Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.90 and has seen 3.82 million shares traded in the recent trading session. The company, currently valued at $69.86B, closed the recent trade at $48.62 per share which meant it lost -$1.41 on the day or -2.82% during that session. The FCX stock price is -13.43% off its 52-week high price of $55.15 and 32.81% 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 9.9 million shares traded. The 3-month trading volume is 12.05 million shares.

The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.79. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 19 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight.

Freeport-McMoRan Inc (NYSE:FCX) trade information

Sporting -2.82% in the red today, 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 $48.62 or saw a rise of 3.3%. Year-to-date, Freeport-McMoRan Inc shares have moved 14.75%, while the 5-day performance has seen it change -4.28%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed 13.96%. Short interest in the company has seen 22.87 million shares shorted with days to cover at 1.65.

Wall Street analysts have a consensus price target for the stock at $47, which means that the shares’ value could drop -3.45% from the levels at last check today.. The projected low price target is $24.0 while the price target rests at a high of $58.0. In that case, then, we find that the latest price level in today’s session is -19.29% off the targeted high while a plunge would see the stock lose 50.64% from the levels at last check today..

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 lost -2.66% over the past 6 months, with this year growth rate of 2.60%, compared to 19.00% 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 3.96% while over the next 5 years, the company’s earnings are expected to increase by 25.06%.

FCX Dividends

Freeport-McMoRan Inc is expected to release its next earnings report on 2024-Oct-22 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 0.62%. 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

Insiders own 0.63% of the company shares, while shares held by institutions stand at 85.10% with a share float percentage of 85.64%. Investors are also buoyed by the number of investors in a company, with Freeport-McMoRan Inc having a total of 2037.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 121.49 million shares worth more than $5.9 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.4606% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 108.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.26 billion and represent 7.5409% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.16% shares in the company for having 45.42 shares of worth $2.2 billion while later fund manager owns 36.87 shares of worth $1.78 billion as of Jun 30, 2024 , which makes it owner of about 2.57% of company’s outstanding stock.