Freeport-McMoRan Inc (NYSE: FCX) is -8.14% lower on its value in year-to-date trading and has touched a low of $36.09 and a high of $55.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FCX stock was last observed hovering at around $38.24 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $38.86, the stock is -8.04% and -12.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.18 million and changing 1.62% at the moment leaves the stock -16.71% off its SMA200. FCX registered -5.41% loss for a year compared to 6-month loss of -22.63%. The firm has a 50-day simple moving average (SMA 50) of $44.6184 and a 200-day simple moving average (SMA200) of $46.7535.
The stock witnessed a -11.08% gain in the last 1 month and extending the period to 3 months gives it a -13.78%, and is -6.56% down 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 3.45% over the week and 2.53% over the month.
Freeport-McMoRan Inc (FCX) has around 27200 employees, a market worth around $56.74B and $25.06B in sales. Current P/E ratio is 28.27 and Fwd P/E is 18.16. Profit margin for the company is 7.92%. Distance from 52-week low is 7.67% and -29.43% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
with sales reaching $6.27B over the same period.The EPS is expected to shrink by -1.38% this year, but quarterly earnings will post 13.72% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
Freeport-McMoRan Inc (FCX) Top Institutional Holders
2049.0 institutions hold shares in Freeport-McMoRan Inc (FCX), with institutional investors hold 85.50% of the company’s shares. The shares outstanding are 1.44B, and float is at 1.43B with Short Float at 1.67%. Institutions hold 84.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 121.49 million shares valued at $5.9 billion. The investor’s holdings represent 8.4606% of the FCX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 108.29 million shares valued at $5.26 billion to account for 7.5409 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 76.34 million shares representing 5.3164% and valued at over $3.71 billion, while FMR LLC holds 4.5111 of the shares totaling 64.78 million with a market value of $3.15 billion.
Freeport-McMoRan Inc (FCX) Insider Activity
The most recent transaction is an insider sale by Robertson Maree E., the company’s EVP & CFO. SEC filings show that Robertson Maree E. sold 13,000 shares of the company’s common stock on Nov 11 ’24 at a price of $44.91 per share for a total of $0.58 million. Following the sale, the insider now owns 68198.0 shares.
Still, SEC filings show that on May 13 ’24, Higgins Stephen T. (Senior VP & CAO) disposed off 80,000 shares at an average price of $52.03 for $4.16 million. The insider now directly holds 104,377 shares of Freeport-McMoRan Inc (FCX).
