In yesterday’s Wall Street session, Freeport-McMoRan Inc (NYSE:FCX) shares traded at $46.60, down -0.51% from the previous session.
FCX stock price is now 1.48% away from the 50-day moving average and 2.05% away from the 200-day moving average. The market capitalization of the company currently stands at $65.24B.
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With the price target maintained at $52, Scotiabank recently Downgraded its rating from Sector Outperform to Sector Perform for Freeport-McMoRan Inc (NYSE: FCX). On September 04, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $54 to quote $55, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Higgins Stephen T., Senior VP & CAO sold 80,000 shares of the company’s stock on May 13 ’24. The stock was sold for $4,162,512 at an average price of $52.03. Upon completion of the transaction, the Senior VP & CAO now directly owns 104,377 shares in the company, valued at $4.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chairman of the Board & CEO ADKERSON RICHARD C sold 54,771 shares of the business’s stock. A total of $2,781,118 was realized by selling the stock at an average price of $50.78. This leaves the insider owning 3,652,478 shares of the company worth $170.21 million. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $32.62 and a high of $55.07. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.33, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $81237000192, which is based on a 33.80 price-to-earnings ratio, a 1.35 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for FCX is $45.9756 and a two-hundred day moving average price translates $45.7903 for the stock.
The latest earnings results from Freeport-McMoRan Inc (NYSE: FCX) was released for 2024-09-30. The net profit margin was 7.91% and return on equity was 11.71% for FCX. The company reported revenue of $6.62 billion for the quarter, compared to $5.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.46 percent.
