Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.64 and has seen 2.64 million shares traded in the recent trading session. The company, currently valued at $48.62B, closed the recent trade at $33.83 per share which meant it gained $0.88 on the day or 2.67% during that session. The FCX stock price is -62.1% off its 52-week high price of $54.84 and 18.42% above the 52-week low of $27.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.01 million shares traded. The 3-month trading volume is 18.84 million shares.
The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.75. 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 0.24.
Freeport-McMoRan Inc (NYSE:FCX) trade information
Sporting 2.67% in the green 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 $33.83 or saw a rise of 0.44%. Year-to-date, Freeport-McMoRan Inc shares have moved -10.79%, while the 5-day performance has seen it change 0.46%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed -15.76%. Short interest in the company has seen 27.87 million shares shorted with days to cover at 1.49.
Wall Street analysts have a consensus price target for the stock at $39, which means that the shares’ value could jump 13.26% from the levels at last check today.. The projected low price target is $39.0 while the price target rests at a high of $39.0. In that case, then, we find that the latest price level in today’s session is -15.28% off the targeted high while a plunge would see the stock gain -15.28% from the levels at last check today..
Freeport-McMoRan Inc (FCX) estimates and forecasts
The company’s shares have lost -29.16% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 3.42%.
6 analysts offering their estimates for the company have set an average revenue estimate of 5.47B for the current quarter. 5 have an estimated revenue figure of 6.99B for the next ending quarter. Year-ago sales stood 6.32B and 6.62B respectively for this quarter and the next, and analysts expect sales will shrink by -13.44% for the current quarter and 3.42% for the next.
Earnings growth for 2025 is a modest 9.91% while over the next 5 years, the company’s earnings are expected to increase by 23.87%.
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 0.88%. 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 0.66% of the company shares, while shares held by institutions stand at 85.61% with a share float percentage of 86.18%. Investors are also buoyed by the number of investors in a company, with Freeport-McMoRan Inc having a total of 1976.0 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Dec 31, 2024 , the former fund manager holds about 3.13% shares in the company for having 45.04 shares of worth $1.53 billion while later fund manager owns 38.9 shares of worth $1.32 billion as of Dec 31, 2024 , which makes it owner of about 2.71% of company’s outstanding stock.
