Freeport-McMoRan Inc (NYSE: FCX) is -14.29% lower on its value in year-to-date trading and has touched a low of $27.60 and a high of $52.31 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 $41.18 in the last trading session, with the day’s loss setting it -25.3%.
Currently trading at $15.88M, the stock is -0.63% and 5.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.99 million and changing 13986871% at the moment leaves the stock -0.93% off its SMA200. FCX registered 6.06% gain for a year compared to 6-month loss of -0.87%. The firm has a 50-day simple moving average (SMA 50) of $37.998 and a 200-day simple moving average (SMA200) of $40.71545.
The stock witnessed a 4.74% gain in the last 1 month and extending the period to 3 months gives it a -0.96%, and is -2.33% 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 2.01% over the week and 1.92% over the month.
Freeport-McMoRan Inc (FCX) has around 28500 employees, a market worth around $57.76B and $24.48B in sales. Current P/E ratio is 33.20 and Fwd P/E is 18.49. Profit margin for the company is 7.15%. Distance from 52-week low is 45.73% and -23.12% from its 52-week high. The company has generated returns on investments over the last 12 months (6.58%).
with sales reaching $6.95B over the same period.The EPS is expected to grow by 10.68% this year, but quarterly earnings will post 6.06% year-over-year. Quarterly sales are estimated to grow 4.97% in year-over-year returns.
Freeport-McMoRan Inc (FCX) Top Institutional Holders
1992.0 institutions hold shares in Freeport-McMoRan Inc (FCX), with institutional investors hold 87.31% of the company’s shares. The shares outstanding are 1.44B, and float is at 1.43B with Short Float at 1.47%. Institutions hold 86.73% 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 Mikes Ellie L., the company’s Chief Accounting Officer. SEC filings show that Mikes Ellie L. sold 8,584 shares of the company’s common stock on Jun 02 ’25 at a price of $40.02 per share for a total of $0.34 million. Following the sale, the insider now owns 48333.0 shares.
Still, SEC filings show that on Nov 11 ’24, Robertson Maree E. (EVP & CFO) disposed off 13,000 shares at an average price of $44.91 for $0.58 million. The insider now directly holds 68,198 shares of Freeport-McMoRan Inc (FCX).
