating to Buy on September 04, 2024, and elevated its price target to $55. On June 21, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $62 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $59 on April 09, 2024. Bernstein upgraded its rating to Outperform for this stock on January 08, 2024, and upped its price target to $48.50. In a note dated October 17, 2023, JP Morgan initiated an Neutral rating and provided a target price of $42 on this stock.
For the past year, the stock price of Freeport-McMoRan Inc fluctuated between $32.62 and $55.07. Currently, Wall Street analysts expect the stock to reach $46.37 within the next 12 months. Freeport-McMoRan Inc [NYSE: FCX] shares were valued at $48.53 at the most recent close of the market. An investor can expect a potential drop of -4.45% based on the average FCX price forecast.
Analyzing the FCX fundamentals
According to Freeport-McMoRan Inc [NYSE:FCX], the company’s sales were 24.25B for trailing twelve months, which represents an 7.38% jump. Gross Profit Margin for this corporation currently stands at -2.75% with Operating Profit Margin at 1.25%, Pretax Profit Margin comes in at 1.28%, and Net Profit Margin reading is 1.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.39 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 47.40 points at the first support level, and at 46.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.89, and for the 2nd resistance point, it is at 51.25.
Ratios To Look Out For
It is important to note that Freeport-McMoRan Inc [NYSE:FCX] has a current ratio of 2.40. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 4.01 and price to earnings (TTM) ratio is 36.62.
Transactions by insiders
Recent insider trading involved Higgins Stephen T., Senior VP & CAO, that happened on May 13 ’24 when 80000.0 shares were sold. Chairman of the Board & CEO, ADKERSON RICHARD C completed a deal on May 06 ’24 to sell 54771.0 shares. Meanwhile, Senior VP & CAO Higgins Stephen T. sold 43900.0 shares on May 01 ’24.
