Hot Stock Update: Freeport-McMoRan Inc. (NYSE:FCX)

Freeport-McMoRan Inc. (NYSE:FCX) Engaged In The Exploration/Development Of Copper/Gold/Silver/Molybdenum Mines In Indonesia, North And South America Belonging to the Basic Materials sector which surged 1.59% and closed its last trading session at $10.86.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 10/27/2016. Currently, the stock has a 1 Year Price Target of $11.51.

The consensus recommendation, according to Zacks Investment research, is 2.79. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.69 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.71 and 2.73 respectively.

Freeport-McMoRan Inc. on 6/30/2016 reported its EPS as $-0.02 with the analysts projecting the EPS of the stock as $-0.01. The company beat the analyst EPS Estimate with the difference of $-0.01. This shows a surprise factor of -100%.

Many analysts have provided their estimated foresights on Freeport-McMoRan Inc. Earnings, with 16 analysts believing the company would generate an Average Estimate of $0.19. Whereas they predicted High and Low Earnings Estimate as $0.3 and $0.07 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.15.

Analysts are also projecting an Average Revenue Estimate for Freeport-McMoRan Inc. as $4.1 Billion in the Current Quarter. This estimate is provided by 8 analysts. The High Revenue estimate is predicted as 4.62 Billion, while the Low Revenue Estimate prediction stands at 3.6 Billion. The company’s last year sales total was 3.68 Billion.

For the Current Quarter, the growth estimate for Freeport-McMoRan Inc. is 226.7%, while for the Next Quarter the stock growth estimate is 2300%. In the past 5 years, the stock showed growth of -31.06% per annum. While for the next 5 years, the growth estimate is -38.43%.

The Company got Downgrade by Morgan Stanley on 14-Sep-16 from Equal-Weight to Underweight.

Insider Trades for Freeport-McMoRan Inc. show that the latest trade was made on 30 Jun 2016 where Ford (Gerald J), the Director completed a transaction type “Buy” in which 3422 shares were traded at a price of $11.14.

Over the period of 6 months, Insider Purchases show a total of 4 transaction in which 3360000 shares were traded.

15 analysts projected Price Targets for Freeport-McMoRan Inc. The analysts believe that the company stock price could grow as high as $15. The Low Price target projection by analysts is $7 and the Mean Price Target is $11.51.

Freeport-McMoRan Inc. (NYSE:FCX) has the market capitalization of $14.2 Billion. The company rocked its 52-Week High of $14.2 on Oct 9, 2015 and touched its 52-Week Low of $3.52 on Jan 20, 2016. The stock has Return on Assets (ROA) of -27.8 percent. Return on Equity (ROE) stands at -190% and Return on Investment (ROI) of -40.5 percent.

The stock is currently showing YTD performance of 60.41 Percent. The company has Beta Value of 2.62 and ATR value of 0.52. The Weekly and Monthly Volatility stands at 4.27% and 4.56%.

Company profile:

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia.  They are the world’s lowest-cost copper producer and one of the world’s largest producers of copper and gold. FCX’s operations are conducted through its subsidiaries, P.T. Freeport Indonesia (PT-FI), P.T. IRJA Eastern Minerals Corporation (Eastern Mining) and through Atlantic Copper, S.A. (Atlantic).