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

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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.

Ratios:

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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