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Freeport-McMoRan Inc (NYSE: FCX) closed the day trading at $49.77 down -2.07% from the previous closing price of $50.82. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 10.38 million shares were traded. FCX stock price reached its highest trading level at $50.05 during the session, while it also had its lowest trading level at $49.28.
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 11.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.74. 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:
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 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 71512522752 and an Enterprise Value of 86947340288. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.55, and their Forward P/E ratio for the next fiscal year is 22.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.95 while its Price-to-Book (P/B) ratio in mrq is 4.11. Its current Enterprise Value per Revenue stands at 3.524 whereas that against EBITDA is 9.361.
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 13.22%, while the 200-Day Moving Average is calculated to be 10.23%.
Shares Statistics:
Over the past 3-months, FCX traded about 12.07M shares per day on average, while over the past 10 days, FCX traded about 16418450 shares per day. 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 84.43% stake in the company. Shares short for FCX as of 1726185600 were 18657365 with a Short Ratio of 1.55, compared to 1723680000 on 20777980. Therefore, it implies a Short% of Shares Outstanding of 18657365 and a Short% of Float of 1.3099999.
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 0.011806376The stock’s 5-year Average Dividend Yield is 3.73.
