Currently, there are 1.44B common shares owned by the public and among those 1.41B shares have been available to trade.
The company’s stock has a 5-day price change of 0.28% and 28.15% over the past three months. FCX shares are trading 16.92% year to date (YTD), with the 12-month market performance up to 19.28% higher. It has a 12-month low price of $32.72 and touched a high of $52.42 over the same period. FCX has an average intraday trading volume of 14.40 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 2.39%, 15.12%, and 24.71% respectively.
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Institutional ownership of Freeport-McMoRan Inc (NYSE: FCX) shares accounts for 80.56% of the company’s 1.44B shares outstanding.
It has a market capitalization of $71.16B and a beta (3y monthly) value of 2.01. The stock’s trailing 12-month PE ratio is 39.08, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 1.47 and a Quick Ratio of 1.38 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 2.83% over the month.
Analysts forecast that Freeport-McMoRan Inc (FCX) will achieve an EPS of $FedEx Corporation for the current quarter, $266.99 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cemex, S.A.B. de C.V. Sponsored while analysts give the company a high EPS estimate of $Fomento Economico Mexicano S.A.. Comparatively, EPS for the current quarter was $Fox Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 3.18%, and 32.49% over the next financial year. EPS should grow at an annualized rate of 26.54% 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. BofA Securities stated their Buy rating for the stock in a research note on April 09, 2024, with the firm’s price target at $59. UBS coverage for the Freeport-McMoRan Inc (FCX) stock in a research note released on January 16, 2024 offered a Neutral rating with a price target of $41. Bernstein was of a view on January 08, 2024 that the stock is Outperform, while JP Morgan gave the stock Neutral rating on October 17, 2023, issuing a price target of $42. Bernstein on their part issued Mkt Perform rating on June 29, 2023.
