Freeport-McMoran, Inc.s in-depth stock price analysis indicates that the stock price has rallied 15.08% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 45.09% . Looking at the past 52 week period, the stock price is up at 185.71% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Freeport-McMoran, Inc. has a positive value of 27.56 compared to overall market. Freeport-McMoran, Inc. (NYSE:FCX) has tumbled 0.19% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.02% in the last four weeks. The stocks have underperformed the S&P 500 by 0.99% during the past week but Freeport-McMoran, Inc. (NYSE:FCX) it has outperformed the index in 4 weeks by 2.15%.
Freeport-McMoran, Inc. (NYSE:FCX) : On Friday heightened volatility was witnessed in Freeport-McMoran, Inc. (NYSE:FCX) which led to swings in the share price. The stock opened for trading at $16.41 and hit $16.56 on the upside , eventually ending the session at $15.8, with a gain of 2.66% or 0.41 points. The heightened volatility saw the trading volume jump to 45,535,256 shares. The 52-week high of the share price is $17.06 and the company has a market cap of $22,752 million. The 52-week low of the share price is at $4.65 .
Freeport-McMoRan Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $0.33. The company had revenue of $4377.00 million for the quarter, compared to analysts expectations of $4335.63 million. The companys revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Freeport-McMoRan Inc was Resumed by JP Morgan to Neutral on Feb 9, 2017. Company shares were Reiterated by FBR & Co. on Feb 3, 2017 to Mkt Perform, Raises Price Target to $ 13 from a previous price target of $12 .Company shares were Reiterated by UBS on Dec 1, 2016 to Buy, Raises Price Target to $ 18 from a previous price target of $11 .Freeport-McMoRan Inc was Downgraded by Berenberg to Sell on Nov 30, 2016. Company shares were Reiterated by Cowen on Nov 21, 2016 to Outperform, Raises Price Target to $ 20 from a previous price target of $15 .
Company has reported several Insider transactions to the SEC, on Sep 8, 2015, James C Flores (Vice Chairman of the Board) purchased 2,200,000 shares at 9.70 per share price.On Aug 31, 2015, James R Moffett (Chairman of the Board) purchased 100,000 shares at 10.57 per share price.
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 worlds lowest-cost copper producer and one of the worlds largest producers of copper and gold. FCXs 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).