Freeport-McMoRan Inc (NYSE: FCX) is -23.31% lower on its value in year-to-date trading and has touched a low of $33.42 and a high of $54.96 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 $33.51 in the last trading session, with the day’s loss setting it -4.36%.
Currently trading at $29.15, the stock is -23.86% and -22.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 44.36 million and changing -13.01% at the moment leaves the stock -31.86% off its SMA200. FCX registered -40.87% loss for a year compared to 6-month loss of -42.44%. The firm has a 50-day simple moving average (SMA 50) of $37.7204 and a 200-day simple moving average (SMA200) of $42.8772.
The stock witnessed a -22.64% gain in the last 1 month and extending the period to 3 months gives it a -22.90%, and is -24.13% 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 5.49% over the week and 4.10% over the month.
Freeport-McMoRan Inc (FCX) has around 28500 employees, a market worth around $41.89B and $25.14B in sales. Current P/E ratio is 22.49 and Fwd P/E is 12.80. Profit margin for the company is 7.45%. Distance from 52-week low is -12.78% and -46.97% from its 52-week high. The company has generated returns on investments over the last 12 months (6.89%).
with sales reaching $5.4B over the same period.The EPS is expected to grow by 15.07% this year, but quarterly earnings will post 3.42% year-over-year. Quarterly sales are estimated to shrink -14.58% in year-over-year returns.
Freeport-McMoRan Inc (FCX) Top Institutional Holders
1985.0 institutions hold shares in Freeport-McMoRan Inc (FCX), with institutional investors hold 86.19% of the company’s shares. The shares outstanding are 1.44B, and float is at 1.43B with Short Float at 1.75%. Institutions hold 85.62% 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).
