Freeport-McMoRan Inc [FCX] stock prices are up 1.31% to $44.12 at the moment. 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 1.19% over the last week, with a monthly amount drifted -7.97%, and not 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.
The stock price of Freeport-McMoRan Inc [FCX] has been fluctuating between $35.81 and $55.07 over the past year. 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 $44.12 at the most recent close of the market. An investor can expect a potential return of 5.1% based on the average FCX price forecast.
Analyzing the FCX fundamentals
The Freeport-McMoRan Inc [NYSE:FCX] reported sales of 25.06B for trailing twelve months, representing a surge of 13.84%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
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 43.43 points at the first support level, and at 42.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.50, and for the 2nd resistance point, it is at 44.89.
Ratios To Look Out For
It’s worth pointing out that Freeport-McMoRan Inc [NYSE:FCX]’s Current Ratio is 2.33. Further, the Quick Ratio stands at 1.30, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 3.61 and price to earnings (TTM) ratio is 32.10.
Transactions by insiders
Recent insider trading involved Robertson Maree E., EVP & CFO, that happened on Nov 11 ’24 when 13000.0 shares were sold. Officer, Robertson Maree E. completed a deal on Nov 11 ’24 to buy 13000.0 shares. Meanwhile, Senior VP & CAO Higgins Stephen T. sold 80000.0 shares on May 13 ’24.
