Freeport-McMoRan Inc (NYSE: FCX) is 26.04% higher on its value in year-to-date trading and has touched a low of $32.72 and a high of $52.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FCX stock was last observed hovering at around $52.04 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $53.48, the stock is 6.68% and 13.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.7 million and changing 2.77% at the moment leaves the stock 31.75% off its SMA200. FCX registered 53.94% gain for a year compared to 6-month gain of 59.31%.
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The stock witnessed a 6.92% loss in the last 1 month and extending the period to 3 months gives it a 46.10%, and is 4.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.74% over the month.
Freeport-McMoRan Inc (FCX) has around 27200 employees, a market worth around $76.82B and $23.81B in sales. Current P/E ratio is 47.01 and Fwd P/E is 24.94. Profit margin for the company is 6.90%. Distance from 52-week low is 63.46% and 1.83% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
The EPS is expected to grow by 2.27% this year.
Freeport-McMoRan Inc (FCX) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.41B with Short Float at 1.71%.
Freeport-McMoRan Inc (FCX) Insider Activity
The most recent transaction is an insider sale by Higgins Stephen T.,the company’sSenior VP & CAO. SEC filings show that Higgins Stephen T. sold 80,000 shares of the company’s common stock on May 13 ’24 at a price of $52.03 per share for a total of $4.16 million. Following the sale, the insider now owns 0.1 million shares.
Freeport-McMoRan Inc disclosed in a document filed with the SEC on May 06 ’24 that ADKERSON RICHARD C (Chairman of the Board & CEO) sold a total of 54,771 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $50.78 per share for $2.78 million. Following the transaction, the insider now directly holds 3.65 million shares of the FCX stock.
Still, SEC filings show that on May 03 ’24, Higgins Stephen T. (Senior VP & CAO) disposed off 42,767 shares at an average price of $50.35 for $2.15 million. The insider now directly holds 104,377 shares of Freeport-McMoRan Inc (FCX).
