In last trading session, Freeport-McMoRan Inc (NYSE:FCX) saw 24.39 million shares changing hands with its beta currently measuring 1.98. Company’s recent per share price level of $48.78 trading at -$1.13 or -2.26% at ring of the bell on the day assigns it a market valuation of $69.97B. That closing price of FCX’s stock is at a discount of -7.67% from its 52-week high price of $52.52 and is indicating a premium of 32.92% from its 52-week low price of $32.72. Taking a look at company’s average trading volume volume of 14.83 million if we extend that period to 3-months.
Freeport-McMoRan Inc (NYSE:FCX) trade information
Upright in the red during last session for losing -2.26%, in the last five days FCX remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $48.78 price level, adding 7.12% to its value on the day. Freeport-McMoRan Inc’s shares saw a change of 14.97% in year-to-date performance and have moved -1.26% in past 5-day. Freeport-McMoRan Inc (NYSE:FCX) showed a performance of -1.53% in past 30-days.
Freeport-McMoRan Inc (FCX) estimates and forecasts
Statistics highlight that Freeport-McMoRan Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 44.88% of value to its shares in past 6 months, showing an annual growth rate of 9.74% while that of industry is 9.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.10% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.04B for the same. And 2 analysts are in estimates of company making revenue of 6.22B in the next quarter. Company posted 5.74B and 4.96B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -6.56% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 2.82% while estimates for its earnings growth in next 5 years are of 26.54%.
FCX Dividends
Freeport-McMoRan Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
