Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.92 and has seen 9.53 million shares traded in the last trading session. The company, currently valued at $65.93B, closed the last trade at $45.90 per share which meant it lost -$0.02 on the day or -0.04% during that session. The FCX stock price is -20.15% off its 52-week high price of $55.15 and 28.82% above the 52-week low of $32.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.3 million shares traded. The 3-month trading volume is 13.65 million shares.
The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.88. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 19 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight.
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Freeport-McMoRan Inc (NYSE:FCX) trade information
Sporting -0.04% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FCX stock price touched $45.90 or saw a rise of 10.05%. Year-to-date, Freeport-McMoRan Inc shares have moved 8.34%, while the 5-day performance has seen it change -10.36%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed -3.61%. Short interest in the company has seen 21.64 million shares shorted with days to cover at 1.72.
Wall Street analysts have a consensus price target for the stock at $47, which means that the shares’ value could jump 2.34% from current levels. The projected low price target is $24 while the price target rests at a high of $62. In that case, then, we find that the current price level is -35.08% off the targeted high while a plunge would see the stock lose 47.71% from current levels.
Freeport-McMoRan Inc (FCX) estimates and forecasts
Figures show that Freeport-McMoRan Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 20.48% over the past 6 months, with this year growth rate of 9.09%, compared to 11.00% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.56% over the past 5 years. Earnings growth for 2024 is a modest 7.54% while over the next 5 years, the company’s earnings are expected to increase by 10.30%.
FCX Dividends
Freeport-McMoRan Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.30 at a share yield of 0.65%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.73%.
Freeport-McMoRan Inc (NYSE:FCX)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 120.7 million shares worth more than $5.68 billion. As of 2024-03-31, VANGUARD GROUP INC held 8.4169% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 108.9 million shares as of 2024-03-31. The firm’s total holdings are worth over $5.12 billion and represent 7.5945% of shares outstanding.
