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After finishing at $44.90 in the prior trading day, Freeport-McMoRan Inc (NYSE: FCX) closed at $43.60, down -2.90%. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 18.07 million shares were traded. FCX stock price reached its highest trading level at $44.095 during the session, while it also had its lowest trading level at $42.92.
Ratios:
Our goal is to gain a better understanding of FCX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.65. 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 64517967872 and an Enterprise Value of 78647050240. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.72, and their Forward P/E ratio for the next fiscal year is 19.77. 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 2.50 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 3.067 whereas that against EBITDA is 7.944.
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 $33.17. The 50-Day Moving Average of the stock is -6.17%, while the 200-Day Moving Average is calculated to be -5.39%.
Shares Statistics:
The stock has traded on average 11.08M shares per day over the past 3-months and 11409470 shares per day over the last 10 days, according to various share statistics. A total of 1.44B shares are outstanding, with a floating share count of 1.39B. Insiders hold about 0.77% of the company’s shares, while institutions hold 86.48% stake in the company. Shares short for FCX as of 1728950400 were 24408940 with a Short Ratio of 2.13, compared to 1726185600 on 18657365. Therefore, it implies a Short% of Shares Outstanding of 24408940 and a Short% of Float of 1.71.
Dividends & Splits
In the trailing 12 months, FCX’s forward annual dividend rate was 0.6, compared to 0.30 this year. Against a Trailing Annual Dividend Yield of 0.013363029The stock’s 5-year Average Dividend Yield is 3.73.
