While Freeport-McMoRan Inc has overperformed by 0.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FCX fell by -5.86%, with highs and lows ranging from $55.07 to $36.09, whereas the simple moving average fell by -16.57% in the last 200 days.
On January 07, 2025, Bernstein Downgraded Freeport-McMoRan Inc (NYSE: FCX) to Mkt Perform. A report published by Scotiabank on September 30, 2024, Downgraded its rating to ‘Sector Perform’ for FCX. UBS also Upgraded FCX shares as ‘Buy’, setting a target price of $55 on the company’s shares in a report dated September 04, 2024. Morgan Stanley June 21, 2024d the rating to Overweight on June 21, 2024, and set its price target from $49.50 to $62. BofA Securities April 09, 2024d its ‘Neutral’ rating to ‘Buy’ for FCX, as published in its report on April 09, 2024. UBS’s report from January 16, 2024 suggests a price prediction of $41 for FCX shares, giving the stock a ‘Neutral’ rating. Bernstein also rated the stock as ‘Outperform’.
Analysis of Freeport-McMoRan Inc (FCX)
A return on investment can be expected regardless of FCX’s performance over the next quarter with the dividend set at $0.30 per share. Further, the quarter-over-quarter increase in sales is 13.84%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Freeport-McMoRan Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 11.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FCX is recording an average volume of 10.83M. On a monthly basis, the volatility of the stock is set at 2.38%, whereas on a weekly basis, it is put at 2.37%, with a gain of 1.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.41, showing growth from the present price of $38.74, which can serve as yet another indication of whether FCX is worth investing in or should be passed over.
How Do You Analyze Freeport-McMoRan Inc Shares?
A leading company in the Copper sector, Freeport-McMoRan Inc (FCX) is based in the USA. When comparing Freeport-McMoRan Inc shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 28.19, there is a growth in quarterly earnings of 15.71%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.58%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FCX shares are owned by institutional investors to the tune of 84.51% at present.
