Freeport-McMoRan Inc (NYSE:FCX) has a beta value of 1.64 and has seen 2.45 million shares traded in the recent trading session. The company, currently valued at $62.91B, closed the recent trade at $43.8 per share which meant it lost -$0.32 on the day or -0.73% during that session. The FCX stock price is -19.25% off its 52-week high price of $52.23 and 37.1% above the 52-week low of $27.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.68 million shares traded. The 3-month trading volume is 13.52 million shares.
The consensus among analysts is that Freeport-McMoRan Inc (FCX) is Buy stock at the moment, with a recommendation rating of 1.87. 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 -0.73% in the red 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 $43.8 or saw a rise of 7.81%. Year-to-date, Freeport-McMoRan Inc shares have moved -13.83%, while the 5-day performance has seen it change -3.77%. Over the past 30 days, the shares of Freeport-McMoRan Inc (NYSE:FCX) have changed 7.16%. Short interest in the company has seen 23.98 million shares shorted with days to cover at 2.09.
Wall Street analysts have a consensus price target for the stock at $51, which means that the shares’ value could jump 14.12% from the levels at last check today.. The projected low price target is $39.0 while the price target rests at a high of $56.0. In that case, then, we find that the latest price level in today’s session is -27.85% off the targeted high while a plunge would see the stock lose 10.96% from the levels at last check today..
Freeport-McMoRan Inc (FCX) estimates and forecasts
The company’s shares have gained 11.78% over the past 6 months.
Earnings growth for 2025 is a modest 19.94% while over the next 5 years, the company’s earnings are expected to increase by 22.12%.
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 0.38 at a share yield of 0.86%. 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 86.59% with a share float percentage of 87.17%. Investors are also buoyed by the number of investors in a company, with Freeport-McMoRan Inc having a total of 1980.0 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 $1.98 billion while later fund manager owns 39.93 shares of worth $1.74 billion as of Mar 31, 2025 , which makes it owner of about 2.78% of company’s outstanding stock.
