Freeport-Mcmoran Inc (NYSE:FCX) shares traded 0% up during most recent session to reach at the closing price of $11.51. The stock exchanged hands 19.48 Million shares versus average trading capacity of 20.82 Million shares, yielding a market cap of $16.69 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $15.76 within the next 52-weeks. The mean target projections are based on 21 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Freeport-Mcmoran Inc (NYSE:FCX) high price target of $25 and with a conservative view have low price target of $12.
Credit Suisse “Initiates Coverage On” Freeport-Mcmoran Inc (NYSE:FCX) in a research note issued to investors on 1/09/19 to Neutral with price target of $12.
Additionally on 11/07/18 RBC Capital “Downgrades” Freeport-Mcmoran Inc (NYSE:FCX) to Underperform setting price target at $0 and on 10/25/18 B. Riley FBR “Maintained” the stock to Buy at $16. Furthermore on 10/17/18 Citigroup “Maintained” the stock to Neutral at $14.
On the other hand the company has Relative Strength Index (RSI 14) of 58.66 along with Average True Range (ATR 14) of 0.54, Consequently Freeport-Mcmoran Inc (NYSE:FCX)’s weekly and monthly volatility is 3.71%, 5.18% respectively. The company’s beta value is at 2.22.
In terms of Buy, Sell or Hold recommendations, Freeport-Mcmoran Inc (NYSE:FCX) has analysts’ mean recommendation of 2.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Freeport-Mcmoran Inc (NYSE:FCX)’s minimum EPS for the current quarter is at $0.13 and can go high up to $0.32. The consensus mean EPS for the current quarter is at $0.21 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.51 earnings per share for the same quarter during last year.
Previously Freeport-Mcmoran Inc (NYSE:FCX) reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company posted an earnings surprise of 6.1%.
Freeport-Mcmoran Inc (NYSE:FCX)’s revenue estimates for the current quarter are $3.95 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $4.26 Billion in contradiction of low revenue estimates of $3.79 Billion. For the current year the company’s revenue estimates are $18.75 Billion compared to low analyst estimates of $18 Billion and high estimates of $19.2 Billion according to 18 number of analysts.
Currently Freeport-Mcmoran Inc (NYSE:FCX)’s shares owned by insiders are 0.48%, whereas shares owned by institutional owners are 71.6%. However the six-month change in the insider ownership was recorded -1.07%, as well as three-month change in the institutional ownership was recorded -0.13%.
Freeport-Mcmoran Inc (NYSE:FCX)’s trailing twelve month revenues are $19.99 Billion, whereas its price to sales ratio for the same period is 0.84. Its book value per share for the most recent quarter is $6.88 while its price to book ratio for the same period is 1.67, as for as the company’s cash per share for the most recent quarter is $3.14, however its price to cash per share ratio for the same period is 3.66. The stock has 5 year expected PEG ratio of 1.15 whereas its trailing twelve month P/E ratio is 6.09.