In last trading session, Freeport-McMoRan Inc (NYSE:FCX) saw 20.4 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $44.46 trading at $2.85 or 6.85% at ring of the bell on the day assigns it a market valuation of $63.85B. That closing price of FCX’s stock is at a discount of -17.66% from its 52-week high price of $52.31 and is indicating a premium of 37.92% from its 52-week low price of $27.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.95 million shares which gives us an average trading volume of 15.32 million if we extend that period to 3-months.
For Freeport-McMoRan Inc (FCX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.65. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Freeport-McMoRan Inc (NYSE:FCX) trade information
Upright in the green during last session for gaining 6.85%, in the last five days FCX remained trading in the green while hitting it’s week-highest on Thursday, 06/26/25 when the stock touched $44.46 price level, adding 0.98% to its value on the day. Freeport-McMoRan Inc’s shares saw a change of -11.12% in year-to-date performance and have moved 7.97% in past 5-day. Freeport-McMoRan Inc (NYSE:FCX) showed a performance of 12.16% in past 30-days. Number of shares sold short was 23.98 million shares which calculate 2.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 45.5 to the stock, which implies a rise of 2.29% to its current value. Analysts have been projecting 39 as a low price target for the stock while placing it at a high target of 52. It follows that stock’s current price would jump 12.28% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.28% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 11.40% while estimates for its earnings growth in next 5 years are of 22.57%.
FCX Dividends
Freeport-McMoRan Inc is more likely to be releasing its next quarterly report on 2025-Apr-24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.67%, the share has a forward dividend of 0.30 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.73%.
Freeport-McMoRan Inc (NYSE:FCX)’s Major holders
Insiders are in possession of 0.67% of company’s total shares while institution are holding 86.74 percent of that, with stock having share float percentage of 87.32%. Investors also watch the number of corporate investors in a company very closely, which is 86.74% institutions for Freeport-McMoRan Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at FCX for having 121.49 million shares of worth $5.9 billion. And as of 2024-06-30, it was holding 8.4606 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 108.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5409 of outstanding shares, having a total worth of $5.26 billion.
