In the latest trading session,, 2.32 million Freeport-McMoRan Inc (NYSE:FCX) shares changed hands as the company’s beta touched 1.63. With the company’s most recent per share price at $38.22 changing hands around $0.2 or 0.52% at last look, the market valuation stands at $54.89B. FCX’s current price is a discount, trading about -43.49% off its 52-week high of $54.84. The share price had its 52-week low at $27.60, which suggests the last value was 27.79% up since then.
Analysts gave the Freeport-McMoRan Inc (FCX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.74. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended FCX as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
Freeport-McMoRan Inc (NYSE:FCX) trade information
Instantly FCX is in green as seen in intraday trades today. With action -2.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 0.78%, with the 5-day performance at -2.28% in the red. However, in the 30-day time frame, Freeport-McMoRan Inc (NYSE:FCX) is 16.17% up.
The consensus price target for the stock as assigned by Wall Street analysts is 45.5, meaning bulls need an upside of 16.0% from its recent market value. According to analyst projections, FCX’s forecast low is 39 with 52 as the target high. To hit the forecast high, the stock’s price needs a -36.05% plunge from its current level, while the stock would need to soar -2.04% for it to hit the projected low.
The 2025 estimates are for Freeport-McMoRan Inc earnings to increase by 7.36%, but the outlook for the next 5-year period is at 23.55% per year.
FCX Dividends
Freeport-McMoRan Inc is expected to release its next quarterly earnings report in June. The 0.78% annual yield figure for the share gives it an annual dividend of 0.30. It is important to note, however, that the 0.78% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.5409% or 108.29 million shares worth $5.26 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 45.04 shares estimated at $1.73 billion under it, the former controlled 3.14% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.71% of the shares, roughly 38.9 shares worth around $1.49 billion.
