Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.90 and has seen 4.07 million shares traded in the recent trading session. The company, currently valued at $64.64B, closed the recent trade at $46.17 per share which meant it lost -$0.82 on the day or -1.75% during that session. The FCX stock price is -19.28% off its 52-week high price of $55.07 and 29.35% above the 52-week low of $32.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.58 million shares traded. The 3-month trading volume is 10.94 million shares.
The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.72. 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. The expected earnings per share for the stock is 0.36.
Freeport-McMoRan Inc (NYSE:FCX) trade information
Sporting -1.75% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FCX stock price touched $46.17 or saw a rise of 1.77%. Year-to-date, Freeport-McMoRan Inc shares have moved 9.14%, while the 5-day performance has seen it change 0.44%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed -4.83%. Short interest in the company has seen 24.41 million shares shorted with days to cover at 1.85.
Wall Street analysts have a consensus price target for the stock at $47, which means that the shares’ value could jump 1.77% 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 -25.62% off the targeted high while a plunge would see the stock lose 48.02% 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 -7.31% over the past 6 months, with this year growth rate of -1.30%, compared to 11.20% for the industry. Revenue growth from the last financial year stood is estimated to be 13.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 6.29B for the current quarter. 2 have an estimated revenue figure of 7.04B for the next ending quarter. Year-ago sales stood 5.91B and 6.32B respectively for this quarter and the next, and analysts expect sales will grow by 6.50% for the current quarter and 13.60% for the next.
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 -0.08% while over the next 5 years, the company’s earnings are expected to increase by 24.99%.
FCX Dividends
Freeport-McMoRan Inc is expected to release its next earnings report on 2025-Jan-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 0.65%. 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
Insiders own 0.63% of the company shares, while shares held by institutions stand at 85.31% with a share float percentage of 85.86%. Investors are also buoyed by the number of investors in a company, with Freeport-McMoRan Inc having a total of 2040.0 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.
