A share price of Freeport-McMoRan Inc [FCX] is currently trading at $38.96, up 1.01%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FCX shares have gain 2.63% over the last week, with a monthly amount drifted -3.33%, 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 31, 2025, when Argus downgraded its rating to a Hold. Previously, Jefferies downgraded its rating to Hold on January 24, 2025, and dropped its price target to $40. On January 07, 2025, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $46 on the stock. Scotiabank downgraded its rating to a Sector Perform but stick to its price target of $52 on September 30, 2024. UBS upgraded its rating to a Buy and raised its price target to $55 on September 04, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on June 21, 2024, and upped its price target to $62. In a note dated April 09, 2024, BofA Securities upgraded an Buy rating on this stock but restated the target price of $59.
Freeport-McMoRan Inc experienced fluctuations in its stock price throughout the past year between $34.89 and $54.96. Currently, Wall Street analysts expect the stock to reach $55.33 within the next 12 months. Freeport-McMoRan Inc [NYSE: FCX] shares were valued at $38.96 at the most recent close of the market. An investor can expect a potential return of 42.02% based on the average FCX price forecast.
Analyzing the FCX fundamentals
Trailing Twelve Months sales for Freeport-McMoRan Inc [NYSE:FCX] were 25.14B which represents 1.40% growth. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 38.49 points at the first support level, and at 38.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.53, and for the 2nd resistance point, it is at 40.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Freeport-McMoRan Inc [NYSE:FCX] is 2.42. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 3.18 and price to earnings (TTM) ratio is 30.06.
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.
