Freeport-McMoRan Inc (NYSE: FCX) is -0.59% lower on its value in year-to-date trading and has touched a low of $27.60 and a high of $53.51 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 $38.01 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $37.70, the stock is -0.33% and 2.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.41 million and changing -0.82% at the moment leaves the stock -7.60% off its SMA200. FCX registered -30.79% loss for a year compared to 6-month loss of -13.07%. The firm has a 50-day simple moving average (SMA 50) of $36.9234 and a 200-day simple moving average (SMA200) of $40.94165.
The stock witnessed a 7.13% gain in the last 1 month and extending the period to 3 months gives it a 2.17%, and is -2.00% 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 1.50% over the week and 1.72% over the month.
Freeport-McMoRan Inc (FCX) has around 28500 employees, a market worth around $54.14B and $24.48B in sales. Current P/E ratio is 31.12 and Fwd P/E is 17.11. Profit margin for the company is 7.15%. Distance from 52-week low is 36.60% and -29.54% from its 52-week high. The company has generated returns on investments over the last 12 months (6.58%).
with sales reaching $6.85B over the same period.The EPS is expected to grow by 8.52% this year, but quarterly earnings will post 4.91% year-over-year. Quarterly sales are estimated to grow 3.43% in year-over-year returns.
1987.0 institutions hold shares in Freeport-McMoRan Inc (FCX), with institutional investors hold 86.97% of the company’s shares. The shares outstanding are 1.44B, and float is at 1.43B with Short Float at 1.58%. Institutions hold 86.39% 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.
