The price of Freeport-McMoRan Inc (NYSE: FCX) closed at $37.93 in the last session, up 0.32% from day before closing price of $37.81. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 10238109 shares were traded.
Ratios:
We take a closer look at FCX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 119.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.54.
On January 08, 2024, Bernstein Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $41 to $48.50.
On October 17, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $42.JP Morgan initiated its Neutral rating on October 17, 2023, with a $42 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 12 when Lewis Sara Grootwassink bought 4,000 shares for $34.90 per share. The transaction valued at 139,597 led to the insider holds 17,800 shares of the business.
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 54.41B and an Enterprise Value of 59.50B. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.88, and their Forward P/E ratio for the next fiscal year is 18.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 2.60 whereas that against EBITDA is 6.93.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $44.53, while it has fallen to a 52-week low of $32.77. The 50-Day Moving Average of the stock is 39.76, while the 200-Day Moving Average is calculated to be 38.55.
Shares Statistics:
According to the various share statistics, FCX traded on average about 12.43M shares per day over the past 3-months and 10.8M shares per day over the past 10 days. A total of 1.44B shares are outstanding, with a floating share count of 1.41B. Insiders hold about 1.66% of the company’s shares, while institutions hold 80.50% stake in the company. Shares short for FCX as of Feb 15, 2024 were 14.01M with a Short Ratio of 1.13, compared to 14.43M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.98% and a Short% of Float of 0.98%.
Dividends & Splits
The forward annual dividend rate for FCX is 0.30, which was 0.60 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.59%, it implies a Forward Annual Dividend Yield of 1.58%. The stock’s 5-year Average Dividend Yield is 3.73. The current Payout Ratio is 23.50% for FCX, which recently paid a dividend on Feb 01, 2024 with an ex-dividend date of Jan 11, 2024. Stock splits for the company last occurred on Feb 02, 2011 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.26, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.36, with high estimates of $0.48 and low estimates of $0.27.
Analysts are recommending an EPS of between $2.09 and $1.15 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $2.14, with 15 analysts recommending between $3.36 and $1.27.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $5.68B. It ranges from a high estimate of $5.99B to a low estimate of $5.29B. As of the current estimate, Freeport-McMoRan Inc’s year-ago sales were $5.39B, an estimated increase of 5.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $5.46B, a decrease of -4.90% less than the figure of $5.40% in the same quarter last year. There is a high estimate of $5.58B for the next quarter, whereas the lowest estimate is $5.33B.
A total of 14 analysts have provided revenue estimates for FCX’s current fiscal year. The highest revenue estimate was $25.32B, while the lowest revenue estimate was $21.32B, resulting in an average revenue estimate of $23.62B. In the same quarter a year ago, actual revenue was $22.86B, up 3.30% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $25.14B in the next fiscal year. The high estimate is $32.42B and the low estimate is $21.57B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.
