Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.63 and has seen 2.65 million shares traded in the recent trading session. The company, currently valued at $59.62B, closed the recent trade at $41.51 per share which meant it gained $0.57 on the day or 1.40%% during that session. The FCX stock price is -26.02% off its 52-week high price of $52.31 and 33.51% 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 10.4 million shares traded. The 3-month trading volume is 15.71 million shares.
The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.65. 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 1.40%% in the green 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 $41.51 or saw a rise of 0.77%. Year-to-date, Freeport-McMoRan Inc shares have moved -15.29%, while the 5-day performance has seen it change -0.94%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed 10.12%. Short interest in the company has seen 20.92 million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $45.5, which means that the shares’ value could jump 8.77% from the levels at last check today.. The projected low price target is $39.0 while the price target rests at a high of $52.0. In that case, then, we find that the latest price level in today’s session is -25.27% off the targeted high while a plunge would see the stock lose 6.05% from the levels at last check today..
Freeport-McMoRan Inc (FCX) estimates and forecasts
The company’s shares have gained 7.69% over the past 6 months.
Earnings growth for 2025 is a modest 10.68% while over the next 5 years, the company’s earnings are expected to increase by 22.57%.
FCX Dividends
Freeport-McMoRan Inc is expected to release its next earnings report on 2025-Apr-24 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 0.72%. 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 0.67% of the company shares, while shares held by institutions stand at 86.74% with a share float percentage of 87.32%. Investors are also buoyed by the number of investors in a company, with Freeport-McMoRan Inc having a total of 1992.0 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 Mar 31, 2025 , the former fund manager holds about 3.16% shares in the company for having 45.39 shares of worth $1.88 billion while later fund manager owns 39.93 shares of worth $1.66 billion as of Mar 31, 2025 , which makes it owner of about 2.78% of company’s outstanding stock.
