Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Freeport-McMoRan Inc (NYSE: FCX) closed the day trading at $43.48 down -2.03% from the previous closing price of $44.38. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 11.79 million shares were traded. FCX stock price reached its highest trading level at $44.08 during the session, while it also had its lowest trading level at $43.12.
Ratios:
For a better understanding of FCX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.51.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 11 ’24 when Robertson Maree E. sold 13,000 shares for $44.91 per share. The transaction valued at 583,878 led to the insider holds 68,198 shares of the business.
Robertson Maree E. bought 13,000 shares of FCX for $583,878 on Nov 11 ’24. On May 13 ’24, another insider, Higgins Stephen T., who serves as the Senior VP & CAO of the company, sold 80,000 shares for $52.03 each. As a result, the insider received 4,162,512 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 62477717504 and an Enterprise Value of 79767855104. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.64, and their Forward P/E ratio for the next fiscal year is 20.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 3.56. Its current Enterprise Value per Revenue stands at 3.111 whereas that against EBITDA is 8.057.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $55.07, while it has fallen to a 52-week low of $35.81. The 50-Day Moving Average of the stock is -7.26%, while the 200-Day Moving Average is calculated to be -6.13%.
Shares Statistics:
Over the past 3-months, FCX traded about 11.48M shares per day on average, while over the past 10 days, FCX traded about 11954000 shares per day. A total of 1.44B shares are outstanding, with a floating share count of 1.43B. Insiders hold about 0.60% of the company’s shares, while institutions hold 84.85% stake in the company. Shares short for FCX as of 1730332800 were 23584019 with a Short Ratio of 2.06, compared to 1727654400 on 22871620. Therefore, it implies a Short% of Shares Outstanding of 23584019 and a Short% of Float of 1.6500000000000001.
Dividends & Splits
FCX’s forward annual dividend rate is 0.30, up from 0.6 a year ago. Against a Trailing Annual Dividend Yield of 0.013519604The stock’s 5-year Average Dividend Yield is 3.73.
