Market Insights: Freeport-McMoRan Inc (FCX)’s Notable Gain of 1.00, Closing at 51.59

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

As of close of business last night, Freeport-McMoRan Inc’s stock clocked out at $51.59, up 1.00% from its previous closing price of $51.08. In other words, the price has increased by $1.00 from its previous closing price. On the day, 14.53 million shares were traded. FCX stock price reached its highest trading level at $52.0 during the session, while it also had its lowest trading level at $51.35.


To gain a deeper understanding of FCX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.51.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 06 ’24 when ADKERSON RICHARD C sold 54,771 shares for $50.78 per share. The transaction valued at 2,781,118 led to the insider holds 3,652,478 shares of the business.

Higgins Stephen T. sold 42,767 shares of FCX for $2,153,259 on May 03 ’24. The Senior VP & CAO now owns 104,377 shares after completing the transaction at $50.35 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 74108518400 and an Enterprise Value of 89457516544. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.35, and their Forward P/E ratio for the next fiscal year is 24.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 4.36. Its current Enterprise Value per Revenue stands at 3.761 whereas that against EBITDA is 10.298.

Stock Price History:

The Beta on a monthly basis for FCX is 1.97, which has changed by 0.42789924 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, FCX has reached a high of $52.52, while it has fallen to a 52-week low of $32.72. The 50-Day Moving Average of the stock is 10.53%, while the 200-Day Moving Average is calculated to be 27.37%.

Shares Statistics:

It appears that FCX traded 14.90M shares on average per day over the past three months and 16042360 shares per day over the past ten days. 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 79.94% stake in the company. Shares short for FCX as of 1714435200 were 24219509 with a Short Ratio of 1.63, compared to 1711584000 on 18085711. Therefore, it implies a Short% of Shares Outstanding of 24219509 and a Short% of Float of 1.6900001000000002.

Dividends & Splits

With its trailing 12-month dividend rate of 0.6, FCX has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.011746281The stock’s 5-year Average Dividend Yield is 3.73. The current Payout Ratio is 47.00% for FCX, which recently paid a dividend on 2024-04-12 with an ex-dividend date of 1712880000. Stock splits for the company last occurred on 2011-02-02 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 9.0 analysts. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.21, while EPS last year was $0.35. The consensus estimate for the next quarter is $0.39, with high estimates of $0.51 and low estimates of $0.24.

Analysts are recommending an EPS of between $2.08 and $1.08 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $2.15, with 16.0 analysts recommending between $3.04 and $1.25.

Revenue Estimates

In the current quarter, 3 analysts expect revenue to total $6.04B. It ranges from a high estimate of $6.21B to a low estimate of $5.9B. As of the current estimate, Freeport-McMoRan Inc’s year-ago sales were $5.74BFor the next quarter, 3 analysts are estimating revenue of $6.22B. There is a high estimate of $6.53B for the next quarter, whereas the lowest estimate is $5.9B.

A total of 12 analysts have provided revenue estimates for FCX’s current fiscal year. The highest revenue estimate was $26.81B, while the lowest revenue estimate was $24.02B, resulting in an average revenue estimate of $25.15B. In the same quarter a year ago, actual revenue was $22.86BBased on 12 analysts’ estimates, the company’s revenue will be $26.25B in the next fiscal year. The high estimate is $29.79B and the low estimate is $23.3B.

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