Currently, there are 1.44B common shares owned by the public and among those 1.41B shares have been available to trade.
Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 65,810 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 33,311 shares.
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However, the script later moved the day high at 39.15, up 0.75%. The company’s stock has a 5-day price change of 1.86% and 5.49% over the past three months. FCX shares are trading -8.31% year to date (YTD), with the 12-month market performance down to -6.07% lower. It has a 12-month low price of $32.77 and touched a high of $44.53 over the same period. FCX has an average intraday trading volume of 12.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.28%, -2.48%, and 1.55% respectively.
Institutional ownership of Freeport-McMoRan Inc (NYSE: FCX) shares accounts for 80.50% of the company’s 1.44B shares outstanding.
It has a market capitalization of $55.88B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 30.69, while the earnings-per-share (ttm) stands at $1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.64% over the week and 2.37% over the month.
Analysts forecast that Freeport-McMoRan Inc (FCX) will achieve an EPS of $0.38 for the current quarter, $0.36 for the next quarter and $2.14 for 2025. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.51. Comparatively, EPS for the current quarter was $0.52 a year ago. Earnings per share for the fiscal year are expected to increase by 2.10%, and 33.50% over the next financial year. EPS should grow at an annualized rate of -1.07% over the next five years, compared to -6.56% over the past 5-year period.
Looking at the support for the FCX, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 16, 2024, with the firm’s price target at $41. Bernstein coverage for the Freeport-McMoRan Inc (FCX) stock in a research note released on January 08, 2024 offered a Outperform rating with a price target of $48.50. JP Morgan was of a view on October 17, 2023 that the stock is Neutral, while Bernstein gave the stock Mkt Perform rating on June 29, 2023, issuing a price target of $41. Scotiabank on their part issued Sector Outperform rating on March 14, 2023.
