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In the latest session, Freeport-McMoRan Inc (NYSE: FCX) closed at $48.86 down -2.34% from its previous closing price of $50.03. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 13.57 million shares were traded. FCX stock price reached its highest trading level at $48.995 during the session, while it also had its lowest trading level at $47.56.
Ratios:
For a deeper understanding of Freeport-McMoRan Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.50.
On September 04, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $54 to $55.
Morgan Stanley Upgraded its Equal-Weight to Overweight on June 21, 2024, whereas the target price for the stock was revised from $49.50 to $62.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 13 ’24 when Higgins Stephen T. sold 80,000 shares for $52.03 per share. The transaction valued at 4,162,512 led to the insider holds 104,377 shares of the business.
ADKERSON RICHARD C sold 54,771 shares of FCX for $2,781,118 on May 06 ’24. The Chairman of the Board & CEO now owns 3,652,478 shares after completing the transaction at $50.78 per share. On May 01 ’24, another insider, Higgins Stephen T., who serves as the Senior VP & CAO of the company, sold 43,900 shares for $51.08 each. As a result, the insider received 2,242,333 and left with 104,377 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FCX now has a Market Capitalization of 71885766656 and an Enterprise Value of 85639798784. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.86, and their Forward P/E ratio for the next fiscal year is 22.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 4.04. Its current Enterprise Value per Revenue stands at 3.471 whereas that against EBITDA is 9.22.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $55.15, while it has fallen to a 52-week low of $32.67. The 50-Day Moving Average of the stock is 8.96%, while the 200-Day Moving Average is calculated to be 7.48%.
Shares Statistics:
For the past three months, FCX has traded an average of 12.05M shares per day and 9759780 over the past ten days. A total of 1.44B shares are outstanding, with a floating share count of 1.43B. Insiders hold about 0.77% of the company’s shares, while institutions hold 84.41% stake in the company. Shares short for FCX as of 1727654400 were 22871620 with a Short Ratio of 1.90, compared to 1724976000 on 20942725. Therefore, it implies a Short% of Shares Outstanding of 22871620 and a Short% of Float of 1.6.
Dividends & Splits
According to the company, the forward annual dividend rate for FCX is 0.23, from 0.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011992805The stock’s 5-year Average Dividend Yield is 3.73.
