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Freeport-McMoRan Inc (NYSE: FCX) closed the day trading at $47.99 down -1.96% from the previous closing price of $48.95. In other words, the price has decreased by -$1.96 from its previous closing price. On the day, 19.43 million shares were traded. FCX stock price reached its highest trading level at $48.685 during the session, while it also had its lowest trading level at $47.1.
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 11.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 151.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.54.
Bernstein Upgraded its Mkt Perform to Outperform on January 08, 2024, whereas the target price for the stock was revised from $41 to $48.50.
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 May 12 ’23 when Lewis Sara Grootwassink bought 4,000 shares for $34.90 per share. The transaction valued at 139,597 led to the insider holds 17,800 shares of the business.
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 69105598464 and an Enterprise Value of 85926322176. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.80, and their Forward P/E ratio for the next fiscal year is 22.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 4.13. Its current Enterprise Value per Revenue stands at 3.76 whereas that against EBITDA is 10.159.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $52.42, while it has fallen to a 52-week low of $32.72. The 50-Day Moving Average of the stock is 10.26%, while the 200-Day Moving Average is calculated to be 20.31%.
Shares Statistics:
Over the past 3-months, FCX traded about 14.46M shares per day on average, while over the past 10 days, FCX traded about 17232640 shares per day. A total of 1.44B shares are outstanding, with a floating share count of 1.41B. Insiders hold about 1.67% of the company’s shares, while institutions hold 80.56% stake in the company. Shares short for FCX as of 1711584000 were 18085711 with a Short Ratio of 1.25, compared to 1709164800 on 15211250. Therefore, it implies a Short% of Shares Outstanding of 18085711 and a Short% of Float of 1.27.
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 0.012257406The stock’s 5-year Average Dividend Yield is 3.73.
