At the time of writing, Freeport-McMoRan Inc [FCX] stock is trading at $39.41, up 1.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FCX shares have gain 4.51% over the last week, with a monthly amount drifted -7.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Freeport-McMoRan Inc [NYSE: FCX] stock has seen the most recent analyst activity on January 07, 2025, when Bernstein downgraded its rating to a Mkt Perform and also revised its price target to $46 from $51. Previously, Scotiabank downgraded its rating to Sector Perform on September 30, 2024, and kept the price target unchanged to $52. On September 04, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $55 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $62 on June 21, 2024. BofA Securities upgraded its rating to a Buy but $59 remained the price target by the analyst firm on April 09, 2024. In a note dated January 08, 2024, Bernstein upgraded an Outperform rating on this stock and boosted its target price from $41 to $48.50.
For the past year, the stock price of Freeport-McMoRan Inc fluctuated between $36.09 and $55.07. Currently, Wall Street analysts expect the stock to reach $54.75 within the next 12 months. Freeport-McMoRan Inc [NYSE: FCX] shares were valued at $39.41 at the most recent close of the market. An investor can expect a potential return of 38.92% based on the average FCX price forecast.
Analyzing the FCX fundamentals
According to Freeport-McMoRan Inc [NYSE:FCX], the company’s sales were 25.06B for trailing twelve months, which represents an 13.84% jump. 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 38.82 points at the first support level, and at 38.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.80, and for the 2nd resistance point, it is at 40.19.
Ratios To Look Out For
It is important to note that Freeport-McMoRan Inc [NYSE:FCX] has a current ratio of 2.33. Also, the Quick Ratio is 1.30, while the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 3.23 and price to earnings (TTM) ratio is 28.67.
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.
