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After finishing at $37.81 in the prior trading day, Freeport-McMoRan Inc (NYSE: FCX) closed at $36.67, down -3.02%. In other words, the price has decreased by -$3.02 from its previous closing price. On the day, 18.32 million shares were traded. FCX stock price reached its highest trading level at $37.17 during the session, while it also had its lowest trading level at $36.58.
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 10.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 24, 2025, Downgraded its rating to Hold and sets its target price to $40 from $48 previously.
On January 07, 2025, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $51 to $46.
Scotiabank Downgraded its Sector Outperform to Sector Perform on September 30, 2024, while the target price for the stock was maintained at $52.
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 52692221952 and an Enterprise Value of 72166506496. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.29, and their Forward P/E ratio for the next fiscal year is 15.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 2.815 whereas that against EBITDA is 7.29.
Stock Price History:
The Beta on a monthly basis for FCX is 1.85, which has changed by -0.05404055 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, FCX has reached a high of $54.96, while it has fallen to a 52-week low of $36.02. The 50-Day Moving Average of the stock is -10.37%, while the 200-Day Moving Average is calculated to be -20.01%.
Shares Statistics:
The stock has traded on average 11.89M shares per day over the past 3-months and 14863860 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 1.43B. Insiders hold about 0.58% of the company’s shares, while institutions hold 84.57% stake in the company. Shares short for FCX as of 1735603200 were 26089955 with a Short Ratio of 2.19, compared to 1732838400 on 23896876. Therefore, it implies a Short% of Shares Outstanding of 26089955 and a Short% of Float of 1.83.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.73. The current Payout Ratio is 45.90% for FCX, which recently paid a dividend on 2025-01-15 with an ex-dividend date of 1736899200. Stock splits for the company last occurred on 2011-02-02 when the company split stock in a 2:1 ratio.
